Mobile Real Estate News and Questions
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The HOPE for Homeowners program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans.The program is effective from October 1, 2008 to September 30, 2011.How the Program WorksThere are four ways that a distressed homeowner could pursue participation in the HOPE
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Check out a new home for sale located in Spring Grove subdivision in West Mobile. It is located right down the street from the new Wal-Mart at Dawes Road and Cottage Hill Road.
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Press Release
Release Date: October 8, 2008
For release at 7:00 a.m. EDT
Joint Statement by Central Banks
Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial
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Please check out our new listing in the Hamilton Bridges subdivision in west Mobile AL area which is priced below market for quick sale. The like new home for sale is 1 year new and features both a front porch and rear porch and 2 car garage. Nice wooded view in backyard
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Press Release
Release Date: October 7, 2008
For release at 9:00 a.m. EDT
The Federal Reserve Board on Tuesday announced the creation of the Commercial Paper Funding Facility (CPFF), a facility that will complement the Federal Reserve's existing credit facilities to help provide liquidity to term funding markets.The
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That is the question all Mobile Bay homeowners should ask themselves when they consider selling their home.
The first item on the fix-it list: clear the clutter! If your closets, attic, basement, garage, and other storage areas appear neat, half-full and organized, your house will seem to have more storage space.
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The "HOPE for Homeowners Act of 2008" creates a new, temporary, voluntary program within FHA to back FHA-insured mortgages to distressed borrowers. The new mortgages offered by FHA-approved lenders will refinance distressed loans at a significant discount for owner-occupants at risk of losing their homes to foreclosure. In exchange, homeowners will
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Press Release
Release Date: October 3, 2008
For immediate release
I applaud the action taken by the Congress. It demonstrates the government's commitment to do what it takes to support and strengthen our economy. The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted
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From the WSJ: Revised Bill Lets FDIC Borrow Without Limits
The Senate financial market rescue bill would temporarily allow the Federal Deposit Insurance Corp. to borrow unlimited amounts of money from the Treasury Department in connection with the larger government deposit coverage that would extend until the end of next year.This
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Marlon G. Cook, a regional manager in the Federal Deposit Insurance Corp. in Atlanta, told those at Tuesday's Coastal Economy Outlook conference that Alabama's financial and real-estate markets are doing better than most of the country.
Cook predicted mortgage credit would "remain under tremendous pressure until the end of the year
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I never thought I would see the United States being led around by our nose by leaders of foreign governments because WE owed them so much money, but it has happened. I am concerned about the signal being sent...
From Bloomberg:
"European Central Bank President Jean- Claude Trichet said U.S. lawmakers
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1. Get the right mindset. Once you list your home, detach yourself.
2. Start at the curb. Look at what people see when they pull up.
3. Paint -- it's money in a can.
4. Focus on the entry.
5. Catch up on maintenance. Get around to the repairs
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Breaking News!
From NY Times blog:
"Citi assumes Wachovia banking operations for $1 a share, a move that that would concentrate power within the nation's banking industry in the hands of a few giant lenders, The New York Times's Eric Dash and Andrew Ross Sorkin reported Monday morning.
The Federal Deposit
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From the NY Times: Citigroup and Wells Fargo Said to Be Bidding for Wachovia
Citigroup and Wells Fargo were locked in a bidding war on Sunday over a possible emergency takeover of the Wachovia Corporation ... The government, led by the Federal Reserve and Treasury Department, has been involved in the
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Alright guys, who is man/woman enough to read this article in its entirety? I have linked the pdf version and it is 106 pages. Good luck and please report back with Cliff Notes...
The Troubled Assets are initially limited to commercial and residential mortgages and instruments based on them. The Treasury
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There seems to be a deal reached on the bailout bill. The House Republicans were conspicuously missing from the press conferences early this morning, but many people associated think this deal can get done...
From the NY Times: Breakthrough Reached in Negotiations on Bailout
Congressional leaders and the Bush administration reached
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Free Comprehensive Search of Mobile Alabama MLS
http://mobile.alabama.mls.searchrealestatehomesforsale.com/
Use this comprehensive Web site to help you navigate through theMobile Alabama real estate. I have created this Web site as a resource to help you make an informed decision about your real estate prospects here in the Gulf Coast area.With established roots
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Prior to closing, you would be wise to revisit the property to verify that it is in the condition you have outlined in your purchasing offer and to be certain that required repairs have been completed to your satisfaction. It is best to do this final inspection no later than 1-3
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The Gulf Coast of Alabama and all its beauty is a great place to live, However the pricetag has gone up.Homeowners Insurance has caused more buyersnot buy, more so than all the changes inlending.
When looking for homeowners insurance, use the many resources available to you. You'll find valuable information
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Another wild night in the financial markets...
CNBC reports: FDIC to Seize WaMu and Sell Deposits to JPMorgan The Federal Deposit Insurance Corp will seize Washington Mutual and sell its deposits to JPMorgan Chase for an undisclosed sum, CNBC has learned. The deal is expected to be announced during a Thursday
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Here is the transcript of the speech Chairman Bernanke will give to Congress this afternoon. It was made public just a few minutes ago...
Testimony
ChairmanBen S. Bernanke
Economic outlook
Before the Joint Economic Committee, U.S. Congress
September 24, 2008
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Chairman Schumer, Vice Chair Maloney, Representative Saxton, and other
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Here are some tips that could save you a lot of time, money and trouble.
Plan ahead.Establish good credit and save as much as you can for the down payment and closing costs.
Set a budget and stick to it.We can help you determine a comfortable price range.
Keep your
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This is a very interesting read just made public. This is the speech Chairman Bernanke will give before the Committee on Banking, Housing and Urban Affairs...
The entire speech:
ChairmanBen S. Bernanke
U.S. financial markets
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
September 23, 2008
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they have petitioned the Fed to become bank holding companies which will oversee their balance sheets and give them limits on leverage and access to the discount window.
From the Fed press release:
Release Date: September 21, 2008
For release at 9:30 p.m. EDT
The Federal Reserve Board on
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