business and economy: Monday Market Update – October 25, 2010
- 10/25/10 06:12 AM
by. Melanie Cameron Happy Monday! I hope you had a wonderful weekend and were able to enjoy the great weather. I attended my 20th High School Reunion and was reminded how quickly time flys by! I attended another 2 day Short Sale education class last week and continue to be amazed how confusing the mortgage industry makes it for consumers to get good information about their options if they are in financial distress. The majority of homeowners that go into foreclosure never seek other alternatives and end up facing the consequences of a foreclosure on their credit for years to … (0 comments)
business and economy: Monday Market Update – September 21, 2010
- 09/21/10 03:48 AM
Happy Monday! Hope you had a great weekend! I read an article today that a bill was introduced in Congress last week, H.R. 6133 “Prompt Decision for Qualifications of Short Sale Act 2010″ that would require lenders to respond to consumer short sale requests within 45 days. In today’s environment, it’s not unusual for it to take 90 days or more to get a response from a lender if at all. The long wait for responses are resulting in buyers walking away from deals out of frustration and leaves a homeowner back to square one with their financial problem. Hopefully this … (1 comments)
business and economy: 10 Reasons To Buy a Home
- 09/20/10 06:37 AM
A lot has been said about the real estate market in the past 2 years. 90% of it was negative. It has become increasingly difficult for homeowners to sell their homes. There’s a lot on the market and many homeowners are unwilling to lower their listing price to the current market value. It’s tough. Sellers need to sacrifice potential money in-pocket and lower their price or keep their home off the market and risk an even bigger loss later from a continuously declining market. However, there is always a silver lining. It’s a buyer’s market! The Wall Stree Journal recently posted … (1 comments)
;)
;)
;)
