Paul's Blog

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Real Estate Agent - Benchmark Realty - TN 288457
Real Estate and mortgage information including relocation, foreclosures, loss mitigation, short sales, investment property new home sales and exisiting home sales. We specialize in complete real estate services for Buyers and Sellers in every stage of the real estate world!

ARCHIVED BLOG POSTS

2008 

Who benefits from this cut?If you have a loan that is directly tied to the Prime Rate, you will see an immediate benefit. Home equity lines of credit (HELOCs) and variable rate charge cards are the types of loans that will have an interest rate reduction on their next statement. What does this me...
01/31/2008
Four years ago I started working with distressed home owners who had suffered a short term dose of bad luck. In helping them re-work their loans wit the bank I made friends, received referrals and was ahead of the times for once..See the article in DSNews on new Loss Mitigation legislation coming...
01/31/2008
As we come to the end of January it is almost surreal what we have seen as begin this new year in real estate. The stock market is trending downward, the Bush Administration finally realized there is a problem with the economy and Bank of America will soon be the largest single home mortgage comp...
01/27/2008
This BLOG is not meant for a seasoned agent or investor, it is a basic explanation of the differences between the two types of foreclosure sale properties.  HUD Homes  Housing & Urban Development owned properties obtained primarily through the default of an FHA or VA Loan and in some rare cases g...
01/27/2008
 I have been BLOGGING about this for over a year. How long does it take for our government to truly react to a problem they created when they tried to protect banks?We hear so much about the evils of sub prime predatory lenders, how about the credit card companies who lobbied Congress for a decad...
01/25/2008
 Is it just me or does it seem that we never hear the major news networks lead off with a positive story. For weeks we have heard about the foreclosure rates rising again an again. Nationally they did rise with the last nation report shows a 2% increase as on October 2007.U.S. Foreclosure Activit...
01/25/2008
Will raising the Fannie Mae and Freddie Mac Lending Limits Help? Not until we get an across the board minimum limiy of at least $450,000 for FHA. The people who are credit damaged and or lack credit need FHA limits to allow them to buy decent houses anywhere in the country. Our current NAR Presid...
01/21/2008
As the Chairman of The Federal Reserve spaeaks about "Juicing the Economy" are we as Americans looking to what the long term will bring. If we keep making the dollar so easy to borrow as a short term stimulus to our econmy are we not devaluating the currenct abroad making foriegn products cost mo...
01/21/2008
We'd all know exactly how to react if we had that mythical crystal ball. We don't. But we do have years of stock market history to tell us most of what we need to know about the mindset we need to adopt in 2008.2007: The Tale of Two MarketsThe first half of 2007 trended up and had some of the low...
01/14/2008
More than a year after the housing downturn hit Middle Tennessee, home prices are holding steady and in some areas rising, leading some observers to predict a turnaround in the local market by the summer.Home sales plummeted throughout 2007, with December sales posting the most severe year-over-y...
01/13/2008
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Paul Moye

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