unemployment: FHA......VA......HUD......all worth looking into to start over with
- 11/24/10 02:16 AM
The market for Real Estate is in a change of flux to put it mildly. I do know that millions of people will be foreclosed on and that the market is shifting. The good news is that these foreclosed upon individuals can now start on their road to recovery to be able to purchase another home in 2-3 years... TIME REALLY DOES FLY In Real Estate, 2-3 years goes rather quickly....By that time, FHA requirements will be met which consist of a minimum credit score and a small down payment and you are able to purchase once again. This should now … (6 comments)
unemployment: FORECLOSURE SOLUTION...... DECLARE IT A NATIONAL EMERGENCY.....
- 10/13/10 02:06 AM
When Hurricane Katrina hit, the government took its sweet time and people suffered. With the recent oil spill, things didn't move fast enough and consequently lots of damages took place. When 911 struck, we moved on that pretty well.....We declared war on two countries. MY POINT: We have an emergency of the highest order........ PEOPLE ARE BEING EVICTED, LOSING THEIR HOMES, THEIR CREDIT SCORES DESTROYED COMBINED WITH RECORD UNEMPLOYMENT AND SLOW or NO NEW CONSTRUCTION Over 11 million people and climbing are in foreclosure. The process to deal with it is defective and bogged down. Using litigation tactics to correct will … (10 comments)
unemployment: RENTAL MARKET HAS IT'S "DOWNTURN" DYNAMICS...TOO
- 09/15/10 01:01 AM
As a result of all the foreclosures in today's marketplace, the rental market has picked up to a degree. People have to have a place to stay. Whether you own or not is not paramount at this point of transition. Between the unemployment dynamic and the housing defaults, it is making the renting of a property to a prospective tenant more challenging for all concerned TWO YEARS AGO.....1 IN 40 APPLICANTS WERE NECESSARY TO FIND A GOOD MATCH Employment was better. The housing industry was not its default peak, and business was below normal but operational in the rental arenas NOW....1 … (41 comments)
unemployment: REAL ESTATE CYCLES...NO RESPECTER OF PERSONS, PLACES or THINGS...Part 3
- 09/14/10 01:55 AM
We have discussed and explored the famous "Real Estate cycle" in Part 1 & Part 2... that refuses to identify itself in the moment, but becomes painfully clear after the fact. Since it will never change its ways, we must change ours and learn from these cycles as they have happened. THEN...apply it to the current cycle and have a better ride.......... Part 3 of 3 REAL ESTATE CYCLES...NO RESPECTER OF PERSONS, PLACES or THINGS...part 3 EVERYONE TAKES A FINANCIAL BEATING OF SOME SORT DURING THEIR LIFETIME.... If you were knocked around, foreclosed upon, and had your credit ruined you are … (4 comments)
unemployment: REAL ESTATE CYCLES...NO RESPECTER OF PERSONS, PLACES or THINGS...Part 2
- 09/13/10 03:14 AM
In part 2 of this subject matter....we continue to see how Real Estate cycles can help you or bury you depending on how you respond or don't respond. They and of themselves, are not the problem. They only report the problem. It is up to us to tap into that data and make it work for us. It can solve problems.....if you listen and learn Part 2 of 3 REAL ESTATE CYCLES....NO RESPECTER OF PERSONS, PLACES or THINGS.....PART 2 HOW DID WE GET TO THIS POINT?......IT HAPPENED SO FAST Home equity line of credits (HELOCS), Negative amortization loans, No document loans, … (11 comments)
unemployment: REAL ESTATE CYCLES...NO RESPECTER OF PERSONS, PLACES or THINGS...Part 1
- 09/13/10 01:49 AM
We are in our 18th Real Estate cycle. That means we have had 17 other cycles that we can study to see how we can navigate and mitigate through this one. Yet, this one plagues us, even toys with us, and mocks us for being irresponsible with the systems and the previous data..... Part 1 of 3 LET'S EXPLORE PART 1 OF REAL ESTATE CYCLES ARE NO RESPECTER OF PERSONS, PLACES or THINGS. I am amazed at the deep impact the failing Real Estate has had for each one of us, but for the States and our country and then well … (4 comments)
unemployment: REAL ESTATE & THE POWER OF PENT-UP DEMAND..........relax it works.......
- 08/28/10 02:28 AM
I know we are going through some interesting times that try people and their circumstances right to the limits. The uncertainties about the future abound creating fear, panic, despair, and loss of hope. This is not the way to go and.... is far from being accurate. Why is it that after having 17 previous Real Estate cycles, we have not come to respect them or understand them. Each cycle has its own dynamic. But here is the point of this post that connects them all. The one thing that drives, dominates and finally prevails in the end is............. THE POWER OF … (8 comments)
unemployment: MISCELLANEOUS REAL ESTATE and other....NEWS to think about #2
- 08/06/10 02:10 AM
1. People are spending less because they are making less. If they do not spend, how can demand for goods go up. If demand for good does not go up, unemployment most certainly will. 2. Extension of unemployment benefits have to be done. It keeps money moving into people hands who move it into other peoples hands and so on... 3. The human psyche is so fragile that if we do not think or feel good about something, it goes no farther than. So, people who are currently employed are not secure or happy in their jobs during this recession. Consequently … (4 comments)
unemployment: CREDIT SCORES....TAKE NO PRISONERS.......EAT THE WOUNDED..... WHY?
- 07/28/10 11:22 AM
As we TRUDGE through this economy accepting the failure of Real Estate, the dispossessing of tens of millions of people from their homes, from historic job losses, failed stock market ventures, record bankruptcies, and Acts of God such as earthquakes, oil spills and hurricanes, IF THAT IS NOT ENOUGH.......Our systems have finally and I believe fatally been turned on US......or our fellow man...his family, wife & children. We have successfully blemished and black-marked everyone who has defaulted on their line of credit. Oh, not just a slap on the wrist mind you, but when we punish, we do it right....all the … (12 comments)
unemployment: RICHIE--GRAM......MISCELLANEOUS REAL ESTATE and other....NEWS
- 07/15/10 12:42 PM
I read quite a bit of different news articles from various sources all week long. I start out with three newspapers every morning. Then, once a week, I read 10-20 different magazines at the local book store that cover a wide range of topics. All this helps keep me current and able to comment with people on different subjects and also keeps me on the sharp edge of my profession and hobbies and things of interest..... Some things for your consideration....... 1. Unemployment continues to plague us all both locally and nationally. This directly affects the buying power of the first … (8 comments)
unemployment: DON'T PANIC.......ITS ONLY ME...........THE BOTTOM OF A REAL ESTATE CYCLE.........
- 04/05/10 09:32 AM
There have been 17 previous Real Estate cycles prior to this one. All of them look, sound and feel bad toward the bottom and at the top, people are so happy to own Real Estate. However, this one is inflicting a lot of collateral damage as it cycles through. Instead of everyone getting by, now tens of millions are not doing so well. So much happened so fast. Also, the changes that are taking place in the Real Estate industry are redefining the way we will do business for years to come. The problem may be that we may not have … (5 comments)
The market for Real Estate is in a change of flux to put it mildly. I do know that millions of people will be foreclosed on and that the market is shifting. The good news is that these foreclosed upon individuals can now start on their road to recovery to be able to purchase another home in 2-3 years...
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