More news on "What's brewing in Real Estate"
Fannie Mae program designed to cut inventory concerns some - Faced with a large inventory of empty homes, Fannie Mae has a program aimed at selling its foreclosed homes. The program, HomePath, allows potential buyers to put down as little as 3-percent, but some believe the plan could actually lead to more foreclosures down the road. Valley Realtor Stanley Fosha does admit the Fannie Mae program has an upside. "With the program, there's the ability to get people in the house and get the house off the market which is great for the market, it could stabilize the market, but when it comes to these Fannie Mae homes, you look in any neighborhood and what's the lowest price, the Fannie Mae owned home." Read full article:
http://www.abc15.com/dpp/money/real_estate_news/fannie-mae-program-designed-to-cut-inventory-concerns-some
Real Estate Outlook: Clear Capital - It's no secret that the keys to a long-term housing recovery are a growing economy, more jobs and modest growth in home values. So it's significant that the latest numbers in all three of these area happen to be positive - they're not spectacular, but definitely pointed in a good direction. Last week's national Home Price Index from the real estate data firm, Clear Capital, found that housing values not only have stabilized in most parts of the country, but are gaining in many markets. In Barclays Capital's recent report on the "shadow inventory" of homes with seriously delinquent mortgages that haven't yet hit the REO market, researchers found the total inventory dropped for the fifth straight month. Read full article:
http://realtytimes.com/rtpages/20100913_realestateoutlook.htm
Monday, September 13, 2010
Tuesday, September 7, 2010
Homeowners insurance
I hope you all had a great Labor Day Weekend,
5 things you must know about homeowners insurance
1. Loyalty is overrated - check InsWeb.com and NetQuote.com for better deals. Consider moving your auto policy too; bundling home and auto coverage can cut your total premiums by 5% to 15%.
2. You may have too much coverage - For now, pass on inflation protection and adjust your coverage amount to a more realistic figure.
3. A bad rep can cost you - Insurers check national databases to see what claims you've filed in the past. Those records can be full of errors. Check your insurance report for mistakes.
Read full article to learn more:
http://money.cnn.com/2010/09/02/pf/homeowners_insurance.moneymag/index.htm
5 things you must know about homeowners insurance
1. Loyalty is overrated - check InsWeb.com and NetQuote.com for better deals. Consider moving your auto policy too; bundling home and auto coverage can cut your total premiums by 5% to 15%.
2. You may have too much coverage - For now, pass on inflation protection and adjust your coverage amount to a more realistic figure.
3. A bad rep can cost you - Insurers check national databases to see what claims you've filed in the past. Those records can be full of errors. Check your insurance report for mistakes.
Read full article to learn more:
http://money.cnn.com/2010/09/02/pf/homeowners_insurance.moneymag/index.htm
Monday, September 6, 2010
What is Labor Day
When was the First Labor Day?
According to the Department of Labor, the first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, according to the plans of New York's Central Labor Union. The second Labor Day followed a year later, on September 5, 1883. Labor Day wasn't part of a three-day weekend until 1884, when the first Monday in September was selected as the holiday, as originally proposed by the Central Labor Union, who then urged other labor organizations in other cities to celebrate the holiday on the first Monday of September.
Making Labor Day a Legal Holiday
The first state to enact a bill that would eventually become law to celebrate Labor Day was Oregon on February 21, 1887. Other states jumped on the bandwagon, just a few at first, but more than half of the states adopted the holiday to honor America's workers by 1894. On June 28, 1984 the U.S. Congress passed an act making the first Monday in September a legal holiday in the District of Columbia and the territories. So the idea of a three-day Labor Day weekend was well in place across the U.S. over 100 years ago.
According to the Department of Labor, the first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, according to the plans of New York's Central Labor Union. The second Labor Day followed a year later, on September 5, 1883. Labor Day wasn't part of a three-day weekend until 1884, when the first Monday in September was selected as the holiday, as originally proposed by the Central Labor Union, who then urged other labor organizations in other cities to celebrate the holiday on the first Monday of September.
Making Labor Day a Legal Holiday
The first state to enact a bill that would eventually become law to celebrate Labor Day was Oregon on February 21, 1887. Other states jumped on the bandwagon, just a few at first, but more than half of the states adopted the holiday to honor America's workers by 1894. On June 28, 1984 the U.S. Congress passed an act making the first Monday in September a legal holiday in the District of Columbia and the territories. So the idea of a three-day Labor Day weekend was well in place across the U.S. over 100 years ago.
Thursday, September 2, 2010
Monday, August 9, 2010
Monday, July 26, 2010
Fannie Mae gets tough
Hi all
Here is the newest from Fannie Mae. Click on the link to get the latest news.
Blessings,
Patty
Fannie Mae gets tough on 'strategic' mortgage defaults - Borrowers who walk away from mortgages they can afford to pay — making "strategic defaults" — are running increasing risks that they'll be penalized for doing so. Starting in October, strategic defaulters will be disqualified for new Fannie Mae-backed loans for seven years after their foreclosures. Fannie also plans to go to court where it can to recoup outstanding mortgage debt from borrowers who strategically default. Under a bill that's passed the House and awaits Senate action, the Federal Housing Administration would be barred from insuring mortgages for those who previously ditched a mortgage they had the ability to pay. Read full article:
http://www.usatoday.com/money/economy/housing/2010-07-19-defaults19_ST_N.htm
Here is the newest from Fannie Mae. Click on the link to get the latest news.
Blessings,
Patty
Fannie Mae gets tough on 'strategic' mortgage defaults - Borrowers who walk away from mortgages they can afford to pay — making "strategic defaults" — are running increasing risks that they'll be penalized for doing so. Starting in October, strategic defaulters will be disqualified for new Fannie Mae-backed loans for seven years after their foreclosures. Fannie also plans to go to court where it can to recoup outstanding mortgage debt from borrowers who strategically default. Under a bill that's passed the House and awaits Senate action, the Federal Housing Administration would be barred from insuring mortgages for those who previously ditched a mortgage they had the ability to pay. Read full article:
http://www.usatoday.com/money/economy/housing/2010-07-19-defaults19_ST_N.htm
Tuesday, June 29, 2010
The calander of events for Independance day
It's Fourth Of July!! Celebration time for America.This day America was reborn.So it's time to wish America 'Happy Birthday' also! Put your hands together for the USA! July 4th day History
At the time of the signing the US consisted of 13 colonies under the rule of England's King George III. Leading up to the signing, there had been growing unrest in the colonies surrounding the taxes that colonists were required to pay to England. The major objection was "Taxation without Representation" -- the colonists had no say in the decisions of English Parliament.
Rather than negotiating, King George sent extra troops to the colonies to help control any rebellion that might be arising. The following timeline will give you a crash course in the history that lead to the signing of the Declaration of Independence and America's break from British rule.
1774 - The 13 colonies send delegates to Philadelphia, Pennsylvania to form the First Continental Congress. While unrest was brewing, the colonies were far from ready to declare war.
April 1775 - King George's troops advance on Concord, Massachusetts, prompting Paul Revere's midnight ride that sounded the alarm "The British are coming, the British are coming."
The subsequent battle of Concord, famous for being the "shot heard round the world," would mark the unofficial beginning of the American Revolution.
May 1776 - After nearly a year of trying to work our their differences with England, the colonies again send delegates to the Second Continental Congress.
June 1776 - Admitting that their efforts were hopeless, a committee was formed to compose the formal Declaration of Independence. Headed by Thomas Jefferson, the committee also included John Adams, Benjamin Franklin, Philip Livingston and Roger Sherman.
June 28, 1776 - Jefferson presents the first draft of the declaration to congress.
July 4, 1776 - After various changes to Jefferson's original draft, a vote was taken late in the afternoon of July 4th. Of the 13 colonies, 9 voted in favor of the Declaration; 2, Pennsylvania and South Carolina voted No; Delaware was undecided and New York abstained.
John Hancock, President of the Continental Congress, was the first to sign the Declaration of Independence. It is said that he signed his name "with a great flourish" so "King George can read that without spectacles!"
July 6, 1776 - The Pennsylvania Evening Post is the first newspaper to print the Declaration of Independence.
July 8, 1776 - The first public reading of the declaration takes place in Philadelphia's Independence Square. The bell in Independence Hall, then known as the "Province Bell" would later be renamed the "Liberty Bell" after its inscription - "Proclaim Liberty Throughout All the Land Unto All the Inhabitants Thereof."
August 1776 - The task begun on July 4, the signing of the Declaration of Independence, was not actually completed until August. Nonetheless, the 4th of July has been accepted as the official anniversary of United States independence from Britain.
July 4, 1777 - The first Independence Day celebration takes place. It's interesting to speculate what those first 4th festivities were like. By the early 1800s the traditions of parades, picnics, and fireworks were firmly established as part of American Independence Day culture.
God Bless America
Have a safe fourth of July
Patty
At the time of the signing the US consisted of 13 colonies under the rule of England's King George III. Leading up to the signing, there had been growing unrest in the colonies surrounding the taxes that colonists were required to pay to England. The major objection was "Taxation without Representation" -- the colonists had no say in the decisions of English Parliament.
Rather than negotiating, King George sent extra troops to the colonies to help control any rebellion that might be arising. The following timeline will give you a crash course in the history that lead to the signing of the Declaration of Independence and America's break from British rule.
1774 - The 13 colonies send delegates to Philadelphia, Pennsylvania to form the First Continental Congress. While unrest was brewing, the colonies were far from ready to declare war.
April 1775 - King George's troops advance on Concord, Massachusetts, prompting Paul Revere's midnight ride that sounded the alarm "The British are coming, the British are coming."
The subsequent battle of Concord, famous for being the "shot heard round the world," would mark the unofficial beginning of the American Revolution.
May 1776 - After nearly a year of trying to work our their differences with England, the colonies again send delegates to the Second Continental Congress.
June 1776 - Admitting that their efforts were hopeless, a committee was formed to compose the formal Declaration of Independence. Headed by Thomas Jefferson, the committee also included John Adams, Benjamin Franklin, Philip Livingston and Roger Sherman.
June 28, 1776 - Jefferson presents the first draft of the declaration to congress.
July 4, 1776 - After various changes to Jefferson's original draft, a vote was taken late in the afternoon of July 4th. Of the 13 colonies, 9 voted in favor of the Declaration; 2, Pennsylvania and South Carolina voted No; Delaware was undecided and New York abstained.
John Hancock, President of the Continental Congress, was the first to sign the Declaration of Independence. It is said that he signed his name "with a great flourish" so "King George can read that without spectacles!"
July 6, 1776 - The Pennsylvania Evening Post is the first newspaper to print the Declaration of Independence.
July 8, 1776 - The first public reading of the declaration takes place in Philadelphia's Independence Square. The bell in Independence Hall, then known as the "Province Bell" would later be renamed the "Liberty Bell" after its inscription - "Proclaim Liberty Throughout All the Land Unto All the Inhabitants Thereof."
August 1776 - The task begun on July 4, the signing of the Declaration of Independence, was not actually completed until August. Nonetheless, the 4th of July has been accepted as the official anniversary of United States independence from Britain.
July 4, 1777 - The first Independence Day celebration takes place. It's interesting to speculate what those first 4th festivities were like. By the early 1800s the traditions of parades, picnics, and fireworks were firmly established as part of American Independence Day culture.
God Bless America
Have a safe fourth of July
Patty
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