Archive for October, 2009

Why has Halloween grown into the second-most-profitable seasonal even, after the colossus Christmas? Halloween has become a huge party holiday. Many experts say that Halloween sales can be an early indicator of consumer confidence entering the critical shopping season at Christmastime, when many retailers generate more than a quarter of their annual revenues. And this [...]

1  – Reinstatement of the loan when brought current
2  – Forbearance or re-payment plan
3  – Sell the property
4  – Rent the property
5  – Refinance
6  – Mortgage Modification
7  – Short Refinance
8  - Deed in lieu of foreclosure
9  – Bankruptcy
10 – Service Members Civil Relief Act (SCRA)
11 [...]

Chipping and peeling paint on homes built before 1978.
Roof must have 2 year remaining useful life.
Proper drainage away from foundation.
A/C must work, hot water heater must work.
Toilets must flush and all plumbing fixtures work WITHOUT leaking -drains especially.
Must have flooring.
Must have range/oven – often a lender requirement.
All utilities must be on. If not it will be a [...]

Jonathan J. Cooper – Jul. 30, 2009 Associated Press
PHOENIX
Each time Lance and Kelli Thorson thought they had found their first home, someone would outbid them. It’s already happened at least 15 times.
This wasn’t how it was supposed to be in a depressed housing market like Phoenix. Buyers are supposed to be able to walk in [...]

Despite roadblocks, workarounds exist
Ilyce Glink, February 11, 2009.
As 30-year mortgages continue to hover around the 5 percent mark, interest in refinancing has remained high. But even as some homeowners seek to trade in their adjustable-rate mortgages (ARMs) for fixed-rate loans, or combine first and second mortgages into one loan with a lower overall interest rate, [...]