This from a recent article from David Streitfeld of the New York Times.
The program will offer a cash payment to the home owner, as well as to the servicer and second-lien holder; and protect borrowers from future lender lawsuits for the unpaid mortgage balance.
To curtail fraud, lenders will have to consult real estate practitioners to assess home value and minimum acceptable offer; they then must accept any offer that is equal to or higher than that.
Source: The New York Times, David Streitfeld (03/08/10)
I just wanted to send out a “Happy Labor Day” to all of you who have worked so hard this year. Take the day off and relax or spend it with your loved one’s at the beach, park, movies, or at home with a nice barbeque!
Mark Willis, CEO, announced today during his state of the company address that Keller Williams is ranked highest by J.D. Powers and Associates for highest overall satisfaction among home buyers for two years in a row! This is proof positive that Keller Williams continues to outperform the industry.
œKeller Williams is rising to No.1! The longer the downturn lasts, the stronger Keller Williams emerges. Year to date, NAR™s membership has dropped by about 10 percent, while Keller Williams agent count has incresed by 2 percent, said Willis.
Why is it Keller Williams continues to power ahead in gaining its œunfair share of the market? States Willis, œUnified training, unified leaders, a unified culture, and a unified economic model.
I just read an article in the Los Angeles times regarding a insurance company offering insurance to fantasy football owners. Is fantasy football that important to people that you buy insurance policys. I mean this sounds a little to crazy for myself and I for one enjoy fantasy football. But I much rather spend money on my family then to insure a player on my fantasy roster.Yeah I could just hear my wife when I call my insurance company asking them how much will it cost to insure Drew Brees! Hell I think I’d rather have insurance on my dog!Note to fantasy football owners: Save your money especially in a down economy!
Sales of new homes surged 9.6 percent in July, another sign the housing market is climbing back from the historic bottom it reached early this year. Driven by falling prices, the fourth-straight monthly increase was greater than expected.
The Commerce Department said Wednesday that sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. Sales are now up more than 30 percent from the bottom in January, but are still off nearly 70 percent from the frenzied peak four years ago.
The median sales price of $210,100, however, was down slightly from $210,400 in June and was off 11.5 percent from year-ago levels. Prices are still up from March’s low of $205,100.
Last month’s sales pace was the strongest since September and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 390,000 units.
In a kind of Cash for Clunkers effect, homebuyers are rushing to take advantage of a federal tax credit that covers 10 percent of the home price, or up to $8,000, for first-time owners. Home sales must be completed by the end of November for buyers to qualify.
Builders and real estate agents are pressing Congress for that credit to be extended. If it isn’t, sales could reverse their upward trend.
Even though your life is packed with activities and obligations, it is essential to nurture your child by spending quality time with him/her. Here are four simple suggestions for fitting quality time with your kids into your busy life.
1.Read to your children “ they love reading time, and it promotes good reading and learning skills. Plus, making it part of your child’s bedtime routine helps them settle down and fall asleep.
2.Turn chore time into quality time by making a routine chore a job for two. You™ll build camaraderie while teaching your child responsibility and teamwork.
3.Play board games such as Monopoly or Candy Land with your kids. It™s a fun way to share quality time!
4.Create a hobby to share with your kids – or try an activity that interests your child.
Make playtime a commitment by scheduling it in your calendar. You™ll find that spending quality time with your kids not only enriches the parent-child relationship, but also gives you time to simply enjoy each other™s company.
Our kids grow up too fast and before you know it we are grandparents! Whew, where did time go?
Here is some promising news!
Home prices posted their first quarterly increase in three years, signaling the housing market has turned a corner.
Home prices are at levels not seen since early 2003. Prices have fallen 30 percent from the peak in the second quarter of 2006.
The monthly index of 20 major cities increased 1.4 percent from May to June to 142, the second straight month the index registered a gain. All but two cities, Las Vegas and Detroit, saw home prices rise, and Dallas and Denver clocked their fourth-straight monthly increase.
Prices, however, have a long way to go to recover completely. Every metro showed annual declines, with fifteen reporting double-digit drops.
Let’s hope this is a start of something positive!
Homeowners in distressed in Southern California. I have some great news for you today.If you are having a difficult time making your mortgage payments and are facing foreclosure I want you to know you have many great options available to you.My first hope is you are trying to reach an agreement with your lender to keep your home. I wouldn’t want to see any family lose their home. If you haven’t made an attemp to arrange an agreement with your lender, do so right away. Time is not on your side!!However, if you haven’t contacted or made arrangments with your lender I want you to know there are options available for you. If you would like more information on these options, please do not hesitate to contact me at 562-715-3454. I would love nothing more than to try and help families save their homes and not let them go into foreclosure. This is a FREE consultation. You are absolutely under NO obligation to use our services. Don’t wait. Call me today!
One reason why we have such a highly populated state here in California is our great weather. We as Californians are blessed with our year round weather. Tempertures average in the 70′s year round. This brings many people from all over the world not just the United States to California. Sometimes this causes lifelong residents from here in California to move out to other less populated states. Taxes of course can also be a reason for some Californians to move to states where there is no state taxes. If you, yourselves are thinking of moving to a different area of California or another state, call me anytime for a free consultation. I’d love to earn your business when it comes time for you to make a move. Also, if you know anyone thinking of buying or selling a home, feel free to pass my name on to them. I have what I call my “Rewards Program”. Basically how this program works, anytime you use my services or you refer me to a buyer or seller I reward you with a cash reward! Many different ways to earn rewards so call me at 562-715-3454 or email me with any questions to email@example.com.Thank youErnie Juarez – Realtor ®Keller Williams Realty562-715-3454″Let My Experience & Success Work For You”
I’m switching gears a little here today because something very disturbing happened yesterday to a Dodger pitcher. I’m not sure if you seen the highlights of yesterday’s game between the Dodgers and Arizona Diamondback. Hiroki Kuroda was hit by a line drive right on the side of the head. That ball hit him so hard it went backwards all the way to the back stop. My opinion on this is all pitchers from little league to major league baseball should wear a much more protective cap than the other fielders on the field. These balls are hit way too hard to even have time for pitchers to react. I think it’s time for somebody to design a much more protective hat for these pitchers. Something light weight but much more safer for these guys. Kuroda could have been killed last night. I’m praying for this guy to make a full recovery not so much to see him pitch successfully for the Dodgers but for his health. David Wright of the New York Mets was hit by a pitch yesterday too and he was wearing a batting helmet and still has a concussion. So this is a serious matter to consider. Softball pitchers are much closer from the mound to home plate and nowadays these girls hit that ball hard! I hope something is done soon because one of these days somebody is going to get killed out there. To Hiroki Kuroda and David Wright, the two players who were injured yesterday, my prayers are with you both.