Real Estate Coffee Shop

Smoke Screening Illegal or Legal

2010-04-01T14:08:00.001-07:00

Smoke Screening Illegal or Legal

What is really going on with the truth of our Country who really represents the regular people? As stated in the constitution we are all created equal! Is this truth or a smoke screen? My definition of ALL is more than one! Not separate classifications. Follow me now because this gets rather tricky and I need for you to follow every word I’m attempting to get over to you as being of equality people. We are equal however the law does not apply to a certain classification of people; I am in reference to those whose bank accounts supersede the average digits. As we all know we have suffered one of the biggest recession periods known to mankind. Not only has it crippled our economy but it has also crippled dreams, hopes and goals……to the regular people. Yes the regular people! What is the definition of Regular People? The closest none Webster term I can fine is “People not born into wealth” it already sounds like a separate class to me. So back to equality, yes we are all created equal in the image of God but yet the powerful and so call law makers has divided the classification into Rich, Middle Class and Poor, there Goes equality out the door.

With this said; this blog is intended for the Regular People. The collapse of today’s financial market did not happened because of Regular People, it happened do to a certain classification of people decided to continue to find ways to deceive those without! To bait and switch the Regular People into their foolish and greedy ways. Like my mother always say it was going on back in the days when Jesus walked this earth. The United States has the highest unemployment rate, health care is a joke, the homeless rate is growing by the multitudes and the rest of the American pie is being gobbled up by a certain classification.

Do we call this the American dream or a Smoke Screen? After reading a piece today in the AP (Associated Press) I cannot believe Tim Geithner and the rest of the political entourage can honestly say they are really concern on what’s going on in these trouble times. We’ve heard most of this fall out has happened do to the subprime market (Regular People Market) meaning people who purchased things with private monies(100% Mortgage Programs) my question is? did Regular people create this candy shop? I believe it was the banks and government bullies who created these problems. Now don’t get me wrong “Yes I firmly believe there were some who bit off more they can chew” but you cannot blame them for wanting a piece of the American dream. When you dangle candy in front of a little kid who loves sweets and this child has no resources to purchase this candy it’s called an opportunity for this child with no money to grab it and run. The subprime market is not even a drop in the bucket on what really caused the current financial failure. You have tanked 401ks, junk bonds which were junk from Jump Street, Tricky worthless bonds, commercial real estate failures, oversea tensions mounting and the list keeps going and going and going. This is the root cause of our major calamity I dare a challenge on this issue.

But know this greed has no heart, brain or cautious; it bears no difference between right and wrong. It’s like the energizer bunny; it keeps going and going and going. Now the Euro as fallen like a rock, the GDP is at a standstill, the unemployment rate is still high, no job creations, oil is creeping back up, in fact a barrel of oil is almost at the $85.00 a barrel; so watch out for rising inflation its right around the corner and yet the dollar is getting stronger! OK wake me up when you’ve had enough. Here’s the real capper, since there’s been positive movement here lately in the markets, the hedge funders are creeping out the wood works again like roaches oh it gets better. Now you have annalist out there saying it’s a great time to jump back in the markets, wow let me get bit by that same pit bull for the 100^th time.

Listen Regular people, this is not an equal right opportunity here; the same thing is about to happened again so quit chasing the American dream, chase your own dreams be smart with your monies. Starts doing your research on these markets become more resourceful with what you have. This government rather it be democratic, Independent, Republican, Tea party or whatever else that is out there do not have our special interest. Don’t take it from me, but the bait and switch is on the horizon again and it’s due time to take control and start doing what is best for you and your families.

Remember there is 9 Trillion dollars which is unaccounted for; have the Regular People horded these monies?

Remember the law does not apply to greed! How can Tim Geithner be concern about these troubling times, when it’s known fact he was the President of the Federal Reserve and failed to do nothing but to vote for the Tarp Fund…Oh wait a minute Regular People did you not know that the federal reserve is not a government entity...It’s Private Rich People Money, oh yes the plots thickens every day. As Spike Lee would say Wake UP!

http://www.globalresearch.ca/index.php?context=va&aid=10489

http://www.google.com/hostednews/ap/article/ALeqM5i2Rvbv1J7z6cHV_l3BDb3qGpRUewD9EQCMB83

Rhetorical Reminder

2010-03-30T15:58:00.000-07:00

Will you be ready financially for the next economic roll coaster ride again. When deciding how to invest your monies it is important do your research, make sure you ask plenty of questions; there’s a saying there is no such thing as a dumb question. In real estate there are risks to consider as well; you can say it’s almost like playing the stock markets. What do I mean by this? Currently most homes have declined in value like the Nasdaq, NYSE, 401k’s and other markets. Most investors who lost in the market were armatures and simply investing because some investor stated he or she made thousands. Well the same with the housing market ,some purchased homes without a plan and purchased simply because there were plenty of 100% financing and options arms and trying to keep up with the Jones’s. Some did not understand what they were getting into. This short editorial is not to condemn or to make one feel horrible, it’s intention is to educate. There are a lot of variables when it comes to purchasing real estate and only a true real estate and mortgage professional will know. Remember do not bite off to much you can chew. When considering to purchase a home take baby steps. If you are a first time home buyer start of small, get the feeling on what it takes to maintain a home. Get use to making a house note. Let that small affordable home gain equity, know when to sell and move closer to your ultimate goal. A great example is Warren Buffet, he buys in small, he knows when to sell and knows if it sounds to good to be true he leaves that stock alone.

Is It The Right Time

2010-03-24T15:45:00.000-07:00

The most common question asked in these challenging times; is it the right time to purchase real estate? Have we seen the bottom of real property pricing? I would like to say the answer to that question is yes! But when it comes straight to the point, are you the consumer in a position to take advantage of some of the wonderful opportunities which are out there. After the collapse of many financial institutions, fraudulent lending practices and stricter guide lines, it can be rather difficult to obtain a mortgage a loan even with prefect credit scenarios. Investing your hard earned money into real estate or the stock markets requires common sense and moral comprehension.

In all truth no one can be absolutely sure on when it's the right or wrong time to invest. Investing is a gamble no matter if its real property or stocks, most answers come from market trends. Your positioning determines everything, no matter if you are passive or an aggressive investor. If you want to purchase a home ask yourself when entertaining the idea; will this home be for primary purposes or as an investment, these two questions are important when making a loan decision. Coming from my professional point of view, real estate is still the safest investment you can invest in. However it comes with many risks, so this is where your research comes into play.

As mentioned before there are great opportunities out there, we are witnessing some of the lowest rates we have ever seen. Rates are hovering around the 4.875% and 5% APR however this will change, when? I cannot say but these rates will change and most likely to be in the high 6 or 7% when changes do occur. http://www.bankrate.com/

The first time homebuyers tax credit is still in effect, but this credit will end in April of this year unless the government chooses to extend it for a third time. http://www.irs.gov/newsroom/article/0,,id=215791,00.html

Your credit! Most lending institutions will not lend with a credit score under 700 however as of March of 2009 FHA credit score requirements are 620.

Keep in mind the FHA process can be rather lengthy, so be prepared for a slow closing if you choose this option but if you have imperfect credit this is the best way to go.

The down payment requirements for an FHA loan is 3.5% so this is really helpful for those who are tight on closing cost and other charges if any.

http://mortgagedfuture.com/fha-increases-minimum-credit-score-requirement/

To sum up the question IS IT A GOOD TIME TO PURCHASE? The answer is simple; if you are in a great position then the answer is Yes.

Keep in mind to do your research when choosing your mortgage or real estate broker professional it's essential to have a professional who will get the job done with great ethics and knowledge of the real estate market current market trend.

In the end you the consumer will be paying the monthly mortgage payment, so it pays to do your research in order for you to be satisfied.

If you are in need of more advice or have any questions please do not hesitate to email me, I will be happy to answer any concerns you may have.

michael.mosely.hillsiderealty@gmail.com

CLOSE YOUR TRANSACTIONS WITH EASE

2008-12-02T15:36:00.001-08:00

Happy Holidays to All,

This has been a challenging year in getting most residential and commercial deals done in an efficient manner. Being apart of a strong network of honest lending firms, I have a somewhat solution for your lending needs for both residential and commercial needs.

I work closely with a firm which will provide reality answers to realistic scenarios. If you are having challenging times getting transactions funded, this maybe your answer, without shopping each deal one at a time. This is an opportunity for you to submit your commercial loans with ease; while allowing you to maximize your revenue potential. We are able to offer over 8,100 different loan program options with the use of SNAP our proprietary software to process your loans. These multiple options allow you to submit a loan once, with one lender, which eliminates the need to shop multiple lenders. This option provides simplicity to the submittal process and provides more choices for you and your clients.

With this automated system, we can get you and your clients’ conditional approval or an underwriting decision with in 8 business hours of submitting your loan package. My goal is to make things simpler for the 2009 for you and your clients. For more information please contact me via email mmcommercialdeals@gmail.com or michael.mosely@alltrustrealestate.com let’s make next year a successful one, with this system I will guarantee you and your clients will be satisfied with my services.

From my desk to yours I am wishing all HAPPY AND SAFE HOLIDAYS….

What's behind curtain no.1

2008-10-27T18:41:00.000-07:00

I find it rather disturbing when our top executives, politicians and other top officials try to sugar coat critical issues. With that said, I ran across an article which explains the so called modification program, what’s very interesting is; when this program was initiated, it was intended to help those struggling with their current over priced mortgages. The program was designed to prevent foreclosures and lower rates. “Well, here we have the old bait and switch again". Of course it’s nothing new since the announcement of this program, but I would like to know who is really calling the shots, is it the banks, or the government? How can the banks say we will do what want, when the government is the author of the program?

The last thing that lenders want to do is forgive debt. Last month, executives from the four biggest mortgage servicers testified before the House Financial Services Committee, and all of them made it clear that they would exhaust all loan-workout options before considering debt forgiveness, which in banker lingo is called "principal reduction."

An executive for Bank of America told the committee that his bank would consider debt forgiveness for people who already are in the process of foreclosure. A Wells Fargo executive, Mary Coffin, said, "We have found that the same affordability can be reached through a 2 (percent) to 3 percent interest rate reduction and term extension, as can be reached through a 25 (percent) to 30 percent principal reduction."

In other words, Wells would rather reduce the interest rate for five years, and extend a 30-year loan into a 40-year loan, rather than forgive some of the debt.

If a lender can be persuaded to participate in Hope for Homeowners, here's how it would work: The lender would forgive all the debt over 90 percent of the home's currently appraised value, and allow the homeowner to refinance with an FHA-insured mortgage.

For example, let's say someone owes $125,000 on a house that has lost value and is now worth $100,000. The owner can't afford the higher payments because of a rate adjustment. The lender would forgive $35,000 of the debt, allowing the owner to refinance with another lender for $90,000. That loan would be insured by the FHA, and would have an upfront FHA insurance premium of about $2,700. In most cases, that $2,700 would come out of the hide of the old lender, on top of the $35,000 in debt forgiveness. Faced with these figures, some lenders might figure that it might be cheaper to foreclose.

Still Need Help.....

2008-10-16T17:30:00.000-07:00

Will this new bail out program help you the average citizen? Or was it design to continue bailing out the same banks and investors etc.etc.etc. I was reading a piece about a gaping hole which remains a mystery in the bail out. Under the new bail out bill; it failed to implement any type of down payment assistant (DPA) for the first time home buyer or others who may want to purchase a home. You would think if our government was genuinely concerned about all citizens, they would have come up with revised programs for qualified buyers. In my opinion this bail out wasn’t designed for consumers, more or less it was about saving their buddies bank accounts, hedge funds, and certain political advancements. Many have no clue on the importance of real estate, it’s very vital to our economy. No jobs, no real estate movement, Inflation on the rise no real estate movement; and with all of the down payment assistant programs getting tossed like yesterdays trash, I’m afraid we are going to still witness a weak real estate market if incentives and/or assistance programs aren’t implemented back into the consumers main stream. To clarify assistance programs so many won’t misinterpret this classification, these were programs designed by private companies to help with the purchase of a home.

Before these programs disappeared Oct 1^st of this year, programs such as the (GAP) Grant America Program, Acorn and Nehemiah just to name a few; were created to assist consumers with assistance with their down payment or closing cost if the consumer was short of funds; the granted amount was 3% of the loan amount. These programs were not loans but rather gift funds with limited stipulations which were offered by private entities. As we look closer, interest rates are rising rather quickly, as of today for a 30 year fix rate you are looking at 6.5% vs. a week ago rates were hovering around the 5.98% range. Suggesting a hand out is not the language I’m trying to use, I’m merely suggesting bringing back the programs which worked well with FHA, so our first time home buyers and others can purchase homes to soften our inventory overload.

Having the amount of homes just sitting there, is equivalent to having an aircraft grounded. Without that aircraft flying, carriers will not make money; it’s useless to the fleet if they can not get this craft back into active service. Let’s see what happens in the next couple of weeks, I wonder how long will it take for these politicians to realize something needs to be done about this and how urgently they need to address this sinking ship.

http://www.mortgagemag.com/news/2008/1001/

Econmic Crises Opinion

2008-10-10T17:44:00.000-07:00

Many are going back and forth with the finger pointing blame game; regarding our economical and mortgage break down. I find it ironic when a positive issue surfaces everyone is fighting to be the author, yet when a negative situation arises no one wants admit to blame. I entered mortgage industry October 18, 2000. It was the happiest day of my life, having the privilege of helping others with their dreams and goals had me on top of the world. What I later came to know was some agents were not too concerned about quality but more interested in quantity. I have never witnessed greed like this in my life. My broker at the time did not care about how you got a deal done; points were the limit - CHARGE IT UP! I made a decision to remain with this particular broker but not for those reasons. I chose to stay to learn more about the business and to gain hands-on experience on real estate and language. Once I accomplished that, I left. I worked for other brokers who shared that same disturbing concept; it’s not about quality but quantity. Finally, I found a broker who had the same ethics as I; treat all customers with integrity and respect. Extend that to all and referrals will soon come, and they did. I have been with this broker for the last 3 years and proud to say we have never had a loan to come back and bite us in the end.

We are in theses crises because of some real estate brokers forgot the words FUDICARY DUTIES! Some real estate sales agents and mortgage consultants forgot the words, DUE DILLIGANCE. We had these so call professionals who entered the market with the pure intent to gouge clients in points to gain higher commissions. They knowingly placed their clients in unaffordable mortgages and placing them in danger of loosing their homes from day one. Some mortgage companies had their own chop shops altering documents so loans could close, “just to meet quotas”. I am appalled to hear and see how this has shifted over to the consumer’s fault; of course there is a small percentile, who knew they could not afford a mortgage but assumed a mortgage anyway. After working in customer service for over 25 years, I’ve literally seen customer service practices vanish and highway robbery took over like wild fire.

Being in this business we all have a moral obligation to learn from this mess; from our government, financial advisors to crooked mortgage consultants and sales persons, brokers, banks and Wall Street. These are the main players who created these deceptive practices. Most 100% and option arm products which were offered should have been on A paper only, not subprime. If you are disagreeing with this statement then please comment on why are AIG and Meryl Lynch and others are in dire predicaments including wall street? These companies and institutions have been around for decades. This all came with the “changes of the guards”. Who are the guards you ask? Leave me your email address and I will tell you. The bottom line is we all need to be our brother’s keeper. We all need to keep in mind how we would we feel if it were our family members being cheated and/or robbed out of their life savings. Of course this only applies to the ones who have morals.

http://www.cbsnews.com/video/watch/?id=4511476n

http://www.nationalmortgagenews.com/washington/

Stock Market down/ investor opportunity.

2008-10-08T16:18:00.000-07:00

I would like speak on an opportunity which will maximize your cash flow within a short period of time. I’ve came across an offering which is unique and benefiting to you the investor. The proposed term on the project is approximately 14 months, you can earn 25% on cash or cash flow- monthly is based on 18% annual interest.

A little about the project, Lima Peru is one of the fastest growing cities in South America. This country has out performed and still out performing most well known countries, including the United States, the country has a 0% deficit which is very attractive to investors and business ventures such as ours. Our company purchases land, and partners with others to build condominium complexes and other developments, the loan you make will be a recourse agreement, reducing the risk - with high interest, keep in mind any business opportunity has risk, but this opportunity is backed by sound business practices, making it less risky. These properties are being built in prime locations with pre-sold tenancy as well.

The interest is paid out in two ways; both of them preferred to clients. You get an 18% annual preferred return, paid in monthly checks or receive 25% ROI after completion of the project. **NOTE** both of these are preferred returns-the project sponsor makes nothing until you the investor has recouped your returns.

For further information please contact me at mmcommercialdeals@gmail.com or michael.mosely@alltrustrealestate.com I will be more than happy to assist you in getting started to maximize your monies. To learn more now! please joint our webinar presentation.

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Bail Out The Regular People Please

2008-10-07T11:40:00.000-07:00

Why is it so difficult for many to tell the truth? Why do people in this society insist on treating others unjustly? We are all aware of the devastation of our current economy; a fate we have not experienced since the 1930’s. As a direct result, our highest financial institutions fail us as does our government -- “asthma pump please!” These financial institutions and our government should have created an Amber Alert billboard. When your monies are being lost or misappropriated lights will begin to flash followed by a illuminated message: We are SORRY but we are broke! We are SORRY for everything. We are SORRY for not addressing serious problems in an efficient an urgent manner. We are SORRY for not regulating Wall Street, Futures, Politicians and all other control modules. All of these issues continue to severely affect the average 9 to 5 workers, struggling single parents, college students barely making ends meet, basically everyone.

A great many people have lost money in these markets. Many have lost their jobs and some, their homes too. Some are forced to make complex decisions; having to chose paying bills over groceries, gas money over childcare, daily necessities over mortgage. The people forced to make these decisions are unfortunately classified as REGULAR PEOPLE. Umph! Now this is a bit disturbing. Let’s take a closer look at this equation. I find it funny how people with money can insert demographics and laws, yet these are the same people who are getting away with financial capital murder. And to make matters worse, very few are being brought up on charges. The cliché holds true; people with money can manipulate regular people and the system AND get away with it.

If we, the regular people, even considered pulling anything like this in an attempt to cause financial havoc on the RICH, we would be serving 50 years to life. Of course there are different factors which contributed to these uncertainties in our nation’s economy; however the main ingredient in this MUD PIE is greed, pure outright wicked greed. How does one let a company wither away and yet still receive a 400 million dollars? How can one commit fraud and still get a 30 million dollars signing bonus to accept a position as CEO at another company? How is it that CEOs of various companies are capable of selling their stocks worth millions and leave their stockholders clinging for dear life? I am finding out PRINCIPLES do not matter anymore. Once upon a time this word had meaning. If we are too set back to examine these financial crises, it is almost as if we are all in Vegas without actually being there. It is as if we have been shooting craps for the last five years and now the HOUSE WINS! POLITICIANS, BANK EXECUTIVES, LOBBYIST, SIDE KICKS…….yes my friends we, the REGULAR PEOPLE, were taken for a ride. Now who will do the time? It will be the regular people.

http://www.foxbusiness.com/story/markets/economy/fed-chief-economic-pain-come/

Mortgage Tips

2008-10-01T21:43:00.000-07:00

The opportunity is here for first time home buyers, even in this down turn economy. Have we seen the bottom of home prices, good question, I would consider that to be million dollar question, which deserve a million dollar answer. Most experts say yes with an equal number of them sayings "No." Either way the deals of a lifetime are here. Rates are holding pretty steady, even with the economy in bad shape, you really can’t complain. Today’s rates are holding at 6.09% for a 30 year fixed conventional loan, 5.77% for a 15 year fix, 6.02% for a 5/1 ARM. The 5/1 ARM is adjustable after 5 years, the first 5 years are a fixed rate, I recommend if you are choose a program like this, start researching refinance rates on the 4th year (“Think Ahead”). The benefits of buying now are pretty simple; homes are a lot cheaper now, qualify for a FHA home loan with a minimum credit score of 580 and it’s the perfect time to purchase that investment property you always wanted for your investment portfolio.

When choosing a mortgage program, choose the one which is right for you, have your loan consultant or broker explain the differences, among the many programs that are out there. A good loan consultant always asks a lot of questions from their clients, such questions as; how long are you planning to be in your home? Is this an investment property or primary property? How much down payment will be used? Often the normal down payment is 10% on a primary property and varies 15 to 20% for an investment property. However these are examples of what a loan consultant should be asking; without gathering these important facts, it could cause serious consequences in the long term. With that said, stay away from promises, if it’s sounds to good to be true, then remember you as the consumer need to start your due diligence process in researching the facts. It’s nearly impossible to quote or promise a rate to a potential borrower, without the pre-qualification process in place. Remember this purchase will be yours for at least 10-20 years of your life; make sure you protect yourself, if you do not know! then don’t sign.

For futher tips or information please email to mmcommercialdeals@gmail.com or michael.mosely@alltrustrealestate.com

http://www.bankrate.com/

http://www.foxbusiness.com/story/markets/senate-passes-b-bailout/

HOME OWNERSHIP WITH NO CREDIT CHECK

2008-09-30T12:29:00.000-07:00

Greetings to All! Rather than commenting on the negative trend which took place in our markets today, I would much prefer to offer a positive outlook to those who have experienced foreclosures, short sells, and/or those with challenged credit. Of course, I may return to that topic later.

I have come across a program which will allow your dreams of becoming a homeowner a reality. If you have at least 20% for a down payment, have an additional 3% for closing and other associated fees, you can be a proud home owner “with a fixed rate” again. Yes, the rates will be somewhat high, the important focus is this fact, that there is a possibility of becoming a homeowner again. Because this program is offered through private investors, their qualification process is less rigorous. What do I mean???? Well banks pull and check your credit, THIS PROGRAM DOES NOT. Banks require reserves, THIS PROGRAM DOES NOT. In essence, there are no credit requirements and/or reserve requirements. The down payments and rates fluctuate with the purchase price of the home. The down payment are between 10% & 20%. Properties which are exempt are mobile homes, manufactured homes or any structure is not attached to a foundation.

The program is defined as the following; once an application is received and the formal approval is issued, two separate transactions are executed. First, the investor which is assigned to the transaction takes out a conventional mortgage loan and purchases the desired property. Immediately following the closing, the investor provides the property back to the applicant in the form of an option note. While the property is initially titled to the assigned investor, the entire transaction between the investor and the applicant is placed in what is called a Intervivos Land Trust. Each transaction is facilitated in this manner and is placed in a separate trust. This programmed is guaranteed if applied for, you will not be turned down. By placing the finalized transaction between the investor and the applicant in the trust, the related property is protected from any type of lien. This is a unique and benefiting program for those who are still seeking home ownership.

Please feel free to contact me with any questions and/or concerns. I am happy to assist in any way possible. And if you are ready to become a homeowner again and eager to apply, please contact me via email mmcommercialdeals@gmail.com or michael.mosely@alltrustrealestate.com. I truly hope this will be a relief to many of you. Perhaps this is the opportunity you needed to begin rebuilding your lives and obtaining a piece of the dream of home ownership. And remember all who apply are accepted.

Is it or Isn't It

2008-09-26T10:21:00.001-07:00

Is it or isn’t it? These are the questions we are facing today in regards to the $700 billion dollar bail out proposal. Before I attack this subject, please forgive me if I sound anti-government. The basis for my blogs is to discuss issues that are important to all Americans. My opinions are solely mine. If you disagree with me, this is totally acceptable; but let us all respect each other’s viewpoints. Because in the end, if we take each negative opinion and place them correctly in the puzzle, we can all generate a positive outcome.

Back to the topic, I think it is the wrong time to play tug-of-war with this serious issue which lays on the economic table. This is ironic to me. Here are all these reputable senators and congressmen & congresswomen, all of which have had over priced education, have fancy homes and cars, more money in their bank accounts than most of us, and all are supposedly experienced enough to make critical decisions when it comes to our Nation! If this is the case, why are we seeing the same thing happening time and time again? When it is time to roll up the sleeves and attack the issues there is never an answer. Instead, “let’s take a break”. Now granted I am well aware of the importance of taking time and ensuring the thought process is aligned before rendering decisions. But America is basically staring down the barrel of a loaded economic shotgun which can fire at any time causing even more serious damages than what we are seeing right now. And yet our high-position politicians are playing the string along game. I believe it boils down to nominating. When it comes down to voting for the best candidate we have a tendency to judge parties rather than researching who would make a difference on vital issues draping America. The bail out hearings have turned into a media frenzy and political showcase instead of searching for a viable solution. We need to bring together a plan to reform our Nation’s ability to become a healthy and stable financial giant. If we as Americans keep electing individuals who just want the trophy and high pay to do nothing then we are always going to be in this position. The old saying still stands - you get what you pay for. So basically what we are getting is a direct result of who we voted for and with this administration; clearly we are seeing very little. Let’s take this opportunity not to make the same mistakes this time around when voting for the next President for the United States. We need to do our due diligence when researching each candidate’s credentials.

As far as I am concern Americans cannot point fingers at Obama and say he is not qualified or lacking in experience to run this Nation. As we witness the bail out hearings it is clear none of them are qualified either. John McCain needs to quit swaying from the left and to the right and stand up and clarify his true meaning of being the President of the United States because what I am seeing thus far is another George W. Bush profile filled with bad business proposals. This is not about Obama or McCain. It is about the American people. Remember when you enter the polls on November 4^th, it’s about our families. It is about education and being able to afford the little things. I am tired of having our top officials say indirectly that we cannot have anything until wemake sure you deserve it. This is AMERICA where dreams do come true, not just for the rich but for EVERYONE! So again is it or isn’t it? Lets get this thing sorted out so everyone can move on with their lives and finally shut the media up over this bail out proposal.

www.foxbusiness.com/story/markets/market-overview/myths-financial-crisis/

FHA CHANGES

2008-09-25T09:58:00.000-07:00

Again we are finding out that no matter what fico score we have, it is still a challenge to obtain credit. Now please don’t be alarmed – let’s just say the process is a bit more lengthy if you are applying for a home loan or credit. It is beginning to look like our financial system is failing consumers time and time again. No matter how hard we work and save to make a difference to support our families, there are new restrictions and obstacles. Since the mortgage melt down, consumers have experienced let-downs and a crumbling economy. The Federal Home Administration (FHA) even began tightening their guidelines. This entity is the fairest entity when it comes to obtaining a home loan. FHA’s loan-to-value was set at 97% which is going to be changed to 96.5%. What this means is the consumer’s down payment will be 3.5% instead of 3%. .05% may be looked upon as a small amount, but to many it is a lot. To make matters worse, FHA allowed assistance programs to make up the back-end difference such as closing cost and additional assistance with the down payment. Well I am sorry to inform you that those programs are on their way out the door beginning October 1, 2008. This eliminates a vital program to help consumers who needs additional assistance in purchasing a home.

My question now is: are we starting to witness only the “have’s” will benefit and the have not’s will end up with nothing? I know some will disagree but in my opinion, everyone who works and is responsible deserves more. The subprime consumer did not create those creative finance programs. All subprime consumers are not irresponsible so were does the finger pointing begin? We’ll save that answer for later.

In closing I want to say that our friends who sit on the Hill are all of sudden in retreat mode to protect their profits which was made before the collapse of our financial infrastructure. My suggestion to you, the consumer, is to make sure you are doing your due diligence. When speaking with your lender ask if there are any sudden guideline changes and requirements; this will save time and prevent potential frustration. If any new assistance programs become available, I will post them and offer suggestions on how to apply.

http://www.fhamortgagecenter.com/pc/fha_requirements.html?src=adw&utm_source=Google&gclid=CO-Bn5vB95UCFQv7agodKSNN4Q

What are you missing

2008-09-23T17:59:00.000-07:00

Today's Congressional hearing concerning the dire shape of our nations economy was a shear disappointment. I mean if you see a person who wants to be saved from harm, would you let harm cover them? After watching these hearings for an hour all I interpreted was rich Senators and Congressmen who don't give a hoot on what is going on and asking useless questions on why should they help? Why should they? After all the tax payers are paying for their expensive life styles. "So what are we missing?" The real question should be: What are the little people missing? We are on the brink of another depression. The nation’s economy has surpassed a recession, we entered a recession starting a year ago," so what are they missing?".

America's unemployment rate is at an all time high. Our seniors are losing left and right. People are losing their retirements (401k's). And the biggest, biggest problem of all is our real estate market is in the tubes. We are experiencing the highest foreclosure rates since When? Nevertheless, we have money to keep a war going. Oh to break it down to more simplest terms -- occupying Iraq! There's plenty of money to bail out their buddies but no MONIES to reform there faults, but yet again Capital Hill will use the little people’s tax dollars to pay for their mistakes!

What are we missing? We are missing a government! It's not about being a democrat or republican or even an independent, it's about what is right and what is wrong. Of course that's not reality to some people, so my concern is are we really witnessing TAKE EVERY THING AND LEAVE THEM NOTHING?!? What’s next? Will Congress take another session break before this matter is resolved? Follow this link for further updates on what the plans are to fix their mess. www.msnbc.msn.com/id/26868067