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Archive | September, 2008

Quick Post: $700B Bailout “Roll Call” for Florida’s Congresspeople

September 30, 2008

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FLORIDA: the results may surprise you! It is amazing, nationwide, how people vote when they are up for re-election… WA is the same way. Democrats ‚Äî 8 Yes, 1 No Boyd, Y; Brown, Corrine, Y; Castor, N; Hastings, Y; Klein, Y; Mahoney, Y; Meek, Y; Wasserman Schultz, Y; Wexler, Y. Republicans ‚Äî 3 Yes, 13 [...]

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Orlando FHA Short Refinance

September 30, 2008

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Orlando FHA Short Refinance An FHA Short Refinance is designed for people who owe more than their home is worth. Wow, this is more of us than eer anticipated is it not? Well, when faced with this scenario, there are about three main options available which are determined by the process of negotiating with your [...]

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The Bailout – Interest Rates – what’s the connection…

September 29, 2008

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Well, while you and I were kicking back over the weekend, Congress was hard at work. [Wow, when have I ever said that before...LOL.] They drafted their ‘bill’ Sunday evening and within the 110 pages of Congressional Brilliance [again, work with me here....], an important clause emerged that should be positive for interest rates for [...]

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What’s on Florida’s November Ballot?

September 28, 2008

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As a concerned citizen myself, I try to hunt around the internet to find things that influence our lives here in central Florida. [Besides just Gator Football that is.] As most of you know, we have an election coming up in November, and while this is not a political post, it is important to know [...]

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“WaMu went down… Woo hoo, I don’t have to make payments anymore!” Uh, not so fast!…

September 27, 2008

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<‚Äî‚Äî‚Äî HAVE YOU SUBSCRIBED TO RECEIVE THE RSS FEED YET? Get notified when new Orlando Real Estate Posts are made. Well, we knew one of the ‘big, big dogs’ was gunna get eaten… and as of Thursday, the guessing game was over. Federal regulators seized Washington Mutual as it became the3rd lender of real interest [...]

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Buyers: Are they their OWN WORST ENEMY?

September 26, 2008

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<‚Äî‚Äî‚Äî HAVE YOU SUBSCRIBED TO RECEIVE THE RSS FEED YET? Get notified when new Posts are made. Woo Hoo… the August Existing Home Sales report was released Wednesday, showing a decline in the number of homes sold nationwide, and a reduction in the median sales price. LEAVE IT TO THE MEDIA: I can’t say that [...]

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Mortgage Chili: Effective Oct. 1 – FHA Makes Homeownership More Affordable

September 25, 2008

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Earlier this year — and for the first time in its history — the FHA changed its funding fees and mortgage insurance structure. Effective October 1, 2008, it’s repealing those changes. Partly to keep FHA home loans affordable, and partly to comply with new laws, the FHA is rolling back its up-front fees and ongoing [...]

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Mortgage Chili: Gas Prices and Mortgage – The relationship…

September 24, 2008

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<——— HAVE YOU SUBSCRIBED TO RECEIVE THE RSS FEED YET?¬† Get notified when new Posts are made. Crude oil prices jumped $25 at one point Monday, ending the day up by 16 percent. This is an unwelcome development for home buyers because the same market forces that pushed up oil prices had a similar impact [...]

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If I hear one more time that this bailout is a good idea…..

September 24, 2008

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That is the title of an amazing article that my friend Tim Davis of Titan Home Loans wrote.¬† It was a great article that really goes past the surface ‘lip-service’ of what needs to be done and analyzes the actual results if those things were to come to pass… Here are the poitns that Tim [...]

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Mortgage Chili: Last week’s leftovers and what’s to come…

September 23, 2008

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<——— HAVE YOU SUBSCRIBED TO RECEIVE THE RSS FEED YET?¬† Get notified when new Posts are made. The U.S. Treasury is the biggest reason why most conforming mortgage rates increased by a half-percent. Hank Paulson’s [Secretary of the Treasury] government group helped to restore investor confidence that had steadily¬†eroded from concern to fear since July [...]

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