It's so good to be on hold with Sony to get my TV to work with BD and Reciever through one remote. A real good use of my time.

The Housing Boom and Bust! I am going to post this several times as it is that good! http://www.reason.com/news/show/133593.html Read it!!!

anyone know how I can download a video from my account in YouTube to my hard drive on my computer? cliff@SFBayHomes.com Thank you.

"To carry a grudge is like being stung to death by one bee."--William H. Walton
Free report: http://ping.fm/wDKHQ

Hey it's time for bed. Good night all. Looking forward to yoga in the am. Free report: www.StopForeclosureInSanCarlos.com

Did I mention the Feds couldn’t help us either?

Unemployment rates are headed towards double digits. Currently it is at 9%. This is causing, once healthy borrowers, being faced with a foreclosure as they are losing their jobs or at least overtime they are use to get is becoming less and less. So it is not just the sub-prime loans and unemployed workers that are having problems. Hard working Americans are too.

What is sad, our government can’t help. According to Economy.com 60% of defaults on mortgage are due to unemployment. Did I mention, the Feds couldn’t help either?

What the unemployment rate is doing is for home values to decline. America is faced with record foreclosures, tight lending practices, and a bunch of unsold homes because it is tough to find and keep a job that will pay the bills. There are other reasons obviously, however, they are for discussion on another day.

How bad is this decline? Standard and Poor/Case Shiller Home Price Indices says from 3/08 through 3/09 there was a decline of 18.7% while we are on track for 2009 to see a annual rate of decline of 25%. Even Adam York, one of the guys over at Wachovia, says the decline will continue way into 2010.

Did I mention the Feds couldn’t help us either?


Free Reports:
http://www.StopForeclosureInSanCarlos.com http://LovelySanCarlosHomes.com
Foreclosure/Short Sale Information:
http://www.StartFreshLLC.com

Heading in the RIGHT direction!

This happen over the weekend and I thought you might want to know this if you have not seen it before.

First of all the Treasury Department indicated it would reward lenders who closed on properties with a short sale. Likewise the Feds issued a few guidelines for short sale so banks now can figure out how to price a short sale.

Bank of American is taking the lead on this by loosening its policies on 2nd mortgages. They now allow 2nd mortgages 5% of the loan amount as a payoff. The good part is if B/A is the second lean holder they take the 5% automatically.

What that means is a big challenge to short sales has been addressed by the Feds and adopted by banks. It’s about time these guys start working together. Today they get an “Atta-boy/girl”