We have all heard about the JetBlue flight attendant story. A flight attendant named Steven Slater got fed up with an unruly passenger and cursed them over the intercom, and grabbed a beer before sliding down the emergency chute. Peggy Noonan wrote about this Saturday August 14th in the Wall St
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08/16/2010
Spectacular Design Guild home and Equestrian estate, with beautifully landscaped gardens, backing up to the Redmond Watershed. 4 bedroom, 2.5 baths, main floor study & upstairs bonus room with hardwood floors & skylights. This private 1.25 acre Equestrian estate features a first class custom 2-st
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08/15/2010
Saturday's Times reports good news from the government bailout of the Auto industry. The Times reported that Obama "touted statistics that show 55,000 jobs were added in the year since GM and Chrysler emerged from bankruptcy."What you fail to report is that the auto industry lost 334,000 jobs in
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08/05/2010
I worked with buyers who got a great deal on a home because the seller did not cut the price soon enough. The seller thought the home was worth more than it was. They were pricing the home based on what they paid for it, and not based on current market conditions. The key is to PRICE AHEAD of
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07/30/2010
An article posted at Bloomberg.com talks about Fannie Mae denying new loans to borrowers who deliberately default and walk away from their homes. This approach is meant to deter strategic defaulting, which is about 12 % of U.S. mortgage defaults in February 2010. The article said, "Borrowers
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06/28/2010
I was asked the question, “Is it possible - or even a good idea - to put the house in the name of an elderly relative who lives with the family, then have that relative obtain a reverse mortgage?” The idea is to use your home to stay in your home. People are always looking for creative ways to
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06/10/2010
A bill is expected to pass that alters the compensation to loan officers. “ The provisions would change the way loan officers are compensated, hold lenders responsible for the loans they make, require them to extend mortgages only to borrowers who can repay them and limit penalties for those who
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06/02/2010
Buyers should apply for a loan before looking for a home. They should get a pre-approval letter from their lender before they find a specific home they are interested in. This is a good strategy because it ensures the buyer can afford the homes he is looking at. It eliminates the risk of a b
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06/02/2010
There has been a 5.8% rise in new housing starts in April 2010. But overall new home development is about two-thirds the average during the 1990's. The current increase in new home development is due to buyers having trouble purchasing foreclosures and short sales, they are taking too long
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05/29/2010
Once you get an offer for a home you are not done with the transaction. You still need to get through the inspection, appraisal, financing and escrow. There are several transaction issues that can do come up! How do you solve these problems or better yet prevent them from happening? Once t
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05/28/2010
