Scott Skinner's (scottskinner) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
I often get asked by homeowners who are having difficulty selling their home, can they buy another home prior to a successful sale. The common trend recently has been to rent your existing home and purchase a new home using the rental income from you existing home to offset a portion or all of th...
11/11/2008
At this point I beleive the bailout is artifically supporting real estate. It needs to fail or we cannot get to a quick recoveryI have recently written several articles about my support for the Housing Rescue and Financial Bailout Package that is now weeks into effect. I believe it is an importan...
11/11/2008
It's almost the weekend, and just in time and never soon enough, .... and, .... If you are from Arizona, you know that .... Phoenix and many of its surrounding towns like Tempe, Peoria, Chandler, Gilbert and Scottsdale offer an unbeatable life style with plenty of things to do for all enthusiasts...
11/11/2008
Yes, what you are about to read is true. It is not from the National Enquirer. Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and said it may have to tap the government's $100 billion lifeline in the coming months.  Fannie Mae's  fell ...
11/10/2008
    Real estate is struggling. Credit has all but dissappeared. The stock market has nose-dived (again) after the election. No matter how you cut it, economist, or joe six-pack, we are in a recession. Wait a minute. I though, pawn shops, alcohol and gambling are recession proof. In fact, Septembe...
11/09/2008
Rob Blake wrote asked …   are Mortgage Brokers are an endangered species? He pointed out that If you listen to Mortgage (broker) Industry insiders you will hear whispers that the ‘all-powerful’ “banking lobby will finally get the Government to legislate mortgage brokers out of existence.mortgage ...
11/08/2008
  Let me suggest that you look for these Builder incentives when you make offers and negotiate the purchase of a home from a builder.   * Inventory ’spec’ s (Completed homes, ) are opportunities as these completed homes sit, accruing interest or tying up cash, in builder inventory. The lower pric...
11/08/2008
  Should the Government help the Auto Makers? I mean is it only fair? They did help Fannie Mae, Freddie Mac, Bear Stearns, to name a few..... why not GM and Ford?? Ok, ok, I am biased. I am from Michigan originally, so I know the depth and importance interwoven into the economy and tradition and ...
11/08/2008
Capital Appreciaion should be the last reason to buy; as homes do cost about 8%-10% year to own when you figure in interest, taxes, insurance and upkeep.  Though,  if you have a fixed rate mortgage, pay down principal and are patient, history tells us, you will enjoy the many wealth creation bene...
11/07/2008
most "short sale"  listed in the MLS are not approved "short sale" The real estate agents, just take a listing, and market and advertise the home at a price that would net the seller less than the amount owed. Then, when an offer is received the listing broker submits that offer to the bank. I wa...
11/07/2008
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