Happy Mother’s Day!
May 8, 2010 By Leave a Comment
I would like to wish all the moms and their families a fantastic day. Being a mother is the most difficult role and JOB in the world.
Think about it: All the famous inventors, founders of this wonderful country such as George Washington, Abraham Lincoln, and so on –all of them had mothers who did something do help shape their children to become the men they were. That is not to say that mothers are totally responsible for the way their children turn out, on the contrary! All we can do is love and guide our children and then just hope for the best that they will make the right choices.
And thanks to those women who raise other people’s children – children who are adopted, or were in foster care for one reason or another – those children were given a second chance at life by good women.
So to all the w 
omen , whether you became a mother by giving birth, by adoption, or just taking care of other people’s children such as foster mothers —MAY YOU ALL HAVE A GREAT DAY!
YOU REALLY DESERVE IT! As for me, my two adult children will be visiting and that is all I need. I consider myself blessed. May G-d bless all of you too……
I just signed up to go to a terrific convention
May 5, 2010 By Leave a Comment
I will be attending an REO convention in Dallas, Texas in June, 2010. Many of the asset managers and numerous companies all affiliated with banks, real estate owned property from across the country will be there along with many real estate agents and brokers. I will be gaining more education about REO which is so important today.
I just signed up today and cannot wait to go. I am really excited.
I would love to invite other realtors and brokers to attend. If we all continue to improve ourselves, then we will all be able to offer only the best service to our clients, our buyers and sellers.
If you are not in the business of real estate but know someone who is, please have them go to the website REOEXPO2010 or have them call me.
I Do Enjoy Working on my Blog!
May 5, 2010 By Leave a Comment
I really like writing pages and articles. My problem seems to be that there is so much good information out there, I really do not seem to know what NOT to include!
I had been sent an email about one year ago or so by an associate. It was written by a woman who has ovarian cancer. She wrote the article and asked everyone who read it to forward it on to friends and family. I did retype it so you could read it and pass it on also. If you are a man you may have a wife, sister, friend, aunt, and so on who would benefit from this knowledge. It is a on page on this site “for women”….
I would appreciate it if you – the reader – would please either comment or e-mail me with requests for information. I love to research information and put it on my web site.
Fannie Mae and Adjustable Mortgages in the News
May 4, 2010 By Leave a Comment
April 30, 2010 – Friday- was not a good trading day. The government brought criminal charges against Goldman on Thursday and every stock was beaten down due to their economic connection with one of the formerly strongest investment banking firms in the world. Did not matter. Banking, investment banking, manufacturing, real estate– all down.
Goldman, a household investment banking giant, had a $240/share stock price in Dec 2008 when Lehman and Bear Stearns started the downslide in the market. Now, at $145/share, the company has lost billions of value for their stockholders and clients. What makes it worse is that their top executives told Congress that they are not responsible for their clients’ decisions.
So, amidst this telltale story of Wall Street greed, you may have missed the small press release that Fannie Mae sent out.
Basically, Fannie Mae said it will tighten lending standards on adjustable-rate mortgages and “interest-only” loans that helped fuel the housing bubble and have led to a disproportionate share of losses for the mortgage-finance giant.
The changes, which will take effect in September, will require lenders to qualify borrowers based on whether or not they can afford potentially higher payments once adjustable-rate loans reset, and will require much more stringent criteria for interest-only borrowers.
During the housing boom, borrowers increasingly used adjustable-rate mortgages with low initial rates to buy bigger homes and banked on ever-rising values to refinance before payments rose higher. When prices stopped rising, more borrowers weren’t able to sell or refinance to avoid higher payments. That sent defaults soaring.
Fannie said it will require borrowers to have credit scores of at least 720 and 30% equity. Borrowers must also have at least two years worth of cash reserves remaining after closing.
For adjustable-rate mortgages that reset within their first five years, lenders will have to qualify borrowers under higher payment levels, using the greater of either the current interest rate plus two percentage points, or the current interest rate plus the extra margin charged by the lender.
If you have the money to buy, just hope that the markets remain volatile so that you can find underpriced properties worth purchasing! Good news for investors and buyers.
Mother’s Day
May 2, 2010 By Leave a Comment
I just decided to make a page and dedicate it to mothers everywhere. When I think back to my childhood and my mother, tears come to my eyes.
There are no words sufficient to describe what a good mom is! That is why I decided to do this.
Now, Erma Bombeck is a fantastic funny lady and a wonderful writer. I found some poems she had written and I put them on the page.
I am a mother of two adult children and I remember the difficulty I gave my mother even though I was a good child.
I commend all working mothers who work OUTSIDE of the home and I also admire
those moms who call themselves “stay at home” moms. It is a tough job.
I sincerely wish you all a wonderful Mother’s Day. We all really deserve it!
Thank You Mark Burrell!
April 28, 2010 By Leave a Comment
Again, I really need to thank this man!
He took the time to investigate the page about Identity Theft which I wanted to reprint from Suze Orman. He advised me that all I needed to do was go to the FTC.GOV web site, and it is loaded with FREE information. As a matter of fact, the site encourages the public to reprint their information, download, and so on.
Therefore, I did so. You will find a page on this site entitled “Identity Theft”. It is great information.
Wonderful resource – Go to WWW.FTC.GOV and enjoy!
I Want to Help Those With Credit Issues
April 28, 2010 By Leave a Comment
Last night I sent an e-mail to the Suze Orman staff asking permission to reprint information I had read on her website about IDENTITY THEFT. It was very detailed and explained step by step what to do if you found out that you were a victim of identity theft.
They responded this morning that I could not reprint that because it was licensed.
This really upset me because the information needs to be read. There are just too many people with IDENTITY THEFT problems and do not know what to do to resolve them. Other than just tell people to go to Suze’s web site, I wanted to have that information right here. I am trying to figure out how to put the information on this site without breaking the law of copyright. I suppose I could just name the credit companies, addresses and phone numbers as well as government entities. That would be a way to help the public a little bit.
My good friend and web site master mind, Mr. Mark Burrell was reviewing articles that I had prepared to put on the site, and Mark alerted me to the fact that I could be sued for copyright. By the way, if you know anyone who needs lessons in how to do your own web site, he is the best! His website is www.BurrellGroup.com
Stay posted. I am waiting to hear back from Suze Orman’s staff since I did reply back to them this morning. If anyone out there reading this post has any ideas on the subject, please let me know. Thank you.
I Just Attended a Wonderful Webinar!
April 21, 2010 By Leave a Comment
I am a student of Harris Real Estate University and attend classes online weekly. Today, we had a great speaker being interviewed from the National Association of Realtors.
His name is Jeff Lischer.
This is the man who is responsible for working with the Treasury Dept. to formulate the New HAFA PROGRAM about which I have written here. Mr. Lisher represents the National Association of Realtors of which I am so proud to be a member. Our annual dues contribute to lobbying in Washington for buyers and sellers.
Mr. Lischer clarified for us how the HAFA plan works. Please feel free to contact me anytime if you are a distressed homeowner having financial difficulty and need advice. It would be my PRIVILEGE to help you. If I do not have the answers, I do have the resources and will find the answer for you.
SHORT SALES and The New HAFA Program April 5, 2010
April 7, 2010 By Leave a Comment
Short sales have become more appealing to homeowners who are behind on their mortgage and are looking to get out without going into foreclosure. But the time it takes to process these type of sales, the sales have been thought of as long rather than short. A new federal program goes into effect APRIL 5, 2010 and will provide more guidelines to allow the stressed homeowners to enter into a short sale and more quickly get on their way to a more affordable living arrangement.
It is called The Home Affordable Foreclosure Alternatives program which will provide certain incentives to lenders, and to home owners who chose to do a short sale, rather than wait until the bank takes the property.
I've been serving the real estate needs of the Orange County Community since 1983. When you put me on your team, you get a commitment of service unequaled in the industry. You have my pledge of satisfaction 
