Monthly Archives: December 2010

Freddie Mac Says Mortgage Rates In 2010 Were Lowest Since 1955

Mortgage rates have been rising for the past six weeks, but they are lower than they were a year ago. Fat good these low rates did the housing market! Modest increases in rates recently have slowed the refinance market, reduced … Continue reading

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Hard Luck Foreclosure Stories

I took my first journalism class at Placer High School in 1982. That was the reason I transferred to a public school, so I could study journalism. I decided in eighth grade I wanted to be a journalist when I … Continue reading

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Make Money From Tax Liens

One person’s tragedy is another person’s profit. This fact of life is hated by the left. Denial of the facts of life, denial of reality is an essential ingredient of left-wing thought. What are some of the key denials in … Continue reading

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Lenders Not Able To Firesale Valuable Assets

Fox Business Network: 8:48 a.m. As the economy recovered in 2010, confidence returned to the commercial housing market which helped the housing market. Institutional investors came heavily into the market, particularly with rentals. Retail came back stronger than expected. This … Continue reading

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What Is A Good Faith Estimate?

In her new book, Carolyn Warren outlines the mortgage process in ten easy steps. Step number one is getting the Good Faith Estimate (GFE). That will show your loan amount, interest rate, monthly payment, fees and costs, and other necessary … Continue reading

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Banks Must Be Tiring Of Modifying Mortgages

If somebody has lost his job, what is the point of modifying his mortgage? If he doesn’t have solid income every month, then how is he going to make a mortgage payment. Unemployment is around 10% and there is little … Continue reading

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When Is A Good Time To Buy A Home?

Carolyn Warren gives these questions: * Do you have a good credit score? * Are you free of credit card debt and auto debt? Student loans paid down? * Do you have documentable income to sustain a home payment? * … Continue reading

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Don’t Be A Victim Of Identity Theft

I used to live with a woman who’d had her identity stolen. She lived in her own home. She helped out this homeless woman and let her live with her for a few days or weeks. This woman stole her … Continue reading

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How Long After A Foreclosure Until You Can Start Buying Again?

Are you devastated that you lost your home? Carolyn Warren says don’t look it as losing your home. Look at it as losing some property. There, it’s not so bad. If you have enough for a giant down payment, at … Continue reading

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Would The Wisemen Bring Baby Jesus Gold?

Gold is worth nearly $1400 an ounce. CNBC. 2:16 pm PST. A trader says, would the wisemen bring the Baby Jesus gold at these prices?

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