First link to show that Obama and the media are jumping on the “recession is over” media blitz we discussed in the post last Friday.
This article discusses how foreclosures are directly tied to employment/unemployment. If you have even the faintest insecurity about your job situation, contact us today to see if there is a mortgage solution that can help protect you. If you were to lose your job, you are out of options for a refinance or modification until you regain employment.
This weeks article on the modification space. It’s a bit “technicaL’ but one key point is that the Obama refi plan is written to benefit the debtor, not the consumer!!!
Good to know if you are pursuing a modification and further confirmation that you need a lawyer!
This article from CNBC discusses the challenge that appraisers are having. In fact in some new construction markets appraisals are coming in UNDER the cost of construction.
Is this a problem for the appraisers? Or the builders?
Finally, if you own, or have owned a condo or other property with an association, you will understand how associations are being hurt by the foreclosure crisis. The Chicago Tribune has an article today about how one association is being proactive to ensure that they capitalize on rather than get victimized by the foreclosures.
The Federal Reserve meets this week on interest rate front and not much is likely to happen before Wednesay afternoon’s announcement but as always, things can change at any time. For updates on interest rates several times per day, sign up for the twitter feed @ratealert.
If I or my team can be of any mortgage assistance regarding buying or refinancing your home, contact me at 630-343-9526 or by email at Dylan@dylankramer.com and please if you enjoy our updates forward this link to a friend or post it to your facebook profile. Have a great week!
