I saw this interesting article from Time magazine. 18 Tough Questions (and Answers) About the Bailout . It is all the questions that we want to know. Some we have answers for; and as you will see, others we do not. Such as, how will the $700B be distributed? The author, Justin Fox, ...
Monthly Archives: September 2008
Can ANYONE Get a Loan Today??!!
I have been asked this four times today - by people who should know the answer, or so I thought. And, in the past two weeks, I would bet I have been asked the same question, "I thought only people with at least a 720 Credit Score could get a loan"?, by some 18-20 people. Hence this ...
What Bail-Out?
Okay, this Catagory 5 Financial Hurricane is upon us, and the government wanted to put $700B worth of sandbags along the short to try to keep us from facing the brunt of it. But, the people reacted, and the bail-out bill failed; at least for now. Well, what does that mean, to you and I? ...
The End of the Thrift
For quite a while I have been telling you that Washington Mutual was doomed. I believe I first mentioned it in April. And, tonight, it happens. HERE is the story from CNBC. Sad, in a way. Washington Mutual was, primarily, a mortgage lender until a couple months back. And now, the nation's largest Thrift, is ...
Bailout: “Invest in America”
The Presidential Candidates are on their way back to Washington to help form a consensus on the bailout bill. Listen to any talk show on the radio, and you will hear how angry American are about the bailout. For that matter, sit down next to ...
Looking for 100% Financing?
Oh, the good old days. Back when you could breath, and get 100% financing on a home, regardless of verifiable income or credit score. Those days are gone....almost. I get a lot of calls from buyers, especially first time home buyers, around Atlanta who have good credit ...
Is the Sky Falling?
Over the past 5 days, I have been watching the news the same as the rest of you, and, on any given news outlet at any given time, a mixture of anger and fright fill the commentary, and spew over to my - our - ...
We Hit Bottom; and Found a $700B Trampoline
I have been listening to a couple of radio shows while carting kids around town this weekend, and it is interesting that Atlanta's Finance guru on the radio, the esteemed Clark Howard, did a special weekend show to take calls about ...
The FHA Short Refinance – Banks are Discounting Mortgages
In Georgia we have been seeing record numbers of foreclosures, record numbers of bank repos and record numbers of short sales. There may be some in your neighborhood. Homeowners are faced with rising mortgage payments once their low adjustable rate mortgages begin to climb. The common answer up to this point to avoid foreclosure has ...
The Stability of Atlanta Real Estate
I know. You read the title and you eyeballs bulged out of your skull, and you probably screamed "What!! Where has this guy been??!!" Truth be told, I have been right here, with you, weathering the same drop in home values and ...