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Foreclosure News

Citigroup will halt certain foreclosures and rework $20 Billion in loans. The bank plans to reach out to 500,000 homeowners in the next 6 months. They helped 270,000 since 2007. Foreclosures fell dramatically in October in comparison to the last few months. 7.5 million Americans owe more than the current market value of their home.  […]

It Is Finally Blazer Day!

  Here were are finally.  After a year and half since we knew we had him, Greg Oden gets to show us what he can do. I honestly think we, and maybe even Greg Oden, got “lucky” to be out last season.  Remember when Dennis Dixon went down for the Ducks last year.  Even their […]

Google Android Phone

This is a picture from the 3 megapixel phone.  I won’t be taking any photos of homes with it. Since this is non-real estate skip past or click here to read more. And this will be a stream of consciousness post. 

Monday News Links

When Warren Buffet speaks, I pay attention. What the Bailout does for taxpayers. Lien on the Nines luxury hotel for about $6.5 million. The Pearl’s biggest developer gives his opinion on the Portland Market from his vantage point.

Greg Oden Is A Funny Guy

I love this Portland Trailblazer Team and you are, fortunately or unfortunately, going to hear about it all season. Greg Oden was the ignition switch to start Blazermania up all over again. And he didn’t even play last season. Instead we got a season of Brandon Roy blowing us away with his maturity, patience, and […]

Should I Prolong A Short Sale To Live For Free In My House?

I have come upon this question a lot from people facing a short sale. Though I have seen it take longer, usually the bank will set a foreclosure date within 90 days after your first missed payment. They usually have the right to do that after 30 days but it is industry standard to wait […]

Roller Coasters And The Real Estate Market

At AgentGenius.com they have a YouTube video showing housing values but instead of a graph they have it represented as a roller coaster.  It is pretty cool as it represents home values from 1890 – Present.   I actually expected them to show this video below that I saw a long time ago which I […]

Links For The Week

Downtown condo sales slow further. NE Portland Tool Library and North Portland Tool Library.  Great way to save money on small projects. 80% of borrowers are not getting help from their lenders to avoid foreclosure. Coldwell Banker puts their listings on sale.  I don’t think this does much to help Coldwell Banker or their clients. […]

The New Dollar Bill

This was passed to me in an email so I can’t give proper attribution.     I figure if I don’t have any thing nice to say about the economy maybe I should have something funny.

Drastic Price Change!

Oh my God!  The price is so low!  So low you you have to buy it now before someone else buys this home that has been marked down from the price it couldn’t sell at before!!!!!!!!!!!!!!!!!!!!!!!!!!!!!…! Doesn’t that just motivate you?  No, probably not.  There is only one reason to give notice of a price […]

A Buyer’s Perspective

I was talking to a friend of mine who I knew had been house hunting for a while.  He was excited that he was gong to close in about 2 weeks on his new home.  He said, “I know some people say you should wait and see if prices drop more but I think interest […]

Links On The Rescue Bill

Why the first Bailout/Rescue Bill failed. Which comes down their failure to explain our situation and politicians looking at polls and their re-election plans. Senate approves Rescue/Bailout Bill. How the Rescue/Bailout compares to other spending and bailouts. Bailout/Rescue Bill goes from 3 pages to 451 pages in 10 days flat.  Of course there are stupid […]

Fannie Mae Nine Years Later

September 30, 1999 from the New York Times, In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. Bold is my emphasis, The action, which will begin as a pilot […]

Is It A Bailout Or A Rescue

Bailout or Rescue? If this wasn’t a voting year or if we weren’t this close to an election, the Bailout or Rescue Bill would have been passed.  It has become politicized.  Many didn’t vote for it, in my belief, because they want to be able to say, “I didn’t vote for it,” in case it […]

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