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Bank of America Sings

I thought this was done at a Washington Mutual conference which would have made it funnier, or sadder but it was done after B of A merged with another bank. Still interesting to watch, sort of. Oldie but a goodie. I am at the #wordcampdx conference. Love that I have my laptop with me. Worked […]

Washington Mutual Is Seized By Regulators

Washington Mutual has been seized by regulators and the deposits sold to JP Morgan Chase according to Bloomberg.com.  WaMu also reported that customer withdrawals equaled $16.7 billion in the last 10 days.  JP Morgan tried to acquire WaMu in a takeover valued at $4 a share.  This is a much better deal for JP Morgan. […]

Monday Night Links

Is it a Wall Street Bailout or a Main Street Bailout? News on Foreclosure Scams. $500+ Billion in Adjustable Rate Mortgages Reset in 2008. The Bank Crisis: A Timeline

Essay Contest For A Home In Hawaii

I came across a raffle* (essay contest) for a home in Maui.  I am not endorsing it since I know nothing about the home or area but it does have a fanciful quality to it.  $100 to give you a chance to own a home in Maui and put your feet in the sand, mmmm. […]

True Market Time For Portland

Finally we have a true number for days on the market.  As long as a house is relisted within 31 days of it’s previous listing it will resume accumulating days but will not count the days that it was expired.  So that is all to explain why August 2007 had 56 days on the market […]

Downpayment Assistance

There are many people trying to get congress to give the Downpayment Assistance Programs a reprieve.  Greg Swann from Bloodhound Blog believes that about 40% of Phoenix buyers will be affected October 1st when DPA’s are discontinued due to the new law.  That is a scary number.   We need buyers but do we need […]

Interest Rates Got More Interesting

I wrote a post a couple of days ago about how interest rates were bobbing around erraticly.  If you look to the left you will see the interest rate graph with the current drop.  Hopefully the market will stabilize and fear in the market will subside some.  This could be great news but we need […]

Portland Summer

I have a couple of real estate issues to write about but I will let that wait for Monday. Yesterday Javier dragged me out to the river for about a hour. He threw me in a tube and pulled me behind his boat until I would spectacularly fall out. I had so much fun. I […]

Comic

  You can read more of this great comic at http://news.yahoo.com/comics/pearlsbeforeswine

Interest Rates Are Interesting

I am not trying to promote Zillow Mortgage but I like their tool.  To the left you will see the widget that shows the national interest rates and you can click between a 3 month, 1 week or 1 day view of three different loans programs.  So I clicked on the one day view and […]

Zombie Debt

I came across an article last Friday before I went under the weather this cold weekend and am still feeling the effects. Have you settled with a creditor? Have you had your identity stolen and charges rung up in your name? You thought everything was taken care of?  But the zombies came back. On the credit […]

Stellar Real Estate

When they were having the $50 million X PRIZE competition for space flight I wondered who owns the moon, who would have rights to build and if I can try to get the listing? Actually the commute would be a killer. According to this story, no one owns the moon. There is a an Outer […]

“Million Dollar Producer”

When I was in high school the D.A.R.E. Program, anti-drug program, came to school.  They explained that for the people who didn’t take drugs or drink alcohol, there was this club essentially where people got together and played games, had pizza parties and did all kinds of fun stuff.  All you had to do was […]

Snapshot of Beaverton Homes

I was playing around with my new map based search engine and it just amazes me how many homes are for sale when seeing them in this light.  We hear the numbers but this puts it into perspective. This particular search shows – 200 + homes for sale Average square feet is 1763 Average price […]

Down Payment Assistance Programs To End October 1st

Before 80/20 loans became popular many buyers used a down payment assitance program (DPA).  These were went hand-in-hand with government loans, FHA and VA, that required 3% down.  The rules said that a seller couldn’t pay for the down payment like they can with closing costs. But inexplicably they approved the DPA’s where the seller […]

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