Friday, July 6, 2007

Don’t Let Your Lender Run Away With Your Equity!

Say you, as the Borrower, fall behind on your Mortgage. You need to catch your delinquent mortgage amount up to ward off going into default and eventually foreclosure.

Did you know that before foreclosure occurs, a repayment plan can be proposed to your mortgage holder/lender to satisfy the amount owed?

A Loss Mitigation Specialist can propose several plans or strategies to the lender to put the loan back in good standing.

Lenders always want to avoid the foreclosure process when at all possible. It's much more equitable if a "meeting of the minds" can occur and an agreement made on a repayment strategy in which you, the homeowner and your lender can benefit.

Loss Mitigation can prevent your home from going to foreclosure. This solution to your mortgage problem is based on your ability to pay, not your credit score.

Buyer’s Best Interest . . . Rates That Is!

In researching the market, it may be a wise move for all you Buyers take a few minutes to have lenders re-qualify them. In the last few weeks we have seen mortgage rates jump as much as .75%. This can change a Buyers whole financial picture by greatly diminishing his borrowing power.

Re-qualifying is a great way to ensure you aren't disappointed once you fine a home that you could have afforded last week; but this week’s interest rate has priced you out of the market for!

If you’re out looking to buy a home, securing a rate lock commitment from your lender is vital.

  • Identify when your rate will expire
  • Close timely
  • Request an extension

Rates locked two weeks ago are golden in today's market.Be sure the mortgage professional you are working with is keeping a close eye on the bond market. A bond-savvy mortgage professional can spot price changes before lenders announce them. Locking ahead of an interest rate hike can save you thousands of dollars over the life of your loan.

Inland Empire Residents: Get Your Career In Gear!!

By Fall 2007, look for the launching of the Inland Empire’s first career-oriented web site dedicated solely to preparing Inland Empire residents for careers in the I.E.

CareerQuest TV (www.CareerQuest.TV), will provide comprehensive, interactive career information on six different categories: Business, Computers, Engineering, Education, Health Care, and Industrial.

Visitors “tuning in” to CareerQuest TV will be presented with potential long-term job prospects that exist locally. The site will also include current postings of Inland Empire area job fairs, career-related events, and other resources that may be beneficial to those looking to advance their career.

Click here to open a link to Rancho Cucamonga’s Fast Track Newsletter and found out more about this innovative way that the Inland Empire is preparing it’s residents to meet the employment needs of local companies to ensure a strong local economy.

The Secret - The Phenomenon Everyone's Talking About!

This message isn’t about real estate, but it is something we thought you might be interested in. You may have heard all the excitement about 'The Secret' after it was featured on Oprah a couple months back. ‘The Secret’ talks about The Laws of Attraction, and how your attitude affects your life…

If you haven't seen the movie as yet, you can check it out by clicking the image below. In the meantime, check out this quick preview. If you watch this video clip once every morning (maybe right when you sit down at work in the morning), it will definitely start your day in a positive way, and remind you how much power you truly have.


What Is The Secret



Judge Orders Paris Hilton Back to Jail

Jun 8, 6:07 PM EST
The Associated Press

LOS ANGELES -- Paris Hilton was sent screaming and crying back to jail Friday after a judge ruled that she must serve out her sentence behind bars rather than in the comfort of her Hollywood Hills home.

Read the whole article here.



SOUND OFF: Do you feel sorry for Paris? Post your comments now!

One Flew Out of The Cuckoos Nest

She's out! Paris to finish sentence at home Paris Hilton was released from a Los Angeles County jail early Thursday because of an unspecified medical problem and will fulfill the remainder of her sentence for probation violation in home confinement, a sheriff's spokesman said. This video just in!

For Sale: Godfather of Soul’s Manhattan Apartment

James Brown’s former Manhattan apartment is now on the market. Mr. Brown lived on this property during the seventies and eighties, when he was enjoying an upswing in his career. While it’s not as lavish as you might expect, it IS a spacious and sunny three bedroom on Third Avenue and 67th Street priced at just under one and a half million dollars. The two-story property is in the heart of the Upper East Side where any apartment is at a premium, much less one with such an illustrious past.