City offers no–interest home repair loans
No way, symptoms what is ed no how, sick no bailout. Image by jakerome No way, website like this no how, no bailout. Please Digg. I’m calling my congresswomen and telling them I do not support this bail out. I’m a registered Democrat, but I think this is the rare issue that truly crosses the party line. There are many reasons I oppose the bailout, and I’ll hit them one-by-one. 1) It rewards the bad actors who got us into the mess in the first place. First, the people who bought houses that they knew they could not afford. Second, the lenders who made these bad loans without caring about the likelihood that they could not be repaid. Third, the insurers who bribed the government to not call credit default swaps (CDS’s or mortgage insurance) insurance, thus relieving them of the obligation to keep cash on hand in case they had to pay the off the insurance policy. 2) The government will undoubtedly overpay for this debt. The problem is two-fold right now: these loans are worth somewhere between .30 and .80 on the dollar, and no one wants to buy them at any price. So now the government will come in and rescue these irresponsible lenders. Guarantee you that the feds pay 50% more than anyone else would be willing to pay for this debt. 3) It doesn’t solve the root problem. Are they going to require oversight of CDS’s? Will we start regulation & oversight of the shadow banking system? If not, this problem will just repeat itself in 5 or 10 or 20 years. 4) We’re rushing into a solution Good solutions aren’t developed over a weekend or two weeks. Whatever band-aid bail out they come up with will be loaded with unintended consequences and will lead to hundreds of billions in extra spending beyond what anyone anticipates. You can take that to the bank. 5) Scare tactics are being used by the administration to coerce congress into giving the president massive new powers I’m sorry, but didn’t we just leave that party? 6) Once the government owns the debt, borrowers will be much less likely to pay if off. Think about it– all these problem borrowers are from the people who overpaid for their houses and borrowed more than they could ever afford. And the government has been going on for over a year about how we can’t kick people out of "their" homes and onto the street. Now, all of a sudden these people are going to be stiffing the government & we’ll own the houses. Any bets on whether we ever evict ANYBODY? This is a giant signal to the borrowers that they can STOP paying their mortgages immediately, because the government is coming to rescue them. The solution will probably be to write off the debt 100% and give the houses to the current occupants. Seen on the web: www.fernyreyes.com/?p=18 ballotvox.prx.org/archives/645/trying-to-understand-the-b… www.npr.org/blogs/money/2008/09/take_picture_post_online_… www.biggerpockets.com/renewsblog/2008/09/29/700-billion-c… mortgage-buy-home.com/2008/09/29/700-billion-can-we-handl… unpostoaparte.blogspot.com/2008/10/pagare-i-mutui-o-compr… trouble.philadelphiaweekly.com/archives/2008/09/i_often_h… news.cnet.com/8301-17852_3-10091189-71.html www.wisebread.com/when-will-the-bailouts-stop-a-summation… www.thumbjockey.com/blog/2008/10/desperate-times.html germaine.wordpress.com/2008/11/12/my-day-in-pictures/ globaldenny.livejournal.com/89663.html rarestnews.com/bailout_banks svmomblog.typepad.com/new_jersey_moms_blog/2008/12/rtp-th… www.rickety.us/2009/02/paul-on-politics-market-versus-gov… yinvsyang.com/what-do-you-think-of-the-bailout/1219/ www.northbynorthwestern.com/2009/02/20237/why-you-should-… www.allthebs.com/2009/04/your-outraged-yet-teabagging-pic… www.quietthethunder.com/2008/10/people-you-need-to-start-… www.biggerpockets.com/renewsblog/2009/09/09/world-order-g… For more homes click here… City offers no–interest home repair loans … no-interest home repair loansCorvallis Gazette-Times gazettetimes.com. September 19, 2012 10:30 am • Corvallis Gazette-Times · (0) Comments. The city of Corvallis is offering zero-interest home repair loans of up to $ 30,000 for Corvallis homeowners. If you would like more informaiton please visit here… Homeowners must act fast to get out of a sticky home loan situation Your husband's aunt would not have to worry about having a loan on a home she no longer owns and you would have a...
Read More[F1 News:]Excellent Realtors In Your City
by ell brown National Real Estate Investor More informaiton please check out here… by SelectSeattleHomes Excellent Realtors In Your City Article by Sheryl Hancock When it comes to purchasing a home it’s no undersized investment, nurse and that is why you can’t just employ any old realtor. Realtors in Evansville come a dime a dozen and so you have the freedom to be finicky. You absolutely do not want to hire an inexperienced realtor who does not have much experience in the business. You want an experienced realtor that has a confirmed track record of selling homes. If you are ready to do some searching, dosage you could be able to find one of the preferred realtors out there. Doing your search with family and friends is a resourceful thing to do. Ask them if they have had any proper experiences with realtors and whom they might advocate. If that does not help you out any, then you can have to try a dissimilar option. Besides getting a referral from a smart friend, looking for a realtor on the internet is the next best thing. On the web you might find reviews and facts about nearly any realtor in the area. The magazine stand at the front of your nearby grocery store generally has real estate magazines that could reflect the local realtors and homes. When you own your list of realtors in Evansville that you want to check up on, the next step is to check with the real-estate board in your state to check that they do not have any complaints on them. You should always meet with an agent till you decide to use them for your home seeking. Some agents, often smart ones will make you sign a non-competition agreement so that you will not dump them for another agent. Until you are sure that you want to be devoted to this agent, don’t sign one of these agreements Its best to find an agent that will not make you sign an agreement, and there are enough out there. Good Luck in your crusade to attain the very Best Evansville reator. About the Author This article was written for the Mike Reeder Realtor Team. Mike’s team gives the best of Evansville Realtors. If you command a great Realtor in Evansville, call the Reeder Team today! More informaiton please visit here… A very funny short parody on realty. If you would like to see more homes click here… Related Realtor...
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Some cool condominium images: City Green Condominiums Image by compujeramey The base of the City Green Condominiums developing. Very good seeking landscaping that really should look much better with time as the bushes and shrubs grow. If you would like to see far more homes click...
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Read MoreAFL-CIO Housing Investment Trust Invests $640M in New York City for Affordable Housing
by cybaea The AFL-CIO Housing Trust is organizing a $ 134 million renovation of a New York multifamily project. National Real Estate Investor For a lot more informaiton please pay a visit to...
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