Quantcast

Archive for February, 2009

Not Fired? Why Your Income Won’t Fall

Not Fired? Why Your Income Won’t Fall

Pink slips are becoming more common around the country but here’s a great oddity: According to the Bureau of Labor Statistics, hourly wages rose in 2011. Huh? If people are losing their jobs don’t employers have the upper hand? Can’t they slash wages at will? After all, with rising unemployment levels who wants to lose […]

Posted in: Jobs
Is This Employer Abuse?

Is This Employer Abuse?

Question: I have an opportunity to get a new job in a new field. The employer wants me to train and try out for three days. The catch? I won’t be paid for the three days. Is this fair? Answer: I have mixed feelings about this one. On one hand, you’re putting in time and […]

Posted in: Jobs
Do We Have To Make The Last Mortgage Payment When Refinancing?

Do We Have To Make The Last Mortgage Payment When Refinancing?

The closing agent will check with your current lender prior to settlement to get a pay-off for the existing loan. If you have a payment due on the first of the month some will tell you it should be paid. Others in the lender community argue that it’s okay to bring the last payment to […]

Posted in: Closing
2009 Mortgage Loan Limits (Updated)

2009 Mortgage Loan Limits (Updated)

There are several types of mortgage loan limits. Generally, most borrowers need to look at conventional, FHA and VA loan limits to see how much can be financed with the most-widely originated loans. If you borrow at or below the conventional loan limit for non-government mortgages, you would have what is generally known as a […]

Posted in: News
Should Criminals Make Mortgages?

Should Criminals Make Mortgages?

Will you get your next FHA loan from a convicted criminal? If that sounds like a loopy idea, consider this: There is currently no rule which says a convicted criminal cannot act as an FHA mortgage lender. Alternatively, consider this: If someone has been in jail, served their time and completed their obligation, how can […]

Posted in: News
Uncle Sam’s $8,000 For First Time Home Buyers

Uncle Sam’s $8,000 For First Time Home Buyers

The government is hoping if you don’t now own a home that you’ll make the logical choice and buy one this year. If you do, there’s an $8,000 credit from Uncle Sam available to help you out. Last year the government announced that if you were a first time buyer and bought a home that […]

Posted in: Buyers
Who Won’t Be Helped Under The Obama Foreclosure Prevention Plan

Who Won’t Be Helped Under The Obama Foreclosure Prevention Plan

The Obama Administration has come out with a new plan to both prevent foreclosures and to help those who are now struggling with home payments. If you read the documents the Administration has posted to date, you can see that the plan offers real benefits to millions of borrowers and provides for federal cash to […]

Posted in: News
Judge To Lenders: Show Me The Note

Judge To Lenders: Show Me The Note

With mortgage practices under fire on Capitol Hill and across the country, a federal court decision in Cleveland is now proving more important each day: Homeowners can’t be foreclosed unless mortgage owners actually go to court and prove they have the right to call the loan. At first this may seem unimportant. After all, when […]

Posted in: News
The Case For Flexible Real Estate Commissions

The Case For Flexible Real Estate Commissions

Isn’t it time to change real estate agreements — to make them better for buyers, sellers and brokers? Syndicated columnist Peter G. Miller explains.

Posted in: Contracts
Why Worry About Recession When Inflation Looms Ahead?

Why Worry About Recession When Inflation Looms Ahead?

The deal is done. The government is going to spend no, drat, “invest” $8.5 trillion, no wait, that’s not right, the total potential bill could be as much as $9.7 trillion according to Bloomberg News, to bailout, oops, darn, nope, to rescue Wall Street, oh my, that’s not it either, I mean “Main Street” and […]

Posted in: News