President Obama Defeat

"Wow" It was a overwhelming victory for the republicans, man am I glad, but at the same time I'm sad. Why you ask? Because nothing is gonna change, there will be no job increase, no spending freeze, no help for the middle class and certainly no love for their fellow Americans

"You see my friends as John McCain would say" it was never about helping to turn the economy around, or health care, it has and will always be about how to defeat President Obama's Presidency.

Yes, how many states can we turn red so that in 2012 he will go down in defeat. So they think? Idiots say we care what the American say "LOL" In the closed chambers they know the people are idiots and they can get them to believe anything. It is almost as Satan himself that appeared to Eve in the form of a serpent (snake) and said, "you shall not surely die so eat of the fruit" Yea right Mr Republican!

Our President has accomplished more in 2 years than any previous President in 4-8 years. Yet it seems he is naive or just plain stupid to believe that these goons want to work with him, I mean come on Mr President "Wake up and smell the stinky odor that proceeds from their lips, they hate you, don't smell the coffee, through it at them and stand up like Former President Bush and say you are either for me or against me and I simply don't give a ?

Take some lesson from the Bush era after all Dick shot his own friend in the face so you know what would happen to someone that defied him. They ran the country into the ground and you dumb dumbs know it yet after only 2 years you forget and have no patients, why I otto?

Sorry for the rant. "Not Really" I'm like Bush I don't give a ? But, I will say this to our President get some balls and get your cabinet together, get some guys up in there who will not back down to the repubs. You know like Howard Dean and some of the former Clinton cabinet because they don't give a ? and will knock somebody out who crosses them yea, like the Bush people did.

Let's just get along, that's fine if that's what they truly want to do, but they don't Mr President. Quit holding the enemy hand and singing, Come by here dear lord, come by here. It is time to kick their ass and take names like one of the other Presidents.

I don't want a one term President, but if you don't quit believing the words that are coming out of their mouths you will.

Home

Check this site out Home: "- Sent using Google Toolbar"

Earl Nightingael The Secret

These words of wisdom were true in the day, guess what it hasn't changed even now this day.
http://www.youtube.com/watch?v=V0vRa3KiUEU

Getting FHA loans will be a lot harder!

In an effort to shore up its disappearing reserves, the Federal Housing Administration has issued new loan standards which will go into effect this summer. FHA is an important source of loans for first time homebuyers and those who have struggled to get credit scores into range to be able to qualify for a home loan. The tighter standards will affect the number of people who receive loans starting this summer.

Specifically, applicants will be expected to have

· Higher credit scores. FHA has not required a minimum score to date, but will require a minimum of 580 under the new guidelines. Those with scores at the lower end will need to make at least a 10% down payment.

· Fewer acceptable seller concessions. Presently sellers can help with closing costs up to 6% of the property value. The new maximum will be 3%.

· Higher insurance costs. The new insurance premium will be 2.25% of the value of the loan. Currently the premium tops out at 1.75%. For example, in a $150,000 home the premium that will need to be paid at closing is $3,375, up from $2,625 under current guidelines. The additional expense can be rolled into the cost of the loan.

Why Short Sales Are Becoming the Preferred Solution to Foreclosure

Short Sales are fast becoming the preferred method of resolving foreclosures for Lenders. According to a survey by Campbell/Inside Mortgage Finance Monthly Survey 15.9% of homes purchased in January were Short Sale transactions. The Campbell Survey is based on a poll of over 1500 Real Estate Agents nationwide. In November 2009 Short Sales accounted for 12.4% of home sales.

By contrast, bank owned real estate sold during January which was move-in ready was 13.8% of the transactions, and damaged bank owned property accounted for 13.8% of sales.

First time homebuyers appear to be the primary purchasers of Short Sale properties. First time buyers are more able to wait out the time required to close a Short Sale than those with existing property to sell.

The study shows that Short Sales on average sell for around 91% of the list price while REOs sell for 99% of list price. Since Short Sales require less time and expense than REOs they are gaining in popularity among Lenders and there is a little more room for negotiation in the price usually.

Negative Equity Continues to Grow

Despite some slowing in the housing price decline in most markets, the number of mortgages that are now larger than the home value continues to grow. First American CoreLogic estimates the number of U.S. households with underwater mortgages as of the end of 2009 was 11.3 million, or 24% of all households with mortgages. Americans owe a combined $801 billion more than the value of their property.

Another 2.3 million households have less than 5% equity in their homes. Considering that many predict that home values will decline further in many markets, many of these mortgages will slip into the negative category during the coming year.

Homes with negative equity are far more likely to fall into foreclosure than others as many conclude they have nothing to lose to walk away from the mortgage. The negative equity problem continues to be a major drag on the economy and a major reason why the economy continues to be fragile.

In a separate report from Zillow this past month, even the White House lost value in 2009 to the tune of 5.1%. The January 2009 Zestimate for the White House was $308 million, based on the size and physical attributes, the Washington, D.C. market and its historical value. The Zestimate for 2010 was $292.5 million, a $15.6 million drop.

Bruce Lee, he just make sense!

http://www.youtube.com/watch?v=CbINT9UBhJ0