Short Sales in Sacramento county increase. Low prices and a large inventory of homes push this trend. Do loan modifications and short sales define the American dream? Buyers are getting great deals on these homes.

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Technorati Tags: HOPE Real Estate, loan modifications, Making Home Affordable, Mike Jaeger Live, Sacramento Real Estate, Sacramento Realtor, Sacramento Short Sale, short sales

Difference between Foreclosure and short sales.

Attention: We are not Attorneys or Accounts and we are not suggesting anything. This is just an opinion based on previous experiences.

To learn more about us visit www.gfhteam.com

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Before you read on, remember, your generous contribution of $5,10 or $15 will go a long way towards helping me combat the one-party rule in Annapolis. So please consider a campaign contribution of any size.

http://www.nancyjacobs.com/support

I wanted to offer you a sneak peek at what we will be discussing:

Why has Martin O’Malley made the race for Governor so ugly and so quickly?
What qualifications should Governor Bob Ehrlich look for in his Lieutenant Governor pick?
What do we make of the uptick in ethical issues plaguing the state over the last few years?
What do we make of the continued problems with MARC train and of the recent legislative audit of the State Board of Elections?

Annapolis is effectively ruled by a small, monopolistic and liberal group of people headed by Martin O’Malley. Instead of talking about their policies and plans for Maryland, O’Malley and company have offered misleading and downright deceitful advertisements about Bob Ehrlich. Even going so far as to suggest he caused the horrible oil spill in the Gulf of Mexico. O’Malley’s advertisements went so far that they earned stinging rebukes from major media outlets:

Baltimore Sun: “Dirty political attack ad,” “O’Malley ad is a lie”
Washington Post: “[O'Malley] released a radio attack ad that incorrectly labels Ehrlich a “Big Oil lobbyist,” and takes liberties with Ehrlich’s congressional voting record”
Gazette: “Gov. Martin O’Malley’s re-election campaign recently descended into the gutter of political innuendo, distortion and outright lies”
But we’ll be talking about more than just Martin O’Malley’s negative campaigning. We will also be discussing the Ehrlich campaign, possible running mates, and how important it is to get Governor Bob Ehrlich re-elected.

I don’t have to tell you just how hard that can be because so many of you have stood by me as we successfully fought to toughen strengthen child sexual predator laws. We want a team that will help make Maryland a better place to live and work–and that means understanding and pursuing the Ehrlich entrepreneurial agenda.

One-party monopolies tend to lead to ethical lapses. No one is above the law. As public servants, elected officials work for you. I strongly support strengthening Maryland’s ethics and transparency laws.

Finally, let me just say that I was embarrassed for all of us to hear that O’Malley’s Transportation Secretary had not attended a single MARC Rider Advisory Council meeting. Many of my constituents ride MARC trains on a daily basis. It is absolutely and unequivocally unacceptable for the trains to be two hours behind because of hot weather. Worse yet, all riders deserve to know what’s happening while they are riding the train and no one deserves to be stuck in a stifling hot train car for two hours. This must change.

Duration : 0:9:59

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Technorati Tags: contributions, democrat, elections, maryland, nancy jacobs, republican, senator, vote

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Twitter: https://twitter.com/#!/Deathgod9307

Duration : 0:59:51

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Technorati Tags: episode, Garden, secret

For the most part as a general rule at least 10 days are required in order to have a good chance at a short sale date extension. Give your agent as much time as possible BEFORE that date in order to negotiate.

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Florida homes (West Palm Beach Area), about $240k

Ignore the sales price unless the bank already approved it. If the bank approved the sale you have to offer the full price, otherwise it has to be approved again.

If there is no approval ignore the asking price, as it is just there to get an offer, any offer, in order to slow down a foreclosure. Offer within 10% of the comp price.

September 21, 2008
Text of Draft Proposal for Bailout Plan
LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITY

TO PURCHASE MORTGAGE-RELATED ASSETS

Section 1. Short Title.

This Act may be cited as ____________________.

Sec. 2. Purchases of Mortgage-Related Assets.

(a) Authority to Purchase.–The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.

(b) Necessary Actions.–The Secretary is authorized to take such actions as the Secretary deems necessary to carry out the authorities in this Act, including, without limitation:

(1) appointing such employees as may be required to carry out the authorities in this Act and defining their duties;

(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;

(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

(4) establishing vehicles that are authorized, subject to supervision by the Secretary, to purchase mortgage-related assets and issue obligations; and

(5) issuing such regulations and other guidance as may be necessary or appropriate to define terms or carry out the authorities of this Act.

Sec. 3. Considerations.

In exercising the authorities granted in this Act, the Secretary shall take into consideration means for–

(1) providing stability or preventing disruption to the financial markets or banking system; and

(2) protecting the taxpayer.

Sec. 4. Reports to Congress.

Within three months of the first exercise of the authority granted in section 2(a), and semiannually thereafter, the Secretary shall report to the Committees on the Budget, Financial Services, and Ways and Means of the House of Representatives and the Committees on the Budget, Finance, and Banking, Housing, and Urban Affairs of the Senate with respect to the authorities exercised under this Act and the considerations required by section 3.

Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.

(a) Exercise of Rights.–The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.

(b) Management of Mortgage-Related Assets.–The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom.

(c) Sale of Mortgage-Related Assets.–The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.

(d) Application of Sunset to Mortgage-Related Assets.–The authority of the Secretary to hold any mortgage-related asset purchased under this Act before the termination date in section 9, or to purchase or fund the purchase of a mortgage-related asset under a commitment entered into before the termination date in section 9, is not subject to the provisions of section 9.

Sec. 6. Maximum Amount of Authorized Purchases.

The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time

Sec. 7. Funding.

For the purpose of the authorities granted in this Act, and for the costs of administering those authorities, the Secretary may use the proceeds of the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities may be issued under chapter 31 of title 31, United States Code, are extended to include actions authorized by this Act, including the payment of administrative expenses. Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriated at the time of such expenditure.

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Sec. 9. Termination of Authority.

The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.

Sec. 10. Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

Sec. 11. Credit Reform.

The costs of purchases of mortgage-related asse

Up until now I’ve always kind of liked Section 8′s ever since Klinger tried to get one on M*A*S*H*.

But not anymore.