Vinnys House of Real Estate

NEW YORK (CNNMoney.com) — Mortgage rates fell over the past week, benefiting from the Federal Reserve’s pledge to take all necessary action to stimulate the economy.
The average 30-year fixed mortgage rate fell to 5.48% from 5.59% for the week ended Jan. 28, according Bankrate.com.
The average 15-year fixed rate mortgage slipped to 5.10% from 5.2% and [...]

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Article I found on the net, apparently builders are building homes with similar square footage but very cheap components to get the prices down. This destroys so much value of the more expensive homes right next door!
“Once-standard features, such as additional cabinetry and smooth stucco, are now options. Ironically, the reduced features translate into more [...]

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Looks like part of the bailout money is going to work on stemming foreclosures. Realtytrac estimates another 1million to 2million homes will be foreclosed this year which is staggering.
Fed takes major step toward stalling foreclosures

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All the news isn’t bad, US home sales are rising finally, almost half are distressed sales.
Sales of previously owned homes in the U.S. unexpectedly rose from a record low, propelled by the biggest slump in prices since the Great Depression as foreclosures surged.
Purchases rose 6.5 percent to an annual rate of 4.74 million from 4.45 [...]

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To all you Star Trek Junkies, they have been able to transport two atoms over a meter.
This is the scary part:
“In the Jan. 23 issue of the journal Science, the scientists report that, by using their protocol, atom-to-atom teleported information can be recovered with perfect accuracy about 90 percent of the time — and that [...]

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Note: I am not a lawyer so do not take anything here as legal advice. Always consult a lawyer first.
Do you comply with the ADA? You might need to even if you don’t realize it. Working out of a home office that you also have clients in, is considered a public place and the [...]

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From this article:  http://www.bizjournals.com/phoenix/stories/2009/01/19/daily52.html

Arizona dropped 12,400 jobs in December in the private and public sectors, with 9,300 of those cuts coming in the Phoenix region, according to new state figures.
The state lost 5,800 construction jobs during December and has shed 43,800 such positions since December 2007, according to the Arizona Department of Commerce. Administration services [...]

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Where did it all begin? Well it started because of racial discrimination, so congress enacted the Civil Rights Act of 1866. This gave rights so that everyone could purchase and own property regardless of race. Since the country was still very much divided, the act only helped a few.
Many know about the “separate vs. equal” [...]

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Step by step what the foreclosure process is in Arizona:
In Arizona, foreclosure can be a swift and simple procedure by a mortgage company. Foreclosure is the legal process by which a mortgage company can obtain ownership of a property. It relinquishes a homeowner from any all right to the property and evicts the homeowner from [...]

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Great article on fighting through a foreclosure. There are avenues to help, many lenders will try to work with you, but only after 60 to 90 days of late payments.
If your situation isn’t going to change very soon, short sales are a great way to get out of the debt, finding someone willing to purchase [...]

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