Home sales up 5% and prices rise.

First good news in the Housing Market in twelve months, mortgage rates drop below 5% and loan applications up by over 20%, hopefully this is a turnaround, , click here for MarketWatch report.

Also, some help with “Mortgage Modifications” and more;
Reduce your loan balance
Transfer o/due payments to the end of the loan
Lower your monthly payments
Just contact Mike Sheehy and our Loss Mitigation Department.

First-Time Home Buyer Tax Credit in Stimulus

President Obama just signed the Stimulus Package into Law 02/17/2009, one of the provisions is a “First-Time Home Buyer Tax Credit” on any style of home, this is available immediately and in some cases back dated to January 1st 2008.
Click here to learn how to take advantage of this Tax Credit to buy the home of your dreams, go to; www.federalhousingtaxcredit.com
Also check out the most frequently asked questions, plus answers.

Cyberhomes – Vaules, Sale/Lease,Foreclosures.

Click here; Search Options; just enter your criteria (a) Value (b) Location plus Zip Code and catagory on SEARCH LINE.
Find the right neighborhood and the right home.

Home Values – 75,534,707

For Sale – 2,696,648

Foreclosures – 530,032

Neighborhoods – 701,446

Schools – 126,197

“I WON” The President reminds the Republicans.

President Obama reminded the Republicans (the obstructionists) that
“I WON” and my stimulus package will prevail, he also pressed for a quick jolt to the Economy.
For the first time as President, Mr. Obama met with leaders of both parties in Congress, in keeping with his campaign promises.
Click here for these articles, plus others in a day focused on the economy as follows;

Stimulus Package
Unemployment
Social Security
Medicare
Taxes
Peter R. Orszag, Budget Director
Timothy F. Geithner, Treasury Secretary.

U.S. and Global Recessions Are Deepening, looking forward to new goverment 1/20/09

The National Association of Home Builder’s January 2009 issue, plus the following very interesting articles, click here for the whole article;

1) The Labor Market is Taking it on the Chin
2) Causes of Recession Are Many and Varied
3) The Fed’ Shifts to ‘Unconventional’ Polich Tools
4) The Current Policy Structure is INADEQUATE
5) More Fiscal Stimulus is on the Way
6) Housing Should Be a Prominent Part of the New Stimulus Package
7) The Housing Outlook is Contingent on the Policy Structure

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