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NAR President Charles McMillan's Statement on Possible Treasury Action |
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Friday, 12 December 2008 00:00 |
The following is a statement from National Association of Realtors® President Charles McMillan:
“The National Association of Realtors® has been advocating a four-point plan to help stimulate and stabilize the housing market and the overall economy. Part of the plan calls for changes in how the Treasury uses TARP funds and other monies to lower mortgage interest rates.
“We are pleased to see that the leadership of the Treasury Department is seriously considering the actions we discussed to lower interest rates. The result of such action will help the nation’s economic recovery and bring stability to the housing market.
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Save Your Home From Foreclosure |
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Monday, 08 December 2008 00:00 |
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Being faced with a foreclosure on your house is one of the most traumatic situations in life. You are troubled about losing your house and your investment, and you dislike the thought of a foreclosure and the effects it will have on your credit ranking and your potential. In certain circumstances, and in certain situations, there is an alternate to a foreclosure, which we called it, a deed in lieu of foreclosure. In order to attain a deed in lieu of foreclosure, financial lender and the house owner both must agree to sign over the title of the deed to the lender. In other words, the financial institution will now own the house in question. In return the original homeowner is alleviated of paying back the debt still owed on the house. The house holder in default have no more liabilities in regards to the said home, and by acquiring this agreement with the lender, the deed in lieu of foreclosure will not influence the homeowners credit rating like a conventional foreclosure would. The agreement to go for the deed in lieu of foreclosure must be prepared at the start of the foreclosure process. The deed in lieu of foreclosure is an out of court agreement. |
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The Ballen Group of Coldwell Banker Las Vegas to hold Las Vegas Shortsale Real Estate Seminar |
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Friday, 05 December 2008 00:00 |
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The Ballen Group of Coldwell Banker Wardley Las Vegas Real Estate holds a Las Vegas Shortsale seminar for home owners who owe more on their mortgage than their home is worth. The Ballen Group announces their monthly Las Vegas Shortsale Seminar for Home Sellers. Many Las Vegas mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in Las Vegas. With the prices of Las Vegas homes decreasing, and the interest rates on previous subprime loans increasing, many Las Vegas home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The home owner hires a Real Estate agent, such as The Ballen Group of Coldwell Banker Wardley Las Vegas Real Estate to sell their home and negotiate the sale with the bank. |
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Overland Unveils REO Compass Disk Appliance Improved Remote Data Protection and Backup Consolidation |
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Wednesday, 03 December 2008 00:00 |
Overland Storage, Inc. ( Nasdaq: OVRL ) unveiled the REO® Compass, a revolutionary, disk-based appliance that moves backup data efficiently and securely between remote sites while seamlessly integrating with existing backup software, policies, VTLs and physical tape libraries. REO Compass eases the consolidation of data backups from remote sites to a central location for global, optimized backups across all offices and data centers.
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Saturday, July 04, 2009