Most people have heard that the foreclosure prevention programs have not been as successful as Obama had hoped. It seems that one of the road blocks has been borrowers with a second mortgage. Apparently there has not been an agreement with the second lien holders which causes the first mortgage
...
01/26/2010
If you are in the market for a home with the intention to get a loan under 5%, you'd better move! The first full week of January Freddie Mac's average 30-year fixed mortgage closed at 5.09%. And once these go up they are not coming back down any time soon. Because of the bad economy the govern
...
01/19/2010
December Residential Highlights Sales activity in the Portland metro area showed marked improvement this December compared to the same month a year ago. Closed sales were up 52.6% compared to December 2008 and pending sales rose 40.9%. New listings also rose 11.9%. On the other hand, compared t
...
01/14/2010
Here is a great article from the New York Times about all the great things about visiting or living in Portland, Oregon. Not only did the author seem to capture the vibe of the city but he visited so many wonderful spots that represent this city so well. He really hit the perfect variety and di
...
01/04/2010
It stands to reason that if a bank makes a loan more affordable for a borrower they are less likely to default on that loan. So why are banks just now deciding to finally get in there and make some modifications? Even now only 4% of homeowners in need of a loan modification are receiving them.
...
12/16/2009
Those who have the means are fixing up their current homes. There is a lot more "nesting" going on lately as more and more people are inquiring into updating their property. Many home owners are looking for more space but after looking at the options, decide to remodel instead of buy a new home.
...
12/10/2009
The Tony and Libby Kelly Group | Keller Williams Portland Premiere | 503-753-7300 9225 SW Garden Home Rd, Portland, OR Gorgeous Sherwood Gem on cul-de-sac! This lovely homes features a nicely updated kitchen with slab granite counters, and tile flooring. Large windows 4BR/2.5BA Single Family Hou
...
12/07/2009
The Obama administration has decided to pressure loan servicers to do what they said they would do, which is help homeowners long term. Many, many borrowers are stuck in trial adjustments when we really need to get them into permanent modifications. The government will be sending teams to the var
...
12/01/2009
Many first-time home buyers decided to take advantage of the expiring tax credit. Add in low mortgage rates with falling prices and the home sales in October were their highest level in 2 1/2 years. As a result, home sales are 37 percent above from their bottom in January. Now that the tax cred
...
11/23/2009
The Tony and Libby Kelly Group | Keller Williams Portland Premiere | 503-753-7300 20880 S Ridge Rd, Oregon City, OR Space, Privacy, Comfort, and Convenience. This Oregon City home features this & more, including huge kitchen w/center island & woodstove, spac 3BR/2BA Single Family House offered a
...
11/23/2009
