Liz Warren
Displaying blog entries 1411-1420 of 1921
Great news! According to RealtyTrac Inc. Oregon has slipped out of third place in foreclosure activity in July. Here are the top ten numbers for the month of July.
What is HAMP? Home Affordable Modificaiton Program This government program helps homeowners get their payments modified so they can stay in their homes.
This chart shows the numbers of modifications currently in process.
Some of the dept to income ratios are shocking for modifications. The modification program does not work for many and after you see the numbers you'll know why. The median front end, or housing dept to income ratio was 44.8% of the income but combined with total debt, the median dept to income ratio was 79.7%. Yes, nearly 80% of the income of the borrower went to servicing debt.
After the HAMP modification, that total debt to income for all debts went to 63.5%. That is a huge amount of debt even after modification. This explains why there are still failures and drop outs after the modifications take place and why it has not been the big success the government had hoped for. It also shows why banks have not been quick to act in completing this program since they often end up foreclosing on the property any way.
The recently funded USDA loan program has just been refunded for our area. This includes Welches, Rhododendron, Brightwood and Government Camp. This program is for low income earners and is in very high demand. The loan is 100% financing!
Details may be found here.
LIVE WITH PASSION!
When you're ready to ride, don't wear your Nikes. Put on your boots and spurs, and let your horse know you mean to ride hard. Then - ride with passion.
How many times have you thought of achieving a dream - only to spend more time in the dreaming and planning than in the doing? No problem - we all do it from time to time. The old nemesis - fear of failure and the unknown - haunts all of us occasionally, keeping us from reaching our objective.
Think back to the last time you took action with a burning passion! Were you competing for a gold medal, fighting for your life under adverse circumstances, or vying for the heart of your beloved? Something was motivating you to the limit, and you refused to quit.
So, what's your passion right now - today? Maybe it's an education, a new career, getting in shape, having more freedom, money & status, or closer family ties. Whatever your desired direction in life, put on your spurs, mount your horse, and hit the trail! There's no greater joy in life than putting everything you've got into an achievement - and then realizing you've overcome all the obstacles.
Ride hard, buckaroo!
Here are Mt. Hood foreclosures for Government Camp, Welches, Rhododendron, and Brightwood. These are actively listed foreclosures near Mt. Hood. Don't miss the three condos at Collins Lake in Government Camp!
Call me for any addtional information you might need!
One of the very few remaining Alpenglade lots in Government Camp closed in July, 2010 for $230,000 cash. Lot sales have been few and far between with the slowing down of the real estate market. I am pleased to report that I was the marketing agent for this property.
If you've kept up with recent reports you will find that the majority of sales for 2010 were pushed up to the first half of the year due to the first time home buyer's credit. Sales plummeted since that time. Buyers who may have bought later in the year pushed their plans forward leaving a 30% drop in sales for Jully.
Brightwood, Rhododendron, Welches and Government Camp saw three closed sales for residential properties for the month of July. Two of these homes were foreclosures. Here are the sales:
The Portland Metro RMLS data has been released for the Mt. Hood Area market place from Government Camp, Welches, Brightwood and Rhododendron. This compares numbers from 2009 to 2010. Here are the numbers:
Total listings and inventory is increasing. Pending sales hit 45% less than 2009. Marketing times are increasing. For these three properties, despite the fact that they were foreclosures hit 232 days for a sale.
This is the perfect time to find a beautiful creekfront home in the Mt. Hood area. If you've been considering a waterfront getaway in Welches, Rhododendron, Brightwood or Government Camp, these are the creekfront single family homes that are available. These all should qualify for conventional loans to take advantage of the super interest rates currently offered. Here are the kid and pet friendly creek homes available:
Unique opportunity for Mt.Hood riverfront home buyers! There is an excellent selection available. We haven't seen this many choices in over a decade with many choices on the Salmon and Sandy Rivers. Prices are lower than we've ever seen before. These properties should all be bank financeable. Take a look at these great values. They many never be this low again so take advantage of today's rates and inventory. Here are the waterfront stars:
Displaying blog entries 1411-1420 of 1921
