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HUD chief to address
foreclosure forum,
an article from the
Rocky Mountain News,
reports that Tuesday
evening, Alphonso Jackson,
secretary of the U.S.
Department of Housing and
Urban Development, will
appear as a keynote speaker
at the "Stop Foreclosure
Now!" free forum that starts
at 6:30 p.m. at Invesco
Field at Mile High. John
Carson, regional director
for HUD's Region VIII office
in Denver said, "He will
help to get the word out
about the resources that are
out here." Jackson is also
expected to speak about the
new temporary increases in
loan limits for Federal
Housing
Administration-insured
loans. According to a HUD
Web site, in the Denver
area, the loan limit has
been raised to a maximum of
$406,250 for a single-family
house, almost 32% higher
than the previous limit of
$308,370. More than 50
counselors will be on hand
to give advice, as well as a
number of lenders. In a
statement, Jackson said, "A
lot of the mortgage problems
we see today are directly
related to the fact that few
people fully understand this
process. Buying a home can
be very intimidating.
Consumers have had no
assurance that the loan
terms and closing costs they
are offered will reflect
what they confront at the
settlement table, and that's
been one of the factors
driving the current housing
downturn. Our proposal
fixes that. We owe it to
the American home buyer to
give them the information
they need to make smart
choices."
http://www.rockymountainnews.com/news/2008/mar/17/hud-chief-to-address-foreclosure-forum/
Working with Buyers of
Distressed Real Estate,
an article from
RealtyTimes.com,
reports that real estate
agents can expand their
business by proving to
be indispensable to
investors who purchase
distressed properties.
Following are a few ways you
can reach out to buyers of
distressed properties and
expand your business by
attending to their needs.
First, there's no better way
to learn what investors need
than by becoming one
yourself. Through investing
you will establish valuable
contacts with lenders and
with contractors, which you
can share with your
clients. Another way to
reach out to buyers is to
show up at the monthly
meetings and talk to the
investors in your
community. Finally, show
investors that they can be
more successful with your
services than without them.
Stay in contact with them
and prove that you are a
contributor to their
success.
http://realtytimes.com/rtpages/20080318_distressed.htm
Additional articles that you
may find of interest:
Ordinance on removing
abandoned buildings wins
commission's OK
http://www.gazette.com/articles/ordinance_34320___article.html/county_buildings.html
Why mortgage rates are still
heading higher
http://money.cnn.com/2008/03/14/news/economy/ratecut_mortgages/index.htm?postversion=2008031809
U.S. home construction falls
in February
http://www.msnbc.msn.com/id/23688219/
Fed is poised to slash a key
interest rate
http://www.msnbc.msn.com/id/23680394/
Direct deposit users to get
stimulus checks first
http://www.msnbc.msn.com/id/23679964/
NAR Economist Among Top
Forecasters
http://www.realtor.org/rmodaily.nsf/pages/News2008031701 |