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Your REALTOR:
Debra Kukulski
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November 2008
"The highest compliment a client can give me is to trust me with a referral, this is how I build my business!"
If you have a friend or family member looking to buy or sell a home please pass their name and number along to me and I will give them the same great service I give to all of my clients! I can also help
people find a Realtor nationwide!
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Copyright © 2008 Realty Times
All Rights Reserved.
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Smaller Homeowner Relief Already In Place
 Don't wait for home owner bailout provisions to trickle down from the $700 billion Emergency Economic Stabilization Act of 2008," (H.R. 1424) recently rushed through Congress.
When it comes to help from new federal legislation for distressed home owners, the $300 billion "Housing and Economic Recovery Act of 2008" (H.R. 3221), signed earlier this year, can provide more immediate relief.
The $300 billion recovery act has both a mandated mortgage modifying provision and a voluntary "Hope For Homeowners" (H4H) refinance program, for home owners who qualify.
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Mortgage Rates
U.S. averages as of October 30, 2008:
30 yr. fixed: 6.46%
15 yr. fixed: 6.19%
1 yr. adj: 5.38%
<!-- <B>30 yr. jumbo: 6.98%</B>-->
View current rates
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President Bush signed the larger $700 billion stabilization act on Oct. 3, 2008, but it is, in-part, "stay tuned" legislation. Exactly how it will be implemented to help home owners -- or the economy at large, for that matter
CONTINUED >>>
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Good News For
Qualified Buyers
 A recent survey released by Trulia, a real estate search engine, community forum center, and reporter of market trends and data, found that a "crisis of confidence" exists among key groups of U.S. homebuyers.
Not surprisingly, much of the lack of confidence in the real estate market stems from the mortgage fallout, the instability of the real estate market, uncertainty of economic times, and the upcoming election.
According to the survey, which included about 1,500 respondents, 70 percent of non-homeowners have no plans to purchase a home in the next 12 months and nearly half in the 18 to 34 age group say the reason is because it's too costly. While those in the 35 to 44 age group are concerned that they might not be able to qualify for a home loan. The survey also found that only 12 percent of the non-homeowner respondents said they expect to buy a home in the next 12 months.
In a press statement, Pete Flint, CEO of Trulia said, "This combination of CONTINUED >>>
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Credit Unions To The Rescue
 Been down to your friendly neighborhood credit union lately?
You could find that elusive home loan you been unable to get anywhere else.
Credit unions didn't need a bail out during the Great Depression, they didn't need federal intervention during the Savings & Loan debacle and they don't need government assistance now. In fact, right now, they are rolling out the red carpet for home loan borrowers.
During the boom, credit unions avoided writing subprime home loans and other easy-money mortgages. They also shunned selling packages of mortgages to Wall Street moguls who packaged them into now low- to no-return securities. That means credit unions are relatively untainted by the credit squeeze and they have both money to burn and a sound business foundation that allows them to keep on lending.
Instead of fearing the next Great Depression, member-owned credit unions are bracing for what could be their boom time in home loans and other financial services, now that banks and mortgage lenders are crashing and burning.
Mortgage production among credit unions is small by comparison to banks and mortgage lenders, but their originations rose a whopping 10.1 percent during the first half of 2008, according to the industry's federal regulator, the CONTINUED >>>
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How Can Debra Kukulski Help You?
If you are seeking a top, experienced professional who will listen, coach and help you work through your transaction so that you can relax and enjoy the fun and rewarding part of buying/selling, call Debra directly at 847-516-6760 or visit her excellent website for real estate, area, community, and school information. You can also search over 120,000 listings from her website: http://www.TheresNoPLaceLikeYourPlace.com.
Ask her about her exclusive 'Sellers Marketing Plan' which includes extensive internet exposure for your home, or her 'Preferred Buyers Program', where you will recieve daily notifications of new listings from ALL of the offices that match YOUR criteria and a private, password protected, interactive web site that is updated daily for you AND has all of the details and pictures! (Trust me, you will LOVE this!)
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Debra Kukulski, ABR,GRI,RECS,e-PRO
E-mail: deb@debrakukulski.com
Web: http://www.debrakukulski.com/
Direct: 847-516-6760 |
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RE/MAX Unlimited Northwest Cary Grove Crystal Lake
847-639-6600
7107 Pingree Road (Corner of Pingree at 14)
Crystal Lake, IL 60014
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Equal Housing Opportunity
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