Storm Lake, IA

Quick note to all my readers and all the Storm Lake and Alta, Iowa locals. I have had a very busy week showing properties, attending a closing for a great couple from Colorado - Stacey and Alan Schlechten, negotiating a commercial building purchase, analyzing a couple of income properties for an investor and finished it up having great fun helping mud the drywall in the new basement of a wonderful couple of friends - Brad and Cindy Pedersen with a bunch of other friends - John Hase, Joyce Rydstrom, Matt Younie, Gary Launderville, Ronnie (you know my husband), sorry if I missed anyone.

Soon, many of you will receive my new real estate newsletter, "Your Home Newsletter", yeah I know not too original but it gets to the point, kind of like me.

One thing to keep in mind all you newly weds, college graduates, mid 20's, late 20's, you get the point, if you have been thinking about buying or selling a property now is the time. Interest rates are rock bottom, many below 5% and on top of that if you are a first time home buyer you may qualify for up to $8,000 in tax credit! Call me, let me help you get into that home you've been longing for - we have a lot of great new homes on the market and new coming on everyday. OK, I'm beat, it's snowing sideways and it's forecast to snow 6-10 inches and we have a real blizzard warning till 1 tomorrow afternoon, I'm packing it in for the night.

Did you know:

• With an FHA loan the 3.5% Total Down Payment can be gifted by a relative? Down payment assistance from the seller is also allowed
• Low mortgage income insurance premiums
• No median income requirements
• In our area the maxium loan balance is $271,050 now that's a lot of house in Storm Lake and Alta Iowa
• Less restrictive credit scores than conventional loans
• and leaving the best to last - Great Interest Rates.

Give me a call Georgia Weaver (712-574-5426)and I will help you get FHA qualified and then find a home to fit your needs!

If you are as confused about insurance as I was checkout this article from Bankrate.com. It is excellent at explaining what insurances you don't need, the ones that really aren't much, if any, help to you but really help line the pockets of the insurance company.

I don't completely agree with the article on 1 type of insurance noted here: Flood insurance I believe is vital if you are in the 100 year flood plain. My belief in this is the result of being in a lot of floods and seeing the devastation the Mississippi caused along the eastern border of Iowa this year.

This article will help you get on a firmer footing with your insurance company, if they have you in one of the insurances noted in this article get them on the phone or better yet visit them in person, take this article, ask them to explain why you need the insurance in question and then decide for yourself. If you are trying to buy a home or trying to just make your mortgage and stay out of foreclosure this information may help you get your budget under control.

Realtors, this is a good area to address when you have Sellers come in who are getting close to or who are already in foreclosure proceedings. It is also a good area to have your Buyer clients review with their insurance agent prior to buying.

http://www.bankrate.com/brm/news/insurance/20080909_useless_insurance_a1.asp

Location of Property: 621 IOWA STREET, Storm Lake Iowa 50588

The described property will be offered for sale at public auction for cash only as follows:

Date of Sale 12/02/2008 Time of Sale 10:00 AM

Place of Sale BUENA VISTA COUNTY SHERIFF OFFICE

411 EXPANSION BLVD STORM LAKE IA

Judgment Amount Accrued Costs Costs Interest Sheriff's Fee's

$65,609.43 PLUS $1,082.00 $6,411.29 Pending

Attorney Gregory Kreitner

126 WEST SECOND ST MUSCATINE, IA 52761

Want to learn more about our area; check out the Storm Lake Iowa Chamber of Commerce website. It is a great starting place to learn about what this area has to offer, what's going on and how to get involved. There are links to local businesses, events, organizations, the new destination park (king's Pointe), the water park, housing, government offices and officials, etc..........

Some of the most recent news in our area has included a large furniture and flooring company coming to town, the reinstatement of the land purchase option by the ethanol plant looking at the possibilities of building a plant between Alta (4 miles to the west) and Aurelia, the work on the AWAYSIS Project and the new condos. There is also a rumor that there are 2 large companies looking at Storm Lake as a site for manufacturing and as a site for offices. Check back often for updates on these topics.

http://www.stormlakechamber.com/index.htm