What would the best thing for Real Estate be right now? Answer - Lower rates. What can the Government do to help the most people without bailing out the banks that leveraged all those mortgage securities into a whole lot of money before the bottom fell out? Answer - Lower rates. How can we help the average Joe? With lower rates people will refinance and have a lower payment - the extra cash flow can go towards savings or purchasing or stocks or commodities or bonds. A lot of people may just use the extra cash to live. We can stop the current free fall of the housing values by having a reset of mortgages across the board. Those who have been making their payments on time and can continue to do so will have the same payment but the principal will be lower and the length of the loan will be lower also. Those who are in trouble, the lender will look at current value and decide if the loan can be made. If the borrower can not even make a basic house payment based on a much lower rate then they will lose their home but if they are still employed and the negative or adjustable rate is what is hitting them then the lower interest rate and the lower principal will help. Who will this negatively affect the most? Banks and lenders ( investors ). There are a lot of bugs to work out but it is a good starting point.
Don't listen to people who say "It cant be done." Listen to those who ask "How can it be done?"
This morning I came into the office with an e-mail from one of my lender's that had a 5.375% rate with ZERO points. It has since changed but I'm telling you we are still at 5.625% solidly and a real hope for rates to continue to float down. Wouldn't a 3.75% or an 4.25% sound good? What could we do with that? How many deals in our industry would be able to be done? How many more people would be employed? Do you think that could help the economy?
This was an actual headline on CNN Money this morning. That's it - If it's on CNN Money I know it's for real. It's going to happen. Alright - they used it as a lead-in just like I am. It looks like some survivalist blog posts are pushing their idea of a MAD MAX type of future within a few years. Some are pro-Obama and some are anti-Obama. The one underlying theme is gloom and doom. I do believe that our approach should be from the positive perspective. Yes I know my Bible and I can see that things sure look difficult at the end but do I live my life in a gloom and doom cloud? Not at all. As professional Realtors we know the way the market fluctuates. Some have been around for a long time and have rode the waves in the past. So how do we respond?
1. Be positive.( Not Pollyanna ) Show the history of the numbers. What is the potential.
2. Be honest. Show the upside and downside of the sale.
3. Know how to overcome objectives. Again the numbers from the past really help.
4. It's their decision. Your goal is to gain trust, to establish a relationship. Your goal isn't to win.
The most efficient way to get someone out of the gloom and doom mode is by the facts. For long term doom and gloomers (Eeyore syndrome )I believe it's possible through prayer.
Purchase or Refinance, Stick built or Manufactured Housing. Commercial and Manufactured Housing set up Construction. We work with an Attorney Group to help with LOAN MODIFICATIONS. 100% PERS Loans
We work hard for you. We don't change loan terms. We cover step by step the loan process to make you feel at ease. You will know what point you are at and a time-frame to completion. FULL UP-FRONT disclosures, The BEST RATES available. We know the market and keep an eye on the rates throughout the day. We know the best possible time to lock the loan.
MOSTLY - We get to know you, we find out about your plans and your direction. Where do you see yourself in 5 or 10 years? What do you want to accomplish? This is all vital to not only the loan process but the relational part of it. I'll tell you how. What you plan on doing helps us determine what the best type of loan fits you. Is this you dream home? Is it a starter home. We find the type of funding necessary to fit your needs. Plus we have a variety of lenders that have their own specialties. We will find the best lender for your needs. A lender is like an Art Gallery and it's investor's are it's critics. They only accept the finest art. They don't want any Polaroid snapshots. They won't accept paint by number. And, they certainly aren't interested in paintings that are incomplete or not very marketable. Our job is to ( by the stroke of the brush ) paint your financial portrait in such a way that it makes them desire, yes desire you as a client. a portrait that any Art Gallery would want in their most esteemed position. We accomplish this goal by getting to know you and by our skill and ability to paint the most superb portrait possible. We know what to ask and how to present it. Put the brush in our hands and tell us who you are and we'll make even the stanchest critic stop and gaze at your portrait.
MORTGAGE MODIFICATION, LOAN RECASTS, LOAN REDUCTION!!!! Many names are being used but WATCH OUT! Like the people selling water for $20 a gallon after a hurricane, or actual ambulance chasers ( attorney's handing out their card at car wrecks ). The roaches have come out. NEVER, NEVER, NEVER pay upfront fees to reduce your mortgage. A legitimate company will research and verify if it is even possible. We work with a professional, respected team of Attorney's that research and verify, based on your actual income and expenses and all financial data gathered wether we can help you or not. Then and only then will we proceed and with a money back guarantee that we will lower your payment and lower your principle. We can not guarantee any amounts because our attorney's will be in negotiations to get you the best deal possible. Do not get suckered in with the HOPE FOR HOMES program name being thrown around. Most legitimate recast systems don't even use that program because the homeowner shares ALL equity forever, yes forever with the Government.
Year 1 - 100% goes to Uncle Sam
Year 2 - 90% goes to Uncle Sam
Year 3 - 80% goes to Uncle Sam
Year 4 - 70% goes to Uncle Sam
Year 5 - 60% goes to Uncle Sam
Years 6 - Payoff 50% goes to Uncle Sam
Call us today. We can get the information from you and have a decision to you that will be able to change your financial future.
TUOLUMNE COUNTY: JAMESTOWN - Black Jack Bluff, Chinese Camp, Chicken Ranch, Golden Oaks, Jamestown Proper, Kanaka Creek, Keystone, Mill Villa, Moccasin, Mother Lode West, O'Byrnes Ferry, Park Avenue, Peppermints Falls, Pulpit Rock, Rawhide MHP, Rawhide Road, Rolling Hills, Rolling Oaks, Sonora T Lodge, Stent/Jacksonville, Twin Pines, Volponi/Fairway Acres, Yosemite Junction, Jamestown Road; COLUMBIA - Big Hill Area, 49er MHP, Columbia Country Estates, Columbia MHP, Columbia Proper, Columbia Sky, Covington Road, Gold Rush MHP, Gold Springs, Gold Springs Townhouses, Highway 49, Italian Bar, Mormon Creek, N. Airport-Columbia, Parrotts Ferry, Pedro Y, Roll in MHP, Sawmill Flat, Springfield Acres, Tuttletown, Yankee Hill; SONORA - Apple Valley, Bald Mountain, Browns Flat, Campbell Flat, Campo Seco, Cuesta Oaks, Cuesta Serena, Elks Hill, Gibbs Ranch, Greenley Road, Lime Kiln Road, Mtn. Brow, Myers Hill, Quail Hollow, Quail Ridge Ranch, Racetrack Estates, Rancho Sonora, Rough & Ready, Saratoga Acres, Shaws Flat Area, Sonora Hills, Sonora Knolls, Sonora Proper, Southgate, Star MHP, Sunshine Hill; EAST SONORA - 5 Mile Spot, Bluebell Valley, Cascade MHP, Christian Heights, East Sonora, Edgemont Acres, Emerald Ranch, Hess Estates, Lambert Lake, Mono Village, Mother Lode MHP, Mt. View Acres, Old Wards Ferry, Peaceful Valley, Tamarron MHP, Tuolumne Rd/Standard; PHOENIX LAKE - Alpine Acres, Bear Club Estates, Bellview, Bellwood Estates, Lakeside, Lower Crystal Falls, Oakhaven, Phoenix Lake, Phoenix Lake Park, Phoenix Lake Country Club Estates, Ponderosa MHP, Potato Ranch, Ridgewood, Scenic Brook View, Sonora Meadows, White Oaks; MONO VISTA - Black Oak Rd, Camp Sunshine, Chaparral Heights, Curtis Creek Ranch, Diamond Bar, Draper Mine, Green Acres, Hacienda Heights, Mono Vista, Mono Vista MHP, Monte Grande Heights, Oak Garden Estates, Rancho Poquitos, Sonora Vista, Soulsbyville, Willow Springs, Yost Ranch; BIG HILL/CEDAR RIDGE - Big Hill, Cedar Ridge, Comstock Ranch, Goldmont Forest, Longeway, Mt. Elizabeth, Oakridge Ranch, Upper Crystal Falls, Wildcat Ridge; TUOLUMNE - Buckhorn, Miramonte Acres, Mt. Provo, Muller Subdivision, Wards Ferry, Tuolumne Proper, Westside, Woodham Carne, Yosemite Road; PONDEROSA HILLS - Arastraville, Cherokee Farms, Half Mile Road, Marshall Tract, Ponderosa Hills, Tomira Meadows; TWAIN HARTE - Black Oak Estates, Brentwood Park, Cedar Pine Vista, Cedar Springs, Confidence Ridge, Confidence South Fork, Forest Vista, Heavenly Hills, Hunts Camp, Jupiter, Knox Road, Lakewood Highland, Lakewood Park, Lynnwood Estates, Mt. Knight, N. Tuolumne Rd, Sherwood Forest, South Fork, Twain Harte Valley, Twain Harte Proper, Twin Lakes; MI WUK VILLAGE - Leisure Pines, Lyons, Mi Wuk Village, Sierra Village, Sugar Pine; LONG BARN - Long Barn, Merrill Springs, Odd Fellows, Peaceful Pines, Slide Inn, Sno Bowl; PINECREST - Above Leland Meadows, Cold Springs, Leland Meadows, Peter Pam, Pinecrest, Strawberry, Strawberry Ridge; GROVELAND - Big Oak Flat, Buck Meadows, Groveland, Hardin Flat, Pine Mountain Lake; DON PEDRO - J59, Don Pedro, Moccasin Point.
CALAVERAS COUNTY: Angels Camp, Avery, Copper Meadows, Copper Cove, Copperopolis, Mtn. Ranch, Murphys, O'Byrnes Ferry, Poker Flat, Lake Tulloch, San Andreas, Valley Springs.
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