Lisa Wiseman

So are the Chinese correct? Is it a bad idea to trust the government with your funds?
Few of us, if any thought this would be an issue here in the free world, but here we are.

Now the banks that we are bailing out are refusing to disclose how they are spending
our money!! Imagine trying to borrow money from them without a plan on what you
were going to do with the money!

'We're choosing not to disclose that', said Kevin Heine, spokesperson for Bank of
New Your Mellon, which received $3billion. Said 'Thomas Kelly, spokesperson for
JPMorgan Chase, 'We have not disclosed that to the public. We're declining to.'
Excuse me, CHOOSING??? DECLINING??? Can you see your request for a loan
being approved with these words? Can you see us never getting out of this mess
with this type of unaccountability? AAAARGGHHH!!

Whose running this show? The 3 Stooges?

This explains how we got into this mess in the first place.

If you are a primary caregiver for a loved one, you are well aware of the daily stress and emotional and physical impact it can have on your health.

Susan learned this first hand when she and her husband, Tom, brought his Mom home to live with them. Mom suffered from dementia and had to be watched constantly. Susan found that when you become a caregiver, you start by giving up a few things you usually do for yourself to make up for the time needed for caregiving. Even though your service is one of love and you are willing to do the sacrifice on behalf of your loved one, you find yourself giving up a lot more as time goes on.

"As a caregiver," Susan laments, "You are often frustrated that you can't do enough for your loved one and so guilt and feelings of inadequacy set in. Couple that with feelings of being unduly burdened, of resentment, of stress and then of more guilt at having those feelings."

She continues, "Now don't get me wrong, I am very glad that I spent those years in caregiving. There were many cherished moments with Mom that only I experienced."

In order to enjoy those moments and sustain your caregiving momentum, a little respite is essential.... read the entire article by going to the link below:
http://www.planforcare.org

Servicers (which are usually not the same as originators) will use a streamlined loan modification process to help eligible borrowers. The SMP applies to borrowers who have missed at least three monthly payments on their existing mortgages. To be eligible, criteria include conforming conventional or jumbo conforming mortgage loans originated on or before January 1, 2008; at least three payments past due; limited to one-unit properties that are the borrower's primary residence; current mark-to-market LTV of 90 percent or more; and the property cannot be abandoned, vacant, condemned or in a serious state of disrepair. Servicers may modify eligible borrowers mortgage loans in order to reduce their monthly mortgage payments to an amount equal to 38% of their monthly gross income with actions in the following order: capitalize accrued interest, escrow advances and costs, if allowed by state law; extend the term of the mortgage loan by up to 480 months; reduce the mortgage loan interest rate in increments of .125% to a fixed rate that is not less than 3% (if this exercise results in a below market rate, it will, after 5 years, step up in annual increments to a market rate); and, as a last resort, provide for principal forbearance, which will result in a balloon payment fully due and payable upon borrower's sale of the property or payoff or maturity of the loan.

Contact me at (408) 591-7778 for the name of a competent and trustworthy advisor.

Welcome to my blog; 'Real Dirt; Real Estate That is!

Borrowers for FHA purchase transactions are required to make a 3.5% down payment. AS of Jan 2009

• As a result, the maximum LTV without the upfront mortgage insurance premium will be 96.5%.
• The LTV, including upfront mortgage insurance, may not exceed 100%.
• The base loan amount before upfront mortgage insurance may never exceed FHA's maximum mortgage limit for the county in which the property is located.
• Closing costs may not be used to help meet the 3.5% down payment requirement.
• The 96.5% LTV is calculated using the lesser of the appraised value or purchase price.
• FHA will continue to permit premium pricing to pay the closing costs and prepaid expenses.
• When combined with the FHA first mortgage, government subordinate liens are not limited to 100%.
• When a unit of government or an instrumentality of one is offering down payment and/or closing costs assistance in the form of secondary financing, the CLTV can exceed 100% of the appraised value.

Please feel free to contact me at (408) 591-7778 for more informtaion and the name of a competent and trustworthy mortgage advisor

Have you ever wanted to move to another community or downsize, but the property taxes
of the new home made it non cost-effective? If you are 55 or over and live in California,
you can take advantage of Proposition 60. This proposition allows you to transfer your
current tax base to your new home as long as you move within the same county and the
home you purchase costs the same or less. It is only transferable to a few counties under
Proposition 90.

If you're not 55 yet, something to look forward to!

Call me at (408) 591-7778 for more information..