Just as our local communities have evolved, we've seriously considered for the past several years how we could someday "give back" and "finish well" - expressions that can mean a lot of things to different people.
As part of our research into opportunities for service, in early 2013 we contacted a Peace Corps recruiter who helped us start our journey. But our new path wasn't going to be as straight and easy as we thought! And so we began a transition into something completely different from the routines we've known for the past 30 years - and have begun a path that's leading into the exciting unknown. This will be our story!
By Don | September 26, 2008
If you’re a buyer today, your Realtor is faced with those 3 types of listings. Which listings should she show you? Here’s a look at the pitfalls of each. Read the rest of this article »
Filed under article topic:
Foreclosures,
Home buyers
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By Don | September 24, 2008
Driving around town today, I was listening on XM radio to the live House hearing on the proposed $700 billion bailout bill before Congress. Panel members were given 5 minutes to quiz either Treasury Secretary Paulson or Fed Chairman Bernanke. But each panel member used the bulk of the time to express their opinions, and when they finally got around to asking Paulson or Bernanke a question, there was no time left to answer the question! Read the rest of this article »
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By Don | September 22, 2008
To understand the truly complex and impossible unwinding of the “toxic” mortgage pools Washington and Wall Street are trying to accomplish, let’s look at one REO we’ve been following for months and will be coming on the market soon. It’s a beautiful, 3,000 square foot, dockside home in the 2 year old Seabridge development by D.R. Horton in Oxnard (off Wooley and Victoria). These homes originally sold for well north of a million bucks. This home had a mortgage of $1,000,000 with Countrywide. Read the rest of this article »
Filed under article topic:
Mortgages/Interest rates
Comments Off on Why the $700B bailout will be complex – the saga of 4141 Adriatic Street
By Leslie | September 22, 2008
Foreclosures (filing of a Notice of Default) in Ventura County have been running about 30 – 40 per day, but all of a sudden it dropped to just a handful a day. What’s happened? Read the rest of this article »
Filed under article topic:
Foreclosures
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By Don | September 21, 2008
The $700 billion bailout – what are the ramifications for:
- A potential home buyer or investor – either waiting for the market “bottom”, or simply wanting to buy a home.
- A homeowner who’s “underwater” and struggling to make the mortgage payments.
- A homeowner who’s stopped making payments and is on the cusp of going into foreclosure.
- A homeowner already in foreclosure.
Leslie and I have been talking all weekend, trying to anticipate what might happen in each of these scenarios, and to see if Congress, Wall Street and the Administration might create unintended consequences. Read the rest of this article »
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