Comments for http://mycarmelrealestate.com When you work with Kim...It's all about you! Thu, 20 Nov 2008 21:57:45 +0000 http://wordpress.org/?v=wordpress-mu-1.0 Comment on Stimulus Package, To Be or Not To Be… by John Juarez http://mycarmelrealestate.com/2008/03/09/stimulus-package-to-be-or-not-to-be/#comment-8 Mon, 10 Mar 2008 17:21:08 +0000 http://mycarmelrealestate.com/2008/03/09/stimulus-package-to-be-or-not-to-be/#comment-8 Kim, The jury is still out as to who will be helped by this economic simulus package. As you mentioned, and it is the same in our area, the old conforming loan limit of $417,000 was not adequate for the majority of the purchases. First time home buyers in our area will now be able to get better loan rates and more flexible qualification standards. This will be good for them. Another group of winners will be those who will be able to refinance their existing loans into new loans with lower rates. As for those homeowners whose home values have declined below their outstanding loan amounts...there is nothing in the stimulus package to stimulate them. They remain unable to refinance, unable to sell and pay off their loans, and they remain candidates for foreclosure. John Kim,

The jury is still out as to who will be helped by this economic simulus package. As you mentioned, and it is the same in our area, the old conforming loan limit of $417,000 was not adequate for the majority of the purchases. First time home buyers in our area will now be able to get better loan rates and more flexible qualification standards. This will be good for them.

Another group of winners will be those who will be able to refinance their existing loans into new loans with lower rates.

As for those homeowners whose home values have declined below their outstanding loan amounts…there is nothing in the stimulus package to stimulate them. They remain unable to refinance, unable to sell and pay off their loans, and they remain candidates for foreclosure.

John

]]> Comment on Broker tour tid bits… by <![CDATA[kdibenedetto]]> http://mycarmelrealestate.com/2008/01/18/broker-tour-tid-bits/#comment-6 Fri, 18 Jan 2008 19:14:02 +0000 http://mycarmelrealestate.com/2008/01/18/broker-tour-tid-bits/#comment-6 Actually, I forgot I had that happen too. It was a tenant that forgot I was showing his apartment that was part of a 4-plex I had listed. Luckily he heard us start to come in and yelled out that he would be right out, could we wait. So we waited outside until he was dressed-I think he was more embarrassed than we were! Actually, I forgot I had that happen too. It was a tenant that forgot I was showing his apartment that was part of a 4-plex I had listed. Luckily he heard us start to come in and yelled out that he would be right out, could we wait. So we waited outside until he was dressed-I think he was more embarrassed than we were!

]]> Comment on Broker tour tid bits… by <![CDATA[condocontessa]]> http://mycarmelrealestate.com/2008/01/18/broker-tour-tid-bits/#comment-5 Fri, 18 Jan 2008 18:55:01 +0000 http://mycarmelrealestate.com/2008/01/18/broker-tour-tid-bits/#comment-5 Hi Kim, I guess that's better than finding someone in the shower! Hi Kim,
I guess that’s better than finding someone in the shower!

]]> Comment on What happened while I was in the restroom? by <![CDATA[kdibenedetto]]> http://mycarmelrealestate.com/2007/11/27/what-happened-while-i-was-in-the-restroom/#comment-4 Tue, 27 Nov 2007 06:31:07 +0000 http://mycarmelrealestate.com/2007/11/27/what-happened-while-i-was-in-the-restroom/#comment-4 Very true! Very true!

]]> Comment on What happened while I was in the restroom? by <![CDATA[jrjwrites]]> http://mycarmelrealestate.com/2007/11/27/what-happened-while-i-was-in-the-restroom/#comment-3 Tue, 27 Nov 2007 06:25:51 +0000 http://mycarmelrealestate.com/2007/11/27/what-happened-while-i-was-in-the-restroom/#comment-3 Buyers, Sellers, Listing Agents, Buyers' Agents...everyone is learning the rules of the current real estate market ...and lets not forget lenders and appraisers. It does not matter whether you are selling, buying or participating in real estate as an agent, lender or otherwise, this is an exciting and challenging time. Buyers, Sellers, Listing Agents, Buyers’ Agents…everyone is learning the rules of the current real estate market …and lets not forget lenders and appraisers. It does not matter whether you are selling, buying or participating in real estate as an agent, lender or otherwise, this is an exciting and challenging time.

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