first
Bone Thugs-N-Harmony- First of the Month
wake up wake up wake up its the first of the month get up get up get up
Duration : 0:4:50
First Time Home Buyer Loan – FHA Mortgage after Foreclosure – RealEstateMarketingThisWeek.com
http://realestatemarketingthisweek.com – FHA Guidelines regarding foreclosures and first time home buyers –
Part 7 – Ok I was just checking because I thought this was a story about all the mortgage backed securities that were going under. It started at the top and it worked its way down. The reality of it is that people were buying homes, not reading what they were signing, not understanding how it worked and shame on the people who were putting it in front of them, knowing that they didnt know and we all need to take a little responsibility here for this past crisis. It is not just the Wall Street firms; its not just the mortgage companies and banks, the brokers have little in fact to do with it, we didnt create the loan products that people were buying, we were merely disseminating it to the public. I am glad to say I was not a part of any of that. I was able to stay away and do traditional, conventional type financing for people. So luckily I didnt have a lot of clients who got stuck into that nightmare.
Speaking of that nightmare, Dan when we talk about the people who have had foreclosures, their lives have been turned around, turned over and they think that there is no where for them to go. One of the nice things about the Federal Housing Administration loan, the FHA loan, thats the first time home buyer type loan, the minimum down payment loan, its only 3 years after you have had a foreclosure that you can qualify to purchase a home again. So it is important if you have had a foreclosure, you need to point your future away from the flame, you need to save your money, do your best, work as tightly as you can on a budget and look forward to that time when you can go back out and buy a home again.
Property values are going to be up from where they are today, but there is still going to be plenty of great value out there and there are not going to be loan products that are going to get you in trouble again. They wont exist. What really caused the great inflation in home values starting in about 2002 was the financing was just getting crazy. I wont get into a whole lot of technical stuff about mortgage backed securities and all that, but the lenders were creating products, selling them off their books, thinking that they would never have to worry about them again. They sold trillions of dollars worth of these loans and those are the ones that are going bad.
Ones that were toxic in the first place: the stated incomes, the option ARMs, all those loans are all gone now. I was saying earlier today that we are back to where we were in financing in 1992-1993, back when the median home price was $75,000. Now I dont think we are going to go anywhere near that again, I think at $130,000 we are getting real close to the bottom of the market and what I was thinking was when I got into the business in 1995 and you were in at about the same time I was, and I remember talking to a guy who comes into our office to sell us loan programs, now this is the very beginning of the really crazy stuff, and he was saying we can do 70% no doc loans.
We go, what do you mean? If somebody puts down 30% they dont have to verify anything, they dont have to verify their employment; they dont have to verify taxes, anything. We were absolutely floored, but by the peak of the market we were doing 100% no doc loans. If you were breathing they gave you a loan and the credit scores didnt have to be that high, I think I saw them as low as 600… http://realestatemarketingthisweek.com
Duration : 0:5:36
The Wanderer U2 Featuring Johnny Cash
From Zooropa, Featuring Johnny Cash
I went out walking
Through streets paved with gold
Lifted some stones
Saw the skin and bones
Of a city without a soul
I went out walking
Under an atomic sky
Where the ground won’t turn
And the rain it burns
Like the tears when I said goodbye
Yeah I went with nothing
Nothing but the thought of you
I went wandering
I went drifting
Through the capitals of tin
Where men can’t walk
Or freely talk
And sons turn their fathers in
I stopped outside a church house
Where the citizens like to sit
They say they want the kingdom
But they don’t want God in it
I went out riding
Down that old eight lane
I passed by a thousand signs
Looking for my own name
I went with nothing
But the thought you’d be there too
Looking for you
I went out there
In search of experience
To taste and to touch
And to feel as much
As a man can
Before he repents
I went out searching
Looking for one good man
A spirit who would not bend or break
Who would sit at his father’s right hand
I went out walking
With a bible and a gun
The word of God lay heavy on my heart
I was sure I was the one
Now Jesus, don’t you wait up
Jesus, I’ll be home soon
Yeah I went out for the papers
Told her I’d be back by noon
Yeah I left with nothing
But the thought you’d be there too
Looking for you
Yeah I left with nothing
Nothing but the thought of you
I went wandering
All lyrics by Johnny Cash/U2
Duration : 0:4:43
$500 in 15 days 500 in 15 Make Online Cash Now
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Duration : 0:10:57
UFC113 (Win money/ Cash/$ NOW!)
There are 11 fights in UFC 113.
Pick the fighter that you think who is going to win in each fight.
1. Lyoto Machida vs Mauricio Rua
2. Josh Koscheck vs Paul Daley
3. Sam Stout vs Jeremy Stephens
4. Kimbo Slice vs Matt Mitrione
5. Patrick Cote vs Alan Belcher
6. Joe Doerksen vs Tom Lawlor
7. Marcus Davis vs Jonathan Goulet
8. TJ Grant vs Johny Hendricks
9. Tim Hague vs Joey Beltran
10. Yoshiyuki Yoshida vs Mike Guymon
11. Jason MacDonald vs John Salter
Put your answer below.
You have untill May 8th 9ET to answer them. (before the fight starts)
To be the winner of AnswerAndWin:
1) You need to get all the fight RIGHT.
2) You need to be the FIRST one to get all the fight RIGHT.
The winner can get between $5 to $50 Canadian money.
The Winner will be announce on May 11, also how much the winner gets.
UFC link:
http://www.ufc.com/index.cfm?fa=eventDetail.Home&eid=2947
UFC 113 MACHIDA VS SHOGUN 2 TRAILER:
http://www.youtube.com/watch?v=ik4dFpE-KOI
GOOD LUCK PEOPLE = )
Duration : 0:1:3
guy can relieve you of your VA loan vs FHA loans
Jeff Sargent of ONB Bank discusses the difference between VA loans and FHA loans and why they are important to first time home buyers.
Duration : 0:4:4
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