UberRealtor Blog

Saw this on the web

it made my mouth drool!!!

it made my arteries clog!!!

You can find the complete Recipe and Instructions here: BBQ Addicts ~ Bacon Explosion

Had to share it and if anyone makes it ~ let me know how it turns out!!!

 

Since one of the major road blocks to our economic recovery the housing meltdown. Would you consider supporting an Invest in American Real Estate Recovery Plan?

 

·                 3% Down Payment

·                 3% Fixed Interest for 30 years

·                 $30,000 Additional Tax Deduction over 3 years

·                 Plan would last 18-36 months

·                 Could be used to purchase up to 3 properties

 

The idea behind this solution is to decrease Supply while increasing Demand. This would give a solid bottom to the decline in housing prices. The sooner that we get the housing prices stabilized the sooner that the banks that hold the mortgages on these assets will see them stop falling and as a result help stabilize the banking system.

 

The ARERP (American Real Estate Recovery Plan) would help create jobs, quickly. Jobs in several different sectors of the economy:

 

·                 Manufacturing (Appliances, Furniture, Flooring, Cabinets)

·                 Labor (Painters, Plumbers, Floor Installers, Roofers)

·                 Professional (Realtors, Inspectors, Accountants, Bankers)

·                 Retail (Home Improvement, Lumber Yards, Big Box Stores, Small Business Specialty Stores)

 

It would also encourage holding real estate as part of a long term Investment Portfolio. Historically, real estate has been one of the best investments holding over a 10 year period. Real estate has been the cornerstone of American™s wealth building since the inception of the United States.

 

There also needs to be a way to help people that are facing foreclosure. A Foreclosure Assistance Plan could be the answer. Home owners that are currently behind on their mortgages and facing foreclosure could enter into an agreement to transfer ownership to a federally backed holding company.  

 

The home owner would be able to rent the property back from the holding company at a reduced rate, based on income. The home owners would have up to 3 years to re-purchase the property from the holding company at the market value at the time of transfer. If the home owner does exercise their option to re-purchase the property, the money that had been paid as rent would be applied to the balance of the mortgage and the mortgage would reset to the market value at the time of the original transfer to the holding company.

 

At the time of the re-purchase the terms of the mortgage would be restructured. The mortgage balance would be reduced to the market value of the property at the time that it was transferred into the holding company. The interest rate would be reset to the 30 year fixed interest rate available at the time the home owner re-purchased the property. The money paid as rent would be applied to the new mortgage amount. The home owner would have to qualify for the new loan with a debt to income ratio of not more than 33%.

 

It would be possible for the home owner vacate the property and give up all claims at which time the holding company could dispose of it.

 

If the home owner does not re-purchase the property the holding company would then be able to sell it for fair market value. At the time of the transfer from the home owner to the holding company the mortgage holder would also transfer the loan to the holding company, which would help remove the bad loans from the lien holders™ portfolio. The holding company would then be able to write down the mortgages when the property is sold back to the home owner or sold for fair market value after 3 years.

 

For the home owners that re-purchase their properties this will have prevented foreclosures and kept people in their homes, which would be the best possible outcome to the foreclosure nightmare that we find ourselves in.

 

 

 

 

Focus on the Positive!

 

Randy Randolph

Uber Realtor ®

 

Local Real Estate is Still SELLING!!! <click here>

When you think of REAL ESTATE, please think of ME!

 

 

Ãœber: To have ultimate skills; to outdo or overcome challenges that others cannot even face. Being able to take on obstacles without much effort; having abilities that are only found among a chosen few.

 

Welcome to Randy Randolph’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Kirkland.