theknowitalleffect

Housing Markey Crash? I am sure you have seen it all over the media. The housing market is crashing. Sales are down! There is a glut of homes on the market. Well want to get some facts outside of the media and the articles. Check out some of these links. Good terms to know: REO : (Real Estate Owned) a.k.a bankowned property; pretty straight forward. Foreclosure - Legal process by which a mortgagor of real property is deprived of his interest in that property due to failure to comply with terms and conditions of the mortgage. Preforclosure - A process where by a default has taken place. Usually a notice of default will have been filed as a first step. If the default is not cured either a judicial or non judicail proceeding is started and property is subject to foreclosure. Preforeclosure is sometimes known as Lis Pendens(lawsuit pending) in states that conduct judicial proceedings. HUD - The Department of Housing and Urban Development was established by the Housing and Urban Developme...

I always wondered about reports and statistics. This article was published : Published March 26, 2007 and the sources of the table of stats: Source: Federal Reserve's 2004 Survey of Consumer Finances *Life expectancy from National Center for Health Statistics, 2006 **U.S. Census Bureau, 2004 (ages 35-44) http://articles.moneycentral.msn.com/RetirementandWills/CreateaPlan/MoneyInYour40sItsMakeOrBreak.aspx Irrelevant of that fact it is very interesting as far as numbers go. Scary thought,,,,,, and people want to place social security retirement account planning in the hands of individual american people. Interesting...... Very interesting.

You need to listen to at least 35 seconds of this video clip before you then have to start questioning a few things....... http://video.msn.com/v/us/Money.htm?g=875cc8dd-8eef-4a13-a226-7c714fe17f57&f=15/64 LinkList &p= hotvideo _money_top_pf& fg = 1st of all this guy is Jim Jubak , MSN Money Senior Markets Editor. For a senior Markets Editor, I am very surprised. What is this guy talking about. The average person won't see any changes, my butt!!!!!!!! He should have made a number of disclosures and if he was going to generalize and down play the Fed's next interest rate cut he should have said he was going too... All sorts of analysts and individuals have their own opinions of the economy and the housing market. Let me make a few comments or points to this affect, I would have loved to email this guy. - The number one group of average Americans that will be effected by this rate cut will be a group that is primarily responsible for this freaking boondoggle. Thes...