Is it time for more real estate action?

You can believe what you wanna believe, but as the song went, you don't
have to live like a refugee!!! Sure the whole real estate bubble could pop, and
home values in some areas can go down by 50%, but still Joe, you and your
family still need a place to live. With business bad, you may be getting
special deals from contractors, sub-contractors and the like. So if you can
get a construction loan why
not go for it.

The interesting thing is you can also use these loans for a
home renovation, which
overall, may be a cheaper and nicer option than going fully into the real
estate market. My sponsor thinks, in any case that this may be the right time to
do it, baby.

Yes, maybe the Ice Age is coming, like the song goes, the sun is zooming in.
And then there is always (the fantasy of) global warming. However, if the
politicians get their act together, perhaps normal life can continue. If it does,
why not consider even a home equity loan. Good luck, I think we're all going to need it.

Bright Side to Real Estate Problems?

It's nice to know that real estate problems or even collapse can have a bright side, at least possibly for the investor. If you invest in home in foreclosure, then if you can come up with the capital, you can get houses for a very low price. With the fall of some of the top players in the sub-prime mortgage market, the jig is up.

I mean this can only intensify, and like my sponsor says, it's nice to have pictures of real estate, even if they are foreclosed homes across the country. You can live in New York, and learn about bank homes in California. And with all that sub-prime stuff hitting the dust, there is a lot of properties to choose from.

Of course, if your bank won't loan you any money, that's another problem...

Where is Your Mortgage Going?

With the collapse of the sub-prime mortgage market, I think it really
is time to think about where your mortgage is going, if you have one. One site that
you can use is this one
and you should try it.

It can be a little frightening if you have bought a home on some of these new-
fangled mortgages. You know, the balloon mortgages, and things like that, the
interest only mortgages, but if you go to the link, you can figure it out.

Admittedly, my sponsor gave me the info about this, but it is still a good thing
to do. These sub-prime mortgage companies are being bought and sold all over the
place. It is a good idea to know where you stand. So check out this site. Thanks.