Here is the video of the 2012 State of the Union address. Obama talks about housing at minute mark 35:48 if you wanted to skip to that section.  Enjoy

Here is something that might be coming down the road pretty soon to help even more people that are underwater on their mortgage and still have paid on time. Extending and making a few changes to the HARP program, so if your mortgage is owned by Fannie Mae or Freddie Mac, you have a chance to get the lower rates of the current market even if you owe more then your home is worth. Here is an article CNBC is reporting from Reuters and a website link for more info on the HARP program.

Want to look up your own loan and see if it is a Fannie Mae or Freddie Mac owned loan, just visit THIS SITE.

As reported from the Associated Press, the lip sink to Ferris singing “Danke Schoen” after getting onto a parade float set a new Guinness Book of World Records confirms it broke the previous 500-person record for the most people singing in a round with 900 people singing it.

For more on the story……click here.

Here is a great article my friend over at www.theMcQueengroup.net posted. Suggest you guys should check it out.

It’s Really S0 Simple

The challenge is to change the way sales are done, after centuries of doing it the wrong way. The reason is very simple, because when the market is good, sales techniques go out the window.

First comes integrity, then comes a positive attitude and then comes the belief that a sale is done by fulfilling the needs of the customer. Not by price, but by actually helping them accomplish THEIR goals. This intern will help you reach your goals.

It’s Really So Simple……………. http://www.themcqueengroup.net/?p=53

Happy Readying!!!

Here is a great video from Bryan and Frank. Hope you Enjoy 

Wow, what a deal. Check out this story about a guy in Texas getting a steal of a deal!

Texas man pays $15 to move into $340,000 house

© 2011 The Associated Press

July 31, 2011, 9:00PM

FLOWER MOUND, Texas — It has the makings of a tall tale: A man finds a two-story, 3,250-square-foot house worth $340,000 in a Dallas suburb and pays only $15 for it.

Kenneth T. Robinson, 50, who sells vitamins and other dietary supplements for a marketing company, laid claim to the 1997-built house in Flower Mound under Texas’ obscure “adverse possession” law — commonly known as “squatter’s rights.”

Robinson determined that the owner of record moved out about a year ago and cannot be found, and the property wasn’t listed for sale. He filed an affidavit of adverse possession with Denton County for a $15 fee, turned on the utilities and moved in.

“Unless they wake up and assert their rights to ownership, this man may have found a real business opportunity,” Austin real estate lawyer Brian Rider told The Dallas Morning News for Sunday’s edition.

Robinson’s new neighbors are upset. One of them, Sandy Dawson, said she and others “believe in working for what you get.”

Some even called police. Robinson said he showed officers the affidavit and explained to them the laws of adverse possession. That led investigators to search for an owner or mortgage company who might have a complaint against Robinson.

“We couldn’t find anyone. No foreclosure, nothing,” police Capt. Wess Griffin said. “It appears to us to be largely a civil matter.”

But a neighborhood delegation showed up at the house anyway to deliver a message: Robinson was not welcome there.

Robinson recalled one man telling him, “We don’t think you need to be here. You’ll never be our neighbor.”

Fearing the confrontation could turn violent, Robinson called police who ordered the neighbors to disperse. However, Griffin said he understands the neighbors’ concern for the value of their homes after someone paid $15 to move into their area.

“The flip side is that the neighbors might be glad that the house is not sitting there vacant and someone who says he’s going to make improvements is living there,” Griffin said.

Among the improvements, Robinson promises to revive the idle backyard swimming pool and re-sod the unkempt front yard.

Robinson said the saga began when he was sharing another Flower Mound home with housemates and saw the apparently abandoned house while out driving.

He decided he might be able to buy the place at a bargain price, but he could not locate an owner or mortgage holder with whom to negotiate. Through an Internet search, he found the Texas law of adverse possession and decided that was his only option.

An old owner or mortgage holder has five, 10 or 25 years to reassert ownership, depending on whether Robinson lives continuously in the house and pays taxes and homeowners association fees over time. Robinson said he was committed for the long haul.

“It will be my home if all goes well, but this is not a fight. It’s a legal process,” he said. “This is too nice a house for someone not to come forward with a claim on it.”

However, “if they do, I’ll make an offer,” Robinson said. “If the offer doesn’t mesh with what they agree to accept, I might have to leave. If I have to go, it won’t be a big thing.

“You miss 100 percent of the shots you don’t take,” he said. “I’ve just got to see how it plays out.”

___

Information from: The Dallas Morning News, http://www.dallasnews.com

Thats right, looks like if you pay your mortgage on time, you get a bonus according to the article I found down below. Read on and see what you think……..

Should Everyone Get Bonus For Paying Mortgage On Time?

Published: Monday, 11 Jul 2011 | 3:23 PM ET

By: Diana Olick
CNBC Real Estate Reporter

At what point is moral hazard trumped by corporate survival and the cold hard need to get people to pay their mortgages? The answer is: Now.

As home values continue to fall and more borrowers fall into a negative equity position on their home loans, those who stand to lose, banks and investors, are working to keep borrowers current.

To date, they have focused on delinquent borrowers, offering loan modifications and foreclosure alternatives, like short sales and deeds in lieu of foreclosure.

Last fall, New Jersey-based Loan Value Group launched a new business model, offering lenders and mortgage investors a way to keep their current, but underwater, borrowers current through cash incentives.

It’s called Responsible Homeowner Reward, and today, one of the nation’s largest mortgage insurers, PMI Mortgage Insurance, joined in.

Here’s how it works………..READ MORE.

Found this nice quote from a fellow blogger.

If We Keep doing the Same Thing; We Will Get the Same Results.Posted on July 11, 2011 by Jim McQueen

What have we learned in 2065 years?

“The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered & controlled, & the assistance to foreign lands should be curtailed lest Rome become bankrupt. “People must again learn to work, instead of living on public assistance.” – Cicero – 55 BC

http://www.themcqueengroup.net/?p=24

Here is a good program, want all the details? Visit the link below for the information directly from FHA/HUD:

FHA Power Saver Program

Here are the bullet points:

Qualification for this program could change before the launch, but here are some general guidelines currently:

1. Minimum credit scores of at least 660

2. Total Debt-to-income ratios of no higher than 45 percent

3. Combined loan-to-value (including the PowerSaver loan) of no more than 100 percent

Sounds like a great program and hope people take advantage of this! Here are the lenders who will be offering it: Lenders for the FHA Power Saver program