The 'Clutter Epidemic': What it Means to Home Sellers?

: "Martha Webb produces books and videos on the art of decluttering. But she admits that her own home is prone to the same malady. She's another victim of what she calls 'the national clutter epidemic.'
Webb, an expert on staging a property for sale, is not selling her home now. But when she's ready, she vows that there will be no jumbles, masses or stacks of stuff that make it hard for buyers to see what an appealing place she has."
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Homeowners serious about paying debt

mcall.com - Homeowners serious about paying debt: "Everybody knows that today's homeowners handle their mortgage debts differently from earlier generations, right? They gladly sign up for monster-sized mortgages, skimp on down payments, and have an unhealthy appetite for financing techniques that lower monthly payments by deferring reality interest-only loans, option ARMs and negative amortization loans.
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When was the last time you heard about a mortgage-burning party? How antique. How last century. Do homeowners actually pay down their mortgages to zero anymore, or do they simply refinance every few years until it is time to sell or die?"

Is paying off a mortgage passe? Not in the real world

Is paying off a mortgage passe? Not in the real world - OrlandoSentinel.com: Growth: "Everybody knows that today's homeowners handle their mortgage debts differently than earlier generations did. They gladly sign up for monster-sized mortgages, skimp on down payments and have an unhealthy appetite for financing techniques that lower monthly payments by deferring reality -- interest-only loans, option ARMs and negative amortization loans.

When was the last time you heard about a mortgage-burning party? How last century. Do homeowners pay down their mortgages to zero anymore, or do they simply refinance every few years until it is time to sell or die?"
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Bringing down the house

Bringing down the house | IndyStar.com: "The few people who call immediately demand to know the price, which is $145,000, and then hang up.
Taylor thinks he knows why.
Stepping into the street from his manicured lawn, Taylor sweeps a hand toward several vacant, foreclosed houses and points to one right across the street, a brick-and-vinyl ranch similar to his, that brought $104,000 at a government auction recently.
Now Taylor worries he won't even get the $121,000 he paid when his house was built four years ago -- money he needs to move to an apartment."
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Sad, shameful and continuing

Journal Gazette | 10/16/2005 | Sad, shameful and continuing: "A study indicating that Fort Wayne's minorities are being discriminated against when it comes to mortgage lending needs to spur community leaders and lenders to take action to eliminate discrimination.
It's sad, it's embarrassing for the community and it's illegal.
A study of 2004 federal Home Mortgage Disclosure data titled The High Cost of Credit� by the Association of Community Organizations for Reform Now (ACORN) found too many minorities were receiving high-cost or subprime loans in Fort Wayne. Among the more troubling findings"
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Why Bridge Loans?

Press Release: Why Bridge Loans? | PRZOOM: "Traditional lenders fail to meet the needs of commercial real estate developers who need fast financial commitments or bridge loans to ensure that their project goes forward. We have the ability to be fast and flexible in our underwriting, deal structuring and loan documentation. We are not subject to any banking regulations and protocols as well as committee meetings to approve a loan.

A bridge loan from a hard money lender gives the borrower the time to work out the details of the venture and respond to the restrictive timetable of today's development environment.

Once a loan becomes seasoned by a private lender, the borrower can subsequently return to conventional lenders and refinance with a long-term loan or sell the property. The interim financing provided by a Funding company provides the borrower with greater options. "
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Signs of a slowdown - but no bust - in the local real estate market

Eagle-Tribune Online: "One of the few sure things North of Boston in recent years has been galloping housing prices.
Annual increases of 20 percent or 30 percent in the value of homes were not uncommon, and many homeowners fortunate enough to buy even a few years ago have since been rewarded with properties worth two or three times what they paid for them."
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Did you refinance? Here's some small print

MercuryNews.com | 10/16/2005 | Did you refinance? Here's some small print: "Years of historically low interest rates have enabled Californians to save millions of dollars by refinancing their mortgages. But what few homeowners realize is that refinancing exposes them to greater losses if lenders foreclose on their property.
As long as homeowners retain their original mortgage, a little-known state law prevents lenders from going after more than just the home. Refinancing frees lenders to go after cars, savings and brokerage accounts, unrelated real estate holdings and other assets to make up the difference -- even if it takes a decade or more to square the debt.
The risks are small when home values are zooming as they are today. But some experts warn that could change if the state's housing market stumbles or if there is a major natural disaster, such as an earthquake."
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As home sales rise, so do foreclosures

KBSD 6 | As home sales rise, so do foreclosures: "Hagan Featherston had just climbed out from under $70,000 in debt when he bought his first home.
He was debt-free, but still needed a letter of reference from Consumer Credit Counseling before he could get a mortgage. He got the mortgage, with a higher interest rate than he would've liked, and the house-but not before doing extensive research to make sure he'd be able to afford it."
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State mortgage delinquency, foreclosures above national average

State mortgage delinquency, foreclosures above national average: "DETROIT Michigan's mortgage delinquency and foreclosure rates are higher than the national average.
More than 40-thousand Michigan families were seriously behind in their house payment or in foreclosure as of September first."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.