Now is very hard time when gasoline price is growing and growing every day...

*Auto newss last blog post..Mercedes is Preparing Convertible CLR Class</abbr>

People in trouble with their mortgages need to be proactive and call there lenders and get the ball rolling. No a work out will not happen for everyone but some people will be saved by this.

It is not an easy process nor a fast one. A friend of mine applied to get a work out and it took over 90 days to get a response and unfortunately that was a negative one.

I think as soon as the oil speculators bust out everything should return to normal. Demand isn't driving prices high its oil speculators who can purchase futures with only 7% cash upfront that are increasing the price of oil. This is why OPEC wouldn't increase production because demand doesn't justify it.

It's looking like it's going to be a very tough couple of years globally.

@ Gregory Bain:

"What about the choice between McCain and Obama?"

Don't get me started... I can not stand 'Billary' or Barack Hussein Obama, Jr. (en.wikipedia.org/wiki/Barack_Obama)...

so my only choice becomes our local candidate, John McCain.

How did our government, spinsters and the like, manage to bury Ron Paul so early, decisively and quietly? Where's Ron Paul when we need him... I don't even feel like voting this time around.

Somehow (IMHO), voting always seems to be picking the lesser of 2 the evils (since there only ever seems to be 2 in the running, based on TV, newspapers, magazines, Web sites and so on).

Anyone else feel like I do on this?

Matt Pellerin - REALTOR

Realty Executives Paradise Valley

And, that's the good news! What about the choice between McCain and Obama? Too scared to go to sleep?

Nice to know we live in ground zero markets isn't it?

Jay, you forgot dogs and cats living together. Mass hysteria!

Gonna get worse before it gets better...

Good grief. Am I correct in assuming that investors who are scrambling to buy buy buy oil are inflating the price of oil just like they did with housing in '05/'06? If so, wouldn't that dictate an eventual Tar Pit Bubble exploding, causing the price to recede back to where it should be?

I remember a few weeks ago (at least that's what it seems like) oil was only $33 barrell and I could fill my 1979 Ford Fiesta for only $6.00. Wait...what year is it? GRRRRR!

Quote of the week (by Jay Thompson):

"Remember, the most important thing you can do if you start getting in trouble with your mortgage payments is talk to your lender. The sooner the better. Don’t ignore it, and don’t be ashamed to reach out for help. Lots of people are in this situation."

I think that's where most home owners begin to lose the battle when they fail to take action immediately once financial hardship is evident.

Matt Pellerin

Times are changing. Although it may not be moving in a positive trend as quickly as we would like it is definitely moving along. It will be some time when we will be able to notice a difference.

Now is very hard time when gasoline price is growing and growing every day...

*Auto newss last blog post..Mercedes is Preparing Convertible CLR Class</abbr>

The way I understand it, the federal government will be repaid on the zero-interest, nonrecourse loans. Loans for homeownership properties would need to be repaid within two years, while loans used to create rental housing would have a maximum loan period of five years. Dave

People in trouble with their mortgages need to be proactive and call there lenders and get the ball rolling. No a work out will not happen for everyone but some people will be saved by this.

It is not an easy process nor a fast one. A friend of mine applied to get a work out and it took over 90 days to get a response and unfortunately that was a negative one.

The increasing oil prices sooner rather then later could have an impact on residential real estate. Buyers may have to re-evaluate their buying criteria, how far they are willing to drive and how much they can afford to spend on housing given their increased spending on gas, oil, heating, etc. Places close to train transportation could become more desirable.

I think as soon as the oil speculators bust out everything should return to normal. Demand isn't driving prices high its oil speculators who can purchase futures with only 7% cash upfront that are increasing the price of oil. This is why OPEC wouldn't increase production because demand doesn't justify it.

It's looking like it's going to be a very tough couple of years globally.

@ Gregory Bain:

"What about the choice between McCain and Obama?"

Don't get me started... I can not stand 'Billary' or Barack Hussein Obama, Jr. (en.wikipedia.org/wiki/Barack_Obama)...

so my only choice becomes our local candidate, John McCain.

How did our government, spinsters and the like, manage to bury Ron Paul so early, decisively and quietly? Where's Ron Paul when we need him... I don't even feel like voting this time around.

Somehow (IMHO), voting always seems to be picking the lesser of 2 the evils (since there only ever seems to be 2 in the running, based on TV, newspapers, magazines, Web sites and so on).

Anyone else feel like I do on this?

Matt Pellerin - REALTOR

Realty Executives Paradise Valley

And, that's the good news! What about the choice between McCain and Obama? Too scared to go to sleep?

Nice to know we live in ground zero markets isn't it?

Jay, you forgot dogs and cats living together. Mass hysteria!

Gonna get worse before it gets better...

Good grief. Am I correct in assuming that investors who are scrambling to buy buy buy oil are inflating the price of oil just like they did with housing in '05/'06? If so, wouldn't that dictate an eventual Tar Pit Bubble exploding, causing the price to recede back to where it should be?

I remember a few weeks ago (at least that's what it seems like) oil was only $33 barrell and I could fill my 1979 Ford Fiesta for only $6.00. Wait...what year is it? GRRRRR!

Quote of the week (by Jay Thompson):

"Remember, the most important thing you can do if you start getting in trouble with your mortgage payments is talk to your lender. The sooner the better. Donu00e2u0080u0099t ignore it, and donu00e2u0080u0099t be ashamed to reach out for help. Lots of people are in this situation."

I think that's where most home owners begin to lose the battle when they fail to take action immediately once financial hardship is evident.

Matt Pellerin