All Forum Posts by: Dwan Twayford

But it's really take a lot of courage to apologize in public not every man could do that, atleast he accept his fault, we are just human.

I think for me the only methods that can make you succeed for whatever kind of business you are into was that it is must come from with in your you must have the eagerness to succeed and everything will follow.

You check out in Florida, I think that the best place now to buy investment such as real estate.

You will learn on actual experience rather than just reading a book, because whatever your have read on a book but with out the action or the actual application is nothing.

11
Jun
WHEN WILL THE HOUSING CRISIS END - PART 3
Written by admin

Hi Friends,

Okay…so now you know that statistics for loans in 2000 and in 2006…so let’s pick up from there…

In 2000, 81% of the people who bought homes used regular financing - meaning they saved a down payment, qualified for the loan, and could afford the property as well as the “fixed†payment.

We saw that number dramatically change in 2006 when 81% of the people who bought homes used CREATIVE financing. Meaning they could NOT afford the property or the “real†payments. Most of the creative loans offered a “fixed†payment for 2, 3, 5, or 7 years. That is what enticed people to do these creative loans in the first place.

You could buy a $200,000 property and get a “temporary†mortgage payment of $700. When payments began to reset, some payments doubled! Imagine the horror of discovering that your mortgage payment DOUBLED when your income did not change. You would immediately try to sell or refinance.

Most people assumed that when their payment reset in 2, 3, 5, or 7 years that they would refinance their property or sell it for a quick profit. The problem is that so many mortgage payments reset at the same time that too many properties came on the market all at once and prices took a nose-dive.

Do you remember when the bottom started to fall out of housing prices? In 2008. What happened in 2008? Hundreds of thousands of mortgage payments reset. ..http://theieu.com/blog/?p=394

You can also get a decent house rental with that amount especially in the down town area. But it doesn't matter as long as your family got a shelter that it is clean and comfortable to go home with.

You could try to negotiate with the bank to lower the price or ask them to lower the interest that they have put on the mortgage loan since the time it has not been paid. Or I think the bank will going re appraise the property and what will be the appraisal value that will be the selling of the property.

Definitely I will fight for my family, if they have been treated badly by someone I will not have a second thought of depending them against someone who maltreated them.

Thanks for those wonderful tips you have shared with us here who are making it in the REI, we need those kind of motivation to get us through because I know being real estate it will really takes a lot of confidence and strategy and hard work of course, and most especially we should also enjoy what we are doing.

I will definitely enjoy of what I have earned from my hard work in REI, like travel, have wonderful time with my family I'll give what ever they ask for.