Foreclosures rise more than 300 percent in the two-county Inland region

The Inland Empire homeowners are losing their homes at an alarming rate due to risky subprime mortgages. Take a look at this article from Knight Ridder Tribune Business News.

Click Here

FHA Might Be The Way!

My son, a lender at Majestic Mortgage just gave me a hot mortgage tip. This could help you:

• Is your credit score 620 or below?
• Have you had any late mortgage payments in the last 12 months?
• Is your loan amount under $362,760?
• Is that loan balance less than 97.15% of your home’s value?
• Do you have an adjustable rate mortgage set to adjust?

If you answered YES to the above and you’re looking for a way out, how does this sound?

• A 30-year fixed loan With NO prepayment penalty
• In the mid-upper 6% range With a 1% origination fee
• With no junk fee charges

Interested? If you have a sub-prime mortgage loan and need to get out of because it is about to adjust to a payment you can’t afford then you might want to contact my son, Mike Martin or his Processor, Bea at (909) 466-4889. You could be the perfect candidate for an FHA loan. Imagine an affordable monthly mortgage payment plus stability to your life as well.

Sub-prime adjustable rate mortgages are ticking time bombs, if you are in one and want out, inquire about FHA refinancing. Remember, not every lender is FHA approved.

RSS

Wondering what this little RSS orange insignia that's popping up everywhere is all about? Believe it or not, so was I? I found out that it’s called Really Simple Syndication. OK and what does that mean, you ask? It's gotta be something really technical right? No, it actually serves a very good purpose.

RSS solves a problem for people who regularly use the web. It allows you to easily stay informed by retrieving the latest content from the sites you are interested in. You save time by not needing to visit each site individually. You ensure your privacy, by not needing to join each site's email newsletter. Many news-related sites, blogs and other online publishers syndicate their content as an RSS Feed to whoever wants it. What the RSS button does (aka RSS Feed) is allows you to indicate that you like a particular blog or podcast, and would like to stay current with their content. By clicking on the RSS button you’ll indicate that you would like to stay apprised to the latest publications or broadcasts. It’s as simple as clicking the button and will be notified every time someone posts a new thought on your favorite blog or podcast!

So, click the RSS button off to the side of this blog!

Exactly what does the fed fund interest rate cut mean?

First Business - Anticipating the Cut
3 min - Aug 23, 2007
It's been highly anticipated, but exactly how could an interest rate cut impact the fast-falling mortgage market?

TOP BLOGS, ACCORDING TO CNET

With more than 14 million blogs in existence and another 80,000 being created each day, how is a person supposed to find the ones worth reading? Whenever I to research technology of any sort, I head over to CNet to check out their editorials and user reviews. Whether I'm shopping a color printer, digital camera, laptop or cell phone, I know I can always trust what they have to say. Last time I visited, I was a little surprised to find something entirely different...they are rating blogs that focus on technology. I thought you might be interested in their 100 choices because they could end up providing valuable information that you could use:

Top100 blogs according to CNet:

• 1080Eye
• Alice Hill's Real Tech News
• Apple Matters
• AppleInsider
• Ars Technica
• Between the Lines
• Beyond VC
• Boing Boing
• Burnham's Beat
• BusinessWeek's Blogspotting
• BusinessWeek's The Tech Beat
• BuzzMachine
• C:\PIRILLO.EXE
• Channel 9
• Cleantech Investing
• Cyberjournalist.net
• Dan Bricklin's Log
• Daring Fireball
• Declan McCullagh's Politech
• digg
• Doc Searls Weblog
• Engadget
• Fixyourthinking.com
• Freedom to Tinker
• Geek Culture
• Geek News Central
• Gizmodo
• GPS Review
• Groklaw
• Hypebot
• IEBlog
• iLounge
• Jeremy Zawodny's blog
• JKOnTheRun
• John Battelle's Searchblog
• Joi Ito's Web
• Jon's Radio
• Jonathan's Blog
• Justin's Guide
• Kim Cameron's Identity Weblog
• Kotaku
• Kottke.org
• Kuro5hin.org
• Lawrence Lessig
• Lifehacker
• Linux-Watch
• LonghornBlogs.com
• MacMinute
• Matt McAlister
• Micro Persuasion
• Microsoft Security Response Center
• Microsoft Watch from Mary Jo Foley
• Mini-Microsoft
• Molly
• MozillaZine
• Neowin.net
• New Media Musings
• O’Reilly Radar
• Om Malik on Broadband
• Ongoing
• PaidContent.org
• PCS Intel
• PhysOrg Weblog
• PressThink
• PVRblog
• Responsible Nanotechnology
• RFID Weblog
• Romenesko
• Schneier on Security
• Science Blog
• Scobleizer
• Scott Rosenberg’s Links & Comment
• Scripting News
• Search Engine Watch
• Seattle Post-Intelligencer Microsoft Blog
• Security Fix
• Seth Godin’s Blog
• Silicon Valley Watcher
• Slashdot
• Spamroll
• Sunbeltblog
• SunMink
• TaoSecurity
• Tech Confidential Blog
• TechCrunch
• Techdirt
• Tecosystems
• Terra Nova
• The Blog Herald
• The Gadgeteer
• The Internet Stock Blog
• The Mac Observer
• Things That … Make You Go Hmm
• Threadwatch.org
• TiVoBlog.com
• TVOver.net
• Venture Chronicles
• Vitalsecurity.org
• whatsnextblog
• XplanaZine

Market Condition Report - August 2007

MARKET CONDITION REPORT INLAND EMPIRE - WEST END August 2007

THIS YEAR LAST YEAR

Year to Date Sales

This Year	Last Year	Change	% Change
3,217	4,917	-1,700	-34.6%

The market is remaining rather constant relative to last year varying by a few percentage points either way. Last report was -35.3 %. This is generally in line with other areas surveyed. There are markets performing at a lower level than Inland Empire-West (Victor Valley -51%), but there is also Santa Barbara at +6%. This implies the current market condition varies according to area and price class. Note from the History of Median Sales Price the market peaked in terms of price in the late spring-early summer of 2006. MARKET QUICK LOOK

Indicator	Comment - Current Position and Movement	Buyer	Seller	Neutral
DEMAND	Increasing moderately-slower for CONDO. No trend.		-	-
SUPPLY	Rising slowly-near peak.		-	-
PERCENT SELLING (Market Efficiency)	Increased 2 points-too small to be meaningful. No trend.		-	-
DAYS ON MARKET	Steady.	-	-
MONTHS SUPPLY	Declining slowly-movement favorable to seller. No trend.		-	-
60 DAY ABSORB (Market Speed)	Very small positive movement. Not meaningful.		-	-
PRICES	List, Ask, Close Price-off moderately. Negative trend.		-	-
FUTURE PRICE INDICATOR	Expect declines to limit of $450K for SFR and $329K for CONDO.		-	-

In terms of current position the market is clearly favorable to the buyer. In terms of movement the market is moving toward the seller. However, this movement is very slight and tentative. No clear trends are evident except a tendency to declining prices (see graph History of Median Sales Price).

MCR TIP The 60 DAY ABSORB RATE measures market speed. Another way to think about the ABSORB RATE is the rate that listings are converted to closings in a 60 day period. The higher the ABSORB RATE, the quicker this conversion is occurring and the more the market is moving toward the seller. The opposite is true.

WORDS OF WISDOM Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes (Peter Drucker).

Click here to view Market Condition Report.

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