Real estate

Real estate gallery

Admin — Mon, 11 Aug 2008 00:00:47 +0000

The Ecuadorian painter, Julio Cesar Pena Tomalá, visited the American city of Chicago, where he presented his collection called “reverence for life” at the invitation of the gallery “La Llorona Art real estate Gallery.”

Reverence for life, is a collection consisting of 22 acrylic works on textures, where Pena, shows the Keystone real estate goodness of life, as the feelings expressed in gratitude, love and satisfactions.

Also, each table reflected the essence of this land, life and human beings as such.

As is customary in their real estate creations, Julio Cesar uses Frisco real estate shapes, colors and textures unique, that distinguish it without a number of contemporary artists, not only by presenting impeccable work but by the thoroughness and love that makes his real estate paintings.

“La Llorona Art Gallery”, dressed gala the day of the inauguration of the sample of Ecuadorian artist, and that was attended by important personalities as: Ramiro Davila Grijalva, Consul General of ecuador in Illinois, Alexis Steps, Consular Agent ; Victor Mena, president of the Ecuadorian Civic Board and Liliana Ureña, Councillor official Admissions at the University of Illinois.

Pena’s works were admired by hundreds of people attended the Copper Mountain real estate gallery owned by Mr Arturo Avendano, who became interested in the sample realty of the artist on the recommendation of Kromber Lainez.

It is worth mentioning that “reverence for life”, is the first pictorial individual shows, held in that Summit County real estate sales city in the United States.

If the medium home price dropped

Admin — Sun, 01 Feb 2009 02:21:24 +0000

If the medium home price dropped 9% to $206,500, that means the house price dropped by about $20,000. Ok, so what. Unless you were in an ARM, then your payments are the same (assuming taxes stayed the same).

Is that a lot of money? Maybe, but consider if you buy a $30,000 car, you probably lost $10,000 in the value of the car, and will lose another $10,000 in 3 years, and most of the total in 5 to 7 years if you can even sell it. My point is that cars tend lose a lot more than houses.

Yes, if you have a $400,000 house and it dropped 10%, then that is more money. But there is probably a $50,000 car in the driveway.

Car purchases are far more damaging to a persons cash flow than a house. You pay a lot, and have nothing at the end of it’s relatively short life
Interesting perspective. There is housing that has been around for hundreds of years in all parts of the globe. They are not torn down. It all depends on how you take care of the Breckenridge real estate property.

True, but it also helps when the house is built well in the first place. There’s “old world craftsmanship”, and then there’s modern-day American disposable building. Here there are very well built homes and new model POC homes i put $6000 into my property last year: i still have to replace plumbing, roof & siding…all big ticket items…
there may be some houses built to last a couple hundred years, but mine wasn’t….and even those well built houses will need regular maintenance, which is ok if you’re young & handy, but im getting too old to do shingles again… Gee, what’s the deal here? My keystone homes realtor in told me that I needed to buy a new home NOW a couple of months ago because the prices are already heading back up and if I don’t act now I will miss out on the biggest boom in history?

If a person does a great job at maintaining his bills

Admin — Mon, 26 Jan 2009 05:26:18 +0000

If a person does “a great job at maintaining his bills” then he won’t have to worry about what interest rate his credit card carries, because he won’t be carrying a balance that the interest rate can apply to. If you’re carrying a balance on credit cards, then your downward spiral has already begun. That’s just not a smart use of credit.
Great. The people who need the lower rates, can’t get them so the cycle of foreclosure and tightened credit will continue. Brilliant thinking, Congress
Even with 20% down, credit scores residing in the 760’s, yet only in the 34th month of a 30 yr. conventional fixed mortgage, refinancing for us is shaping up to be nothing short of a ’shell game’ in terms of perceived long term savings. With current appraised values of houses plummeting (avg. 15-30% in this portion of the Midwest) our lending institution will not even qualify us to refinance claiming (their rules) our LTV cannot exceed 90% of our houses current fair market value. Operative word “CURRENT”. In other words with a required re-appraisal, our house’s value drops, we lose roughly 90% of our equity, we will be required to roll in PMI, escrow and home insurance into our new, adjusted monthly mortgage payment, and we start back over at the full 360 month payment term. That and our up front costs include:
$300 for the appraisal
$350 (fixed) one time refinancing processing fee (per our lending institution)
$1500 for each additional % point we care to buy down our interest rate (max. of 2 pts.)

And since we only have one income right now, with no prospects in sight, refinancing seems just a little risky, if not completely un-worthwhile. What a lovely road we’re on!
Not really - the reason we are in the mess is because the mortgage lenders didn’t follow these practices for the past 5 years or more. If they had been careful in their lending we would not be where we are. You people whining just don’t get it - we need tighter credit to get people on spending patterns that they can actually afford. Somehow a lot of people want us to get into a system of ‘ Credit Welfare ‘ where people are extended credit they have not earned and do not deserve backed by someone else.

No different than handing someone a check for work they refuse to do.

Two key aspects of the current housing crisis

Admin — Sun, 18 Jan 2009 04:57:36 +0000

Two key aspects of the current housing crisis that could and probably will occur this coming year. First, the vast majority of home owners will “see” the value of their property drop compared to the original price paid for the residence. This will happen because the housing crisis has not bottomed out and will not do so at least the first three quarters of this year. This loss of value will impact the ability to refinance, sell or do anything financially with the property. Second, as property values plummet and more homeowners lose more equity in their homes they will be faced with a tough decision. Keep making payments on blue sky value that no longer is there or simply turn the property back to the mortgage company and let them deal with the problem since it originated with the mortgage industry in the first place. The money they save will allow them to eat, put gas in the car and ease their emotional state of mind. Should more home owners choose to give up on property that no longer is worth the original price, and won’t be for decades to come, the downward spiral will continue thereby causing property values to decline more. Any past equity is no gone no longer what the owner attempts to do because the market value simply isn’t there anymore. Ask yourself the question, do I want to keep making payments on inflated, non-existent value or turn it back and force the mortgage industry and the banks to come to their senses and refinance based on current value? Should enough people simply turn back the property, the mortgage companies will be glutted with property they can’t sell and will have to do something with. This is the solution the common man can take to get something positive when the government and banks drag their feet and don’t want to solve this problem. Think about it and discuss it with your fellow homeowners.