Got a call from the contractor that we had a leak in the slab. These things happen – when you buy a fire damaged REO with no water meter, electrical or gas meter. You have to take these things as they come. Everything turned out to be fine; just a small repair. Add 300 bucks to the budget. It’s always good to add into your budget “misc. costs” – you never know what might come up. Oh, and we are choosing paint colors. What colors do you like?
“When reading Tuesday’s report on home prices from the S&P/Case-Shiller index, use caution.”
“According to a new Columbia study, Americans, even conservation-minded folks, are pretty clueless about energy efficiency. How is your energy IQ? Look at the two choices below, and pick the one that would save the most energy.”
“WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced an unprecedented agreement with the nation’s top mortgage lenders to offer selected state and local governments, and nonprofit organizations a “first look” or right of first refusal to purchase foreclosed homes before making these properties available to private investors.”
“NEW YORK (CNNMoney.com) — The number of first-time filers for unemployment insurance fell for a second straight week last week, but the level suggests that the labor market remains sluggish.”
“Muskegon County in Michigan is bartering land for jobs as its unemployment rate soars past the national average.”
“Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.”
“Washington, DC (September 2, 2010) – Delinquency rates were mixed in the second quarter for commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.”
“A growing number of homeowners are choosing to pay down their mortgages at a faster rate–even if it means a substantial jump in their monthly payments.”