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Sorry for the delay, this week, on
the newsletter. Things have been crazy busy here at DoublePositive
with all kinds of new and exciting things going on. I will try to
expand upon the excitement over the next several weeks, but this
week I wanted to write about two things: The economy and politics.
All kinds of bad news came out in the past week or so. In
the last week, the unemployment rate has shot up to the highest it's
been in a long, long time; Bernanke is worried about inflation and
may do something to slow it down; gasoline costs 1 BILLION dollars
per gallon, and the Lakers are down 2-1 to the Celtics! The world is
truly upside down.
At the same time, the Democrats have
finally picked a candidate and now it's time to sit down with some
popcorn and watch this political soap opera unfold. I haven't
figured out who I am going to vote for yet, I like some things about
each candidate. So, I am going to try to put together a nice
comparison of the two candidates across different areas. This week,
its Obama vs. McCain on the economy. Check it out at Obama vs. McCain.
P.S. Amy has nothing so far. A few viewings, but no offers.
Ill keep you in the loop. |
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WallStreetJournal |
| Next month,
Michelle Augustine plans to walk away from her four-bedroom house in
a Sacramento, Calif., subdivision and let the property fall into
foreclosure. But before doing so, she hopes to lock in the purchase
of another home nearby. Full Story |
Forbes |
| Every time a
potential home buyer applies for a mortgage, he or she receives a
document known as the Good Faith Estimate, which spells out the
thousands of dollars in fees the buyer is expected to pay when the
deal closes. Full Story |
Bloomberg.com |
| Mortgage
applications in the U.S. last week rose from their lowest level in
six years, led by a gain in purchase applications that may indicate
the drop in property values is starting to draw buyers. Full Story |
Wall
Street Journal |
| Federal
housing officials are trying again to ban seller-assisted down
payments on federally insured mortgages, amid concerns about
mounting losses tied to these loans. Full Story |
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