I do not believe we will experience a double dip recession and this is why. Speculators feel there may be a double dip recession because they know that another wave of bad loans (option ARM's primarily written in 2003-2006 by banks like WAMU) will adjust this year.  That means more foreclosed homes, increased bank liability, tighter money and more people out of work because banks can't loan to businesses.  Interests rates are so low (4.25-4.5%) that banks aren't making much return on their loans.  However, … [Read more...]

Who is ultimatley responsible for the mortgage debt lending institutions are acquiring as a result of foreclosures?  Before I get to what speculators think may happen in the future, let us first take a glimpse at the choices made by all.  The headline will wrap around in the conclusion, so please bear with me.  The easy way out for homeowners and investors who are upside down on their mortgages is to just say "We are just going to let the property go." Unable to refinance or unwilling to navigate a short … [Read more...]

This is a wild concept, but the c,risis in Europe has actually helped our economy.  Bill Bartmann, who runs Bartmann Enterprises, a Tulsa, Okla.-based fund that invests in distressed assets said, "There's so much uncertainty in Europe that we, by comparison, look stable."  The money is moving from Europe to the U.S. causing Interest Rates to fall.  Currently the median rate is 4.8% on 30 year fixed rate loans.  Rates have not been this low for 50 years.  Our rate factor calculation cards don't go lower than … [Read more...]

Watch  this MUST-SEE video ** Buyers- Get off the fence … [Read more...]

Our website is jam packed with great content and videos, but I wanted to point out one in particular that I think everyone should watch; especially those who are sitting on the fence thinking about buying. Our Team Member Philip Talbert does a great job of breaking down a financial scenario that really puts the relationship between principal loan amount and interest rate into perspective. It will effect your bottom line. Check it out http://www.teamsackin.com/team-sackin-tv/todays-news-today/ Then click "Now is the … [Read more...]

I would like to pose this question to all of you.  What year is this?  By that I mean, the market is cyclical and if we pay attention we should be able to anticipate what may happen next.  The year is 1982 and Ronald Reagan is in office.  There has been a massive increase in military spending far exceeding cuts in social spending.  Funding for Domestic programs have been cut as far as Congress can tolerate.  The deficit is rising at alarming rates which will cause our National debt to nearly double by … [Read more...]