Promise Real Estate

Visiting with our sister Elvirita in our trip to Chicago. Elvirita, we wish you a quick recovery from your terrible accident. You look great, mija. Soon you will be back to the dancing floor.

Getting together with our daughter in our trip to Nashville. What a great time we had. We must do it again!!

An Easy Way to Cut 4 Years Off Your Mortgage Posted By susanne On April 7, 2013 @ 1:07 PM In Consumer News and Advice,Home Buying 101,Home Owner News,Real Estate Information,Today's Top Story - Consumer | Comments Disabled [1](MCT)We are now officially in the peak spring home buying-season. I was asked the other day for advice on what should be at the top of the list for homeowners after they move into their new home....Continue reading

Retrospective: ForeclosureRadar Records its Millionth California Foreclosure Sale Introduction On November 26, 2012, ForeclosureRadar recorded its millionth California foreclosure sale since January 2007. While we acknowledge that foreclosures are painful and unpleasant, this milestone also means a million underwater homeowners have escaped a prison of debt . In addition, the millionth foreclosure sale points to steady strides toward recovery in the housing market and provide...Continue reading

4 Housing Issues to Watch in 2013 Daily Real Estate News | Thursday, December 27, 2012 What does 2013 have in store for the housing market? With marked gains this year, housing experts expect the housing market to continue to gain momentum in the new year. ... The Wall Street Journal recently offered up some chief housing issues likely to be important in the New Year. These include: Inventories rise: To meet the increased demand, home builders are increasing production and more sellers may be more willing to test the market as housing prices increase. Home prices spur demand: More buyers have urgency with home purchases as rents rise, housing values gain momentum, and mortgage rates remain low. Credit remains tight: While rising prices could serve as a tailwind, new regulations may lock in some of the defensive underwriting posture while impeding capital rules may lead banks to pare their lending footprint, The Wall Street Journal predicts. Broader economy dictates how far recovery goes: If unemployment decreases and the economy improves, many of the biggest challenges facing the housing market would likely fade, such as tight credit, the large number of underwater home owners, and a high rate of foreclosures. Any renewed weakness in job growth could put housing back into the stall that it found itself in between 2010 and 2011, The Wall Street Journal reports. The housing market is still fragile. ... If lawmakers can’t agree on a series of spending cuts and tax hikes to avert the ‘fiscal cliff,’ that could crimp demand or damage confidence. Source: Recap: Five Housing Issues to Watch in 2013, The Wall Street Journal (Dec. 21, 2012)

Breaking from Newsmax.com Reid: GOP ‘Radio Silent’ in Cliff Talks Senate Majority Leader Harry Reid said a resolution to the U.S. budget dispute before Jan. 1 appears unlikely because Republicans won’t cooperate. ... I don’t know time-wise how it can happen now, Reid, a Nevada Democrat, said on the Senate floor today. He blamed House Speaker John Boehner and Senate Minority Leader Mitch McConnell, both Republicans. See more

Judge: North Carolina ‘Choose Life’ License Plates Unconstitutional A federal judge has sided with the ACLU against the state of North Carolina and blocked the state from offering residents choose life license plates without providing plates with the opposing view. In his decision, U.S. District Court Judge James Fox, who last year issued an order temporarily blocking the state from producing the choose life plates, found the plates to be unconstitutional in the absence of other license plates that promoted a pro-choice position.

Buffett, Soros Call for Higher Estate Taxes Billionaire investors Warren Buffett and George Soros are calling on Congress to increase the estate tax as lawmakers near a decision on tax policies that expire Dec. 31. In a joint statement Tuesday, Buffett, Soros and more than 20 other wealthy individuals asked Congress to lower the estate tax’s per-person exemption to $2 million from $5.12 million and raise the top rate to more than 45 percent from 35 percent.

Dramatic Declines In Foreclosure Activity September 2012 California Notice of Defaults were down 20.7 percent from the prior month, and down 48.1 percent compared to last year. There has been speculation that the banks would rush to clear inventory before the CA Homeowner Bill of Rights takes affect in January 2013, causing an increase in the number of foreclosures. Clearly this is not the case as we continue to see the number of Foreclosure Starts decline. Notice of Trustee ...Sales remains basically flat, up 1.9 percent from the prior month. September 2012 California Foreclosure Sales are down 17.9 percent from the prior month, and down 30.4 percent compared to last year. However, a larger portion of Trustee Sales, 39.2 percent, are being purchased by investors compared to 27.2 percent last year. In the other states in our coverage area, Foreclosure Starts are down with Arizona down 37.1 percent, Nevada down 40.1 percent, Oregon down 40.0 percent, and Washington down 31.2 percent from the prior month. Sales are also down with Arizona down 24.3 percent, Nevada down 19.5 percent, Oregon down 0.3 percent, and Washington down 33.5 percent from the prior month