Jason Roshek

Wake Up America, Walking away from your home is not going to help!

Recently there have been many articles about Homeowners should just walk away from their home and not make another payment.  The idiots that are saying this must have a hidden agenda.  

Let's play this slippery slope out a bit. 

So if everyone walks away from their home, And everybody rents What would this accomplish.  I get it, Home prices will drop and everyone can get a new loan, because the Government would make the lenders give us a better deal.  As the great Bill Romonowski once said to a Pittsburgh Steeler Quarterback, Stupid, STUPID, STUPID. 

No, this would not happen.  What would happen is everybody would rent and no one would be able to get a loan unless you put down say maybe 50 to 75% CASH Down. 

I believe there are about 1/3 of all homeowners that have no mortgage payments.  Only 10% of Homeowners are behind in payments.  So that means 55 to 57 percent of homeowners are making their payments. 

Come on America, Wake UP!!! 

Only 3 months left to get the expanded Homebuyers Credit

Remember that you have only 3 months left to get under contract on a property.  You have to be under contract by April 30, 2009.

Ways to save money

Back on December 31, 2009, I wrote about getting the best deal in Real Estate.  Well today, I am going to give you a link to save you money and buy everything that you might need, or at least get you a better deal. 

href</SPAN>="http://rismedia.com/2010-01-27/timing-is-everything-save-money-by-timing-your-purchases/">TimingIs Everything – Save Money by Timing Your Purchases | RISMedia

Colorado Springs idea to save money?

This morning I was watching Fox's local morning show on channel 21.  They reported that the City of Colorado Springs is going to save $50,000. by taking all the trash cans out of the city parks. 

Brilliant.  Good Idea...lets have the messiest parks in the healthiest state.  Not to mention that now you are going to have to hire more people to clean up the parks and have to pay benefits too, just because the parks are full of TRASH. 

This is idea is as good as last years idea to Cancel the 4th of July Fireworks, or not to water the grass in the parks, which you City of Colorado Springs then had to reseed, which I am sure cost more!

Brilliant. 

Woodland Park School District

Woodland Park School District Re-2 is one of 2 school districts in Teller County.  There is one high school, one middle school, and three elementary schools(One in Divide, one off of Kelley's Road, one off of Baldwin.

Woodland Park offers many opportunities for home schoolers too. 

For more information please check out the website at www.wpsdk12.org

You can also call the Administration Offices at 719-686-2000

Report from Fannie Mae

Good News Bad News From RISMedia.com 

Good News is that Foreclosures are selling.  Bad news is more foreclosures are on the way

According to its most recent quarterly report, Fannie Mae acquired 98,428 homes through foreclosure during the first nine months of last year and sold 89,691 REO properties during the same period. However, at the end of September 2009, Fannie Mae still had 72,275 REO properties on its books, marking a 7% increase year-over-year.

Furthermore, Fannie Mae’s monthly summary for November 2009 showed notable growth in seriously delinquent single-family home loans held or guaranteed by the company. Up from 1.89% in November 2008, loans three or more months behind in payments or in the foreclosure process soared to 4.98% in November 2009.

Read more: http://rismedia.com/2010-01-10/fannie-mae-adopts-new-reo-policy/#ixzz0cKZCeNRF

So what does that mean,

That means without growth in jobs, there will be more foreclosures coming on the market.  So please call your local Realtor if you are behind on payments.  If you do not have an agent, call me I will help you find someone that can help.

A New Year...time to clean out the old

The best benefit of moving this time of the year is that you get clean out all the treasures that have been in your home for a while.  Two days ago my family and myself took down our Christmas tree.  As I finished with that I was excited about cleaning up.  You know that rush that you are going to clean the whole house and just get one area done because you stop and play at the computer or start reading a book.  So I started to pack some boxes for our future move to our new home.  It is amazing at all the stuff that I have kept.  Some good memories other just plan junk. 

In short, that is sort of what the New Year brings, a time to clean out the old and start anew.

How your credit report is scored

Did you ever wonder what makes up your credit score?  Well here is the break down on scoring your credit score.

Your credit score is made up of five key components:

1.  Payment History – 35% Types of accounts (credit card, mortgage, auto loans), paid on time, slow pays 30, 60 or 90 days late, number of past due accounts
2.  Amounts Owed – 30% Balances of current loans, debt-to-credit ratio, proportion of installments still owed
3.  Length of Credit History – 15% Time since accounts opened, last activity
4.  New Credit – 10% Recent inquiries, new accounts
5.  Types of Credit Used – 10% Mortgages, credit, retail stores, gas cards

So with that information and the Holiday Shopping Season going on be careful how many new credit cards you get.  The extra 10% of your purchase may not be saving you money in the long run.

Which is it we have come a long way or we have a long way to go?

This is a nice report, but I am confused Mr. President.  Did we come a long way or do we have a long way to go. This is not a road trip across America from LA to New York.  I do not think we have come a long way at all.  America needs to start making stuff, Good Stuff.   

http://www.msnbc.msn.com/id/33529806/ns/business-stocks_and_economy//

Thank you Msnbc.msn.com for the link.

Rush to Pass the Stimulus

I am now completely confused by the actions of the government of the United States of America.  Just last week, our Government Officials postponed the Digital Switch for 4 months, because not everyone in America could get a converter box.  Which America has know for more than 3 years was coming.

Yesterday, Friday February 13th, 2009, our government passed a bill to spend $787 BILLION Dollars that was printed on the Internet so our officials could read all thousand plus pages at 11:00 P.M. Thursday February 12th, 2009, which by Fox Business News reported that not one of our elected officals read the whole thing.

I'm confused, Television wait four more months, Billions and Billions of Dollars passes immediately...What is wrong with this picture... oh wait it is in analog.