Bill's Connect Realty Blog

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The America Dream- Worth fighting for .. again..

The past few months of incredible borrow and spend policy decisions by the new administration will result in incredible inflation down the road. The mortgage meltdown has been a convenient "cover" for the true nature of the spending spree. This was not a stimulus bill... it is much better described as a defacto financing for far left political organizations and causes. The tactics used to pass this bill... (closed door, one party meetings to draft the bill- and the urgency to pass the "emergency recovery bill" with not ONE senator having read the full bill) are right out of the Marxist playbook.

The Obama administration, and the people he has, or is trying to appoint to "lead" our country, will lead to our ultimate destruction, if we don't quickly resist the insanity. Already, it will take many years to recover from the immense debt burden and the far left policies this debt is paying for.

If you are part of the Silent Majority, it's time to become "not so silent". Our nation is at a crossroads and the time for action is now.

This short video summarizes how we must regain our sense of unity, and turn away Marxism and the "collective" mindset that is being forced upon us. This is America, not some Marxist dictatorship. To insure the freedom fought and paid for by the blood of our ancestors we must be willing to take serious and forceful action to remove Marxist/Socialists from power by educating our friends, family and associates of the peril we face. WE must expose the lies for what they are. We must encourage all patriots to vote and pressure our elected officials to stand behind AMERICAN ideals. We must resist with all our might the tyranny being shoved down our throats by incompetents, tax cheats, and elitist liars who peddle the stench of death and and destruction with the mindless chant for "change". For freedom to reign, the last thing we need is this kind of "change".

 

0 commentsBill McKee • March 22 2009 09:05AM

Foreclosures and Short Sales in Oregon

Want to find foreclosures, bank owned reo's, and short sale opportunities fast, and with very little effort? want a daily update as new opportunities come to market?

This video explains a way to do that using the MLS search on my website. (hey, it's my first attempt at video in this manner, so the production value needs to be improved..) http://www.realtyadvisorsweb.com/Foreclosures.html

1 commentBill McKee • March 17 2009 09:14AM

Timely list of Foreclosures, Short sales, REO, Bank owned

It takes a lot of time to sort/find the distressed listings from the not so distressed these days. To help reduce the time and effort, I decided to filter the MLS data and display only the listings that are likely REO's or short sale suspects. It's not 100%, but it sure is a time saver!

Check it out on my site: http://www.realtyadvisorsweb.com/Foreclosures.html

Connect Realty HQ is also rolling out some new technology for our virtual brokerage that will make our day to day tasks less time consuming, while increasing the time we have to actually talk with our buyers and sellers.  I like that.

Let me know how I can improve the foreclosure/ reo / short sale functions at www.realtyadvisorsweb.com. I'd appreciate it!

Bill

 

0 commentsBill McKee • March 12 2009 06:39PM

Trillions in debt- reaching over $79,000 per household..so far

According to The New York Times, the government has made commitments of $9 trillion ($9,000,000,000) Through March 2nd. And has made commitments of $9 trillion to support the financial system.  Only $2.1 trillion has actually been spent.

Crunching the numbers... that means the US has spent $18,500+ per household to shore up the financial system PLUS $79,646 per household for "other" commitments.

Oh, and our fearless leaders plan to spend ANOTHER $7,000 per household to "stimulate" the economy by borrowing more money.

My memory is short.. now why are we in this financial mess?  Was it something to do with borrowers who took out loans beyond their means to repay? Hmmm. At what point do we acknowledge that our nation's leaders are following the exact same path?

Credit markets will only absorb so much.. and then our creditors (China, Mideast) will decide to cut off the creditline. Then what? The options are limited.  Basically, the US citizen will have no savings.. so that leaves the ultimate option.. print more money!  Yeah, that's a good idea.  We'll need wheel barrows to carry the currency to the store to buy bread...and hope there is any available.

Friends- we are interfering in the financial markets big time and the catastrophe - the distortion government intervention has caused is almost unthinkable.  Congress mandated these subprime loans be made or else... loans that would NOT have been made if Congress was not so intent on lording over the financial markets in this manner. 

It's way past time to remove the parasites in Congress.  They are ruining the country in so many ways it's hard to put into words.  Promotion of radical programs is the fastest way to destroy freedom and liberty- we are being led into slavery by this "stimulus" plan. A high school economics student can see that.

Buy a home?  Soon, interest rates will sky rocket- unemployment will continue to rise.  Inflation will reduce buying power immensely.  Government actions are going to make the recovery process longer and more painful than it should be... but try telling that to the President or Congress. 

 

 

0 commentsBill McKee • March 10 2009 10:19AM

Financial "policies" reduce home financing options...again

Due to Mortgage Insurance guideline changes, maximum LTV's have been reduced..again, effective immediately.

Not only have maximum LTV's been reduced, minimum credit scores have increased, too.

Stable Market Changes:

  • LTVs > 90%:  Eliminated.  New maximum LTV is 90%
  • LTVs > 80%:
    • Minimum Credit Score:  Increased from 620 to 700
    • Max DTI:  Maximum DTI of 41%, regardless of AUS decision
    • Tradelines:  Minimum 3 tradelines required
    • Payment History:  Minimum payment history 0 x 30 x 12 required
    • Reserves:  Minimum 2 months reserves required, regardless of AUS decision
    • Pay off of Subordinate Liens:  Will now be considered cash-out and will not be allowed for LTVs > 80%
  • Second Home:  Maximum LTV lowered from 90% to 80%
  • Cash-Out:  Maximum LTV lowered from 85% to 80%
  • Non-Conforming:  Maximum LTV lowered from 90% to 80%

  Soft Markets Changes:

•         LTVs > 80%:

•o        Min Credit Score:  Increased from 680 to 720

•o        Condos:  Maximum LTV lowered from 95% to 85%

•         Interest-Only:  Maximum LTV lowered from 90% to 80%

These new guidelines are in effect immediately.

0 commentsBill McKee • March 07 2009 12:03AM

U.S.S.A - the economic and moral decline of America-Wanna buy a home?

In light of the grotesque TRILLION dollar spending bill approved by the President and Congress a few days ago, and Obama's proposed federal budget through September.. totaling more than $410 billion (another record spending budget).. including substantial "political earmarks".. we Americans are fast becoming serfs to the world's lenders.  Our "government" also intends to double gifts to foreign governments.. whether friend of foe.  As we dig ourselves deeper into this mess, the lenders (Arabs, China, Asia) who have financed this spending binge  are likely to turn off the tap.. sooner, rather than later.  THEN the real battle begins.

We are being forced into a confiscatory tax situation.  But rather than increase taxes now (which is not politically attractive), this administration is instead BORROWING against future tax collections.  The burden being piled on us is becoming astromical in size.  This is exactly how a nation destroys it's economic viability.  We, as a nation- through our elected "leaders", are being subjected to an intense effort to become forced/indentured laborers under Socialism/Marxism tyranical rule.  Many of our neighbors simply don't realize it quite yet.

Obama's desire is to impose on America the morality of collectivism. When Obama, and almost all other politicians, make their arguments for fairness and compassion, they are NOT advocating voluntary charitable giving. They insist on imposing government sponsored confiscation of some people's property and income.. in order to use it to benefit another group of people.  Over time, recipients of this money come to depend on the labor of others for their sustenance.  These donee's are chosen by the government on the basis of perceived "need", or (more likely) voting record. It is in the political best interest of this kind of government to nurture a large dependent class.. and keep it large, even though the entire economy is driven into the ground and economic opportunities for ALL are extinguished in the process. It's a recipe for misery and hopelessness everywhere it is imposed.

Do the fruits of your labor belong to you, or does it belong to the government, who (after absconding with the government's cut of the action) turns around and doles what remains to another group of people that has been designated 'worthy" and/or dependent?  Think about it.. a growing percentage of your income/assets will be confiscated and transfered to people who "qualify" according to the government.  You will become - in essence- a slave to the needs/desires of people you don't know, can't control, and who will likely "NEED" more  of your income as time goes on.  Where does it end?  It's an immoral system.

Collectivism is not the opposite of capitalism. It's the opposite of freedom and liberty. 

Obama yearns for a elitist Socialist future for America.  His vision is to grow a government wherein we are forced to trade freedom and opportunity for misery and despair.

Contrast Obama's vision to that voiced by Ronald Reagan in his First Inaugural Address...

"In this present crisis, government is not the solution to our problem; government is the problem. From time to time we've been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else? All of us together, in and out of government, must bear the burden. The solutions we seek must be equitable, with no one group singled out to pay a higher price.

We hear much of special interest groups. Well, our concern must be for a special interest group that has been too long neglected. It knows no sectional boundaries or ethnic and racial divisions, and it crosses political party lines. It is made up of men and women who raise our food, patrol our streets, man our mines and factories, teach our children, keep our homes, and heal us when we're sick--professionals, industrialists, shopkeepers, clerks, cabbies, and truck drivers. They are, in short, "we the people," this breed called Americans."

Another President, Abraham Lincoln, was a man of very humble beginnings and much failure during his lifetime. But his vision of the American opportunity offers a fresh perspective on freedom and opportunity.  It's alarming to see how far our leadership has fallen in such a short period of time.

Abraham Lincoln's wisdom offers us a stark contrast the Socialist Collectivism that Obama hopes to impose on America.  Here are a few of Lincoln's musings:

"Let not him who is houseless pull down the house of another, but let him work diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built."

"Our defense is in the preservation of the spirit which prizes liberty as a heritage of all men, in all lands, everywhere. Destroy this spirit and you have planted the seeds of despotism around your own doors." Socialism is the quickest way to destroy the spirit of a nation.

We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution." Whoa- hardly what we have today

"You cannot escape the responsibility of tomorrow by evading it today." A trillion dollar spending bill? 

"You cannot help men permanently by doing for them what they could and should do for themselves." Do I even need to comment on this one? Keeping the masses down and dependant on government is the structural backbone of the Socialism.

It's time to resist Socialism with all our might, energy and resources.  If we don't, the American Dream will certainly be a vague memory and no doubt "revised" in textbooks in accordance with the collective's edict.  Ownership of personal property will become a foreign concept.

 

 

0 commentsBill McKee • March 04 2009 08:27PM