Archive for September 24th, 2009

Lee Davies discusses Financing and what you need to know about getting pre-approved. Lee Davies Real Estate is here to help you with any home purchasing decisions and questions you may have. Call us today 503-292-1500.

Fed Extends Mortgage-Purchase Programs as Consumer Spending Stays “Constrained”.

Full artical below…

http://www.netthinkers.com/wordpress/wp-content/uploads/2009/09/WALLSTREET.pdf

A study shows that people who abruptly and intentionally abandon their mortgages often have high credit scores, in stark contrast with most financially distressed borrowers.

By Kenneth R. Harney

September 20 2009

Reporting from Washington — Who is more likely to walk away from a house and a mortgage — a person with super-prime credit scores or someone with lower scores?

The complete article can be viewed at: http://www.latimes.com/classified/realestate/news/la-fi-harney20-2009sep20,0,2560658.story