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  • A thoughful word about friends

    Hi, As the years go by, friends and neighbors mean more and more. I saw this poem and wanted to share it because it is so true: GIRLS IN MY CIRCLE When I was little, I used to believe in the concept of one best friend, And then I started to become a woman. And then I found out that if you allow your heart to open up, Life  shows  ...
    Posted to Ann Downing (Weblog) by 81105 on December 12, 2007
  • What are REO s?

    Obtaining Reo Properties:REO stands for “Real Estate Owned”. These properties that have gone through foreclosure and are now owned by the bank or mortgage company. This is not the same as a property going up for foreclosure auction. A home purchased through foreclosure auction you must pay at least the loan balance plus any interest ...
    Posted to Ann Downing (Weblog) by 81105 on October 23, 2007
  • Short Sale Basic Information

    Short Sale!!! You are hearing that a lot lately, but what does it mean? This is a method of disposing of your home without having the lender foreclose on you. You are unfortunately what lender's call "upside down." Let's take this example: you bought the house last year for $500,000, and foolishly took advantage of the ...
    Posted to Ann Downing (Weblog) by 81105 on October 20, 2007
  • Foreclosure Myth?

    A lot of people ask me if there are a lot of foreclosures. I saw that yes, unfortunately, there has been a rise in foreclosures over the past 6 months and there are also a lot of short sales. CNN estimated last month that there are over 1,000,000 foreclosures in the US right now and more on the way. A short sale is when the homeowners have ...
    Posted to Ann Downing (Weblog) by 81105 on September 3, 2007