Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I think most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com from 9:00am to 10:00 am every Friday.
So last week we aired an old show with Congressman Fitzpatrick and his incredibly capable constituent advocates Katie and Kelley. This week was full of great current events: HEMAP (Home Emergency Mortgage Assistance Program) is back in business because our listeners helped by signing our petition. $66 million dollars are now available to help homeowners who are in jeopardy of losing their home. This is the quintessential homeowner assistance program. Foreclosures Spike 9% in May, One of reasons is because HEMAP was out of commission. After the $26 billion dollar settlement the banks stopped hesitating on filing foreclosure.
Today Vince and I are on our own and I need to leave early to attend a settlement. We would like to spend the next hour discussing the relationship between the real estate agent and the mortgage banker. Contrary to most this needs to be a joint effort.
We have recently been using www.CBSPhilly.com/AskPete to entertain questions that people feel more comfortable asking anonymously.
Please join us live at www.wbcb1490.com for the open discussion about the internets role in shopping.
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.