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 believe that 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 were joined for a repeat visit by Richard and Lisa from Thonewood Farms. This week had some interesting current events. Morgan Stanley is being sued for “discrimination”. This lawsuit is a little different in that this is now citizens fighting back not the federal government. Morgan Stanley “believes these allegations are without merit and plan to defend themselves vigorously.” I think I hear that a lot right before they are found guilty. Citigroup not very optimistic about the housing recovery. While the third quarter profits for Citigroup exceeded expectations they did not gain as much from mortgages as the other banks. Citigroups CFO said “we are seeing some elements of stabilization.” “In the past we have seen some of these periodic improvements only to see them crashing down. He did add that the “fiscal cliff” was causing the slow economy. He neglected to mention that banks don’t lend money anymore. Federal Reserve President William Dudley thinks the “Stimulus” should have been more aggressive. Mr. Dudley believes the current sluggishness in the economy is due to tight lending standards. Maybe he should talk to Citigroups CFO.
Today Vince and I are joined again by Brian Brice of US Residential. US Residential has a slightly different approach to “Short Sales” and Foreclosure Options. They offer homeowners the opportunity to work with an experienced, professional and compassionate team that will take you through their easy step by step process.
They are not a loan modification company and they don’t back down from the banks or servicers. They will listen to you and work with you to find the best solution for your situation.
They can introduce you to a network of foreclosure attorney’s and professionals who specialize in foreclosure defence and mortgage law.
It costs you nothing to call and talk to them.
In combination with www.CBSPhilly.com/AskPete we have also been fortunate enough to have been asked to write some articles in “Local Living Magazine” to explore some of the questions you all ask us and the answers we provide. Look for your latest issues available next month.
Please join us live at www.wbcb1490.com for the open discussion about different options available for people either underwater or behind on their payments.
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.