Senate Bail-Out Bill in a Nutshell

by Administrator 6. October 2008 12:45

The Senate bill passed Wednesday night included measures that:

  • Allow Treasury Secretary Henry Paulson to buy up to $700 billion in bad mortgage-related securities and other bad assets. 
  • Allow the Treasury Department to modify mortgage terms to help homeowners avoid foreclosure.
  • Permit the government to receive equity in companies it helps so taxpayers get a share of any future profits.
  • Restrict executive pay for companies aided by the program.
  • Create an independent oversight board to oversee the Treasury Department program.
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When Should I Sell My House

by Administrator 23. March 2007 15:56

 
Factors affecting the timing of selling our house can be affected by the urgency to secure cash. Be it for another investment or to pre-empt foreclosure. Many people when they are in a hurry to sell their house sell at a wrong time when the amount they get from the sale could have been more.

Basically, I would sell my house when I see that there is a sellers’ market where buyers are more than houses for sale or when the demand is greater than the supply of houses. This usually results to higher prices and this occurs when home mortgage interest rates are low, the economy is booming and investors’ confidence in your area is high.

Investors or buyers confidence is high is a result of good schools in the area, low crime rate, employment opportunities in the area or nearby areas. Nearness to a major city can also be a factor to increase the value of the house.

So when you sell your house, make sure you have the luxury of time and not be forced to do a quick sale.
 

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