Foreclosures Rise, Driven by Loss of Jobs and Income

Interesting reading below about the rise in foreclosures being driven by job loss.

Posted By susanne On August 23, 2009 @ 1:06 pm In Real Estate, Today's Marketplace

RISMEDIA, August 24, 2009-(MCT)-Delinquency and foreclosure rates for U.S. mortgages continued to rise in the second quarter, with loans to the most qualified borrowers going bust at an unnerving clip, especially in hard-hit states such as Florida and California.

“The reason people are defaulting on these (loans) is they simply don’t have income, and there aren’t any loan modification programs for someone who does not have income,” said Rick Sharga, the vice president of the Irvine, Calif., firm RealtyTrac, which specializes in foreclosure research. The trend will grow worse.
“The rising levels of unemployment will probably, over the next nine to 12 months, become the primary impetus for foreclosure activity,” Sharga said. “That’s the wave that is just starting to hit and we’re just starting to see the problems now.”

Read the full article (may need to cut and paste): http://rismedia.com/2009-08-23/foreclosures-rise-driven-by-loss-of-jobs-and-income/print/

Home Maintenance Tip-Conserve Water and Save Money

This Home Maintenace Tip on water conservation is brought to you courtesy of Old Republic Home Protection.

Today we are all concerned about conserving, going "Green" and saving money. Maybe not all in that order. Here are some great tips I ran across and want to share them with you.

1. While waiting for your shower to warm up, catch excess water in a bucket and use it to water houseplants or outside potted plants

2. Only run the dishwasher when it is fully loaded

3. Installing aerators on your faucets, showerheads and toilets is said to cut your annual water consumption by more than half

4. By cutting your shower by 2 minutes will save 1000 gallons a year

and my favorite:

5. Turn off the water while you brush your teeth and shave.

New Listing in Riata Ranch at 17515 Lone Wolf Pass in Northwest Houston

Check out this brand new listing in Riata Ranch at 17515 Lone Wolf Pass. Riata Ranch is located very convenient to 290 and Lone Star College off Barker Cypress.

This lovely home was a previous DR Horton model home so you know its a looker plus it is located on an oversized, premium lot. Look, semi-private back yard and you can look out your front kitchen window are view the beautiful park.

Check it out at www.AnnMarieGargano-Parks.com

Price reduction 7918 Adagio in Beautiful Woodwind Lakes

7918 Adagio in Woodwind lakes has been reduced in price to $268,000. This is a beautiful Trendmaker built home located in Northwest Houston. The home is convenient to 290 and Beltway 8 with only (approx) 20-25 minutes to The Galleria, downtown Houston and Bush Intercontinental Airport.

2 story home-4 bedrooms-3 baths-formal dining-formal living or study-private backyard-lush landscaping and so much more. Check it out at www.AnnMarieGargano-Parks.com

Easy Ways To Improve Curb Appeal

Interesting article on EASY WAYS TO IMPROVE CURB APPEAL. Also check out:
6 Landscaping Tricks That Wow Buyers.

http://www.realtor.org/RMODaily.nsf/pages/News2009072704?OpenDocument