[MedicalConspiracies] Unemployed? Get a Federal Loan to Pay Your Mortgage - (Off topic but may help many)

For Realtors

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Today's news that may be of interest to you: Unemployed? Get a Federal Loan to Pay Your Mortgage CNNMoney | October 5, 2010 Unemployed and can't pay your mortgage?   You can soon apply for a no-interest government loan for up to $50,000 to pay your mortgage and cover your arrears. The loan, which can offer assistance for up to two years, will be forgiven if the homeowner stays in the house for five years.  (Anthony's note:  This is a link to the full article that was summarized in yesterday's new link from Realtor.com.  I try to avoid getting too political in my commentary, so I'll just say that I don't believe encouraging folks to borrow their way out of their crisis is the way to help them.  'Nuff said.) Obama Rejects Notary Bill Amid Foreclosure `Caution' Bloomberg | October 7, 2010 President Barack Obama won't sign legislation that critics said would have eased the way for banks to process home foreclosures, his spokesman said. Va. Firm MERS in the Middle of Mortgage Chaos The Washington Post | October 7, 2010 As courts across the country face a wave of foreclosures, a name little known to the public has cropped up on thousands of court filings as a stand-in for prominent banks, lenders and mortgage servicers. Experts See More Trouble for Real Estate Reuters | October 7, 2010 Commercial real estate is where the action will be next year, restructuring and bankruptcy experts said at the Reuters Restructuring Summit on Wednesday. States to Receive $1.5 billion for Small Businesses Bloomberg | October 8, 2010 The Treasury Department on Friday announced a $1.5 billion lending initiative to promote small businesses at the state level. Land Dispute Blooms in Wine Country The Wall Street Journal | October 7, 2010 Developers in Napa Valley are sparring with some local residents and environmentalists over a loophole in a 1960s-era law that might allow property owners to bring residential development to agricultural land. Mortgage Rates Drift to New Record Lows HousingWire | October 7, 2010 The 30-year, fixed-rate mortgage posted another record low in two weekly surveys. From the National Association of Realtors®: Foreclosure Reviews Could Lead to Costly Delays If documentation is found to be incomplete, legal challenges could rise. Retail Vacancies at Malls Hit 3-Year Low Performance will decline, though, if economy remains weak.    Find me on:      Anthony V. Carollo / President Stewart Title of Spokane 606 W. 3rd Ave. Spokane, WA  99201 Telephone: 509.328.7171 Direct Line: 509.321.3939 Direct Fax: 866.652.8834 acarollo@stewart.com Please remember to choose Stewart Title of Spokane on your next transaction! www.StewartSpokane.com