DENVER–(BUSINESS WIRE)–Jul. 2, 2012– Bank of America today announced a $25,000 commitment to the American Red Cross Mile High Region to aid victims of the wildfires sweeping across parts of Colorado. The Waldo Canyon fire alone has already destroyed nearly 350 homes and forced the evacuation of 35,000 people, surpassing the 257 homes damaged recently by another wildfire near Fort Collins…. More:
Bank of America Announces Support for Colorado Wildfires Relief Efforts
On Thursday, the Supreme Court voted to uphold the 2010 legislation for health care reform signed by President Obama. Many other news outlets are weighing in on the impact of the law on society and politics, but we thought it may be useful to provide a high level update for what it means to a municipal bond investor.
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Health care reform and the impact for the municipal investor
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FinCen’s Electronic Filing to Enhance Data Quality and Significantly Reduce Costs
A Weston short sale occurs when a lender agrees to receive less than the full loan balance due to a hardship on the part of the borrower. A Weston short sale is a negotiation done through the lender’s Loss mitigation department. The distressed homeowner hires a licensed REALTOR® to list, market and sell the property for its current market value, even if less than the outstanding balance of the loan. Since the lender is receiving less than what it is owned, a Weston short sale requires the lender’s approval before the sale can close.
A Weston short sale is executed to prevent a home foreclosure. Lenders will approve a well planned, well prepared, well presented Weston short sale in order to avoid the costs of a foreclosure that can reach tens of thousands of dollars.
The advantages that a successful Weston short sale brings to a Weston homeowner are too numerous to list here, but they include the end of the Weston foreclosure proceedings against the borrower, minimum impact on the credit history (compared to the devastating impact a Weston foreclosure would bring), ability to maintain current employment and obtain future employment. A Weston Short Sale is a complex, detailed and time consuming transaction and a distressed homeowner’s financial future solely depends on his/hers decision of hiring a Weston real estate professional who specializes in and is an expert on Weston Short Sales. Call Patty Da Silva, The Weston Short Sale Expert.
SEARCH WESTON FLORIDA HOMES FOR SALE HERE:
On the last day of the second quarter, the major indexes tracked global markets sharply higher today after a two-day summit in Brussels resulted in a plan to ease borrowing costs in Europe. The Dow rose 277 points, the Nasdaq gained 85, and the S&P 500 added 33. Twenty-nine of the Dow’s 30 components gained ground, with JPMorgan Chase (JPM) the sole laggard, slipping 0.42%. Volume was moderate, and advancers led decliners by about six to one on both the NYSE and the Nasdaq. The prices of Treasuries fell, while gold futures added 3.4% to $1,604.20 an ounce. Oil futures spiked 9.3% to $84.96 a barrel.
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