Irvine Real Estate

Irvine Real Estate link, CA – House Says NO to bailout by a 228-205 vote

by Robert Mack September 30, 2008 Irvine Real Estate

Nowadays it seems everyone is talking about history—sub-prime rates. They seem to be beating a dead horse and crying over spilled milk. I understand all these sentiments, but these are not going to provide a solution to our current predicament. The situation is grave and must be dealt with rationally instead of calling each other [...]

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Irvine Real Estate Link, CA – The president and the $700 billion bailout

by Robert Mack September 25, 2008 Irvine Real Estate

I am sure most of us who are interested in the current US economic situation, particularly the housing situation and mortgage blunders, have heard the President’s address to the nation—September 24th 2008—which took about twelve minutes to explain to the nation as to what happened and what the feds should do to possibly correct it. [...]

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Irvine Real Estate Link, CA – Bailouts by the federal government

by Robert Mack September 21, 2008 Irvine Real Estate

I do Irvine real estate in Orange County, CA. Although my concentration is predominantly focused on Irvine homes, however I (I should say, we, because my wife is also working with me) keep myself in touch as to what’s happening nationwide regarding the housing market and the general economy. Today, September 20th 2008, I was [...]

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Irvine Real Estate link, CA – Why did it happen to Freddie Mac & Fannie Mae?

by Robert Mack September 14, 2008 Irvine Real Estate

Financial giants, Fannie Mae and Freddie Mac, were mortgage icons as long as anyone can remember. Certainly they existed even before I was born. They grew and grew to a proportion so scary that for any reason if they toppled the effects on the overall economy would be almost irreparable for many years to come. [...]

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Irvine Real Estate link, CA – Banks and foreclosures

by Robert Mack August 13, 2008 Irvine Real Estate

I don’t want to insult the intelligence of the reader, but there are folks who don’t know what foreclosures mean, and for the benefit of those few I would like to define this term in the layman’s language. When one borrows money from a financial institution to purchase a property and for some reason or [...]

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Irvine, CA Real Estate – Why buy a home – Part 2

by Robert Mack August 3, 2008 Irvine Real Estate

First and foremost reason to purchase a home, in my opinion, is simply to own it, owning a piece of America, and for those with small children, to grow in a home rather than in an apartment. To establish roots. While this may be a sentimental reason many buy homes for investment purposes, others buy [...]

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