The Very Few Positive Signs in the Economy
Amidst all of the talk of economic Armageddon, falling home
prices, a declining stock market, rising foreclosures, a weak dollar,
and food and energy inflation, it is difficult to find many bits of good
news for the average homeowner. Since the subprime crash and credit
crunch, seriously negative conditions have been prevailing in the market
for over a year now. But it is also important for all people to look
forward to something potentially positive in the days ahead.
http://tinyurl.us/?f=LUKH
House Prices Down, Down, Down
House prices are falling by ?83 a day in some places in the UK
which is more than the average person takes home in wages a day which
currently stands at ?69.65 after tax. The average prices of homes in the
UK are falling at ?45 per day since the beginning of the year. This has
totaled to a massive ?35 billion.
http://tinyurl.us/?f=YMS2
Is Mortgage Insurance the Solution?
Title insurance is paid as a one-time lump sum by the buyer or
mortgage lender at closing. Mortgage insurance would likely be paid the
same way, as a lump sum up-front, rather than in monthly installments,
as mortgage life insurance is paid.
http://tinyurl.us/?f=6DAK
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