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INSPIRATION FOR TODAY:

by The Zwemmer Group

INSPIRATION FOR TODAY:

"When people are highly motivated, it's easy to accomplish the impossible. And when they're not, it's impossible to accomplish the easy."
 

~ Bob Collings (Cited in BITS & PIECES)

ASK "WHY?"

Beginning in the late '60s, a revolution of sorts began in this country. It was a revolution that was irreverent at times, almost always anti-establishment, and it turned many traditional social customs upside-down.

How did it begin? The young, many of college-student age, began to ask WHY? They challenged everything by asking a simple question - WHY? Why must it be so? Why is this or that the "right" way? Why can't I try a new approach? Everything that had been taken for granted by the establishment up to that time was up for grabs.

Voila! The country changed and will never be the same. Was the change all for the good? Hardly. Families suffered. The security blanket of social customs was yanked away. Collectively, we had to find a new direction, new meaning, for our lives. Was it worth two decades of turmoil? So it would seem.

Today's young families seem to be returning to principle-centered living. They are more sophisticated. They understand and adopt good personal money-management philosophies, and they still ask "why?"

The "why" of today, however, is more constructive. It has led to astounding advances in technology. When you ask a "why" today, you can locate the answer in minutes via the Internet. Audio books, motivational tapes, and "online" educational courses make it possible to become enlightened without the need for social revolution.

What about you? Are you asking "WHY?" often enough? Today, the world is yours if you know how to ask the right questions! The "ask why" generation's gift to all of us was the freedom to question and learn, guilt-free. Want to grow as a person? Start asking "WHY?"!

March is ?

by The Zwemmer Group

Monday Morning Real Estate Update 02/25/08

by The Zwemmer Group

Good Monday Morning!

Mortgage interest rates continue to hold fairly steady.  This is good news for the many home buyers out there looking to purchase right now.  It seems like the question that I get asked most often these days is, " what is going on with rates" ?  Well, I wish I had a crystal ball.  The good news is that rates continue to be well below the twenty year average.  This coupled with a high inventory of homes for sale and softer pricing makes our current market one of the best opportunities to purchase a home that we have seen in many years.  The reality is that the market for home buyers is more favorable now than it was in the heated market of 18 months ago.

Canadian / Foreign National Financing 30% down!!  It’s so easy!  Call me or e-mail me for details.

If you would like to search for homes listed for sale in the Palm Springs area with daily e-mail updates as new homes meeting your search criteria hit the market, visit this great website, www.FindMydesertHome.com

NATIONAL OVERNIGHT AVERAGES

 

TODAY

+/-

LAST WEEK

30 yr fixed mtg

5.95%

5.81%

15 yr fixed mtg

5.44%

5.24%

5/1 ARM

5.10%

5.00%

30 yr fixed jumbo mtg

6.93%

6.76%

5/1 jumbo ARM

5.79%

5.64%

 

 

 

 

 

 

 

Weekly Weather Forecast

 

Today       76°F / 55°F   

 

Tuesday    Wednesday   Thursday   Friday        

77°F / 54°F    81°F / 54°F       82°F / 56°F     83°F / 56°F    

 

Saturday     Sunday        

 80°F / 53°F     76°F / 52°F    

 

Have An Awesome Week!

Rob Zwemmer

NEW ! DESIGN TV now available for everyone !

by The Zwemmer Group

 

We are please to introduce to all our visitors and clients a new FREE service.  click on the link below and pick up some new ideas.

enjoy !

Is Your Identity at Risk?

by The Zwemmer Group
Tips For Preventing Identity Theft

How can someone steal your identity? Identity theft occurs when someone uses your personal information such as your name, Social Security number, credit card number or other identifying information, without your permission to commit fraud or other crimes. Identity theft is a serious crime.

People whose identities have been stolen can spend months or years - and their hard-earned money - cleaning up the mess thieves have made of their good name and credit record. In the meantime, victims may lose job opportunities, be refused loans, education, housing or cars, or even get arrested for crimes they didn't commit.

The Identity Theft and Assumption Deterrence Act of 1998 allows victims of identity fraud the right to file police reports and to recoup damages. It also appoints the Federal Trade Commission (FTC) to serve as an advocate for victims by assisting them with finding the right law enforcement agency to prosecute their case.

 

If you think your identity has been stolen, here's what to do:

 

1. Contact the fraud department of any one of the three major credit bureaus to place a fraud alert on your credit file. The fraud alert requests creditors to contact you before opening any new accounts or making any changes to your existing accounts. As soon as the credit bureau confirms your fraud alert, the other two credit bureaus will be automatically notified to place fraud alerts, and all three credit reports will be sent to you free of charge.

2. Close the accounts that you know or believe have been tampered with or opened fraudulently. Create an Identity Theft Affidavit when disputing new unauthorized accounts.

3. File a police report. Get a copy of the report to submit to your creditors and others that may require proof of the crime.

4. File your complaint with the FTC. The FTC maintains a database of identity theft cases used by law enforcement agencies for investigations.

 

Tips On Preventing Identity Theft

1. Shred or burn any papers with financial information and identifiers, such as account numbers or your Social Security number. Tearing documents in half and throwing them in the trash is not enough protection.

2. Don't put your Social Security number on any document unless it is legally required.

3. Check your credit report regularly (ideally, twice each year) to make sure you recognize all the entries.

4. Remove your name from promotional lists operated by credit reporting agencies and credit grantors.

Bought a House? Need a Loan?

Once you have found the perfect home and negotiated the price and terms, it's time to tackle the most difficult part of the transaction - finding the perfect loan. Every homebuyer should do comparison shopping among lenders. Your realtor can refer you to several reputable lending institutions as well. Once you've made a choice, the loan officer will take your application and have you sign all the necessary papers to authorize credit and employment verifications. Request periodic progress reports to make sure that all of the details are taken care of. These reports will help to ensure that any potential problems are discovered and addressed before they can threaten the timeliness of the transaction.

Rob Zwemmer at News Channel 3 Evening News !

by The Zwemmer Group
Federal foreclosure Assistance Welcome News for Locals (2/12)
 

The White House Tuesday set into place a foreclosure assistance program that would give qualified homeowners a 30-day period before their home would be foreclosed. News Channel 3's Arnell Dimaandal has reaction from local homeowners and still needs to happen before homeowners

 

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Mortgage Forgiveness Debt Relief Act of 2007 - H.R. 3648

by The Zwemmer Group

 

The president signed into law December 20, 2007 bill H.R. 3648 creating temporary tax breaks on indebtedness for some troubled borrowers. Here is a brief summary of the Real Estate related provisions.

 

3-year Exclusion from Gross Income of Discharged Home Mortgage Indebtedness. The bill amends current law, which requires taxpayers to include discharges of mortgage indebtedness as income and to pay tax on this income. This bill provides a three-year exclusion for discharges of up to two million dollars of indebtedness (on or after January 1, 2007) which is secured by a principal residence and which is incurred in the acquisition, construction, or substantial improvement of the principal residence. Instead of including this amount as income, the basis of the individual’s principal residence would be reduced by the amount excluded from income under this bill. 3-year Extension of the Mortgage Insurance Deduction. The bill extends the deduction for mortgage insurance for three years (through the end of 2010). Current law limits the deduction for mortgage insurance to payments (including Veterans Administration, Rural Housing Administration, and Federal Housing Administration insurance premiums) made prior to the end of 2007. The bill would provide that payments will qualify for this deduction so long as the contract is entered into after 2006 and before 2010.

 

Modification of Exclusion of Gain on Sale of a Principal Residence. The bill amends the current law exclusion of up to $250,000 ($500,000 if married filing a joint return) of gain realized on the sale or exchange of a principal residence. Under current law, the sale of a home will qualify for this exclusion if the home is a taxpayer’s principal residence for at least two of the five years ending on the sale or exchange. This exclusion applies even if the home was initially purchased as a second home. Under bill HR-3648, if a taxpayer moves their principal residence to a second home, the taxpayer will only be able to utilize this exclusion to the extent that it relates to the period of time when the home was first used as a principal residence. Modification of the Qualification Tests for Cooperative Housing Corporations. The bill would modify the requirements for qualifying for the special rules available to cooperative housing corporations. Under current law, a cooperative housing corporation must meet several requirements, including a requirement that 80 percent or more of the cooperative housing corporation is earned from the corporation’s tenant-stockholders. The bill would provide two alternatives to this 80 percent rule (i.e., one based on square footage and another based on cooperative expenditures). These two alternatives will make it easier to qualify as a cooperative housing corporation.

INSPIRATION FOR TODAY:

by The Zwemmer Group



"What is more mortifying than to feel you've missed the Plum for want of courage to shake the Tree?"
 

~Logan Pearsall Smith

WOULD YOU ENTER THE BLACK DOOR?

Many years ago, in a country far away, a ruthless dictator terrorized his prisoners. On their execution day, each prisoner was summoned for an audience with the cruel dictator. Standing face-to-face, the dictator gave each condemned man a final choice - to either face the firing squad - or go through the "black door."

Having experienced countless episodes of torture and cruelty already, the prisoners invariably chose death over the unknown terror that they imagined must lie beyond the "black door." Finally, the day came when the dictator himself lay on his deathbed. Curious, his inner circle of advisors asked him, "What lies beyond the 'black door'?" His answer? "Freedom!"

People are still making that choice today - choosing lives dampened by fear, rather than taking a chance on the unknown beyond the black door. That awful, scary feeling that comes from "fear of the unknown" is often just enough to keep us from breaking out into the clear light of day that illuminates our success.

The next time an opportunity presents itself, yet fear threatens to smother success, take time to understand your fear. Make a list of what you fear may happen. Write down the worst that could happen. Next, make a list of the benefits you would reap by taking positive action. When the benefits exceed the risks, the decision will become clear.

Get in the habit of setting clear, concise daily goals for yourself. As you set and achieve them, you will notice that "fear of the unknown" begins to fade. You will accomplish more in a day than you otherwise would in a month.

Finally, remember one of my favorite and often used quotes: "Fear knocked at the door. Faith answered. No one was there."

Monday Morning Real Estate Update 02/18/08

by The Zwemmer Group

Good Monday Morning!

Happy Presidents Day!

Last week, I spent some time reviewing statistics from a number of major Real Estate markets across the country.  The one thing that I noted was the fact that our Real Estate market in the Palm Springs area is currently fairing better than most.  With the Fed's recent decisions to lower  term rates, we could see a trickle down of lower mortgage rates in months to come.  This could begin a slight improvement nationally and have a huge impact on our local market.

I do have one word of caution at this time.  If you are thinking about selling your home, don't wait for Summer.  The amount of interest could be less by Summer if the typical situation of less home buyers at that time.  If you are serious about selling, get your home on the market now or a the latest by the first of next month.

NATIONAL OVERNIGHT AVERAGES

 

TODAY

+/-

LAST WEEK

30 yr fixed mtg

5.81%

5.55%

15 yr fixed mtg

5.24%

5.04%

5/1 ARM

5.00%

4.98%

30 yr fixed jumbo mtg

6.76%

6.61%

5/1 jumbo ARM

5.64%

5.58%

 

 

 

 

 

 

 

Weekly Weather Forcast

 

Today                 70°F / 50°F

 

Tuesday      Wednesday    Thursday      Friday''''''y      

 77°F / 50°F    69°F / 49°F       69°F / 48°F     70°F / 50°F    

Saturday      Sunday  

68°F / 50°F     74°F / 50°F    

 

Have An Awesome Week!

Rob Zwemmer

 

Good Monday Morning! 2/11/08

by The Zwemmer Group

Monday Morning Real Estate Update 02/18/08

 

What a gorgeous Winter Weekend!  It just does not get any better.

Our local Real Estate market continues to hold up with a much better market than what we see nationally.  All of the bad press that we read about the national Real Estate market does not accurately describe our local market.  Certainly the market has shifted some, but overall we continue to see home prices rise and we see good sales activity in most price ranges.  Our current market is ideal for home buyers and investors.  Look for more of the same through the next several months.

On Thursday, the Senate approved, 81-16, an amended version of the Economic Stimulus Plan. 

Part of the Economic Stimulus Plan is for to increase conforming loan amounts from $417,000. What’s this mean?  For places like Coachella Valley, who have large inventory over the $417,000 price threshold, and for loan amounts between $417,000 and $625,000 now will be considered conforming loans and will decrease by 1.25%!!  On a $625,000 loan amount that means a decrease by $505.06 per month on a 30 year fixed.

Displaying blog entries 1-10 of 11

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