Archive for the ‘Property Source Radio’ Category

Getting Cozy

Wednesday, October 5th, 2011
By Lana Torre
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When I think of autumn, I think nesting. I so look forward to getting cozy in the house, cooking up a pot of lentil soup, finding my lost furry flip flops, adding a large bowl of polished red apples to my kitchen table, and preparing the super soft flannel sheets for duty.
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Since we spend one third of our lives sleeping, the bed and bedroom should take high precedence in your home.
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Let’s talk paint. As many designers believe, the bedroom should be a calming place to rest. Using bright, bold colors could conjure up nightmares or screaming matches with your honey. Softened blues and greens are soothing watery colors, and would be perfect choices for your bedroom wall color. Neutral shades of beige, ivory, natural, and sand with trim painted in a soft off white is a good canvas for adding colors in sheets and duvets. I love an all white bedroom, using white, but in different shades, from creamy to whipped creamy [yes, totally different].
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Good quality sheets are a must [no exceptions here]. Buy by the thread count, which translates to how many threads are in one square inch. The more threads, the better the sheet, and usually softer too. I am a huge fan of organic sheets, which means the cotton has not been sprayed with insecticide and the fabric has not been synthetically dyed.
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Plan to always purchase sheets of greater than a 300 count, and if you really want to indulge, look for 700 or 800 count, and of course, all cotton. A down comforter is a certain pleasure for good sleeping. Buy one with channels to keep the down in place. If you are allergic to down, some have feathers that are washed and washed again to cleanse all the dirt and debris so some people find these tolerable for their allergies. For the ultimate nest, place a down featherbed over the mattress and under the sheets. It is like sleeping in marshmallow fluff.
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Keep your bedroom spacious and simple. Try not to overcrowd furniture here. Have plenty of space to make the bed. I think the perfect bedroom should have only a bed and nightstands and everything else stored in a huge master closet.
Think Feng Shui placement. The bed should greet you when you enter the room, but most people find a pleasing layout of centering the bed between two windows.
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Window treatments here are a must. Most people find room darkening shades to be the perfect solution to negotiate natural light and privacy. Imagine simple roller shades made of fabric to match the window trim. Blinds that open and close and move up and down are another choice. Plantation shutters look clean and southern and are available in various slat widths and can be mounted inside the window case and outside.
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Use muted patterns for duvet covers and comforters. Remember, go Zen. Use natural leaves and vines, and soft florals. Solid colors upon solids will always give your space a classic look, try charcoal greys and cream.
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Give yourself and your honey the gift of a good night sleep. Prepare the nest, close your eyes. Sweet Dreams.

Scam Dupes Home Owners into False Loan Audits

Saturday, October 1st, 2011

As Alex reported 10/1/2011 on Property Source Radio.
Realtor.org  – Daily Real Estate News | Tuesday, Sept 27, 2011
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More home owners are being tricked into a forensic loan audit, a new scam that targets struggling home owners looking for a loan modification to save their home from foreclosure.

Several organizations, usually linking themselves to attorney and auditor organizations, have popped up in the last two years offering forensic loan audits. The Federal Trade Commission and Better Business Bureau say complaints about these “loan audit” companies have skyrocketed since the beginning of the year.

In the scam, the organizations claim to review a home owner’s mortgage documents to determine whether their lender had complied with state and federal lending laws. They then promise to get the home owner a quick loan modification and possibly a principal reduction on their mortgage too. Home owners pay an upfront fee—usually about $3,000.

However, home owners say that they aren’t getting a loan modification and usually nothing happens after the audit, even when errors in loan documents are revealed.

“They lure consumers to believe that by hiring them for a review of a loan modification package, they can expedite the process and get better results, or they make false promises that they can get a loan mod or principal reduction,” Josh Fuhrman, FTC’s senior vice president of community affairs, told AOL Real Estate News. “Home owners are not typically getting any results. [Scammers] are just stringing [home owners] along, or they disappear.”

Source: “Home Owners Beware: Forensic Loan Audit Scam,” AOL Real Estate (Sept. 26, 2011)

Fannie, Freddie May Hike Fees in 2012

Saturday, September 24th, 2011

As Alex reported 9/24/2011 on Property Source Radio.
Realtor.org  – Daily Real Estate News | Tuesday, Sept 20, 2011
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In overhauling Fannie Mae and Freddie Mac, the government may require more private mortgage insurance from borrowers and charge lenders higher fees to guarantee loans–moves that could increase borrowing costs, Edward DeMarco, acting director of the Federal Housing Finance Agency, said this week at a mortgage conference in Raleigh, N.C.

Such steps are aimed at making the mortgage market more competitive and trim costs to the federal government by $28 billion over 10 years.

The government-sponsored enterprises buy loans from lenders and package them into securities that are then sold to investors. The GSEs charge a “guarantee fee” when they buy mortgages, a fee likely to be raised in 2012.

The increase could lead to a modest increase to mortgage borrowers. “Increasing the guarantee fees by 0.1 percentage point, as the White House proposed, would raise the monthly cost of a $220,000 mortgage by about $15,” The Wall Street Journal article notes.

Fannie and Freddie may also require borrowers to hold more private mortgage insurance to lessen the risks on taxpayers. The federal government took over the GSEs in 2008.

Any changes would be made “gradually” to avoid harming the already fragile housing market, DeMarco said.

Source: “Fannie, Freddie to Raise Fees,” The Wall Street Journal (Sept. 19, 2011) and “Mortgage Finance Head: Shift Risk From Treasury,” Associated Press (Sept. 19. 2011)

Green Mortgages Allow More Options for Upgrades

Saturday, September 17th, 2011

As Alex reported 9/17/2011 on Property Source Radio.
Realtor.org  – Daily Real Estate News | Tuesday, Sept 12, 2011
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With the growth of green building the last decade, green lending has emerged to help finance those often costly “green” upgrades.

Dave Porter, with PorterWorks in Stanton, Wash., who provides continuing education courses on green lending to those in the real estate industry, says there are several basic types of green mortgages, which most of the public still isn’t very aware about. For example, energy-efficient mortgages (EEMs) are “used to finance the construction of a home that would meet green standards or to buy one that’s newly built.” An energy improvement mortgage (EIM), on the other hand, is used to buy and fix up a house that needs green improvements, like insulation or new windows.

The loans are available through mortgage programs by Fannie Mae, the Federal Housing Administration, Veterans Affairs, and the Department of Agriculture.

“They have slight differences in requirements, but basically they allow you to finance the home, plus the energy-conserving improvements, without having to qualify for the additional cost of the improvements,” Porter told the Chicago Tribune.

Source: “Market Ripe for Green Loans,” Chicago Tribune (Sept. 9, 2011)

Clean and Green

Thursday, September 15th, 2011
By Lana Torre
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Hate chemicals? Hate having so many spray bottles under your sink each solving a specific cleaning problem? Hate the thought of not cleaning ‘green’? Here are common household cleaners right from the fridge or pantry. They are green, safe, inexpensive, and you will not have to wear rubber gloves or ruin your manicure!
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Baking soda is a natural scrubbing agent and deodorizer. Use it in your kitchen and bath sinks. Mix water with it to form a paste and scrub your tub and shower. Of course we use baking soda to rid the fridge of nasty smells, but sprinkle it on spills on the fridge shelves then just wipe clean with a soft cloth.
Mayonnaise! I am a snob and always use Hellman’s for my egg and olive salad. You can clean and polish your wood furniture with it, sans the eggs. The mayo will leave wood case pieces clean and shiny.
Lemon juice is your natural whitener. You can squeeze the juice and whiten any yellowed kitchen appliance. Soak your fingernails in the juice to make them sparkling white. Use halved lemons as scrub brushes sprinkled with kosher salt. Grind leftover lemon pieces in your disposal for a fresh scent, the lemon will help to sharpen the blades in your disposal too. Mix lemon juice and kosher salt to clean the cutting surfaces in your home.
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White vinegar is the best and most universal of all pantry items. I use it to clean the coffee pot every week. Just pour diluted vinegar into the water tank of your coffee maker and allow it to run through. All the accumulated coffee oils and stains will disappear. Undiluted vinegar is the best product to get rid of soap scum in the tub and shower, it will naturally eat through it, leaving a clean, shiny surface. For nasty clogged showerheads, simply unscrew and soak in vinegar and they will perform like new.
Lemon Joy dish soap is an excellent glass and window cleaner. Just squeeze this yellow soap into a bucket of warm water and wash your windows with a sponge, then wipe dry with a micro fiber cloth, no rinsing and the glass will sparkle.
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Tea bags steeped in hot water will make an amazing cleaner for your hardwood floors. Your floors will be shiny and clean. The tannic acid in the tea is a super cleaning agent. If you have a few scratches on your hardwoods, crack open a brazil nut and rub it into the scratch, it will miraculously disappear.
Kitty liter is an inexpensive deodorizer. If your kids have smelly sneaks, pour liter into them and let them sit overnight. If they are locker room stinky, fill them with liter and place in the freezer overnight. {I would use the freezer in the garage].
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All these products from your kitchen are so safe your kidlets can join in the fun of cleaning ‘naturally’. Yeah, right!

Rick Borrelli and The Windsor Cottage on PSR – Listen Now

Saturday, September 10th, 2011

House & Coyne have a full house with Rick Borrelli of Re/Max First and Peggy Growne for the Windsor Cottage as their guests. Tune in this Saturday 9/10/11 from 9-10am.

Rick Borrelli is a seasoned Agent that lets us know about today’s real estate market and the dos and don’ts about selling your home. Rick also represents a Horizon Homes in Greece. New homes off N Greece Road in Greece starting in the $200s. Model open this weekend at 86 Rockwell Drive. Hilton Schools. For more information call Rick Borrelli at 585-719-3550.

Peggy Growne started The Windsor Cottage on 9/11/2001 and tells us her story. This unique store is located in Winton Place and offers home furnishings. Visit their website for location and hours.

Property Source Radio is every Saturday from 9-10am on Sportsradio 950AM ESPN. You can listen on the radio or stream the show from our website. We have our latest promos on the site, click in to listen (Apps and Suppository)

Listen to this PAST SHOW now.

Saving Money With Salvaged Materials

Saturday, September 10th, 2011

As Alex reported 9/10/2011 on Property Source Radio.
Realtor.org  – Daily Real Estate News | Tuesday, Sept 6, 2011
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Clients who are remodeling can help the environment by using salvaged building materials, which saves energy and reduces greenhouse gas emissions, according to the U.S. Environmental Protection Agency’s Green Building Web site. Clients may also be able to find rare and sought-after pieces like marble mantles, antique fixtures, old-growth hardwoods, wide-plank lumber, and knot-free fine-grain wood.

Give clients the edge in locating those hidden gems — and saving money in the process — by branding, printing, and hand-delivering free info on salvaged building materials from the REALTOR® Content Resource.

Also available are two other “Reusing and Salvaging Like a Pro” articles that you can hand-deliver (or post to your Web site, blog, Facebook, or Twitter; e-mail; or add to your e-newsletter). You can also search the REALTOR® Content Resource by keyword or topic for other content ranging from home improvement and maintenance to taxes and finance.

HUD Extends Unemployed Mortgage Relief Program

Wednesday, August 31st, 2011

As Alex reported 9/3/2011 on Property Source Radio.
Realtor.org  – Daily Real Estate News | Tuesday, August 30, 2011
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The Department of Housing and Urban Development has once again extended its deadline for a program that provides up to $50,000 in interest-free loans to unemployed or medically ill home owners who are struggling to make their mortgage payments.

The new deadline is now Sept. 15. HUD resumed taking applications for the program on Monday.

The $1 billion Emergency Homeowners Loan Program, which launched in June, was originally slated to end on July 22, but HUD first extended the deadline to July 27 to give home owners more time to apply.

Home owners eligible for the program will be able to qualify for up to $50,000 in interest-free loans for up to two years. Home owners who have had a drop in income of at least 15 percent from involuntary unemployment or underemployment due to economic conditions or a medical emergency are eligible for the program. Home owners must still be able to contribute $150 per month toward their mortgage. (Learn more about eligibility requirements and the participating states at http://findehlp.com.)

Source: “HUD Extends Deadline for Unemployed Mortgage Assistance,” HousingWire (Aug. 29, 2011)

Report: ‘Fixing Housing Crisis Will Create 1 Million Jobs’

Thursday, August 25th, 2011

As Alex reported 8/27/2011 on Property Source Radio.
Realtor.org  – Daily Real Estate News | Tuesday, August 23, 2011
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A new report argues that if banks wrote down the mortgage principal of underwater borrowers it could pump $71 billion per year into the economy and create more than 1 million jobs annually. The report, “The Win/Win Solution: How Fixing the Housing Crisis Will Create One Million Jobs,” comes from The New Bottom Line, a campaign that represents about 1,000 nationwide faith-based and community organizations.

The campaign argues in the report that by lowering home owners’ mortgage payments by an average of more than $500 per month–or $6,500 per year–that it would free up about $6 billion dollars per month that home owners could then spend on such items as buying groceries, household necessities, school supplies, etc.

“Home owners across the nation are struggling to pay their boom-era mortgages with their recession-era salaries and the economy is suffering for it,” according to the report. “Writing down the principals and interest rates on all underwater mortgages to market value would serve as the second stimulus that America so desperately needs, only without added costs to taxpayers.”

The group is pressing State Attorneys General, who are currently in settlement talks with the nation’s largest banks over allegations of foreclosure abuses, to stand firm on its request for principal reductions for underwater borrowers.

Source: “Fixing the Housing Crisis Would Create One Million Jobs Annually,” RISMedia (Aug. 21, 2011)

Lana Torre Brings Bayles Leather House on PSR – Listen Now

Thursday, August 18th, 2011

3rd Saturday of the month = Lana Torre on Property Source Radio!

Join House and Coyne as they welcome Alan Brandt, owner of Bayles Leather House in Victor at 7275 State Route 96, as he talks on what you should look for when buying leather! Good information and you will probably say – I did not know that!

Property Source radio is live on the radio Saturday Mornings from 9-10am on Sportsradio 950AM ESPN or you can stream the show from our website.

Listen to this PAST SHOW now!