Sal Gutierrez's (sal_g) Blog

More than ever, consumers start their home buying (or selling) process on-line. A great idea, and something I recommend. However, I also suggest that you enlist the tools of more specialized and localized professionals, Realtors, neighbors, news outlets, etc... to either confirm or help assimilat...

These are 3 main problems why Short-Sales are getting more difficult. Most solutions, such as Forbearance, Deed-in-lieu of foreclosure and short-sales require lender approval and negotiations. However, as David and Bill point out, many lenders are shutting down the lines of communication. As Lynn...

some words of advice before you buy... !! Make sure you sell your home first. Especially, here in Phoenix and Scottsdale. Remember, you cannot control the price a seller will pay. However, you can control the price you pay. Thus, only after you sell your home. Evaluate the less amount you had hop...

A battle broke out Friday for control of Wachovia, Wells Fargo agreed to pay $14.8 billion for Wachovia bank . The surprise announcement that Wachovia Corp. agreed to be acquired by  Wells Fargo & Co. in the all-stock deal -- without government assistance Only four days earlier, Citigroup Inc. ag...

Put simply, the hastily crafted plan lawmakers agreed to in principle on Sunday is intended to revive jittery and fragile banks on Wall Street with enough money -- by using taxpayer funds to purchase billions upon billions of their worst mortgage-related assets -- so that lending, the lifeblood o...

According to the census bureau. , “The spending rate for residential (new homes ) construction projects dropped for the 25th consecutive month at the end of the first quarter and has fallen 34.4 percent from its peak in February 2006. Now, those of you who know me and have read my posts in the pa...

Key lawmakers who struck a post-midnight deal on a $700 billion bailout for the financial industry predicted Sunday it would pass Congress, putting in place the largest government intervention in markets since the Great Depression. Flexing its political muscle, Congress insisted on a package that...

Neither presidential candidate took a position on the proposal. GOP nominee John McCain said he was awaiting specifics and any changes by Congress. McCain and Obama offer their 2 cents on the market  "This financial crisis requires leadership and action in order to restore a sound foundation to f...

But lawmakers digesting the eye-popping cost and searching for specifics voiced concerns that the proposal offers no help for struggling homeowners or safeguards for taxpayers' money. Democrats say it must include mortgage help so borrowers facing foreclosure can stay in their homes.  Over time, ...

The proposal does not require that the government receive anything from banks in return for unloading their bad assets. But it would allow the Treasury Department to designate financial institutions as "agents of the government," and mandate that they perform any "reasonable duties" that might en...