The Weekender

Although Laguna Woods Village is one of the most affordable senior communities in Southern California, there are still financial requirements for purchasing a home here. For a Stock Cooperative, or Co-op, you need $125,000 in liquid, marketable, or income producing assets above the purchase price and $36,000 per year in income…  Now, family can co-sign with the resident (i.e. - your sister and you and help out your dad) in order to reach the financial requirements.  “Assets” can include equity in a property (do you or your sister own a home?), 401 k, IRA, stocks and bonds, income producing property, etc.
 
It is very common for a daughter or son to “go on title” 1% so their finances can help their parents move into Laguna Woods Village…  Also, another bit of information or “work around” that we have is any resident that gets a loan for more than 50% of the purchase price (i.e. - put down 20% cash and get a loan for 80% of the purchase price as an example) the financial requirements “may be waived” upon the judgment of the board.  We have found that the financial requirements will be waived for one or the other of the requirements if the resident gets a loan for more than 50% of the purchase price.  In other words, if you meet the income requirements but not the asset requirements - you are in - typically.

I don’t know if these financial requirements help in making the City of Laguna Woods one of the “Top 10 Safest Cities in the Nation”, which it is, but it sure can’t hurt!

Please see my web site if you have any further questions or would like more information about the active senior community of Laguna Woods Village, formerly Leisure World, at: www.leisureworldre.com

Hello fellow Americans.  We have been hearing a lot of talk about the government “bail out” of the mortgage market as a solution to this current financial crisis.  I’ve got a better idea, give the people who are in crappy ARM’s that they can’t afford the option of a gov’ment secured 60 year mortgage (at the prevailing interest rate)!  This will lower their mortgage to a manageable amount of money each month with the hopes that in another 7-10 years the prices of homes will go back up and then they can sell for a profit or at least what they owe on the home…  Also, make the 60 year mortgage “assumable” so another person can buy the home if the person just wants out entirely…  As an “incentive” for taking on this 60 year loan - for the new person that wants to buy the distressed property - throw them a “bone” of only having to come up with like 3% down or something - since they are taking a risk by purchasing this home and will have to stay in this house for another 7-10 years lets say, until the housing prices come back up again!

I am a real estate agent in Laguna Woods, Calif. (www.leisureworldre.com) so I know a bit about the mortgage market and how it works.
 
I am so surprised the “big wigs” in Washington have not thought of this idea.  Don’t “dismiss” the bad debt, keep it until prices rise again and then nobody looses!!  Shout it from the roof tops fellow Americans and pass this Blog entry around the Internet!

By Patrick McNamee, Realtor, Century 21 Rainbow

Bankruptcy Lawyer - Filing bankruptcy? Call 800-290-1000. Legal Helpers, the largest bankruptcy law firm in the country has the experience to help you.

You will want to look for a bankruptcy attorney that has time to devote to your case and not pass you off to an associate or paralegal. This question is something you need to ask before selecting an attorney. You can ask friends or family for a referral. You can ask the court of courts secretary in your community for a list of reputable lawyers. You should do some research before hiring a bankruptcy attorney. For example, if you see a lawyer on television, that does not mean you are going to receive the best lawyer.

Guaranteed job placement in the IT field for motivated UK candidates - from Futures Development Ltd..

It also makes the training that you receive in IT from UK companies are the more important. The skills shortage that is being faced in the UK is addressed by focused and concentrated IT training. This also offers those who graduate from these IT training courses a great opportunity to land lucrative positions with companies that are looking for exactly the skills that they have to offer.

In fact the curriculum of the most effective IT training courses is based directly on current industry needs. So graduates of IT certification programmes will find themselves with exactly the kind of qualifications required by thousands of businesses immediately upon graduation.

Would you like to have access to a place where you can easily create promotional messages for your products and services? A place where you can build backlinks to all your websites and get the attention of Google and the other search engines? The Link Builder Network is just the answer you are looking for - a network of more than 50 blogs you can use to promote all your products and services.

New blogs recently added to the Link Builder Network - There are currently more than 50 blogs which members of the Link Builder Network have access to, but we continue to add more. Here are some of the most recent:

Join Me Business - business topics, marketing, starting a business, running a business, marketing your business, etc.

CVNBusiness.com - focus on business, finance, home business, entrepreneurship, marketing, business management, etc.

The Weekender - focus on recreation, social, entertainment, travel, things to do, hobbies, etc.

Travel Zone - travel articles, home, real estate, finance, and more.