Presidential elections always have a noticeable impact on the economy. Historically speaking, presidential elections usually reverse prevailing trends, which is good news in this economy. Since the media is covering a lot of the “drama” and not much on actually what the policies of each candidate are. I’ve desided to do a bit more investigation myself. For your convenience click below to be directed to the economic policy section of each candidate’s website.
Economic Policies for: Barack Obama

Economic Policies for: John McCain

3 Via Onza, Rancho Santa Margarita - Listed for $735,000
Gorgeous upgraded home, beatufully landscaped! Wonderful open floor plan with cathedral ceilings. Has been totally remodeled features include hardwood flooring, crown molding and 5″ base boards throughout, custom paint, recessed lighting, elegant tile fireplace, Dream kitchden with new appliances, granite counter tops, tumble stone back splash & beautiful cherry cabinetry. All bathrooms are upgraded with new sile stone counter tops, new light & sink fixtures. All bedrooms are spacious with mirrored wardrobes, custom paint & ceiling fans. The yard is perfect for entertainig with built-in BBQ, fire pit & spa, covered patio and a breath taking mountain view.

I asked my loan broker, Dean Rathbun this week how important is it that Fannie Mae and Freddie Mac stay in existence. And her is what he had to say. Fannie Mae and Freddie Mac, the two government-supported mortgage giants at the centre of America’s housing market, pose a particularly acute problem for the government. Not only are they too big to fail, they are almost too big to rescue.
They hold or guarantee some $5.2 trillion of the nation’s $12 trillion of mortgages, backed by the thinnest wafer of capital, meaning their collapse would imperil the already paralyzed American housing market. Yet, an analyst at Graham Fisher, a research firm, points out, nationalizing them, a stark choice for the government since their shares tumbled last week, would “result in a doubling of the federal deficit, a further collapse of the dollar and unthinkable implications for the Treasury’s cost of funding in the debt markets.” (more̷

Teledyne is a local high tech company here in Orange County. Owning their stock has made quite few of their employees and other local people Millionaires. I figured that everybody could understand making money this way. You simply bought Teledyne stock in the beginning and sold it after the price went up (way up).

Last Friday it closed at $65.17 per share. Back in March of ‘03 you could have bought some Teledyne stock for around $15.00. Now my question to you is, “Would it really have mattered to you if you had paid $14.50 or even $15.50? Sure, you want to make as much as you can, but if you had tried to “time the market” to buy it at $14.50 you might have missed it completely and had to pay upwards of $20.00 per share if you wanted in.

My advice to you is to buy when you can. Don’t worry about picking up every nickel off the table. Just get what you can. You would have gotten over 400% growth in the share price. Why be greedy? (more̷

The dynamics of short sales and REO transactions present distinct challenges to REALTORS® and Buyers. 

Short Sales

Short pay transactions or “short sales” are transactions where the seller owes more on his or her home than the home is worth.  The distinct nature of these listings enable a third-party  the lender to intervene in the terms of sale and the lender will dictate after a buyer may have had his offer on that home that the lender will want the seller to counter and
sell the home for more than was originally agreed to by the buyer and the seller.
This is possible, because the lender will have to discount the note, so although the seller has signed a legally binding
contract subject to lender approval of the short sale.

(more̷

There is more to a home purchase offer than the price. Ideally, the offer, including any counteroffers, should encompass all the terms and conditions that will apply to the purchase transaction.

In some states, attorneys draft purchase offers. In other states, like California, most residential purchase offers are filled out by real estate agents using pre-printed contracts that were drafted by attorneys. In either case, make sure to read the offer and understand it before it’s presented to the sellers.

In addition to the price and contingencies, the purchase offer should include such specifics as the deposit amount, the closing date, the date the sellers will deliver possession, any personal property such as a washer or dryer that is included, and any real property such as a light fixture that is excluded from the sale. It is best to be as specific as possible. (more̷

Rancho Santa Margarita

• Star Spangled Spectacular: Enjoy games, live music and children’s activities. Fireworks show to follow. 2 p.m. Free. Lago Santa Margarita, on Avenida de Las Flores between Avenido de Los Fundadores and Antonio Parkway. 949-858-1390 or www.samlarc.org

Mission Viejo

• Street Faire and Fireworks Spectacular: Street fair kicks off at noon with crafts, entertainment, music and food vendors. 12 noon-10 p.m. Olympiad Road between Marguerite Parkway and Melinda Road. 949-830-7066 or www.cityofmissionviejo.org

Lake Forest

• Fourth of July Annual Parade: Event kicks off at 7 a.m. with a pancake breakfast hosted by the Kiwanis Club and a 5K run/walk benefiting El Toro High School’s educational boosters. Parade starts at El Toro High School and goes west on Toledo Road then right on Lake Forest Drive. Free. El Toro High School, 25255 Toledo Way. 949-461-3400 and www.city-lakeforest.com

For all other 4th of July events in all the cities of Orange County pleas click on the link below.

Have a wonderful and save 4th of July.

http://www.ocregister.com/ocregister/homepage/abox/article_1745116.php

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