Washington Mutual, was seized by the federal Office of Thrift Supervision .  This is the largest bankfailure in US history.  The Assets of Washington Mutual were sold to JP Mprgan Chase for $1.9 Billion.  This story highlights the sense of urgence required to pass some sort of rescure plan quickly.  Who will be next? Name: Bob Buchanan Company: First Assured Mortgage   Email: Contact First Assured Mortgage Website URL: http://WWW.Firstassuredmortgage   Office Phone: (785) 856-5626 Ext.: 111 Cell Phone: (785) 979-1073 Alt. Phone: (866) 754-5311 Fax Number: (785) 856-7283 Address: 4830 Bob Billings Parkway Suite 100A , Lawrence, KS, 66049 Description: Full service lender Residential and Commercial   1690 Points   About Us: With 7 years of experience working with Realtors, Investors, and m... 09/26/2008

To address increasing occurrences of the practice known as "buy and bail," FHA has issued Mortgagee Letter 08-25- Converting Existing Homes to Rentals- underwriting instructions.  FHA is instituting the following requirements for borrowers who purchase a new primary residence without selling their existing primary residence.  The term "buy and bail" refers to a developing trend where borrowers purchase a new primary residence either closer to their employment or in close proximity to their existing primary residence.  Once the new mortgage is closed, the borrower stops making mortgage payments on the original primary residence and allows the lender to foreclose.   Effective for loans with case numbers assigned on or after September 19.2008 and are temporary measures being implemented un... 09/23/2008

To address increasing occurrences of the practice known as "buy and bail," FHA has issued Mortgagee Letter 08-25- Converting Existing Homes to Rentals- underwriting instructions.  FHA is instituting the following requirements for borrowers who purchase a new primary residence without selling their existing primary residence.  The term "buy and bail" refers to a developing trend where borrowers purchase a new primary residence either closer to their employment or in close proximity to their existing primary residence.  Once the new mortgage is closed, the borrower stops making mortgage payments on the original primary residence and allows the lender to foreclose.   Effective for loans with case numbers assigned on or after September 19.2008 and are temporary measures being implemented un... 09/23/2008

9/22/08   Volatility continues to be the name of the game.  Rates are opening up higher that Fridays close.  Inflation is pushing up commodities, and we have a slow week of information that can confirm inflation.  Wednesday existing home sales number will be out followed the next day with new home sales. Trend for new is to lock if you can, I see rates on the move, in the wrong direction.  However with the volatility in mortgage bonds just about any news can send rates in another direction.  Watch your news and see where are next move will be.   Bob Buchanan, co founder First Assured Mortgage 4830 Bob Billings Pkwy Suite 100A Lawrence Kansas 66047 ph 785-865-5626 fx 785-856-72832 toll free 866-754-5311 09/22/2008

GPS Tracking Hard Locates Alive & Well Checks Process Service Notary Service Activity Checks Insurance Fraud Surveillance Asset Searches Background Check on Mate Computer Forensics Accident Investigations PREPAID Process Service Witness Locates/Statements Pre-Trial Research Pre-Employment Screening Cell Phone Breaks Broker Appraisals for Real Estate Adoption Research Tenant Screening Skip Tracing Disability Claims Record Searches Mortgage Retrievals Information Research Loss Prevention Place of Employment Locates Northeastern Central Kansas Private Investigator and Process Service Coverage Area (further if needed) Adoption Locates, People Locator, Background Check Investigation, Process Serving, Asset Investigations, and Information Research   GPS Tracking Device For Sale $250 ($500 ne... 09/21/2008

Do you get tired of fighting traffic in Lawrence? This home has easy K-10 access so you won't have to schedule extra time in your commutes to avoid the heaviest traffic times. A Perfect Home with 4 BR, 3 BA, 2 car garage, a basement (tri-level), and a cozy fireplace. When move-in condition is what is desired, this is the type of home that you are looking for. MLS # 117214 Status SOLD Type City-Single Family Address 2513 Kensington City Lawrence State KS Zip 66046   ROB LANG (785) 393-2274 langrob@sunflower.com HEDGES, REALTY EXECUTIVES Bedrooms 4 Bath Areas 3 Garage 2 Basement Yes Age 11 - 20 Years Approx Total Fin. Area 1501 - 1800 Style Two Level Water City Water Appx. Acres Less than 1 Acre Subdivision Cimarron Hills Year Built 1993 Lot Size 10178 Total SqFt 1508 Living Room Dimensi... 09/21/2008

Needing help finding homes for sale in a particular zip code or area of Lawrence Kansas real estate or Eudora Kansas Real Estate or Baldwin Kansas Real Estate?   For northwestern Lawrence Kansas real estate homes for sale in 66049 zip code visit:Lawrence Kansas Homes for Sale Real Estate 66049 66049 is the zip code for northwest Lawrence Kansas which has a population of 20,338. 66049 contains restaurants, businesses, and Dad Perry and Centennial parks. Lawrence Country Club is also in 66049.  The 66049 community offers residents and businesses a place to network and grow together. Community parades such as the St. Patrick's Day parade are held on Mass Ave. in the neighboring zip code of 66044 which is the location for street concerts, craft booths at the park, quilt shows, and more.   F... 09/21/2008

Needing help finding homes for sale in a particular zip code or area of Lawrence Kansas real estate or Eudora Kansas Real Estate or Baldwin Kansas Real Estate?   For southwestern Lawrence Kansas real estate homes for sale in 66047 zip code visit:Lawrence Kansas Homes for Sale Real Estate 6604766047 is the zip code for southwest Lawrence Kansas has a population of 15,122. 66047 contains restaurants, businesses, and parks. Alvamar Golf and Country Club and Clinton State Park (Lake) are also in 66047.  The 66047 community offers residents and businesses a place to network and grow together. Community parades such as the St. Patrick's Day parade are held on Mass Ave. in the neighboring zip code of 66044 which is the location for street concerts, craft booths at the park, quilt shows, and mo... 09/21/2008

Needing help finding homes for sale in a particular zip code or area of Lawrence Kansas real estate or Eudora Kansas Real Estate or Baldwin Kansas Real Estate?   For southeastern Lawrence Kansas real estate homes for sale in 66046 zip code visit: Lawrence Kansas Homes for Sale Real Estate 66046 66046 is the zip code for southeast Lawrence Kansas which contains HINU (Haskell Indian Native University). 66046 contains restaurants, businesses, and parks. The south branch post office is also in 66046.  The 66046 community offers residents and businesses a place to network and grow together. Community parades such as the St. Patrick's Day parade are held on Mass Ave. in the neighboring zip code of 66044 which is the location for street concerts, craft booths at the park, quilt shows, and more... 09/21/2008

Needing help finding homes for sale in a particular zip code or area of Lawrence Kansas real estate or Eudora Kansas Real Estate or Baldwin Kansas Real Estate?   For northeastern Lawrence Kansas real estate homes for sale in 66044 zip code visit:Lawrence Kansas Homes for Sale Real Estate 6604466044 is the zip code for northeast Lawrence Kansas which contains downtown Lawrence, Mass Ave (Massachusetts Avenue), beautiful Victorian Lawrence homes on streets like Mass, Rhode Island, and New Hampshire. 66044 contains the "Ones" (One Ways) Kentucky going north and Tennessee going south. Mass Ave businesses range from music stores to office services and supplies to about every artisan breads and ethnic restaurants that your palette desires. The Douglas County Courthouse and KU Campus are both ... 09/21/2008

A week in History   There are three huge announcements that are changing the financial markets around the world.  First, fear over the safety of money in savings for many Americans. Banks are either folding or on the brink of collapse, bonds are losing some or all of their value, and stocks are dropping at an alarming rate, all causing fears and anxiety for investors. Second, Today Treasury Secretary Hank Paulson announced that the government will guarantee money market funds. This action is helping settle the markets and as a result stocks around the world have responded very favorably to this. Third, The SEC has placed a ban on short selling. The amount of greed is incredible.  Many short sellers have used currently illegal tactics such as "naked short selling.  This means they are sh... 09/19/2008

UPDATE: Starting today, all PMI company's have discountiued offering private mortgage for non owner occupied purchases.  This means 80% LTV max.  or at least 20% down on all investment property. About Us: With 7 years of experience working with Realtors, Investors, and most importantly BUYERS. Mortgages are what I do. The client always comes first.  As a Broker, I can provide the best rates, and fair closing cost.  My GFE's usually are spot on, and never are to be exceeded without written notice to the buyer usually weeks in advance of closing. My follow up with my clients and co marketing plans are welcomed by all my referral partners. My rates can change by the hour because I have direct real time bond market information all day long. Because I offer a free float down services when th... 09/18/2008

News is rolling out of Wall Street at a very high rate.  Volatility is the name of the game for now and lenders have to watch the market minute by minute.  Rates will be spiking up and down all day.  All and all expected 30 yrs fixed mortgage rates in Kansas to hold in the high 5's. Morning Market NewsThe Dow opens lower by 200 points as investors digest the bailout of AIG and the stability of financial system. Oil at $93 up $2. 8:40 AM ET - Housing starts fall 6.2%, the lowest in 17 years while building permits fall to a 26 year low down 8.9%8:18 AM ET - AIG gets bailed out by the government to the tune of $85 billion avoiding a catastrophe as the government has added insurance to its umbrella - it entered into the mortgage business last week with Fannie/Freddie. Mortgage Bonds slightl... 09/17/2008

I decided to sponsor this new Localism community because I need a place for my buyer clients to go to when they need info on home loans and mortgages in Lawrence Kansas and the surrounding area. Consumers wanting to buy a home need to know when a good time is to lock their rate or when to float (wait for the rates to drop a little more).  Consumers need to know which of all the Lawrence Kansas lenders to choose. Lawrence Kansas Homes for sale can be purchased with a variety of loan programs. Some loans are designed for first time home buyers, some are designed for consumers who have at least 20% down payment while other loans are no money down through down payment assistance programs. Some loans are for commercial properties and some are for investors.  Some Lawrence Kansas lenders may... 09/16/2008

A few of us from the Hedges Realty Executives office are going to be tailgating for the Jayhawk football games this fall and our first outing is this Saturday's game.  We'll be out near 11th and Missouri on somebody's lawn around 3:00 p.m..  Look for the Realty Executives banner!! Stop by to say hi!!  Have a cold drink and a brat before the game!! If you have any trouble finding us, give me a call:  785-766-4608 Rock Chalk Jayhawk!!! Go KU!!!!!! 09/16/2008

Lawrence Free Methodist Church Fall Kickoff Celebration!! 31st St. and Lawrence Ave. in Lawrence, KS Sunday, Sept. 21st 12:30-3:00 p.m. Visit www.lfmchurch.org for more information... This is a great annual celebration that is put on by a local church.  Immediately starting after the 11:15 worship service, the Fall Kickoff begins all around the church grounds.  Food and fun are purchased through tickets at $.50/each so bring a little cash.  Burgers, hot dogs, chips, drinks...lunch can be purchased for about $2.50 per person.  A dunk tank featuring church staff, large inflatables for the kids to romp around in, and all kinds of games for the whole family.  There will also be some live music provided by some church musicians.  If you're free Sunday afternoon, come out for a visit.  It lo... 09/16/2008

After becoming the national basketball champions this year, there probably aren't too many people who haven't heard of the University of Kansas, aka KU.  There are several other colleges in the area within a 5 to 40 minute drive so there is quite a bit of student housing that is needed; especially in Lawrence Kansas. What many students interested in off campus student housing have found out is that they can help pay off the landlord's mortgage or they can buy a place (either on their own or with the help of parents) and build up some equity for themselves.  Lawrence Kansas real estate is the most expensive real estate in the whole state of Kansas.  That also means it has the best rate of return on appreciation per year and is the fastest area in the state to be able to get a property SO... 09/14/2008

Home Buyers looking for Lawrence Kansas Real Estate Homes For Sale in 66049 have come to the right place.  When you click on the link above you will be greeted with a brick wall that is anything but a brick wall! NW Lawrence Kansas Real Estate 66049 Homes  Free Property Search of NW Lawrence KSWhen you click on the brick wall you will be taken to the listings for the northwestern quarter of Lawrence or better known as the 66049 homes for sale. The homes (currently 116 on the market) are listed from highest price to lowest price.  $875,000 is currently the highest priced home for sale in 66049 and when you click on the column heading "Price", it will re-sort the listings from lowest to highest. Currently the lowest price home is for $95,000 and is located at 2704 Century Dr.  If you find... 09/11/2008

Home Buyers looking for Lawrence Kansas Real Estate Homes For Sale in 66047 have come to the right place.  When you click on the link above you will be greeted with a brick wall that is anything but a brick wall! SW Lawrence Kansas Real Estate 66047 Homes  Free Property Search of SW Lawrence KSWhen you click on the brick wall you will be taken to the listings for the southwestern quarter of Lawrence or better known as the 66047 homes for sale. The homes (currently 58 on the market) are listed from highest price to lowest price.  $739,900 is currently the highest priced home for sale in 66047 and when you click on the column heading "Price", it will re-sort the listings from lowest to highest. Currently the lowest price home is for $127,400 and is located at 2539 Morningside Dr.  If you ... 09/11/2008

Home Buyers looking for Lawrence Kansas Real Estate Homes For Sale in 66046 have come to the right place.  When you click on the link above you will be greeted with a brick wall that is anything but a brick wall! SE Lawrence Kansas Real Estate 66046 Homes  Free Property Search of SE Lawrence KSWhen you click on the brick wall you will be taken to the listings for the southeastern quarter of Lawrence or better known as the 66046 homes for sale. The homes (currently 47 on the market) are listed from highest price to lowest price.  $399,900 is currently the highest priced home for sale in 66046 and when you click on the column heading "Price", it will re-sort the listings from lowest to highest. Currently the lowest price home is for $57,189 and is located at 301 Campbell.  If you find one... 09/11/2008