Just a heads up....not everyone is Merry and Bright this time of year....stay safe and enjoy this awesome season!
The Sheriff’s Office in Washington County is fielding numerous calls about stolen deliveries.*
According to our Property Crimes Detectives, thieves in Washington County are already shopping for parcels left on your porch by delivery services. If possible, please do not authorize package delivery without a signature, or ask a trusted neighbor to watch for expected deliveries and hold them until you return home.
The problem is not isolated to one area, and in some cases, it appears that the thieves may be following the delivery trucks.
Please watch out for your neighbors and report any suspicious activity by calling 9-1-1.
* details courtesy of Villebois residents
Wednesday, December 16, 2009
Monday, December 7, 2009
Traders Facing Fed, Dollar Questions This Week*
Investors have been hoping for signs that the economy is strong enough to justify continuing Wall Street's nine-month rally. They got the surest evidence yet Friday when the government said employers cut fewer jobs in November than at any time since the recession began in late 2007.
But the good news is making many investors uneasy. Traders are asking whether the strengthening economy will lead the Federal Reserve to start raising rates or scale back its stimulus measures, and whether the dollar, responding to higher rates, will reverse its long slide.
Low rates and a weak dollar have helped feed stocks' comeback. So, what happens now depends on where traders think they can make the most money: in stocks as companies make more profits in a stronger economy, or in other investments like the dollar whose returns will improve as rates rise.
"The Fed was forcing people to take risks," buying stocks and commodities to boost their returns, said Justin Golden, a strategist at Macro Risk Advisors.
On Friday, investors were betting that the Fed will raise rates by June. They weren't happy about that prospect -- an initial surge in stock prices that followed the report soon dwindled.
But even if the Fed doesn't raise rates soon, it might cut back on some programs it put in place during the credit crisis to stimulate the economy, including the low-cost loans it has offered big banks. Analysts say that's the likely first step before any rate increase.
*courtesy of Landover Mortgage
But the good news is making many investors uneasy. Traders are asking whether the strengthening economy will lead the Federal Reserve to start raising rates or scale back its stimulus measures, and whether the dollar, responding to higher rates, will reverse its long slide.
Low rates and a weak dollar have helped feed stocks' comeback. So, what happens now depends on where traders think they can make the most money: in stocks as companies make more profits in a stronger economy, or in other investments like the dollar whose returns will improve as rates rise.
"The Fed was forcing people to take risks," buying stocks and commodities to boost their returns, said Justin Golden, a strategist at Macro Risk Advisors.
On Friday, investors were betting that the Fed will raise rates by June. They weren't happy about that prospect -- an initial surge in stock prices that followed the report soon dwindled.
But even if the Fed doesn't raise rates soon, it might cut back on some programs it put in place during the credit crisis to stimulate the economy, including the low-cost loans it has offered big banks. Analysts say that's the likely first step before any rate increase.
*courtesy of Landover Mortgage
Wednesday, December 2, 2009
To Auction, To Auction, To Buy a New House....
Home Again, Home Again....
Jiggity jig! At least, our buyer is dancing a little jig right now. Jaimy went to the auction in our client's stead. Met with the auctioneer. No one else was there for the home our buyer wanted. Yay!
But then, a snag, the auctioneer wouldn't allow Jaimy to put in his bid.....even though the company conducting the auction had clear directions on their website that allows a bidder to be there acting for an out-of-area buyer. So the auctioneer started the bidding...."going once, going twice, sold!" And Jaimy never even got the chance to place his bid!
Wait a minute......
Jaimy called the auction company and asked to speak with the manager. He finally got in touch with the right man, who asked him if he had the funds ready (auctions require cash, cashier's checks, money order etc, no loans or other funding)....to which Jaimy replied "yes!"
So the manager sent the auctioneer back out in front of the Clackamas County courthouse steps to get the sale done! He assured Jaimy "Mr Beltran, the bank does not want this house, thank you for your offer."
Auctioneer begins again... "going once..." Jaimy places the bid for $1 more than the starting bid. Sold! And it's done. Our buyer has the property he wants at a deep discount and Jaimy has managed to get the auctioneer to understand the process a bit better (turns out it was his 2nd week on the job). : )
What fun it is to buy and sell real estate. Have a question for us? Shoot me and email or give us a call.
'Till next time. Salude!
Jiggity jig! At least, our buyer is dancing a little jig right now. Jaimy went to the auction in our client's stead. Met with the auctioneer. No one else was there for the home our buyer wanted. Yay!
But then, a snag, the auctioneer wouldn't allow Jaimy to put in his bid.....even though the company conducting the auction had clear directions on their website that allows a bidder to be there acting for an out-of-area buyer. So the auctioneer started the bidding...."going once, going twice, sold!" And Jaimy never even got the chance to place his bid!
Wait a minute......
Jaimy called the auction company and asked to speak with the manager. He finally got in touch with the right man, who asked him if he had the funds ready (auctions require cash, cashier's checks, money order etc, no loans or other funding)....to which Jaimy replied "yes!"
So the manager sent the auctioneer back out in front of the Clackamas County courthouse steps to get the sale done! He assured Jaimy "Mr Beltran, the bank does not want this house, thank you for your offer."
Auctioneer begins again... "going once..." Jaimy places the bid for $1 more than the starting bid. Sold! And it's done. Our buyer has the property he wants at a deep discount and Jaimy has managed to get the auctioneer to understand the process a bit better (turns out it was his 2nd week on the job). : )
What fun it is to buy and sell real estate. Have a question for us? Shoot me and email or give us a call.
'Till next time. Salude!
Buying a Home at Auction
Today Jaimy went to an auction at the Clackamas County Courthouse to buy a house for an investor client. Cashier's check in hand. Starting bid a good $50k under current market value. Could be a great deal if no one else shows up to bid on the property.
Check back later to hear if he gets it or not....
Check back later to hear if he gets it or not....
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