Comments for Cambridge Houses for Sale http://cambridgehousesforsale.com Homes for Sale in Cambridge Wed, 22 Feb 2012 19:50:50 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Are interest rates adjusted by the central bank the same as that of commercial banks? by Gary G http://cambridgehousesforsale.com/are-interest-rates-adjusted-by-the-central-bank-the-same-as-that-of-commercial-banks/#comment-1570 Gary G Wed, 22 Feb 2012 19:50:50 +0000 http://cambridgehousesforsale.com/are-interest-rates-adjusted-by-the-central-bank-the-same-as-that-of-commercial-banks/#comment-1570 First of all, the notion that the Fed manages (or "adjusts") interest rates at all is a bit of a misnomer. The Fed simply follows the bond market, as do commercial banks (banks just tack on fractions of a percent to skim a profit off the top). The chart in the following article proves it. First of all, the notion that the Fed manages (or “adjusts”) interest rates at all is a bit of a misnomer. The Fed simply follows the bond market, as do commercial banks (banks just tack on fractions of a percent to skim a profit off the top). The chart in the following article proves it.

]]> Comment on How to short sale with child on title deed but not mortgage ? by the kid http://cambridgehousesforsale.com/how-to-short-sale-with-child-on-title-deed-but-not-mortgage/#comment-1569 the kid Sat, 18 Feb 2012 05:18:54 +0000 http://cambridgehousesforsale.com/how-to-short-sale-with-child-on-title-deed-but-not-mortgage/#comment-1569 No. Joint tenants WITH RIGHT OF SURVIVORSHIP gives him automatic ownership. The first mortgage has a problem with it b/c your brother isn't on the mortgage and your deceased mom is, so they want ot make sure the estate of your mother can't pay any difference they are losing, since in their eyes, your brother owns nothing. Having added your brother to the title AFTER the first mortgage without informing them wasn't a really smart idea. No. Joint tenants WITH RIGHT OF SURVIVORSHIP gives him automatic ownership.

The first mortgage has a problem with it b/c your brother isn’t on the mortgage and your deceased mom is, so they want ot make sure the estate of your mother can’t pay any difference they are losing, since in their eyes, your brother owns nothing. Having added your brother to the title AFTER the first mortgage without informing them wasn’t a really smart idea.

]]> Comment on How to short sale with child on title deed but not mortgage ? by Glenn S http://cambridgehousesforsale.com/how-to-short-sale-with-child-on-title-deed-but-not-mortgage/#comment-1568 Glenn S Sat, 18 Feb 2012 04:59:56 +0000 http://cambridgehousesforsale.com/how-to-short-sale-with-child-on-title-deed-but-not-mortgage/#comment-1568 Yes....your brother is now the new owner because he was on title as a "joint tenant". When title is held in joint tenancy title automatic transfers to the surviving joint tenant. Anyone owner/buyer can change how a person holds title without the lenders permission as long as the person on the loan continues to holds a substantial ownership in the property. Most common type of change of title is when a property is changed from joint tenancy or community property to a "Family Trust". Yes….your brother is now the new owner because he was on title as a “joint tenant”. When title is held in joint tenancy title automatic transfers to the surviving joint tenant.

Anyone owner/buyer can change how a person holds title without the lenders permission as long as the person on the loan continues to holds a substantial ownership in the property. Most common type of change of title is when a property is changed from joint tenancy or community property to a “Family Trust”.

]]> Comment on If I file Bankruptcy Pro SE to stop a foreclosure can I then hire an attorney to complete the process later on by ed m http://cambridgehousesforsale.com/if-i-file-bankruptcy-pro-se-to-stop-a-foreclosure-can-i-then-hire-an-attorney-to-complete-the-process-later-on/#comment-1567 ed m Thu, 16 Feb 2012 15:59:51 +0000 http://cambridgehousesforsale.com/if-i-file-bankruptcy-pro-se-to-stop-a-foreclosure-can-i-then-hire-an-attorney-to-complete-the-process-later-on/#comment-1567 talk to a bankruptcy lawyer now and get the straight facts!!! talk to a bankruptcy lawyer now and get the straight facts!!!

]]> Comment on If I file Bankruptcy Pro SE to stop a foreclosure can I then hire an attorney to complete the process later on by PlazaF203 http://cambridgehousesforsale.com/if-i-file-bankruptcy-pro-se-to-stop-a-foreclosure-can-i-then-hire-an-attorney-to-complete-the-process-later-on/#comment-1566 PlazaF203 Thu, 16 Feb 2012 15:53:57 +0000 http://cambridgehousesforsale.com/if-i-file-bankruptcy-pro-se-to-stop-a-foreclosure-can-i-then-hire-an-attorney-to-complete-the-process-later-on/#comment-1566 I believe that you can. However, once you file Chapter 13, your meeting of creditors will be about 30 days out. And by that time most of the work is already done. I would consult an attorney, most will give you an initial consultation for free. And if it's a money issue that is keeping you from using an attorney, my attorney took a minimal fee up front, and is collecting the rest via my payments. The only reason I would recommend no filing Pro SE is that if there are any mistakes or issues than the bank can file a petition to throw the case out and proceed with foreclosure anyway. I believe that you can. However, once you file Chapter 13, your meeting of creditors will be about 30 days out. And by that time most of the work is already done. I would consult an attorney, most will give you an initial consultation for free. And if it’s a money issue that is keeping you from using an attorney, my attorney took a minimal fee up front, and is collecting the rest via my payments. The only reason I would recommend no filing Pro SE is that if there are any mistakes or issues than the bank can file a petition to throw the case out and proceed with foreclosure anyway.

]]> Comment on If I file Bankruptcy Pro SE to stop a foreclosure can I then hire an attorney to complete the process later on by Fun N Sun http://cambridgehousesforsale.com/if-i-file-bankruptcy-pro-se-to-stop-a-foreclosure-can-i-then-hire-an-attorney-to-complete-the-process-later-on/#comment-1565 Fun N Sun Thu, 16 Feb 2012 15:51:24 +0000 http://cambridgehousesforsale.com/if-i-file-bankruptcy-pro-se-to-stop-a-foreclosure-can-i-then-hire-an-attorney-to-complete-the-process-later-on/#comment-1565 Sure you can...are you filing a Chapter 7 or 13??? Make sure you complete all the requirements first before filing. You need to file a certificate of counseling before you can even file bankruptcy. The filing fee alone is $299.00. Sure you can…are you filing a Chapter 7 or 13??? Make sure you complete all the requirements first before filing. You need to file a certificate of counseling before you can even file bankruptcy. The filing fee alone is $299.00.

]]> Comment on Q&A: Why have interest rates in the US fluctuated far more greatly than UK interest rates? by wildbirdie http://cambridgehousesforsale.com/qa-why-have-interest-rates-in-the-us-fluctuated-far-more-greatly-than-uk-interest-rates/#comment-1564 wildbirdie Wed, 15 Feb 2012 04:11:49 +0000 http://cambridgehousesforsale.com/qa-why-have-interest-rates-in-the-us-fluctuated-far-more-greatly-than-uk-interest-rates/#comment-1564 Correction for previous poster: The district banks are owned by commercial banks in the district. The Federal Reserve Board of Governors and the FOMC are not controlled by bankers. And investment bankers have nothing to do with anything. US interest rates have gone down because the Fed has been pumping money into the economy to relieve the liquidity crunch and putting inflation worries n the back burner. The Bank of England is giving higher priority to inflation. Correction for previous poster: The district banks are owned by commercial banks in the district. The Federal Reserve Board of Governors and the FOMC are not controlled by bankers. And investment bankers have nothing to do with anything.

US interest rates have gone down because the Fed has been pumping money into the economy to relieve the liquidity crunch and putting inflation worries n the back burner. The Bank of England is giving higher priority to inflation.

]]> Comment on Q&A: Why have interest rates in the US fluctuated far more greatly than UK interest rates? by what? http://cambridgehousesforsale.com/qa-why-have-interest-rates-in-the-us-fluctuated-far-more-greatly-than-uk-interest-rates/#comment-1563 what? Wed, 15 Feb 2012 03:25:55 +0000 http://cambridgehousesforsale.com/qa-why-have-interest-rates-in-the-us-fluctuated-far-more-greatly-than-uk-interest-rates/#comment-1563 the UK tends to be less willing to change interest rates than the US. the UK's conservative stance on monetary policy is why they aren't part of the Eurozone. It's also why the pound sterling is worth a lot more than the US dollar, although 30 years ago (before Paul Volker, basically) they were worth about the same. it means that the UK may have a slightly more severe swings, but in the long run, they are able to avoid devaluing their currency. the UK tends to be less willing to change interest rates than the US. the UK’s conservative stance on monetary policy is why they aren’t part of the Eurozone. It’s also why the pound sterling is worth a lot more than the US dollar, although 30 years ago (before Paul Volker, basically) they were worth about the same.

it means that the UK may have a slightly more severe swings, but in the long run, they are able to avoid devaluing their currency.

]]> Comment on Q&A: Why have interest rates in the US fluctuated far more greatly than UK interest rates? by Michael T http://cambridgehousesforsale.com/qa-why-have-interest-rates-in-the-us-fluctuated-far-more-greatly-than-uk-interest-rates/#comment-1562 Michael T Wed, 15 Feb 2012 03:03:27 +0000 http://cambridgehousesforsale.com/qa-why-have-interest-rates-in-the-us-fluctuated-far-more-greatly-than-uk-interest-rates/#comment-1562 It is very typical that Europe is late to the table. Usually European central bankers (ECB and BOE) wait to see if the US Fed can pull the world out of and economic slump before they act. However in most cases, their economies also recover later than the US. It is very typical that Europe is late to the table. Usually European central bankers (ECB and BOE) wait to see if the US Fed can pull the world out of and economic slump before they act. However in most cases, their economies also recover later than the US.

]]> Comment on Q&A: Why have interest rates in the US fluctuated far more greatly than UK interest rates? by joseph.hussein.foust http://cambridgehousesforsale.com/qa-why-have-interest-rates-in-the-us-fluctuated-far-more-greatly-than-uk-interest-rates/#comment-1561 joseph.hussein.foust Wed, 15 Feb 2012 02:09:42 +0000 http://cambridgehousesforsale.com/qa-why-have-interest-rates-in-the-us-fluctuated-far-more-greatly-than-uk-interest-rates/#comment-1561 Lawrence's answer is "interesting" but has the facts upside down; UK interest rates are, in effect, imposed by the government, whereas those in the US are set by the "Fed" and are dictated by the conditions of the market... Lawrence’s answer is “interesting” but has the facts upside down; UK interest rates are, in effect, imposed by the government, whereas those in the US are set by the “Fed” and are dictated by the conditions of the market…

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