Friday, November 23, 2007

Thoughts about the day after Thanksgiving

I would like to start with a quote from the past to reflect on this day after Thanksgiving.

"It is the duty of all Nations to acknowledge the providence of Almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favors."
-- George Washington (Thanksgiving Proclamation, 3 October 1789)

My last entry I stated that consumers were responsible for our problems created by the sub-prime loans; this has caused some comment that came back to me verbally (not on the net) that I was wrong, the Government is at fault. I will concede that the Government created the vehicles for this dilemma. But aren’t we responsible for our own actions. We as a people are to quick to jump on every type of Gov. help that becomes available. If we just stop and think of the long term consequences to these actions. A large number of programs designed in the name of providing homeownership for the lower income, are really just entitlements and a way to secure re-election votes for politicians. In the end We The People end up paying the bill.

I had a happy birthday and happy Thanksgiving call from my Brother Walter yesterday. He is in New Orleans working as an Insurance Adjuster on the Katrina mess. Walt was working for FEMA and was one of the first to respond after the storm. After several months there an insurance underwriter offered him a better deal to work for them and he is still there and his wife Reba is also there doing the same thing. Walt has relayed a torrent of horror stories of the waste that is going on. For the people in Ward 9 that are fixing their homes the Government is paying the bill to raise the foundations four feet. Now these same homes were in ten to 14 feet of water. The levies have been repaired to withstand a Category 4. Storm; what will happen when New Orleans has a Category 5. or stronger storm?

For all that are following the mistakes made by the UN, and the mistakes WE as a Nation make following the whims of the UN‘s Global agenda; for example the High Seas Treaty that other nations have signed; which would undermine the sovereignty of the USA; I leave you with another quote.

“But if we are to be told by a foreign Power... what we shall do, and what we shall not do, we have Independence yet to seek, and have contended hitherto for very little.” —George Washington

Tuesday, November 13, 2007

Offering Homeowner Assistance Program

Offering Homeowner Assistance Program for

Police Department & Sheriff’s Office, Dispatchers,

Firefighters, Air Rescue, Fire Investigators, Inspectors,

Fire suppression & Education & Marine firefighting,

Emergency medical response & patient care & more

Offered by

Larry Wittenborn Tall Tree Realty 918-724-1227

Betty Brenner W R Starkey Mortgage 918-342-3387

100% Loans Available

15, 30 & 40 year terms

No minimum Loan Amount

$417,000 Maximum Loan Amount

10 year interest only option

Owner Occupied Properties

Low fixed Rate Mortgages

Some irregular credit permitted

No credit with alternate trade lines ie cell phone, car insurance, utility bills accepted

Closing cost assistance Programs accepted

No prepayment penalty

Seller by contract may pay up to 6% of the sales price as buyers closing costs

Larry Wittenborn Tall Tree Realty 918-724-1227

Betty Brenner W R Starkey Mortgage 918-342-3387
Tall Tree Realty

Fisbo List your Property on the Internet Free

FSBO 4 sale by owner

  • List Free.
  • Does this sound crazy?
  • Where does the commission come from?
  • It comes from the proceeds of the sale (the Buyers Money.)
  • So anyway you look at it the Buyer pays the Commission.
  • Why would the Buyer agree to pay the commission?
  • The commission is a TAX deductable closing cost.

Whoever pays the commission can deduct
that expense on that years tax return along
with all of their other Closing Expenses.
Closing Expense for a detailed list of
deductions for Buyer and Seller.

Tall Tree Realty can represent you as a Sellers
Broker, List your property with the understanding
that the Buyer pays the Selling Commission; give
your property more exposure, as in Tall Tree Realty Web Site, real estate publications,
internet etc. You can still advertise if you so desire.
You will have the advantage of an experienced
Realtor to follow through from contract to closing,
as well as increasing exposure and odds of finding
qualified Buyers.
Tall Tree Realty will negotiate for your advantage;
Tall Tree will be working exclusively for you the Seller.. for more information contact FSBO LIST FREE

Monday, November 5, 2007

Sub-Prime Dilemma

Tree Trunk: 11/05/07

Are Consumers the Solution for the Sub-Prime dilemma?

In the business world supply and demand is what rules; when demand is greater than supply the equity of the product, service etc. increases. When the supply is greater than the demand the price decreases.

Using this analogy in relation the down-turn in the real estate nation wide; which has been blamed on the mass marketing of sub-prime loans. Mortgage consumers should shy away from any form of sub-prime lending.

The market will take care of it’s self (self adjust). In other words when there is no demand for loans that are adjusted to make qualifying easier, but make a hardship on the buyer in 2, 3 or 4 years down the road because the payments are raised. When the number of consumers that can not buy because of not being able to qualify for fixed rate mortgages increases interest rates will come down.

Sub-Prime loans are quick fixes that we as consumers pay dearly for. They are designed to help “First Time Buyers”, Minorities” and other targeted groups. These loans are abused and used by buyers that buy more than they can afford; not starter homes but upper middle class homes.

Let’s face the facts. The Lenders want to lend money and the Government wants to lend money. When the demand decreases the cost to barrow will go down and the supply will increase.

The above is an over simplified projection. There other factors that determine the cost of borrowing money.

Money is traded just like commodities such as corn, heating oil etc. The housing market is just one factor, but a major one. Energy industry and the automobile industry are both very large forces that influence the economy, And therefore have an influence on the cost of borrowing money.

Comments welcome

Larry Wittenbron

Tall Tree Realty

Friday, November 2, 2007

Tall Tree Realty Joining with W R Starkey

Tall Tree Realty Joining with WR Starkey Announces W R Starkey’s Friends and Family Program

We believe most mortgage companies lose site of what is important, and that is YOU!

What is W R Starkey Mortgage’s Friends and Family Program?

W R Starkey Pledges an unwavering commitment to customer service. We extend this commitment to the participants of our Friends and Family program, by combining our legendary service with a wide variety of products. Our vision is to help your community grow while helping you finance the home you desire.

When you close a loan through W R Starkey Mortgage, a donation will be made to the qualified, non-profit organization of your choice.

Funds Put To Good Use!

    When you or someone you know closes a home loan through us, we will donate $250. to your non-profit organization.

    Contact Larry Wittenborn Tall Tree Realty to take advantage of this program Click Friends and Family for contact forms.
    (918) 724-1227 or Toll Free: (888) 881-3672


    This is Oklahoma's Birthday We are 100 years old this year.
    For those who are new to Oklahoma or not from here or have never been here and for those who have the "Grapes of Wrath" stereo type image of us; please do pay a visit to Tall Tree's Centennial pages; here you will find the results of a wild Country, first settled by displaced American Indians and Outlaws.
    You will see that Oklahoma has produced Famous people in every walk of life and in some instances more than other states. We were the first to start a Boy Scout troupe in the US; the first Girl Scout Cookies were sold in Oklahoma, Several news anchors are from Oklahoma, astronauts and the list goes on and on. We have World Class Museums, The Cowboy Hall Of Fame and more acre feet of water in our lakes than Minnesota and an inland port in Tulsa which is a gate way to the Gulf via The Arkansas and Mississippi Rivers .
    ************************************************************************************* Quote of the week:

    “For even when we were with you, we commanded you this: If anyone will not work, neither shall he eat.” —Paul of Tarsus