If specific information about a home builder’s community or new home pricing is not mentioned it was not in the paper or the home builder has several Arizona communities.

Single Family Home Builders

Richmond American Homes - Gold Star Event

October 10th - 19th

Special Pricing, Special Financing, SPECIAL HOMES!

Special Financing on Quick Move-in Homes:

5.25% (5.9715% APR)

FHA 30-year fixe rate loan.*

Visit MoreAddedValue.com/phx to download your exclusive online certificate for a Move-in Ready Package at no additional cost!

Don’t miss our Pottery Barn(R) Design Event at the Home Gallery.

Thursday, October 23rd, 5:30 - 7:00p.m.

Scottsdale Road and Frank Lloyd Wright Boulevard, Scottsdale, AZ

Enter to win a $500 POTTERY BARN gift card!*

RSVP at HomeGalleryEvent.com/phx

877-444-1485

Condominiums

Colbalt on 32nd Street – StarPointe Communities

Cheers to Nothing

Get a brand new condo for ZERO down.*

Last day fo ZERO DOWN!

Cobalton32nd.com or call 602-795-6000

Chandler Parc

Fall into our Autumn Sale!

It’s Time To Cozy Up In A Condo!

Spacious and Upgraded 2-bedroom Condos for $154,000

Spacious 1-bedroom Condos for $122,000

1287 N. Alma School Rd., Chandler AZ 85224

480-659-8620 ChandlerParc.com

Frank Residential

Luxury Condominiums

In Litchfield Park from $128,000 - $235,000

Call 623.535.5554 or visit www.renaissancevillas.com

Monterra - Scottsdale

Scottsdale Luxury from $139,000

FHA APPROVED-A/C INCLUDED IN HOA FEES

Luxury Condo Closeout

Call 480-991-2884 or visit www.MonterraScottsdale.com

The Arbors - Escape The Heart!

The perfect investment or second home

Free Upgrade and $500 gas card!

From an amazing $119,950

Call 1-866-649-5510 or visit www.thearborsflagstaff.com

LUMIERE – Chandler Condos

Resort-style, gated community

Up to $5,000 in closing costs*

6 Unique floor plans

Two sparkling pools and spas

Contact Us Today! 866-391-2031

*The above information was gathered from the Arizona Republic and is considered reliable as of 10/11/08. All home builders have their own specifications and disclaimers attached to each incentive. Please consult a representative from each home builder for details.

Newspaper used to gather information:

AZ Republic

IrvineHousingBlog.com Photo Credit

Last week the Senate, Congress and President Bush approved an estimated $700 billion bailout rescue plan meant to stabilize our financial markets and stimulate lending between banks, and to businesses. From what I understand, the plan would allow the government you and me to purchase risky assets (loans) from banks. This would give banks more lending power, free up capital and make their loan portfolios contain less risk, potentially “unfreezing” the nation’s credit markets and making financial investments more stable. I have a feeling that many of the most intricate details of the plan are still unknown to most, if not all of the plan’s creators, but one thing most experts can agree on is that the plan will help prevent a worse global economic problem. Unfortunately, this is probably the first of many plans needed to undo the damage caused by many bad decisions made by citizens, institutions and the government. Most Americans won’t feel the benefits of the plan for some time, if at all, but one piece of legislation that I feel has the most potential to curb long-term damage and actually help “main street America” is a portion of the legislation known as the “Hope for Homeowners Act of 2008”.

Our Nation’s Wealth

It is no secret that much of America’s wealth was gained through real estate investments. Whether it was from multiple investments, or from one long-term investment made on a family home that gained equity, real estate wealth has (or had) created a retirement nest egg for many Americans. Unfortunately, the recent recession in the real estate market has made most American’s lose fortunes in real estate. The amount differs from family to family but there is no family in America that has not, or will not eventually lose money from this recession.

The Equity Problem

In the past, most American families bought a home and slowly paid the mortgage down, at the same time they typically earned equity on the value of the home. Unfortunately, nearly every home in America has decreased in value over the past 3 years; many homeowners are upside down on their homes – whether it’s $20,000, $50,000, $100,000 or $200,000 + it’s a fact of life that many homeowners must learn to cope with. It will take several years for these homes to regain the value they lost and several more years to begin earning any equity. The losses that we are realizing today, will be felt for years to come and will make it impossible for many Americans to earn money from their real estate investment. The Equity Effect of this recession will have lasting effects on our nation’s economy, and our ability to retire. Real Estate investments that would typically provide a family with thousands in equity over several years have dwindled down to investments that may never provide a return.

The Foreclosure and Short Sale Problem

Turn on your TV, flip open your laptop or open a newspaper and you are sure to stumble across something mentioning the millions of foreclosures our nation’s families are facing or the thousands of short sales banks are accepting. Adjustable Rate Mortgages (ARMs), subprime lending practices and other creative lending options have left many Americans with raising monthly mortgages and many lenders with risky assets. Forget about the social and economic impacts of a foreclosure on a family, and the economic impact of holding onto risky assets for lenders, and focus only on the negative impact on real estate prices, and you are still staring at a problem suitable for government intervention. No, I am not a fan of government intervention but the lack of regulation and accountability has created a problem so large that only the government could foot the bill for a solution. As long as we have millions of foreclosures and short sales affecting every real estate market across the country, home prices will not stabilize. It is a simple fact, if homes in every neighborhood across the country are sold at a discount; those homes influence the price of all homes in the neighborhood. It is the reason why home builders attempt to offer incentives instead of price cuts, decreasing the value of one home will decrease the value of another home within the surrounding area. Until we stop foreclosures and short sales, we cannot stabilize home prices and real estate investments.

The Home Builder Problem

According to an article on builderonline.com, the construction industry employed 11 million people in 2007 (commercial and residential). This figure does not include the millions of Americans that make a substantial amount of their income from the construction industry: real estate agents, appraisers, loan officers, interior decorators, the list goes on and on. There is no doubt that the amount of workers employed by, and earning a living from, the construction industry has already decreased in 2008. As long as this real estate recession continues, workers earning a living from the industry will continue to lose jobs and income. It is only a matter of time before many home builders, large and small, lose the constant battle to keep their businesses open. The Home Builder effect may not only cause millions to lose jobs, but millions more will lose fortunes in investments.

The Capital Problem

Millions of homeowner’s are in debt and working hard only to barely make enough money to pay their bills. As the equity, foreclosure/short sale and home builder problems continue, more and more Americans will find it difficult to pay their debts each month. The capital effect is already affecting sales of products and services resulting in less revenue for American businesses and less work for American workers. Layoffs are occurring at an alarming rate and many more job cuts are expected over the next few months as American businesses prepare for what may be years of slow economic growth. In addition, the global credit crisis is making it hard for businesses and consumers to borrow money – stocks are plunging and American wealth is evaporating.

DevineMusic.org.uk Photo Credit

The Hope

The hope is in the details. Hud.gov reports that homeowners, and our nation, may find relieve from legislation within the $700 billion rescue plan. Here are the details from the hud.gov webpage:
“Sustainable, Affordability Homeownership
Hope for Homeowners maintains FHA’s long-standing requirement that new loans be based on a family’s long-term ability to repay the mortgage. FHA only allows owner-occupants to be eligible for FHA-insured mortgages. Borrowers must also meet the following eligibility criteria:
• Their mortgage must have originated on or before January 1, 2008;
• Their mortgage debt-to-income must be at least 31 percent;
• They cannot afford their current loan;
• They did not intentionally miss mortgage payments; and
• They do not own second homes.

Features of FHA-insured loans under the new program include:

• 30-year, fixed rate mortgage;
• Maximum 90 percent loan-to-value ratio;
• No prepayment penalties;
• $550,440 maximum mortgage amount;
• Extinguishment of any subordinate liens; and
• New home appraisals from FHA-approved appraisers.”

Additional information found on another webpage within the hud.gov web portal:

“Affordability versus value: lenders will take a loss on the difference between the existing obligations and the new loan, which is set at 90 percent of current appraised value. The lender may choose to provide homeowners with an affordable monthly mortgage payment through a loan modification rather than accepting the losses associated with declining property values.”

More details about the plan are available on hud.gov but one mentionable stipulation is that equity gained from the sale of the home, after adjustments are made, will be split between the homeowner and lender. The amount of the proceeds from the sale that each party gets depends on how long the homeowner holds onto the property after the loan adjustments are made.

The Hope For Homeowners Act of 2008 is an unfortunate necessity in an era that will forever be remembered by all Americans as an era of little regulation, bad decisions and bad lending practices. If done correctly and with enough financial commitment, American families may once again realize a return on investment from real estate; foreclosures and short sales will no longer plague home prices and home builders will rebound to once again offer millions of Americans a stable income and quality investment opportunities. I can only hope that the need for measures of this magnitude will never again arise.

Do you think the Hope for Homeowners Act of 2008 will help?

John F. Shea Family of Companies

John F. Shea started a small Portland, Oregon based plumbing business in 1881; over the years, that small family business has grown into the largest privately owned home builder in the United States. The John F. Shea Family of Companies consists of Shea Homes, Trilogy, Shea Mortgage, Shea Properties, Venture Capital, John F. Shea Construction, Inc., Redding and Reed Manufacturing. Today, Shea Homes is one of a few nationally recognized home builders that cannot be found on The Home Builder Implode-Meter which lists home builders that are not faring financially well during this recession - yes, I said it, recession.

Shea Homes

Shea Homes - National Home Builder

Shea Homes builds townhomes, single-family homes, condominiums, luxury estates and active-adult homes (Trilogy) in Arizona, California, Colorado, Florida, North Carolina, South Carolina and Washington. Shea Homes’ start from the $90s and exceed $1 million, they are designed, and built, to meet the needs of families with different lifestyles and budgets. Since the company’s inception, Shea Homes has delivered homes to more than 73,000 families throughout the U.S.

Shea Homes Awards and Recognition

Over the years, Shea Homes has been consistently ranked as one of the nation’s top home builders…

In 2005, Shea Homes was named one of “America’s Best Builders” by the National Association of Home Builders.

In 2007, Shea’s Trilogy brand was ranked highest in customer satisfaction among the largest active adult home builders in 34 U.S. markets by J.D. Power and Associates.

In 2007, Shea Homes was recognized by Professional Builder Magazine as “Builder of the Year”.

In 2008, Shea Homes was the recipient of the prestigious J.D. Power customer satisfaction award in Phoenix and San Diego, meaning the company scored highest in these markets in the areas of: Overall Customer Satisfaction, Builder’s Sales Staff, Builder’s Warranty/Customer Service Staff, Workmanship/Materials and Price/Value.

Shea Homes – Green Home Building

Shea Certified Green Home Program

Shea Homes recently introduced their “Shea Green Certified Home Program” which offers homes, inspected by a third-party, to ensure the energy efficient homes meet a reduced energy usage guarantee. Shea Green Certified Homes have a WeatherTrak Irrigation System, low flow Moen fixtures, GE Energy Star Appliances and solar integrated roof systems. These homes exceed industry standards for green living and reduce internal water and energy usage by 20%. Shea Green Certified homes reduce a home’s carbon footprint by 30% and save homeowners and estimated $1,800 on annual energy costs.  Currently, these homes are available in many Triology communities located throughout the nation. For more information about the Shea Green Certified Home Program, visit www.sheasuperiology.com.

Learn more about Shea Homes at www.SheaHomes.com

Catalina Homes

Vineyard Mountain Ranch is a Catalina Homes community located in Phoenix, Arizona on 16th street between Baseline Road and Southern Avenue. Vineyard Mountain Ranch offers home buyers five 1 and 2-story floor plans to choose from starting from $208,000 - $265,900. These floor plans are 3 and 4 bedroom floor plans with as many as 2.5 bathrooms and up to 2,623 square feet. For more information about this Arizona new home community, visit www.catalina-homes.com.

Sanctuary Builders

Saddlewood Estates is a Sanctuary Builders new home community located just on Sossaman north of Riggs Rd. in Queen Creek, Arizona. This Queen Creek community consists of 28 one-acre home sites with floor plans ranging from 3,800 to over 5,200 square feet; homebuyers can also choose to build a custom home. For more information about Saddlewood Estates in Queen Creek, visit www.sanctuarybuilder.com.

Bison Homes

Bison Cove is a Bison Homes new home community located in Payson, Arizona just across the street from the Payson Town Hall. Bison Cove consists of 2 bedroom, 2 bathroom condominiums ranging from 1,000 to 1,400 square feet. These northern Arizona condominiums for sale begin in the high $100s, for more information about this new home community in northern Arizona, visit www.bisonhomes.com.

Cachet Homes

Carrara Estates by Cachet Homes is a single-family new home community located in Gilbert, Arizona. Carrara Estates offers two series of homes – The Hacienda Series of homes consists of three single-story floor plans on 90’x150’ home sites. The Veranda Series of homes consists of four single-story floor plans on 125’x160’ home sites. Both series of homes in Carrara Estates have floor plans with available second story casitas. Homes range from 3,984 square feet to 5,055 square feet and begin in the high $600s. For more information about this new home community, visit www.cachethomes.net.

For more information about each community, visit the home builder’s website; you can also view their community profiles on New Homes Section by searching Arizona new home communities in the real-estate section of New Homes Section.

…And the Impact to the Real Estate Market.

The Real Estate Market is in the tank, toilet, down the drain or is flat out awful.

Wall Street is reeling and the Government is jumping in and attempting to save us from all the potential problems we “could” be facing.

All this fall out has created constant changes at Fannie Mae making it is more difficult to borrow money for Real Estate purposes than ever before. I am not here to judge BUT I have to give an opinion every once in a while so here it goes!

Looking around my Real Estate Marketplace and seeing all the troubled financial situations that have been created by shady lenders and unprofessional mortgage consultants and can’t help but wonder how this problem, being multiplied nationwide, isn’t more significant than it seems.

I know that foreclosures are up and that those people in troubled loans continues to rise. I see my email volume increase monthly with desperate people just looking for a suitable solution. I am not quite sure that tightening lending guidelines is the solution here because I see these changes as making things worse not better.

If these rules continue to tighten we will see very few homes being purchased, banks left with enormous volumes of foreclosed properties and financial difficulties running rampant across the country. It’s a ripple effect, financial problems in one industry causes problems in others and yet other so on and so forth.

OK now that I have that off my chest here is a list of changes to lending guidelines that will have a lasting impact on the Real Estate market:

1. Unless you have more than 25% equity in your home expect the interest rate on a refinance to be considerably higher than someone who does. A three percent premium was just place on all loans whose loan to value exceeds 75% loan-to-value. Even at 75% you have a minimum 1.5% premium.
2. So you are an investor and want to leverage your purchases. You are now limited to 4 properties!
3. If you buy a property for cash for various reasons you will now have to wait 6 months to refinance that property for cash out.
4. If you get a loan on a property putting down 50% and want to refinance some of that cash out, you will now have to wait 6 months.
5. If you are looking to combine a first mortgage and a non-purchase second, a second mortgage taken out after the purchase, you will be considered a cash out transaction regardless of how long you have had that second mortgage. Because of this you are now limited to 75% loan-to-value on the new refinance.
6. So you attempted to sell your home with no luck and have a need to refinance. Well you now have to wait a full 6-months even for a rate and term refinance. Making matters worse you are now limited to 70% loan-to-value for that refinance.

There are several more but these will give you a good sample of the Fannie Mae changes. I know there are those niche lenders out there who have the ability to arrange for a loan even if you don’t meet these guidelines but you can expect to pay a large premium for that loan. Remember Fannie Mae and Freddie Mac are the most common loans given to homeowners in the US. As the guideline keep tightening you can expect to have more issues with homeowners not being able to purchase of refinance.

As always, find a professional to work with and ask questions. If your representative doesn’t know the answer he or she won’t pay the consequences of not knowing, you will.

I am here to help so contact me via my BLOG at www.thelanegroup.blogspot.com or www.brentlane.wordpress.com

]]> http://www.newhomessection.com/blog/home-loans/the-constant-changes-to-fannie-mae-lending-guidelines/feed/ http://www.newhomessection.com/blog/go-green/garden-roof-%c2%ae/ http://www.newhomessection.com/blog/go-green/garden-roof-%c2%ae/#comments Thu, 25 Sep 2008 17:54:31 +0000 NewHomesGuy http://www.newhomessection.com/blog/?p=402 Why not transform your roof into an eco-friendly, pedestrian accessible, landscaped environment? With a Garden Roof ®, those who own multi-story housing or office buildings can do just that. The McGraw-Hill Company recently published an article that highlights the benefits and features of having a Garden Roof ®.

Energy efficiency. The Garden Roof’s vegetation and soil acts as an insulator to protect against heat and cold from penetrating through the roof, while preventing energy lost from air-conditioning and heating the building. In addition, the vegetation will increase the solar reflectivity of the roof, reducing the amount of heat stored and released back into the atmosphere.

Water conservation. The Garden Roof assembly can hold between 50 and 90% of rainwater that falls on it. This decreases the stress on storm sewers, city drainage systems and treatment plants.

Perhaps the most appealing feature of the Garden Roof is its inviting therapeutic environment. The walkways and plant-life create a peaceful atmosphere for residents / office workers to take a break and to unwind.

So wouldn’t you know FHA found that the original rule for Buy and Bail was a little too steep and left many homeowners stuck in their home with no other course of action than to sell or head towards foreclosure.

If you are not quite sure what Buy and Bail means see my other articles on Buy and Bail Rules and Buy and Bail Part I and Part II

Now on to the new adjustments and how to work with this new rule to get what you want out of your Real Estate transaction.

1. To be eligible to purchase a home using a FHA loan you would need to be relocating for a new job.
2. The new home must reside outside a reasonable distance from your current residence and this is based upon underwriter’s discretion.
3. Must have a full 1-year lease agreement from the closing date forward.
4. You will need to show evidence of rental/lease by showing security deposit as cashed and/or first months rent.
5. The adjusted equity position in your existing home is now 75% up from 70% but the appraisal can only be 6-months old or less. Now there is a small wrinkle in there that states you can show you put a 25% down payment based upon original purchase price but they may still require an appraisal to support the purchase price. Again the underwriter’s discretion.

Now the above rules are a good start but be prepared to have your potential rental income put under a microscope. FHA is extremely concerned about inflated rental agreements and has put in extra measures on the underwriting side of things to prevent fraud in this area.

Good news is that this amount of income that can be applied to your loan application for potential rents may be increased 15% in some cases and that will really help in qualifying for your new home.

Just in case you missed it, there are a couple ways to play the game:

1. Add a non-occupying Co-borrower to you loan, must be a relative, to help you qualify.
2. Make enough to cover both mortgage payments, current home and the new one.
3. Short sale your home and buy before the negative reports on your credit report.

As always use a true Real Estate or Mortgage Professional because what you don’t know will hurt you in the end NOT the Realtor or Loan Officer.

Brent Lane

The Lane Group

www.thelanegroup.blogspot.com

Below are home builder incentives and information about Arizona real estate. All information was found in the Arizona Republic on September 20, 2008. The home builder incentives and events are considered reliable, but please contact each home builder or visit their website for more information about their mentioned event, incentives, location, sales pricing and disclaimer(s).

If specific information about a home builder’s community or new home pricing is not mentioned it was not in the paper or the home builder has several Arizona communities.

Single-family

William Lyon Homes – Experience the pride.

Meet your MATCH at www.lyongateaz.com

Home + Family = Love

Condominiums

Colbalt on 32nd Street – StarPointe Communities

Cheers to Nothing

Get a brand new condo for ZERO down.*

Last day fo ZERO DOWN!

Cobalton32nd.com or call 602-795-6000

Chandler Parc

Fall into our Autumn Sale!

It’s Time To Cozy Up In A Condo!

Spacious and Upgraded 2-bedroom Condos for $154,000

Spacious 1-bedroom Condos for $122,000

1287 N. Alma School Rd., Chandler AZ 85224

480-659-8620 ChandlerParc.com

Frank Residential

Luxury Condominiums

In Litchfield Park from $128,000 - $235,000

Call 623.535.5554 or visit www.renaissancevillas.com

Monterra - Scottsdale

Scottsdale Luxury from $139,000

FHA APPROVED-A/C INCLUDED IN HOA FEES

Luxury Condo Closeout

Call 480-991-2884 or visit www.MonterraScottsdale.com

The Arbors - Escape The Heart!

The perfect investment or second home

Free Upgrade and $500 gas card!

From an amazing $119,950

Call 1-866-649-5510 or visit www.thearborsflagstaff.com

LUMIERE – Chandler Condos

Resort-styl, gated community

Up to $5,000 in closing costs*

6 Unique floor plans

Two sparkling pools and spas

Contact Us Today! 866-391-2031

*The above information was gathered from the Arizona Republic and is considered reliable as of 9/20/08. All home builders have their own specifications and disclaimers attached to each incentive. Please consult a representative from each home builder for details.

Newspaper used to gather information:

AZ Republic

Buy and Bail: How to Avoid Any Negative Consequences!

So you own your home and your loan is upside down and the prices of homes are SO low that it’s hard not to consider moving into a bigger home for less than what you owe but you are concerned of what the repercussions may be.

Read through this email and response to see how things work and how you can apply it to your situation:

Hi Brent,

Read your article on your website and thought you might be the right person to answer some of my questions.

I have a property in M. CA, which I bought for $410k and now values $200k. I am thinking of the “buy and bail” option. I know it’s going to hit my credit which I am willing to take. What apart from the credit are other consequence should I look out for and can the bank come after my new house? Can they start taking income out of my paycheck? Can they put a lien on my new property? What are the tax consequences? Any help would be highly appreciated.

Thanks,

=Sabi=

___________________________________

Here is my response!

Hi Sabi!

Thanks for the email and for reading my articles!

Just like most people in our area who bought in the past 24-36 months you are experiencing the impact of 50% decreases in the housing market!

Ok, so if I were in your shoes and wanted to avoid any and all consequences for “buying and bailing” I would first be sure I could buy before I even considered the “bail” side of things!  In this market banks have eliminated what you might consider normal by not allowing someone to buy unless they meet certain criteria.  Here are some points I wrote for another format but they apply here:

• To buy while owning and renting another property you simply need to qualify for both payments! This can be done by either having enough income or by adding a non-occupant co-borrower on an FHA loan to buy your new property.
• The other way is a bit more drastic and risky but you could sell your home and then qualify for the new one.  This would take timing and negotiation skills but it can be done.  Short-sale the current home and buy the new one before your credit reflects a settled account. (not perfect but possible)
• Both situations are not fraud, not illegal and pretty much moral!

Now on the consequence side of things, you really just need to be smart when “bailing” on your home.  What I mean is you need to go about it in a way that will limit your exposure to banks by actively looking for “win-win” solutions for you and the bank.  This would be in the form of a Short-sale or deed in lieu of foreclosure.  It’s very important to approach the “bail” aspect properly because if you do that you will have the highest level of success and all your concerns will go away!

Read my posts on Loss Mitigation Negotiations and I look forward to putting it all together with you moving forward!

Let me know your thoughts.

Brent Lane
The Lane Group
www.thelanegroup.blogspot.com
www.brentlane.wordpress.com

_________________

I hope this information was useful. As always I am here to help so please let me know your situation and I will do my best to help you the best way I know how.

]]> http://www.newhomessection.com/blog/home-loans/buy-and-bail-how-to-avoid-any-negative-consequences/feed/ http://www.newhomessection.com/blog/home-loans/buy-and-bail-making-the-rule-work-for-you-part-ii/ http://www.newhomessection.com/blog/home-loans/buy-and-bail-making-the-rule-work-for-you-part-ii/#comments Mon, 15 Sep 2008 16:39:29 +0000 Brent Lane - Guest Blogger http://www.newhomessection.com/blog/?p=371

If you missed Part I of this post you should read it because this rant may not mean too much to you without it.

Sometimes the housing market can be a bit much for people and they get frustrated. Let’s see one persons opinion and let me know if you share her thoughts.

HI Brent

I find the whole situation just backward.

Banks loaned money to people they KNEW could not afford a 800,000 house….all hell breaks loose and now those of us who had and still have excellent credit will not be able to get a house unless we jump through hoops to get it….we still have credit scores in the 800’s….YES…I said 800’s……

we have bought and sold 5 houses in the last few years (we moved a lot) and ALWAYS came out great after each sell….but we have NEVER had 20% to put down…we always did around 10 to 15% then got an 80/20 for the remaining amount….

we made 60,000 on our last sell and then moved back to V. and paid 382,000 for our current townhouse…put 30,000 down, and then put 10,000 in remodeling, and we still have 20,000 in the bank….but now unless we come up with the full 20% a bank will not loan to us?????? i just don’t get it…..

we are just staying here for another year and scratching the money aside so that if we do find a REO Home we really like we can try to jump on it….there is no way we make enough money to cover two loans…..so that option is out for us….

i am just sick of this whole thing…..but thank you for getting back to me….

C.

____________________________________

It’s interesting, I appreciate the email and I can see how frustrating this whole situation can be. You may not be the person who is committing fraud but there is no way for us to convince the bank otherwise!

Keep your head down and focus because there will come that moment when this all goes away and those paying the most attention will reap the biggest financial rewards.

Brent Lane
The Lane Group
www.thelanegroup.blogspot.com

www.brentlane.wordpress.com