Many Clients interested in Real Estate in our Area ask : What does the Lehigh Valley Means? What does it consist of, they ask: Well, I searched it for the Official definition, although I know what it stands for. Here is the answer:

• It is located 50 miles North of Philadelphia and 70 miles West of NY City.
• The Lehigh Valley’s principal cities are Allentown, Bethlehem, and Easton, comprising the Allentown-Bethlehem-Easton metropolitan area. 
• The Lehigh Valley, also known as the Allentown-Bethlehem-Easton, PA-NJ metropolitan area, is an official metropolitan region consisting of Lehigh … For more Detailed Info please go on:
  en.wikipedia.org/wiki/Lehigh Valley

Thank you for visiting Lehigh-valley.com                                                                                                                                             For additional information please contact this Realtor: Gladys                                           by e-mail:wehbefg@yahoo.com or my cell at: 610-972 3545

 

 

 

 

 

 

 

 

 

“Treasury chief Paulson unveils historic government takeover of twin mortgage buyers. Top executives are out.”

The move, which extends as much as $200 billion in Treasury support to the two companies, marks Washington’s most dramatic attempt yet to shore up the nation’s housing market, which is suffering from record foreclosures and falling prices.”

That is a major step that the Government took to stabilize the economy.For more details on this topic, please go to: (CNNMoney.com)

Lehigh Valley Real Estates and MLS Searchers, please read and educate yourself on Foreclosures

“Many homeowners who gorged on debt during the real estate boom a few years ago are now starting to feel the squeeze. They’re struggling to keep up with their ballooning payments or, worse, losing their homes to creditors.

As the number of foreclosed properties continue to rise, new opportunities await for others. These are fast becoming ideal market conditions for a niche group of real estate investors called foreclosure gurus. They can deliver homeowners fast cash in return for their property which is inevitably sold at a nice discount. These type of foreclosure gurus used to post ads in the newspaper or staple ads to telephone poles but now there are several websites that make finding forclosures much easier.

Here are some beginner tips for those of you wondering where to start in the foreclosure market:

1. Check out a couple of the new online services like propertyshark.com and foreclosures.com (aff). These foreclosure listing sites provide the latest foreclosures in your area and often include the amount owed and the estimated value. The amount of time you save by using these sites versus having to find foreclosures the old-fashioned way is well worth the expense if you’re serious. Both of these websites provide a free trial so you can test the site out before you commit to their paid service.
2. Don’t even bother attending public foreclosure auctions unless you’re a pro. Despite what you may read in foreclosure books, typically these auctions are controlled by banks and other big lenders so the chances of you actually nabbing a foreclosed property are pretty slim. Instead, use an online service like the ones I mentioned above to find a property right after it goes into default. During that time there is a brief window to negotiate directly with the property owner which is your chance to get the property before it even hits a public foreclosure auction.
3. After spotting a property online right after it goes into default, you’ll want to get in touch with the property owner or their lawyer. Your goal here is to ask the owner if there is any way to negotiate a purchase of their property before it goes into auction. Most of the time especially if you speak with the attorney, the answer is going to be a firm no. If that’s the case, it’s best to go down to the property and find the owner directly. The lawyer is less likely to cooperate because there’s usually no additional benefits for them to work out a deal before it goes into foreclosure.”

(THIS IS WHERE IT IS IMPORTANT TO GET A QUALIFIED REALTOR TO NEGOTIATE FOR YOU AND REPRESENT YOUR INTERESTS. AS THE LISTING AGENT REPRESENTS THE SELLER’S INTERESTS NOT YOURS. gmw)

4.”If the owner is willing to work out a deal then you’re in good shape and it’s time to negotiate a price and terms. If not, you might have to get creative and see if the owner is willing to become your partner. What you can do is promise to solve the owner’s immediate problem by paying enough mortgage-backed payments to get the loan out of default. In order for this to work you have to exchange for the deed to the property and potentially provide the owner with a temporary apartment if you need to refurbish their home. Then once you sell the house, you give the owner a check for a portion of the profit which typically ranges between 10 to 20%. If neither one of those strategies work, it’s probably best to move on to another foreclosed property.

These are just a few techniques to get you started in the foreclosure market. Being a newbie and dealing with a risky yet high reward investment you’ll want to be careful especially the first time. Don’t feel like you need to rush into things as the good news is forclosures are continuing to rise so there’s going to be a lot of inventory in the coming months. There will be plenty of opportunity for you to find foreclosures so don’t get frustrated if the first 5-10 properties you inquire about don’t end up the way you want it to.  Educate yourself so you’re comfortable before you make a move.”

From: How to find forclosures-Where do I start? by David Cowgill

Any questions, contact this LV and surroundings Realtor, Gladys Wehbe.

“Garbage.

Americans produce more and more of it every year, when we need to be producing less. Even the most waste-conscious among us can feel overwhelmed by the amount of household waste that goes beyond what municipal recyclers and compost bins can handle. That’s why our editors spent time investigating the state of waste management in our country, putting this list togther for you, explaining how we can get serious about the three R’s — reducing, reusing, and recycling — and divert more waste away from landfills.

1. Appliances:

Goodwill accepts working appliances, www.goodwill.org, or you can contact the Steel Recycling Institute to recycle them. 800/YES-1-CAN, www.recycle-steel.org.

2. Batteries:

Rechargeables and single-use: Battery Solutions, 734/467-9110, www.batteryrecycling.com.

3. Cardboard boxes:

Contact local nonprofits and women’s shelters to see if they Boxcan use them. Or, offer up used cardboard boxes at your local Freecycle.org listserv or on Craigslist.org for others who may need them for moving or storage. If your workplace collects at least 100 boxes or more each month, UsedCardboardBoxes.com accepts them for resale

Keep Cool Starting from the Top
by Phoebe Chongchua

With summer coming and temperatures rising quickly, many people are already turning the air conditioner on. But did you know that what’s atop your home may or may not be helping you stay cool?

“Clay and concrete tiles have been around for thousands of years. They are the original green product. They are recycled material. They come from the earth — clay and concrete mines that come from the ground. They have a reflectivity quotient that’s above and beyond any other roofing product that’s on the market,” says Dave Mann, President of Patriot Roofing.

Roofing tiles are the only materials that possess two inherent qualities necessary for energy reduction; not only do they contain natural thermal resistance in the raw materials but also the installation of the individual tiles creates a natural airspace around the tiles allowing for ventilation that helps cool air to circulate through the roof. Mann says this can greatly reduce the amount of heat going in and out of a home, resulting in less air conditioner usage and lower electrical bills.”

This article was posted in Pardoncheney.com