Home Affordable Refinance Program Extended Another Year

According to a news release, the government is giving homeowners another year to refinance  their loans under a little-used program designed to help borrowers whose homes have plummeted in value.  My experience with clients who have tried to refinance their homes have had a total horrible experience with their mortgage holders.

The Obama administration effort, known as Home Affordable Refinance Program, had been scheduled to end on June 10 but will now run out on June 30, 2011, the Federal Housing Finance Agency said Monday.

The program allows borrowers who owe up to 25 percent more than their homes are worth to refinance to lower interest rates.

It was originally projected to help 4 million to 5 million homeowners with loans owned or guaranteed by Fannie Mae and Freddie Mac. So far, it has helped around 220,000, according to the Treasury Department. Yes, and you can blame the banks 100 percent. They would rather foreclose then refinance.

John J. O’Dell
Real Estate Broker

Nevada County Fair Calendar 2010

Mark your calendar for the event voted as “Nevada County’s Best” for 10 years in a row – the 2010 Nevada County Fair, August 11 – 15, at “California’s Most Beautiful Fairgrounds,” the Nevada County Fairgrounds in Grass Valley.

“Rooted in Tree-dition” is this year’s theme and five days of “tree-mendous” fun are planned for Fair-goers of all ages. Live entertainment will be available every day at five different stages throughout the Fairgrounds. There’s also carnival rides and games, barns full of livestock, thousands of community exhibits, special contests, an Idol Competition, nightly arena events, daily demonstrations, magic shows, gold panning, and food contests.  As always, Treat Street will be serving an array of delicious food and drinks – corn dogs, pasties, tacos, corn on the cob, beer, tempura zucchini, nachos, hamburgers, funnel cakes and caramel corn – just to name a few!

Long-time crowd pleasing events will soar into the Fair’s arena Wednesday through Sunday, presenting thrills ranging from a rodeo to Monster Trucks to the Demolition Derby.

The Ag Mechanics Auction will be held on Friday of the Fair, and the Junior Livestock Auction will be held on Sunday, August 15. These popular annual events will raise more than $400,000 for Nevada County youth in agriculture.

For those interested in entering competitions and projects for judging, the Fair’s Competition Handbook will be available June 1. At that time, all of the categories, as well as online entry information, will be listed on the Fair’s web site at Nevada County Fair.

Gates open each day at 10 am, and close each evening at 11 pm. Admission this year will be $8 for adults, $6 for seniors (65 and older), $3 for children 6 to 12, and free to children five years old and younger.

At one of the most affordable fairs in California, take advantage of one of several pre-sale packages available this year, including a special “Be A Kid” price of only $3 for a Thursday adult admission ticket; or a pre-sale Fair admission ticket for $5 for any one day of the Fair.  Kids Day will once again be held on Thursday from 10 am to 5 pm and during that time all children 12 years and under are admitted for free. Other pre-sale packages and coupons will be announced in June.

The Nevada County Fairgrounds is located at 11228 McCourtney Road in Grass Valley, 50 miles northeast of Sacramento, off Highway 49. For directions, event details or general information, visit Nevada County Fair or call the Fair Office at (530) 273-6217. Our blog can be found at Nevada County Fair Blog, or you can follow us on Facebook or MySpace.

Source: Wendy Cox Nevada County Fair Publicist

Walking vs. running—which is better?

Photo Central Valley Activities Club

by Lisa J. Lehr

Looking for the ideal exercise? Whether you’re still trying to make good on a New Year’s resolution, thinking about the upcoming swimsuit season, or looking for a way to add variety to your workout routine, walking and running rise to the top of the list of possible choices.

For overall fitness, nothing beats walking and running. You need no expensive equipment; you don’t have to join a club or travel to a special place; you can do it at pretty much any time of day or year.

But which is better? Well, it depends. Here are the pluses and minuses of both.

Running:

·         burns more calories than walking in the same amount of time—because you travel farther running than walking. Mile for mile, however, the calories burned are the same. That’s because carrying your weight over a given distance burns the same number of calories regardless of speed.

·         raises your heart rate more than walking.

·         strengthens your bones more than walking because of the strain it creates.

·         strengthens your muscles more than walking—but only if you’re actually running, not jogging. In that sense, power walking (walking as fast as you can without breaking into a jog) is actually more effective than slow running.

·         is more likely to cause injury. When running, you impact (hit the ground) with three times your body weight on each step. Especially for people who are overweight, out of shape, or pregnant, the strain on the knees, hips, and ankles can be a problem. If you’re going to begin a running program, start slowly and gradually increase your distance and/or frequency.

Walking:

·         may be better for fat burning. According to Dr. Dean Ornish, a clinical professor of medicine at UC San Francisco: “When you run a mile, you’re burning mostly sugar, or carbohydrates, which is how your body gives you fast energy in bursts. When you walk a mile, it gives your metabolism time to switch from burning carbohydrates to burning fat.”

·         is easier on your joints. Walking causes an impact of only 1.5 times your body weight, yet is still a weight-bearing exercise that will prevent bone loss.

·         is easier to fit into many people’s schedules. You can do it on your lunch hour at work; you may need to change only your shoes and probably won’t need to shower afterward.

·         has a benefit if you live in the city and have to stop at traffic signals: the sudden stop from a running pace can be dangerous for your heart. It’s much safer to stop from a walk. If you have to stop at a light while running, try jogging in place.

·         allows you to enjoy the scenery more than running, which in turn may keep you from burning out as soon.

I’m going to add a reminder to vary your terrain to avoid one-sided leg pain, and try to disconnect from your iPod. We live in a friendly community full of natural beauty. Say hello to the neighbors you pass; listen to the frogs croak and the birds chirp; be alert to approaching cars.

So…walking or running? It’s really a matter of what works best for you. Walk, run, or do something else. Just do it.

Lisa J. Lehr is a writer, copywriter, and fitness enthusiast living in Grass Valley. She can help you promote your business with a full range of online and offline marketing pieces. A member of Empire Toastmasters, she’s available to speak to your business or professional group. Visit her website www.justrightcopy.com for more information, opt in for a message series, and receive a free Marketing Guide.

See related post by Lisa Walk For Health, But Stay Healthy And Pain Free

Lisa J. Lehr
I write words that make you money–just ask me how.
www.justrightcopy.com
Visit my website and sign up for my fr~ee marketing tips.
New! No~cost Marketing Guide now available at my website.

Hong Kong Real Estate Bubble About to Burst?

As i mentioned in a recent article, China’s real estate is super hot and may be ready to collapse,  well, it looks like Hong Kong and Singapore  are in the same boat. Home prices in Hong Kong have risen 25 percent and land prices have doubled. Singapore’s government has stated that because of low interest rates, it is fearful that they may be getting into an overheated real estate market and are going to increase the housing market.

.According to the Wall Street Journal:

“Strong results in a Hong Kong government land auction are the latest sign that the city’s real-estate market is surging higher after a brief lull, as government officials here and elsewhere in the region grapple with how to cool off overheating property prices.

Around the region, easy credit and ample liquidity is fueling fears that real-estate prices may be rising to irrational levels.

Unlike China and Singapore, however, Hong Kong has little control over interest rates because its currency board system, which pegs the local currency to the U.S. dollar, forces it to import U.S. monetary policy.

“Hong Kong property buyers have been in a prolonged low-interest-rate environment, and now they’re behaving like drunken drivers on the road—they don’t think about consequences,” Ms. Wong says, estimating that prices have increased 5% this year. While speculative activity has been subdued, she argues the public is “overstretching” itself, convinced that “prices will go up forever.”

Sounds familiar doesn’t it?  What do you think?

John J. O’Dell
Real Estate Broker
Because I care
Call 530-263-1091

America Wins Two Gold and Two Bronze Metals for Being Lazy!

Comparing us to 24 other countries, it seems that we have won two gold medals and two bronze. According to the Daily Beast:

“For the Couch Potato Olympics, we stuck with 24 countries in the developed world, as determined by Organization for Economic Cooperation and Development-member countries that had extensive data available. The large majority of this list is Western—a byproduct of only ranking countries with accurate, reliable, and consistent data. (There was no Russian judge in this competition.)”

So here is the summation of our metals:

Calories per Day: 1st out of 24 (Gold)
Television Viewing: 1st out of 24 (Gold)
Sports Aversion: 3rd out of 24 (Bronze)
Internet Usage: 3rd out of 24 (Bronze)

To further expand our knowledge of how we are doing, here’s a video put together by some high school students.  There are four versions of this video, this is version one.

Did You Know; Shift Happens – Globalization; Information Age

httpv://www.youtube.com/watch?v=ljbI-363A2Q

Did You Know? originally started out as a PowerPoint presentation for a faculty meeting in August 2006 at Arapahoe High School in Centennial, Colorado, United States. The presentation “went viral” on the Web in February 2007 and, as of June 2007, had been seen by at least 5 million online viewers. Today the old and new versions of the online presentation have been seen by at least 20 million people, not including the countless others who have seen it at conferences, workshops, training institutes, and other venues.

John J. O’Dell
Real Estate Broker
Because I care
Call 530-263-1091

The Nevada County Regulators Live

This is one of my favorite bands in Nevada County. They play in some part of Grass Valley, Nevada City almost once or twice a month in Nevada County. You can find their schedule at their website  Nevada County Regulators

httpv://www.youtube.com/watch?v=2eOI6muBVxo

John J. O’Dell
Real Estate Broker
Call today because I want to help you
in buying or selling real estate
or short sale or foreclosure questions
530-263-1091