GAINESVILLE, Fla. – April 27, 2011 – Consumer confidence among Floridians dropped for the third consecutive month – falling to 68 in April – as residents worried about domestic budget woes, soaring gas prices and international unrest, according to a new University of Florida (UF) survey.
Four of the index’s five components decreased, including perceptions of personal financial situations expected a year from now, which fell 11 points to 69, a record low. It’s that component’s largest single-month decline since July 1990.
Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research, says the he first though the decrease was created by “seniors who are increasingly hearing deficit-reduction plans that include Medicare, and low-income households who at the state level are anticipating cuts to Medicaid and other programs.”
Read more at:
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259249
====================================
WHy is confidence declining? BANKS TAKE FOREVER TO MAKE A DECISION! If a persons lease is up in 4 months they have no idea if banks will close buy then. Even when it is a total cash sale on a $25,000.
A Sort Sale can easily take 6 months to a year even if it is a cash sale. The way to over come this? Force the banks to close the sale at the closing table with HUD with transfer of the property with in 45 days from an executed contract. That's when all parties agree. This is more than enough time to close. EVEN FOR ANY BANK!
Politicians take note, banks taking long periods of time to close AFTER price has been agreed upon. There is no reason for this. NONE! This hurts neighborhoods, by allowing houses to sit empty and vagrant move in. Like Child Molesters living in an empty house where kids play. I am surprised we have not heard about this by the NEWS! Great LEAD Stories and its not picked? There are problems in every single city and the people YOU Represent are having problems with banks and nothing is done. Either your not doing your job to represent the people or your collecting paychecks from the banks and the news agencies are looking the other way. Question is: WHICH IS IT?
Make the banks get rid of their inventory. Close with in 45 days after a signed contract. If buyer is ready to close and banks are pushing it back or not giving a GOOD REASON and wont close then FINE THEM! Make them pay the buyer for waiting. Have the banks pay the city and state for having to get involved (This creates revenue).
If banks has a property on their books for over 1 year for whatever the reason then they are not really trying to get rid of it. They are in the business of lending out money and not holding it.
Make them act responsible.
No wonder people are have no confidence in the banks. They have no idea when the bank will close and they can move in to their home.
Andy Carson
Four of the index’s five components decreased, including perceptions of personal financial situations expected a year from now, which fell 11 points to 69, a record low. It’s that component’s largest single-month decline since July 1990.
Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research, says the he first though the decrease was created by “seniors who are increasingly hearing deficit-reduction plans that include Medicare, and low-income households who at the state level are anticipating cuts to Medicaid and other programs.”
Read more at:
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=259249
====================================
WHy is confidence declining? BANKS TAKE FOREVER TO MAKE A DECISION! If a persons lease is up in 4 months they have no idea if banks will close buy then. Even when it is a total cash sale on a $25,000.
A Sort Sale can easily take 6 months to a year even if it is a cash sale. The way to over come this? Force the banks to close the sale at the closing table with HUD with transfer of the property with in 45 days from an executed contract. That's when all parties agree. This is more than enough time to close. EVEN FOR ANY BANK!
Politicians take note, banks taking long periods of time to close AFTER price has been agreed upon. There is no reason for this. NONE! This hurts neighborhoods, by allowing houses to sit empty and vagrant move in. Like Child Molesters living in an empty house where kids play. I am surprised we have not heard about this by the NEWS! Great LEAD Stories and its not picked? There are problems in every single city and the people YOU Represent are having problems with banks and nothing is done. Either your not doing your job to represent the people or your collecting paychecks from the banks and the news agencies are looking the other way. Question is: WHICH IS IT?
Make the banks get rid of their inventory. Close with in 45 days after a signed contract. If buyer is ready to close and banks are pushing it back or not giving a GOOD REASON and wont close then FINE THEM! Make them pay the buyer for waiting. Have the banks pay the city and state for having to get involved (This creates revenue).
If banks has a property on their books for over 1 year for whatever the reason then they are not really trying to get rid of it. They are in the business of lending out money and not holding it.
Make them act responsible.
No wonder people are have no confidence in the banks. They have no idea when the bank will close and they can move in to their home.
Andy Carson
No comments:
Post a Comment