TalkShoe Aces LaPorte-MacArthur net@nite Test

Can't believe no one has yet commented on this momentous occasion - the inaugural net@nite program with Leo Laporte and Amber MacArthur! In my unlearned opinion, the event was a great success and certainly a feather in TalkShoe's cap.

There were hiccups, of course - you cannot be 100% ready for the unexpected, but to have a problem such as TOO MANY online participants is a welcome problem, it is rather a "challenge." Yet despite the minor quirks with the chat and interactive aspects, the sound quality was superb the entire TalkCast - some of the best I've heard. (Was that really Skye I was hearing carry Leo? - WOW!) My evaluation and all the praise was fueled today when I listened to a "webcast" that was complete garbage by comparison.

(Of course, true to form, within 24-hours TalkShoe came up with an emergency workaround just in case the problem reccurs - they seem to enjoy shaking up the status quo.)

It would be interesting to know how many of us were "chatting" and interfacing that way as compared to just the audio stream. When the phones were unmuted for the few seconds that listeners were invited by Leo to say "hello" a ridiculously huge number of voices responded in unfettered glee.

Congratulations to TalkShoe, Dave Nelsen, and his excellent team as they took a leap forward in redefining casting ("net" or "pod", your choice, but "Talk" works best here) and to Leo and Amber in their wisdom to "chime in". As a TJ (TalkCast Jockey) and fan, I'll keep listening, too. Thanks for the rich experience.

Art Blanchet (Your Home-Your Money)

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Your Home-Your Money Joins Forces With TalkShoe

YourHome-YourMoney.com Mortgage Radio Joins Forces with TalkShoe.com for Innovative Simulcast to the World

Talk Show Hosts Bill Quigley and Art Blanchet will be using TalkShoe’s unique software interface to reach a worldwide audience using everything but smoke signals and semaphore. The Mortgage Experts will make their consumer-friendly real estate and finance advice, talk, and discussion available through TalkShoe as live interactive phone, radio, and PC hookup, archived podcasts, and RSS feeds from their base of operations at AM Radio Madison 1670-the Pulse.

Madison, WI (PRWEB) August 18, 2006 -- Your Home-Your Money Mortgage Radio, a Wisconsin-based talk radio show airing weekly on Madison 1670-the Pulse, is taking their consumer-friendly message to the world through Talkshoe. Show hosts Bill Quigley and Art Blanchet (The Mortgage Experts), who discuss with their listeners "the things that matter second-most" in their lives, see the need to reach a larger audience and have partnered with TalkShoe as the perfect mechanism they need to do just that. Scheduled launch is Saturday, August 19th at 10 AM EDT and each Saturday thereafter.

Your Home-Your Money Mortgage Radio is well-supported in our local broadcast market. Our listeners enjoy the practical information we give, the interviews of real estate professionals, and the plug-it-in-to-your-life approach we take to our topics," says co-host and 16-year residential mortgage finance veteran Bill Quigley, "The most popular service provided is when we rewind the spin and deflate the hype about the housing industry as presented by advertising and media. We try to boil it down to a sensible level and find the public really appreciates that. But ugly experience tells us we need to reach many more people with our message and TalkShoe is the ultimate solution"

In addition to utilizing TalkShoe for their radio simulcast, the Your Home–Your Money Mortgage Radio hosts have been gearing up other live midweek shows using TalkCasts to reach their audience and interact with them. Co-host Art Blanchet, whose real estate career spans two decades, points out that, "TalkShoe allows non-tech types like me to participate in the podcasting phenomenon without having to deal with the headaches of syndication and complex RSS feeds – and of course the related (and often expensive) software and hardware normally needed. We can create new shows (episodes) that meet the specific needs of our audience, but TalkShoe also allows and encourages their input and opinion. We have several new projects in the works and see the potential to really make a difference in people’s lives. We like that."

TalkShoe likes the relationship and enjoys the challenges live radio presents as well. "The Your Home-Your Money show is great show that’s made even better using TalkShoe’s service," said Dave Nelsen, TalkShoe’s President and CEO. "Bill Quigley and Art Blanchet are at the leading edge of Internet technology." This partnership of solid information and distributative technology will help both Your Home-Your Money Mortgage Radio and TalkShoe get their message out in a useful and easily-accessed way. Their show is at http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=1009

About TalkShoe:

TalkShoe has a wide variety of pre-recorded and live shows (called Talkcasts) available on its website. Anyone can listen, and anyone can become the host of their own Internet talk show. What’s more, people can make money hosting Talkcasts. TalkShoe is located near Pittsburgh, Pennsylvania and can be reached at 724-935-TALK (8255) or go to http://www.talkshoe.com/ and to the contact page.

About Madison 1670-the Pulse:

An industry leader and impact player in Madison, Wisconsin’s broadcast Talk Radio market, Madison 1670 hosts relevant local and prominent national shows for its listeners. Always striving to reach its public, Madison 1670 podcasts select shows and feeds live audio streams for PC listening. More information is at www.wtdy.com.

About Bill Quigley and Art Blanchet:

Bill and Art Co-host the weekly radio program Your Home-Your Money Mortgage Radio and other internet media projects. They also provide real estate mortgage loans and private consultation through their Middleton, Wisconsin-based Capital Mortgage Advisors company – specializing in tough-to-place borrowers with adverse credit histories. Pluggin in http://yourhome-yourmoney.com/ gets you there.

Independence Day 2006

Happy Independence Day!

May this July 4th celebration bring you fun and family - fireworks and frankfurters!

As we enjoy the celebration of America's birth, let us always have gratitude for the rich freedoms we experience each day of our lives.

Please remember those who secure our liberty through their sacrifice - past, present, and future.

God Bless America!

Bill and Art - and our families.

Condo Buying? You Gotta Know this First

Condominium Purchases - There are Rules!

There is a uniqueness to the condominium purchase that affects Builders, Sellers, and Borrowers alike. Here are some questions, answers, and considerations...

Homeowners Insurance: This is covered by the Condo Association's master policy. Even in small, two-unit condominium associations (yes, they exist) the amount of the Fees, or Dues, must at least cover the costs of insurance to the structure per lender standards. Otherwise, borrowers do not need homeowner's insurance as the condo is owned by the association.

This said, be aware the condo owner is responsible for everything inside his/her unit's perimeter walls. Just like it is a wise choice in SFR homeownership, getting content insurance - akin to renter's insurance in scope - is a personal necessity. When calculating those DTI (debt-to-income) ratios, homeowner's insurance is not added as a factor (but association dues are).

Condo Association Dues: These are fees charged to the condominium owners on a per unit basis. These fees/dues cover the cost of structure insurance and maintenance of the condo grounds (mowing in the summer - snow clearance in the winter, for example).

The fees need to be adequate to consider a few unforeseeable events (wear and tear, landscaping, roof repair, etc) and for other common areas available to all residents/owners. If your condo maintains a pool and/or a workout club, your fees will be higher than associations without these.

And the association dues must cover the master insurance policy, too.

***Association fees are always figured into your DTI ratios.***

Other Considerations: Lenders also consider other factors when making a mortgage investment decision. With new construction, traditionally 75% of the units must be presold before any closings can take place. So if you are looking at a 40-unit condo, 30 must be presold for you to close on yours.

(There are very special exceptions to these rules - and Capital Mortgage Advisors has access to these variances and investors - lenders - that enable numbers as low as 30% presell. We are lowering that number daily as we beat the bushes for better sources)

Rental units can be a serious issue to lenders. There must be a large percentage of owner-occupied units - usually 75% - to 90% to allow conventional funding. The lenders don't want to be involved in glorified apartments called condos - historically speaking, it's a bad risk for them.

Now comes the issue of Warrantable vs Non-warrantable condominiums. In a nutshell, a Warrantable Condo has been run by the Association for at least 2 years and is mostly owner-occupied. It is site built and NOT a conversion. The interest rates and terms are best on Warrantable condos as they are underwritten by Fannie Mae. The borrowing process is smoother.

Non-Warrantable condos include recent conversions (from apartments), developer-run or unit-owner (association) run for less than two years. Loans are tougher to get - mostly paperwork issues - and terms can be shorter and/or rates higher.

You'll hear the terms Type I, Type II and Type III: Lender stuff that qualifies the property. I've included a table below that outlines Warrantable and Non-Warrantable as well as "Types". It's a snoozer, but relevant and informative.

(Please note, however, that the Mortgage Experts at Capital Mortgage Advisors have some terrific financing programs that can shame the so-called competition, including great investment <non-owner occupied> loans that can sweeten your deal!)

Thanks for contacting us about your condo needs.

We have a significant variety of condominium financing programs that are designed to smooth out the finance transaction.

By providing for the specific needs of Builders, Sellers, and Buyers when dealing with the regulations and lending guidelines for these unique homes, we have the tools and knowledge to help all parties reach their ultimate goal - a completed stress-free sale.

Please explore our website, grab some free information, and then contact us via email or 608-831-HOME (4663) with any questions you may have. Thanks.

Condo Types and Definitions Condominium Projects are Grouped into Three Areas Outlined Below Type I: NON-WARRANTABLE Developer’s control of the homeowner’s association has not yet terminated. Project may be subject to phasing or add-ons, which have not yet been completed. All common elements and amenities must be fully installed, completed or in operation. 70% of the units in the entire development must have been sold and/or legally obligated to close. 70% of all units in the entire development must have been sold to owner occupants. Maximum single entity ownership, 10% Type II: NON-WARRANTABLE Recent or current condominium conversion (from apartments.) Homeowner’s association has been controlled by the unit owners (other than the developer) for less than two years. Project is not subject to phasing or add-ons which have not yet been completed. All common elements and amenities are fully installed, completed and in operation. 70% of the units in the entire development must have been sold and/or legally obligated to close. 70% of the units in the entire development must have been sold to owner occupants. Maximum single entity ownership, 10% Type III: WARRANTABLE Homeowners Association has been controlled by unit owners (other than developer) for at least two years. Project is not subject to add-ons. All common amenities are fully insured, completed, and in operation. 90 % of all units have been sold (owner –occupancy of at least 60%). Maximum single entity ownership, 10%

"Your Home-Your Money" Toolbar - Try it!

Introducing the "Your Home - Your Money" Radio Show Toolbar - No Adware, No Malware, and No Spyware!

Tried the new "Your Home - Your Money" Radio Show Toolbar yet? This is a true, fully functional Tool Bar - loaded with features and shortcuts designed to make your internet experience easier to navigate.

Even better, the toolbar is branded by our Radio Show (and growing podcast syndications) to allow instant access to our website. We even have a personal message board where we'll post the latest news and information for your use. Soon the link directly to our radio show and radio station - along with informational, lively and entertaining podcasts - will be up and running.

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"All-American Mortgage Minutes" are on their way and will be linked via the toolbar - a bundle of info in a miracle minute. You'll enjoy every second - in fact - all 60 seconds. Stay tuned.

The links and/or downloads for the toolbar are on this page. Remember there is NO spyware, NO adware, NO malware (disguised software that carries viruses and Trojans). It comes with an uninstaller, so you can dump it whenever you like (you won't want to, but you can).

The Google search tool is there, along with searches for Miriam-Webster dictionary, Wikipedia encyclopedia, and Google news, weather, and job search (in case the lending business doesn't work out, I guess). You don't miss a thing.

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My favorite tool is the email access feature. I have multiple email accounts (business, personal, junk, friends, etc) that I use daily and they are with several carriers (Yahoo, Google, Charter, etc.) I can now access all of them individually from the YHYM Radio Show Toolbar without going to each site and without typing in my passwords (optional). Now I can check my email in seconds - it's great!

One more thing - this is all FREE. There are no forced or any other ads (has a Pop-Up ad blocker, too). We maintain a moving banner to keep you current with website, industry news, and show happenings - but you'll like that, too.

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To install, simply click on one of the banners above or go to this link:

http://YHYMRADIOSHOW.myradiotoolbar.com/

Thanks for being a part of our growing base of the world's knowledgeable, informed, and alert real estate loan consumers. We look forward to working together.

Sincerely,

Art Blanchet

Bill Quigley

The Mortgage Experts

Capital Mortgage Advisors

Entering the Real Estate Foreclosure Market?! - You Need This Info

Thank you for visiting our blog in your search for a foreclosed home for yourself - or as investment property. This is a great opportunity for you to familiarize yourself with the basic process and to get comfortable with us. Read on and enjoy yourself - and remember to listen to our live radio show online for more information about "Your Home-Your Money". Thanks again.

Entering the Foreclosure Market? – You Need to Know These Definitions and Procedures.

Q: What is a foreclosure?
In technical terms, a foreclosure is defined as a legal process by which a mortgagor (usually the owner) of real property is deprived of his interest in that property due to failure to comply with terms and conditions of the mortgage. In other words – the owner didn’t pay the mortgage, so the bank, lender, or investor needs to sell the property to recoup its money.

Q: Can a first time homebuyer buy a foreclosure?

Yes. There are some great advantages to a first time home buyer – price is usually lower, the seller is motivated to sell fast, and the home is empty and ready for immediate occupancy.

Disadvantages may include back taxes in appears (unpaid), home needs maintenance (people who foreclose don’t usually have money for maintenance), and there may not be a warranty. Don’t expect a “dream home” and you won’t be disappointed - though deals are out there.

Q: Can I buy a foreclosure at an auction?

Yes. There are some rules to follow, but it is possible to get an auctioned home. Many are auctioned on the courthouse steps in the local jurisdiction. The public is invited and notices are placed in local newspapers prior to the event. As per a typical auction, highest bidder wins.

Remember that at an auction, the home is sold “as-is” (no warranty) and you usually need up to 10% down to secure the property, then a certain number of days (5 to 30 or more) to come up with the balance of the money. Here is where a pre-approval is an absolute necessity – you need to know how much you can borrow BEFORE you go to the auction.

Here's how it works in Dane County at a "typical" sheriff's auction:
Click to Link to Auction Page

You might find a bidding war does not work to your advantage. We work with realtors, as well, that can guide you to the property BEFORE it goes to auction.

Q: Can I get a conventional loan to finance a foreclosed home?

Yes – depending upon your credit and the mortgage size – just like any other property. Sometimes there are situations where additional money can be borrowed to repair the home, and sometimes lenders can “roll” the money into the loan.

If you improve the property to “green” standards – which are energy-efficient standards that are certified by Energy Star® (an EPA certifier) – you can qualify for improvements and more easily in most cases. We at Capital Mortgage Advisors are an Energy Star® lender partner and can get you a “Green Mortgage”. It requires work, but can be a valuable tool for financing and save you money on energy costs if you intend to occupy the home.

Q: I’ve heard of REO property –what’s that?

Many TV investment gurus – working the late night market - tout these as easy marks. Perhaps. REO stands for Real Estate Owned, often called “REO by Bank”. These are bank-owned homes that the previous owner defaulted on. Banks don’t want real estate – they want money (CDs, checking and savings accounts, T-bills, and the like). When banks have a property that is now their responsibility it ties up their investment capital and makes for a nervous boardroom.

Buying REO foreclosures can mean working with the bank, however almost all have realtors who handle their REO properties. While the banks want to rid themselves of REOs, don’t expect them to give away their money. Going with a mortgage broker or mortgage banker – such a Capital Mortgage Advisors – for your financing pre-approval keeps you in control. You don’t need the bank's money or approval, so you can negotiate through your realtor – aggressively!

Q: What is a commercial foreclosure?

Businesses can run into financial problems just as easily as individuals. When a business is delinquent on their payments and the loan falls far enough into arrears, the lender will foreclose on the property. This is a commercial foreclosure and the results – sale or auction – are the same. The property is the difference – multi-unit (more than four) apartment building, condos, office buildings, and so on. These properties are for the seasoned pros.

Q: What happens if I find a foreclosure I like?

Then what?You need to talk to us or fill out an application through our home page (look on top). You need to be pre-approved before putting in an offer. We’ll guide you through the process – whether you’re a first time home buyer or a seasoned investment veteran. We have many loan programs from a multitude of sources – one or more should fit you nicely.

Q: Is there a government site for foreclosure information?

Yes. It’s http://www.hud.gof/ and is a bit rough to navigate. This site lists HUD foreclosures and can be a good house-hunting tool. You can also work with us – Capital Mortgage Advisors - and our affiliated realtors – they will save you time and know the market. Remember, you need to be completely pre-approved before you can place a contract or bid on a HUD-foreclosed home.

Capital Mortgage Advisors has relationships with realtors and lenders to get the mortgage you need. Feel free to contact us with any questions at foreclosures@yourhome-yourmoney.com and Bill and Art will make certain your questions are answered.

You can also start the ball rolling by beginning your pre-approval on our ultra-secure homepage where it says “Loan Application” or by beginning below. In the foreclosure game, you won't find better teammates than the Capital Mortgage Advisors.

Thanks and good luck.

Bill Quigley
Art Blanchet

The Mortgage Experts

www.YourHome-YourMoney.com

Listen to "Your Home - Your Money" each Saturday morning at 9 o'clock on Madison 1670 - the Pulse. Relevant financial talk - presented LIVE radio - co-hosted by Bill Quigley and Art Blanchet, your Madison Area Mortgage Experts.

Also available as Streaming Audio through this link: http://66.222.125.22/wtdyam1670.

©2006 Arthur J Blanchet, Your Home-Your Money

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