It is never too late to Owner Finance!

Thinking of moving?  Is your house not garnering the foot traffic you had hoped for in spite of the fact it has been on the market for 90 days? Perhaps it is the ideal time to put a sign in front of the house that says “Owner Will Finance”.  Let me explain my thinking.

We are only hours away from a crucial if not historic announcement from the Federal Reserve as it announces which direction interest rates will take.  The stock market has already factored in a rate cut from the Fed (of at least .25) and frankly would like to see more.

Although third-quarter results are due in later this week from the major brokerage houses such as Goldman Sachs, Morgan Stanley, Lehman, and Bear Stearns, these major investment banks suffered stock price drops anywhere from $.88 to $2.98 in their respective shares today.

The price of crude oil and gold are up while the Dow Jones industrials closed moderately down 39.10 (to 13,403.42) with declining issues outnumbering advancers by a rate of more than 2-to-1 on the New York Stock Exchange.

Couple that somber investment information with former Federal Reserve Chairman Alan Greenspan talking in an NBC interview on Monday in which he posits that the likelihood of an economy wide recession is now slightly larger than at the beginning of the year.

Surprisingly, the economy posted 4,000 jobs lost in the month of August.  If you had moving on your mind, it’s far better to sell ahead of the credit crunch…. than anything else.

 I think it’s time to carry back a second mortgage to get your house sold.  What do you think?

Best in Success,
Maria Fee
REMI KNOX, LLC
Trading Financial Futures TM
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