Real Estate Watch
7309 Tioga Street, sold for $1,674, by sheriff's deed, to Fannie Mae Mortgage Association, is the only transaction listed last week by RealSTATs.
For those who wonder how to buy a foreclosed property: most banks and loan guarantors make it hard to learn what they have to sell. Fannie Mae makes it easy.
Calendar Notes
Nearly every week, our Real Estate Watch lists one or more homes that have gone into foreclosure. If you are a homeowner who wants to avoid foreclosure, you want to avoid the loans that are likely to lead you there. Tomorrow evening, August 27, Jennifer Germany of the Pittsburgh Community Reinvestment Group will give a presentation to help Homewood residents avoid "predatory lending," or loans made with terms and conditions that set you up for trouble.
Ms. Germany will show a movie, "In Debt We Trust," and offer tips on what to look out for when obtaining a loan, and what to do if you feel you have become a victim of a predatory loan.
The event runs from 6:15 p.m to 7:45 p.m., at the Homewood-Brushton Family Support Center in the Homewood-Brushton YMCA.
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2008 is the seventh presidential election year since I moved into Homewood, and I do not recall any candidate's campaign reaching into the community the way Barack Obama's campaign has. After helping to double the voter turnout during the primary, the Obama team is staging an event Thursday at the Pittsburgh Coliseum, 7310 Frankstown, that will provide "an opportunity for supporters to root for two teams," said spokeswoman Alison Price.
How? By watching the Steelers preseason game against the Carolina Panthers, then watching Sen. Obama's nomination acceptance speech. Admission to the 7 o'clock event is free; meals will be sold (Ms. Price mentioned barbecue).
Note to the McCain campaign: If you schedule an event in Homewood and give us the info, we'll announce that here also. Equal time, you know.
Posted
Aug 26 2008, 02:58 PM
by
Elwin Green