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Sellers: 10 Inexpensive Ways to Wow Buyers

10 Inexpensive Ways to Wow Buyers
Now is the time for home owners contemplating a spring sale to spruce up their properties in anticipation of what Mike Larson of Weiss Research calls a potentially vibrant home-selling season.

"If you have been beating your head against a wall, this is going to feel a lot better,” he says.

Here are 10 cheap ways to make a property more attractive to shoppers:

  1. Improve first impressions. Touch up the paint on the front door and other areas that buyers see first.
  2. Clean up the landscaping. Trim the hedges and trees and plant some annuals in the flowerbeds.
  3. Paint the interior. A coat of light yellow or cream with contrasting white woodwork looks fresh and clean.
  4. Refurbish the floors. Buff the hardwoods. Install new carpets – or at least get them professionally cleaned.
  5. Take care of the big problems. If the house needs a roof or the front stoop is crumbling, get them fixed.
  6. Buy warranties. Putting appliances under warranty gives homebuyers a secure feeling.
  7. Improve energy efficiency. New windows or improved insulation tells a potential buyer the seller is on top of things plus they come with tax benefits.
  8. Replace light fixtures. Updated fixtures, especially at the entrance way and in the foyer, create a good first impression.
  9. Buy a stove. Home owners whose kitchen isn’t top of the line can jazz it up for a few hundred dollars by buying a new stove, which gives the room a fresh feel.
  10. Tidy up the bathrooms. Get rid of mildew, replace caulking, and replace stained sinks.


Source: U.S. News & World Report, Luke Mullins (01/21/2010)

2 commentsMolly LeBlanc 503-267-4472 • February 02 2010 03:51PM

Creative Ideas for Cardboard!

Gettin’ Boxy

Plant it

Cardboard is used to ship 90 percent of all products in the U.S. It’s a sturdy mainstay that’s easily reused and recycled. Non-toxic and biodegradable, recycled cardboard takes 25 percent less energy to manufacture products than the use of virgin materials to make new cardboard.

Water it

  • Moving sometime soon? Have a lot of old junk that’s going into storage? Cardboard boxes are easier to come by than you may think, and you won’t have to dumpster dive to get them.
  • Recycle your cardboard at home by adding it to your compost pile. Make sure to remove any tape or staples before you add it into the mix.
  • Feeling really ambitious? Cardboard furniture is not only popular, but inexpensive to make if you’ve got the DIY spirit.

Grow it

  • Construct homemade puzzles with your family using sheets of cardboard. Use a box cutter to slice the box into squares or rectangles. Then, glue photos over them and cut them into piecs. Use the family time to explain the importance of recycling and reusing to your kids!
  • What kid doesn’t love a big refrigerator box to camp in, or make a fort? Save large boxes for a little outdoor enjoyment and imagination. Just make sure the rain doesn’t come before you recycle it, since wet cardboard can’t be recycled.
  • Start a small, cardboard box “co-op” with your friends. Store your boxes (when flattened, they barely take up any room in your garage), and when a buddy is in need, let them borrow it. Having resources from a few people could make small moving jobs or projects that much easier by knowing you already have the box covered. Plus, it saves you from having to shell out the extra cash for new boxes!
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Source: Earth 911

2 commentsMolly LeBlanc 503-267-4472 • February 02 2010 03:48PM

10 Minute Green Home Makeovers

10-Minute Green Home Makeovers

We know it’s not spring yet, and you’re still donning that oversize wool coat and chunky scarf. But we admit that we are still in a post-holiday funk and are in serious need of some organization and motivation.

So we took a room-by-room tour around our own homes to find the solutions the your biggest clutter conundrums, disposal dilemmas and decorating difficulties.

Living Room

Problem: I have a truckload of defunct electronics.

No it’s not a good idea to set that bulky 1980s television on the curb in hopes that your trash collector will pick it up. E-waste is a serious issue for landfills because of the hazardous materials found in electronics (would you like some lead, mercury or cadmium in your drinking water?).

Photo: Flickr/TomBorowski

Look cozy? All you may need to spice up your living room is a simple change in the way it is lit. Photo: Flickr/TomBorowski

According to a new survey by Pike Research, the average consumer has 2.8 unused electronic devices sitting around the house.

Try searching for an e-waste event or recycling program in your local area on Earth911. Here are some other solutions we like:

DVDs and CDs – Two excellent resources for disc disposal are Back Thru the Future and the CD Recycling Center of America. While you pay the shipping costs, there is no recycling fee at either of these organizations. Remember to use the U.S. Postal Service’s “media rate” for the best prices.

Televisions – After television stations switched to digital signals in February 2009, the number of televisions disposed of increased. For information on television take-back programs and to see how well manufacturers scored on their recycling efforts, visit TakeBackMyTv.com.

Problem: My furniture is less than lack-luster.

This author had a bright red couch, which, at the time, seemed like smart and stylish purchase for her living room. But after countless movie nights, Sunday afternoon naps and TV marathons, that cherry red turned into a dull pink eyesore. But instead of buying a new couch (which could run you more than $1,000), consider using a slipcover. We really like Sure Fit, which has slipcovers of all brands for chairs, loveseats and sofas. If you’re really ambitious, you can even make your own cover.

Problem: It’s just not cozy.

It may not seem like a big deal, but the ambiance of your home is all about the way it’s lit. That off-balance ceiling fan may be directly affecting the “glow” of the room. But before you rip it out and spend hundreds to replace it, consider that it may just be the bulbs. Do you really need four 70-watt bulbs for 200 square feet? Probably not.

Make the switch to a more energy-efficient bulb. Yes, there will be an upfront cost. CFLs can cost up to 10 times more than an incandescent bulb, and the even more energy-efficient LEDs can cost up to $50 for a single bulb. However, the cost difference is typically negated both in energy bill savings and longevity of the bulb. Typical incandescent bulbs last only 1,000 to 2,000 hours, while some estimates quote LED lifespans from 25,000 to 50,000 hours.

Kitchen

Problem: My appliances are outdated.

Then you are one lucky consumer right now. Last the month, the government rolled out its Cash for Appliances program, which will utilize nearly $300 million from the American Recovery and Reinvestment Act to fund a rebate program that encourages consumers to purchase ENERGY STAR certified appliances. But get out your checkbook. Be prepared to budget about $550 to $8,500 for a refrigerator and $250 to $1,650 for dishwasher. It may seem like more money, but you’ll save $240 to $340 annually.

Flickr/turkeychik

Running out of cabinet space? Don't forget about your walls for your cookbooks, utensils and other odds and ends. Photo: Flickr/turkeychik

Problem: I have no space.

We’ve seen great cooks in kitchens that are too small to open the refrigerator and stove door at the same time (true story for this author’s college digs). A tall order it may seem, but creating more kitchen space is easier (and cheaper) than you think, and it doesn’t include a sledgehammer and a week-long kitchen remodel.

  • Start by cleaning out your kitchen cupboards. Recycle and donate what you can. This will give you more storage space for items that you may not use every day and do not need on your counter top (such as your blender).
  • Think about your space from floor to ceiling – including your walls. You can easily hang pots and pans, oven mitts or your spice rack. Check out Space Savers for creative organization solutions.
  • Don’t forget about the cabinet doors. Look for over-the-door organizers to hold lightweight items like Tupperware lids or dish towels.
  • Put your dishes on double duty. Use your “I Heart NY” mug as utensil storage, that mason jar for macaroni noodles and your serving bowl for a fresh fruit display.

Problem: I want to recycle, but I don’t know where to start.

Although there are general guidelines for recycling, unfortunately there is no one unified nationwide recycling program. Because of this, you should start out your at-home recycling quest by researching your community’s recycling policies and procedures.

If your local recycling is single-stream, you can put all your recyclables into one bin. If it is dual-stream, your recyclables will need to be separated. You can do this by breaking your waste up into categories such as paper and cardboard, plastics, glass, certain metals and other material types.

Put a personal spin on your bin to really get everyone involved. Once your container system is ready, decorate it and designate its location. Here’s a quick tip: Three things that are recyclable that you will usually find in kitchen are plastic bottles, paper packaging and aluminum cans.

Bathroom

Problem: I use way too much water.

The average faucet flows at a rate of 2 gallons per minute, and a five-minute shower uses 10 to 25 gallons of water. So, we’re going back to elementary school for this one. Turning off the water when you brush and shave, taking shorter showers and flushing judiciously can all save hundreds of gallons of water.

Photo: Flickr/tiddlywinker

Look familiar? Most of those shampoo and soap bottles are made of recyclable plastic. They also make for great travel-size containers. Photo: Flickr/tiddlywinker

Take it a step further and install a low-flow showerhead or an aerator on your sink. Together they can reduce your household water use by up to 50 percent, which will save you money.

Problem: It’s a mess under my sink.

You know what we’re referring to: half-empty shampoo bottles, lotions with intolerable fragrances and once-trendy-now-gaudy cosmetics. Consolidate what’s possible, and remember to recycle the containers.

Rethinking the way you use hygiene products starts here. Read the backs of your bottles. Some personal hygiene and beauty products contain harmful substances known to be skin irritants, poisons and even carcinogens.

So, which ingredients should you avoid and what products might contain them? In partnership with the Environmental Working Group, the Campaign for Safe Cosmetics has created Skin Deep, an online database of cosmetics and personal care products where you can check your sunscreen, shampoo, deodorant, shaving cream and more for toxic ingredients.

Problem: It needs a super clean, but the fumes are too much for the small space.

The next time you have to wipe down the bathroom counter and clean the mirror above the sink, opt for products with fewer chemicals. We’re all for sparkling counter tops, but most standard cleaning products can irritate allergies, cause headaches and make your eyes burn. In fact, the EPA is reevaluating the health impact of chemicals that are present in everyday products and has developed an action plan for the treatment of four chemicals including phthalates.

Look for nontoxic cleaners such as Seventh Generation. Or save some cash and make a super-duty cleaner with ingredients from your pantry:

Vinegar – Mix one part vinegar and one part water in a spray bottle to clean counter tops, sinks and floors.

Lemon – Scrub surfaces and stains with a lemon that has been cut in half and sprinkled with baking soda on the flat side.

Office

Problem: I literally have mountains of paper.

One of the biggest space hoarders in any office is files. Hundreds upon hundreds of contracts, reports and applications in file cabinets can take up an entire wall of space in your office.

Reassess what you really need in hard-copy form. Many of these documents can be scanned and saved in electronic form. Shred, bag and recycle the sheets of paper. The most important thing to remember here is to back up any information you load onto an external hard drive with password protection. You can go digital and still be safe.

Photo: Flickr/pigdump

It may seem like a ton of work, but it's worth it. Recycling 1 ton of paper saves 17 trees, two barrels of oil, 4,100 kilowatts of energy, 3.2 cubic yards of landfill space and 60 pounds of air pollution. Photo: Flickr/pigdump

Problem: Nothing is “green” or efficient.

According to the Department of Energy, office equipment accounts for 16 percent of an office’s energy use. The use of computers, printers, copiers and fax machines adds up, but simply turning your computer’s sleep mode on when you’re not using it can save energy. Here are some other energy-saving tips you can implement:

  • Turn the machine off when you leave the office for the night.
  • Activate sleep mode for printers, copiers and fax machines so they’ll sense inactive periods.
  • Consider consolidating these machines by purchasing a machine that performs multiple office functions.

If you’re looking to purchase new office equipment, look for ENERGY STAR qualified products to cut down energy use and pollution.

Problem: I just can’t concentrate in my workspace.

Organization plays a key role in productivity. A clean space allows for more creativity and better concentration. But if you’re still in a jaded funk after organizing your office, a fresh coat of paint may do the trick and get you back on track.

According to Freshome Interior Design, color and mood go hand-in-hand. Blues and greens are great for reducing stress and relaxing. But if you’re looking for a burst of creativity and energy, paint one wall a shade of red or orange.

Earth911 consulted Behr paint to find out more about the color trends for 2010. “Whether light or dark, clean or muted, traditional or contemporary, new concepts in style take shape at the beginning of a new decade,” according to Behr’s 2010 Design & Color Trends report, noting that contrasting shades are tops this year, and that these palettes relate directly to “a world bursting with change, innovation and diversity.”

Garage

Problem: I have boxes of stuff I never use.

The garage is where products go to collect dust. You don’t plan on using them, but you store them in a corner “just in case.” Sporting goods, books, old electronics – all these items can be reused by someone else, reducing the need to manufacture new products.

Photo: Flickr/eatmorechips

Due to the various types of cleaning products, there are several methods for properly disposing of them. Household cleaning products that are hazardous should be properly disposed of by household hazardous waste (HHW) facilities. Photo: Flickr/eatmorechips

They don’t call it a garage sale for nothing. If you moved all your junk from the garage out to the driveway, you may be surprised what gets sold. Use sites like Craigslist and Freecycle or scout out a second-hand store to get a tax write-off.

Problem: It’s too cold.

Yes, this is an energy-sucking problem. The garage is probably one of your least insulated rooms in the house. It will be coldest in the winter, and warmest in the summer.

Minimize this impact by keeping any doors closed that connect the garage with your house. This will keep your energy costs down for heating and cooling your home.

Also keep in mind that extra appliances, like spare refrigerators and freezers, can take a toll on your electric bill. A refrigerator uses almost five times more electricity than the average television.

Rather than combating constant temperature fluctuations, assess if you really need a second refrigerator. If so, perhaps a smaller unit for beverages will work better than a full-size cooler.

Problem: I don’t know what to do with all these chemicals.

The garage is a popular spot for hazardous products like motor oil, freon, gasoline, pool chemicals, etc. If you’re housing these items, make sure they are properly stored in their containers. If you need to get rid of any old supplies, don’t dump them in the trash. Check for a local household hazardous waste collection event hosted by your municipality, or look for other ways to properly dispose of these items with Earth911’s recycling database.

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Amanda Wills

Amanda Wills

Amanda Wills is the Assistant Editor of Earth911.com

More articles by Amanda

2 commentsMolly LeBlanc 503-267-4472 • February 02 2010 03:44PM

New Credit Card Rules

Out with the Old, In with the New

2010 Brings Meaningful, Pro-Consumer Reform to the Credit Card Industry

On January 12, the Federal Reserve Board announced a final rule amending Regulation Z (Truth in Lending) that bolsters the 2009 Credit CARD Act. This rule's adoption means billions in consumer savings annually. CRL's Dodging Reform report spotlighted two hidden and deceptive practices included in the rule, "pick-a-rate" and variable rate floors.

In Dodging Reform, CRL coined the term pick-a-rate for an increasingly popular industry pricing scheme. The practice offers issuers their pick of the highest prime rate over a 3-months instead of current prime to decide a customer's variable rate. Prime can change significantly in a short time so the practice can hike unaware cardholder's costs greatly. The end of pick-a-rate will save Americans up to $2.5 billion.

The abusive nature of variable rates floors results in a rate so rigged it never goes down… only up from its starting level. While the prime rate is low now, this practice might have cost consumers billions when prime returns to a more normal level. 

Under the new rules, which go into effect February 22, 2010:

  • Banks will no longer be able to raise borrowers' rates on existing balances unless it is to move a variable in line with an index or the consumer becomes 60 days late on their bill.  If your rate is increased because you were 60 days late, you should be notified that you can return to the regular rate if you pay the minimum payment on time for 6 months.
  • Banks will need to start applying payments above the minimum to the highest rate first, the opposite of current tactics. None of the top banks have made this change yet, but they must soon.
  • Banks will not be able to charge an over-limit fee unless a consumer "opts-in" to receiving such a fee.  Already some issuers have generated misleading calls to get consumers to opt-in.  Borrowers beware – be careful not to accidentally do this.

source:  http://www.responsiblelending.org/credit-cards/

2 commentsMolly LeBlanc 503-267-4472 • January 25 2010 03:28PM

Market Snapshot for Gladstone Oregon


The median list price in GLADSTONE,OR this week is $254,900. The 39 properties have been on the market
for an average of 146 days.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices
are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends
continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Gladstone Market snapshot

Prices continue their climb again this week. We're a long way from the market's price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Gladstone Median Price

 

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

Gladstone Inventory

 

If you'd like a detailed view of your city, just contact me and I'd love to give you some statistics!

 

0 commentsMolly LeBlanc 503-267-4472 • January 23 2010 01:36AM

December Snapshot for Portland Metro Area

Sales activity showed improvement this December versus December in 2008.

Closed sales were up 52.6%, while pending sales rose 40.9%

At December's rate of sales, it would take approximately 7.7 months to sell the 11,597 active listings.

Portland Metro Area Statistics

If you'd like to know what the average sales price for the Month of December was in your area just contact me and I'd be happy to send the statistics!

0 commentsMolly LeBlanc 503-267-4472 • January 23 2010 01:19AM

10 Cities Where It's Smarter to Buy! Portland is #8!

10 Cities Where It's Smarter to Buy
For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.

To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years.

Here are the top 10 cities the magazine chose as the best places to buy right now.

  1. Boston-Cambridge-Quincy, Mass.
  2. Charlotte-Gastonia-Concord, N.C.-S.C.
  3. Chicago-Naperville-Joliet, Ill.-Ind.-Wis.
  4. Cincinnati-Middletown, Ohio-Ky.-Ind.
  5. Denver-Aurora-Broomfield, Colo
  6. Minneapolis-St. Paul-Bloomington, Minn.-Wis.
  7. Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.
  8. Portland-Vancouver-Beaverton, Ore.-Wash.
  9. San Francisco-Oakland-Fremont, Calif.
  10. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V.


Source: Forbes, Francesca Levy (01/21/2010)

4 commentsMolly LeBlanc 503-267-4472 • January 23 2010 12:10AM

Creative Ways to Help Haiti

Haiti: How Greenies Can Help

One of the No. 1 questions on social media outlets and blogs during the aftermath of last week’s 7.0 magnitude Haitian earthquake was How can I help?

While President Obama has pledged $100 million in disaster relief, there is an onslaught of mass mobilization efforts to deliver aid on a citizen level. Casualty estimates have towered above the 100,000 mark, and hundreds of thousands of structures have crumbled to the ground.

As the poorest country in the Western Hemisphere, the estimated billions of dollars of needed for future rehabilitation and cleanup efforts in Haiti may be hard to come by.

On Jan. 12, a 7.0 magnitude earthquake and more than 20 aftershocks hit the small impoverished island of Haiti and its 9 million inhabitants. Photo: CIA World Factbook

On Jan. 12, a 7.0 magnitude earthquake and more than 20 aftershocks hit the small impoverished island of Haiti and its 9 million inhabitants. Photo: CIA World Factbook

CNN reported last week that the top resource aid workers are asking for is monetary donations. But with the alleged scams floating around the Internet, how do you know what organization properly handle your donation? We dug up some cool charities that are doing things for Haitians on two levels: disaster relief with an environmental twist.

1. Donate your old laptop.

In the aftermath of the disaster, humanitarian relief organization World Concern searched the rubble of its five offices in Haiti for survivors. Of the 120 staff members, about 80 have been accounted for. While the group is undergoing its personal loss, it is still set on providing blankets, plastic sheeting and emergency supplies of water to the victims of the earthquake.

Seattle-based InterConnection.org is now working with World Concern to start the rebuilding process by sending refurbished laptops to the organization in Haiti. InterConnection will take your working Pentium 3 or 4 laptop, wipe its hard drive, equip it with French Microsoft Windows and Office and ship it to the the communication hubs in Haiti.

” Imagine the loss of computers in this disaster. Schools, hospitals, NGOs would all have lost hard drives and laptops. They have no resources to replace these items,” said World Concern spokesperson Susan Talbot. “We work with orphans and vulnerable children and their caregivers. We have five offices around Haiti having sustained unknown amounts of damage. Our capacity to respond to disasters relies on our capacity to communicate not only with each other but with donors and funders, sharing beneficiary stories.”

“The bottom line is that this is super easy. Anyone can fill out an online form, and we’ll pay your shipping costs. Our goal is to get at least 100 laptops to Haiti.” InterConnection Director Charles Brennick told Earth911. “Laptops make more sense in this situation [as compared to desktops] because, in Haiti, there isn’t a reliable power source, and there are a lot of mobility issues.”

Photo: ShelterBox

The ShelterBox team arrived in the island’s capital on Jan 14 and have already been in contact with government officials. The completely self-sufficient team has set up base with the help of a Haitian Rotarian. Photo: ShelterBox

2. Give shelter in a box.

With more than 3 million living in makeshift shelters among the destruction, U.K. based ShelterBox is moving quickly to provide temporary refuge by literally distributing shelter in a box.

Each box supplies an extended family of up to 10 people with a tent and lifesaving equipment to use while they are displaced or homeless.

The cost of a box is 490 British pounds (about $800). This includes direct delivery and a unique number so donors can track their contributions. So far, the organization has already sent out more than 700 boxes.

“Our team around the world are doing all they can to ensure aid reaches the people of Haiti as soon as possible. With each day the need grows and we’re doing all we can to get help to the thousands of families affected by this tragedy,” said Founder Tom Henderson.

“The response from our volunteers and supporters has once again been sensational. We can’t do this without the public’s compassion and generosity. If you can help us, even in the smallest way, then please do.”

3. Send in your cell phone.

In a scene that has been compared to the “apocalypse,” communication for both families and aid workers is paramount for survival. Last week, ReCellular partnered with the American Red Cross to provide communicative support by accepting used cell phones for donation.

“The devastation in Haiti is slowly becoming all too clear,” said Steve Manning, ReCellular CEO. “Sending in your used phone is a simple and effective way to help with the rescue and rebuilding efforts already underway.”

With more than 1 billion used phones sitting on household shelves, chances are you may find that old Nokia in a box at the top of your closet. Rummaging through your storage and donating that defunct phone may be instrumental in providing relief.

All you have to do is simply download a prepaid mailing label. ReCellular will give 100 percent of the phone value as a contribution to the American Red Cross. Charities have already earned more than $20 million dollars in contributions through their partnerships with ReCellular.

Reports from the ground say Haitian structures have crumbled and folded "like pancakes." Photo: Flickr/caritasinternationalis

Reports from the ground say Haitian structures have crumbled and folded "like pancakes." Photo: Flickr/caritasinternationalis

4. Help rebuild it sustainably.

Just one day after the life-changing quake, Architecture for Humanity Executive Director Cameron Sinclair tweeted that the organization had raised more than $7,000 for @archforhumanity in first day for rebuilding Haiti – and that was just through Twitter.

A nonprofit sustainable design company, Architecture for Humanity will primarily work in the reconstruction phase of post-disaster Haiti, focusing on transitional and permanent housing and community structures.

The organization noted in a New York Times article that Haiti’s pre-quake construction already had significant foundation flaws, making the structures fold like pancakes.

Sinclair says the need for now is relief and recovery, but that will very soon grow into long-term construction projects. You can support Architecture for Humanity through online donation.

5. If nothing else, send a text.

“I cannot stress enough what a human disaster this is, and idle hands will only make this tragedy worse. The over 2 million people in Port-au-Prince tonight face catastrophe alone. We must act now,” said Yele Haiti Founder and Grammy-Award winning musician Wyclef Jean.

A native of Haiti, Jean is pushing his grassroots movement to build global awareness of the disaster – and his main platform has been through social media and texting. Donors can make a $5 donation in less than 30 seconds by simply texting YELE to 501501. A trending topic on Twitter for most of last week, Yele raised more than $1 million in donations in just one day.

But Jean isn’t sitting in his posh celeb digs in Hollywood. The Goodwill Ambassador has been on the scene, clearing bodies in Port-au-Prince as he calls for the government to declare a state of emergency. According to AFP, Jean is calling for at least $1 million a day in donations for the country and that within a matter of days, the whole country will be in a state of chaos.

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Amanda Wills

Amanda Wills

Amanda Wills is the Assistant Editor of Earth911.com

More articles by Amanda

0 commentsMolly LeBlanc 503-267-4472 • January 21 2010 02:37PM

Financial Myths....True or False?

Fight Financial Myths with Facts

TRUE OR FALSE?

  1. The average fee for overdrawing on a debit card transaction is double the amount of the overdraft. 
    True
    The average shortfall is only $17, but the average overdraft fee is $34.

  2. In recent years, the financial services industry has spent more on lobbying than the health care and defense industries.
    True again. 
    In fact, during the past decade, financial services companies, including real estate lobbyists, have spent $2.3 billion to influence Congress—more than the health care, energy, agribiz and defense industries combined.

  3. Recent reforms passed by Congress have reined in the credit card companies.
    Not even close to true.
    Congress passed new credit card legislation last summer, giving credit card companies a year to comply.  Since then, credit card companies have increased fees or rates 8 times, with more hikes likely to come.

  4. Federal regulators have taken the lead in addressing abuses on home loans.
    Definitely false.
    The truth is that multiple federal regulators with authority to act stood by and did almost nothing while the states took the lead in fighting harmful lending practices.  If Congress prevents states from making stronger lending rules as necessary, they will essentially remove the front-line defense against abusive lending.

A lot of misinformation is flying around Washington these days. If you'd like more information please visit my source at Center For Responsible Lending

2 commentsMolly LeBlanc 503-267-4472 • January 18 2010 04:27PM

Cooper Mountain Estate! Open Sun 1/17 from 1-4pm Come Visit!

Photo Gallery




Description and Features
Custom Built home on .93 manicured acre in upscale Cooper Mountain. This Home offers a fabulous kitchen with Granite counters and Stainless appliances. The Kitchen opens to a Casual Dining area, a spacious Family Room with expansive built-ins, and has French doors which lead your guests to an extensive patio for summer entertaining.
Bedrooms:4
Bathrooms:3
Parking Spaces:4
Square Feet:3634
Lot Size:.93
Year Built:1993
Floors:2
MLS #:9063731
Location
Click to view map: 19391 SW SUNCREST LN Beaverton OR 97007
Links
2 commentsMolly LeBlanc 503-267-4472 • January 14 2010 05:37PM