MORTGAGE & REAL ESTATE RADIO

Subprime mortgages are under attack from all fronts. Investors are withdrawing support, lenders are filing bankruptcy, programs are being eliminated, credit is tightening, and Congress is being pressured into action. So what do borrowers with less-than-perfect-credit and minimal downpayment money do? They look at FHA mortgages! FHA is kinder toward credit, is underwritten by "people," and has some terrific programs for purchases AND refinances. This episode of Your Home-Your Money will give you the goods on Federal Housing Authority loans. Join Bill and Art today.

This mortgage-gone-bad story is getting attention across the US as it applies to borrowers everywhere. According to an article in the Washington Post, Susan and Bryan Andrews of Cedarburg, Wisconsin refinanced their home in 2004 into what was explained - and reportedly documented - to be a 1.95% interest rate that was to be fixed for five years. It was not. The Andrews family decided to fight and eventually took the lender - Chevy Chase Bank - to court and WON, setting the table for a class action lawsuit by thousands of borrowers in the same boat. This is their story - and their caution - to the listeners of Your Home-Your Money as related in this excellent live interview.

Investors pulling their funds, lenders going belly-up, Option ARMs and Pick-A-Payment loans recasting to higher rates, Freddie Mac hammering in the last nail - What is going on with the Subprime Lending Market?!?! And those borrowers - with credit tightening up and real estate values flatlined - where can they turn for relief? Subprime lending is on its ear and we are going to talk about it - and what it means to YOU - on Madison 1670-the Pulse as we simulcast live from Wisconsin. Tune in - and throw your two cents in, too.

Scott Bilker is Back! Been trying to get this busy man - advisor to dozens of finance columnists and media - for months. Scott, author of three books on credit debt, will talk with Bill Quigley about his latest work, his perspective on the dealing with credit card companies, and the new docu-movie, Maxed Out. Check out his info-packed website - www.debtsmart.com - then check in with us for this excellent interview. Don't be late - we're thinking about charging admission next time.

In this last show of our 2007 FSBO Home-Selling series, we tell you where to go(!!) to list your home for sale on the internet for FREE - or nearly free. Grab a pen and paper because we are giving you the names and web addresses and details of several FSBO and non-FSBO sites we've investigated. Chime in to self yourself some search time and some of that hard-earned cash as the FSBO RADIO series rolls to a close, but YHYM marches on.

OK Mr. Seller - know this about your FSBO: If it don't look good from the OUTSIDE, ain't nobody goin' INSIDE/ Period. And when you DO get them INSIDE, do you know what to do? Darren Kittleson does, and as he is Madison's Keller-Williams ace, when he talks, you should listen. He's talking today.

What's your home worth? You have an Appraised Value, a Market Value, and Assessed Value, and a Comparative Market Analysis - and they don't match up at all. Our guest appraiser will explain what the difference is, what he does, and what that means to your wallet. Take notes.

Are you crazy? Would you REALLY waste your time on a home buyer that is neither Pre-Qualified nor Pre-Approved?!? Are you showing your home to Suspects, Prospects, or Convicts? Ask the right questions BEFORE they enter your DOOR. We'll help you - and we'll tell you about the most important date on that Offer to Purchase- and why. The Mortgage Guys from Capital Mortgage Advisors are here to help...

Selling your FSBO? Want a competitive edge? - How about providing a Home Warranty for your Buyer! Karen Starich of First American Home Warranty explains the power and utility of this excellent home-selling tool that will turn Browsers into Buyers quicker than you can say, "The appliances all work - I hope." Get the skinny here.

Selling your home without a Realtor? Just a little confused? Lucky for you real estate attorney Jessica Zerbst is here to set you straight on key points of contracts and closing that FSBO deal. When was the last time you got some great advice from a sharp lawyer for FREE? If you're smart - TODAY!

Darren Kittleson of Keller-Williams knows how to sell homes. He also knows the Wisconsin real estate market. So If YOU want to sell your FSBO, listen to the Best of the Best in this live simulcast interview. Don't miss it.

Over one-third of homes will be sold "By Owner" this year - at least they'll try. One reason for failure - ignorance. You have to know the rules. Ben Smaglick from First American Title knows the rules and will save you lots of aggravation. Listen in...

Choosing a Mortgage Lender: If the first words that come out of your mouth are, "What's Your Interest Rate?" - you're in trouble. If your potential lender ANSWERS that question, you are BOTH in trouble. Listen to find out why...

We'll kick off the new year with the real estate outlook for 2007. What will happen to rates and residential home values here in Madison and across America?

We have some fun (along with Murph) highlighting the significant - at least to us - events and headlines in the 2006 Real Estate World.