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Realty major Parsvnath Developers will invest about Rs 1,500 cr to complete over 30 ongoing real estate projects in the next two and half years. “Out of 193 million sq ft of our real estate land bank, we have put real estate construction of 42 million sq ft, comprising over 30 real estate projects, on fast track. These real estate projects will be delivered in the next 24-30 months,” real estate developers Parsvnath Chairman Pradeep Jain said.

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JPMorgan Chase and Citigroup Inc. announced plans Friday to temporarily halt foreclosures as the government works to finalize the details of a financial rescue package that could include billions of dollars in aid for struggling homeowners.

The announcements come as regulators and lawmakers have stepped up pressure on financial institutions to suspend foreclosures until the plan comes out.

Vikram Pandit, Citi's (C, Fortune 500) chief executive, and Jamie Dimon, JPMorgan's (JPM, Fortune 500) CEO, both indicated their willingness to suspend foreclosures during testimony before Congress Wednesday.

Citi said the moratorium is effective Feb. 12 and will remain in place until March 12, or until the Obama Administration finalizes the details of its loan modification program, whichever comes first, the bank said.

The suspension will apply to home loans on a borrower's principal residence and to loans serviced by Citi in cases where an understanding has been reached with the investor.

In a letter to Rep. Barney Frank, D-Mass., chair of the House Financial Services Committee, Dimon said JPMorgan has initiated a foreclosure moratorium through March 6, which would extend a program the bank announced last year.

"We believe three weeks is adequate time for the Treasury to announce - and for us to implement - a new plan," Dimon said.

Treasury Secretary Tim Geithner on Tuesday outlined the Administration's priorities for the second half of the $700 billion allocated under the Troubled Asset Relief Program, which includes spending $50 billion on foreclosure relief.
If you or someone you know is looking to buy or sell a home in Frisco, Plano, McKinney or any of the communities in Collin and Dallas County, then contact Realtor David Raisey at www.RaiseyRealEstate.com www.RaiseyRealEstate.com

What are real estate professionals saying to homebuyers and sellers about current market conditions? The successful brokers and sales associates are talking about the strengths that exist in the market — not the negative media hype. Below are positive angles that appeared recently in the media and underscore why it is a good time to buy real estate.

Recent Quotes & Excerpts about the Positive Signs in the Real Estate Market:

Financial Analyst Cites Positive Signs in the Housing Market According to Richard Bove of Ladenburg Thalmann, one of the country's veteran financial analysts, there is a positive dynamic taking shape in the current cycle:

· Bove said he expects “housing prices to stabilize and/or rise (in 2009) after a likely boom in mortgage refinancings as rates fall and loan applications increase.”

· Add in the expected massive economic stimulus package being put together on Capitol Hill with the incoming Obama administration – and there's a good chance we're going to see a gradual transformation of the downward cycle into a slow rebound over the coming several quarters.

· Mortgage rates continue to hover at 50-year lows – 5% and even 4 .75 % for 30-year mortgages, and still lower for 15- and 20-year mortgage terms.

· There are signs that housing prices are stabilizing in some parts of the country. The latest monthly Federal Housing Finance Agency index found home prices up by 0.6% in the Mountain states and by 0.2% in New England.

· We're all paying a lot less at the gas pump, and sharply discounted prices for retail goods and autos.

· Americans are actually saving again, the national savings rate took a nearly 3% jump last month. That might sound small, but it's hugely important if it is the start of a trend.

Keep your eyes open for the small positive signs that are accumulating out there … because all down cycles tail off and come to an end. -- “Real Estate Outlook: What's in Store for 2009?,” by Kenneth Harney, Realty Times, Jan. 6, 2009.

Regional Update: Good News from Markets around the Nation San Antonio , Texas Existing home sales should improve in 2009, based on home sale increases during the last month, according to presenters and attendees at the San Antonio Board of Realtors Annual Housing Forecast. “There are people coming out of the woodwork buying housing. We are expecting to exceed our (sales) predictions by 35 percent. I've had to add some contract people to handle the business.” -- Bob Gardner, CEO of a local mortgage company, “S.A. Housing Market Expected to Improve,” by Aïssatou Sidimé, San Antonio Express News, Jan. 7, 2009. Seattle , Wash. House prices showed some buoyancy in Seattle and King County last month, according to the Northwest Multiple Listing Service. The median price for a Seattle house that sold in December was up just over 5% from November and down nearly 4% from December 2007. The price was the highest since July, and the year-to-year drop was the smallest since May -- “Housing Prices Rose Despite Holidays, Snow,” by Aubrey Cohen, Seattle Post-Intelligencer, Jan. 7, 2009. South Bend , Ind. (Agent) Patty Miller says 2009 could be a good year, based on how things have gone so far. “In the last few months, it's really starting to pick up. Our office, itself, has already had five sales just in the last week. Our phones are ringing off the hook and the listings we currently have are getting more showings.” “For first-time buyers it's great right now, there's never been anything better. They have more choices than ever and they can get more house than they could before.” -- Tara Lochmandy, a local agent, “Realtors see Positive 2009,” FOX 28.com, Jan. 6, 2009. Santa Clara County , Calif. Home sales in Santa Clara County were up 14% in November from the same month a year before. Real estate and mortgage professionals say most buyers now in Santa Clara County are first-timers drawn to the market by lower home prices and falling interest rates. Investors and first-time buyers alike seek bargains on homes repossessed by banks. “Literally everything is going for over the price that it's listed. Everyone's scrambling right now for a house under $400,000. It's the hottest market.” -- Jackie Buttice, a potential home buyer, “Home Sales are Up but Prices are Falling; Who's Buying Houses?,” by Sue McAllister, San Jose Mercury News, Jan. 5, 2009. New Jersey For all the consternation by New Jersey home sellers about the sorry state of the housing industry, there are plenty of savvy first-time buyers who know a good value when they see one. “The next 12 months continue to be the best time to make a home purchase in a long time.” -- Jeffrey Otteau, president of a market research and appraisal firm, “N.J. Housing Market Slide Provides Opportunity for First-Time Buyers,” by Joseph R. Perone, Star-Ledger, Jan. 3, 2009.
 
If you or someone you know is looking to buy or sell a home in Frisco, Plano, McKinney or any of the communities in Collin and Dallas County, then contact Realtor David Raisey at www.RaiseyRealEstate.com

This number belongs to Glenda Chapman of Petroleum Land Service in Greeneville, Texas she has posted all my private numbers including a photo out of hate! We know it is out of hate because my entire family has requested she remove all information in which she (Glenda Chapman) (Glenda Cason) same individual  YELLED NO SHE WOULD NOT! She had an affair with my former fiancee and is now married to him, I say GOOD for her! SO the QUESTION of the DAY is does ANYBODY in the PUBLIC TRULY WANT TO DO BUISNESS WITH SUCH AN INDIVIDUAL??????????????????????

ALL phone numbers relating to her are 214-797-9067, 214-628-1740 and 903-883-0596 these are all posted on her BUSINESS WEBSITE.

AGAIN, IS THE TYPE OF PERSON YOU WANT TO DO BUSINESS WITH!

Remember, she posted my picture and all my numbers at 3:00 in the morning and she is the principal of the company!  WOULD ANYONE WANT TO BUSINESS WITH SUCH a PERSON???

It is amazing the light that declassified documents bring to move back the darkness of lies.

I was reading an essay by Ted Belman of Israpundit in which he utilizes sources that have examined declassified documents from the UK which demonstrate the Israeli modern heritage that began in 1948 is being compromised by the West (especially America) to the undeserving favor of Arabs that call themselves Palestinians.

In essence every point the Western supported Islamofascist thugocracy terrorist government syndicate known as the Palestine Authority is based on a lie.

I feel in my heart (because I have no proof that I know to access) that the West is turning anti-Israel (and in some cases anti-Semitic) and pro-Palestinian Authority because of the enormous influence that Islamic nations with oil now hold over the West. It is an influence based on economics, which in stable political times is a greater weapon than a military arsenal.

Before World War II there is no way the Western Nations would allow third rate medieval governed nations to pull the purse strings of power. The Europeans especially would have sent there various national military armada and demand this is how it is going to work to keep the Western economies moving.

Leftists and third rate nations call this imperialism; I call it protecting the National Interests and National Security of the constituent populations which the Western governments represent.

The modern West views using force or war as a political weapon as repugnant because of the weariness of nearly a century plus of internecine wars in the West; thus when the National Interests (the secure well-being and domestic prosperity) of its citizens are threatened by medieval notions Dar al-Islam and Sharia Law the West looks the other way and makes self-loathing excuses for the brutality and designs of oil empowered Islamic Culture.

Once powerful nations of Western Europe are beginning to feel the squeeze of Islamic Culture sucking the life force of Western Culture from it soul.

America is in the early stages of this Islamic Culture sucking. Europe is often called Eurabia today. Will there be a time when America’s heritage of Christian influence, Liberty, Freedom, Domestic Tranquility, the Pursuit of Happiness and so forth will nullified by a term such as Amerarabia?

JRH