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March 2008

All-New Penn Estates Community Website

Penn Estates Property Owners' Association just rolled out their new community website. It is very pretty & functional and includes A TON of information - photos, events calendar, etc.

Check it out HERE and see all the great things we are up to and why we think it is a great place to live!


PS: And now that you are convinced, check out the wide variety of homes and lots available for sale HERE :)

Clinton Visits Stroudsburg High School

I guess we Mounties are officially on the map! March_08_003

Former President William Jefferson Clinton came to Stroudsburg last night to campaign for his wife Hillary who is seeking the Democratic Nomination for President. The Primary Election is on April 22.

(Do you know where to vote? Monroe County Polling Places)

The crowd was large despite the nasty, rainy weather. People started lining up at around 3:30pm and they started letting people in around 5 o'clock. There was a great representative mix of people there, including teachers and other school staff, veterans, and a variety of adults and children. I was especially pleased to see a good number of young people...the not-quite-old-enough-to-vote set...there to see democracy in action. Teenagers, like my daughters, who are learning about government and politics in school and have an interest in experiencing it first hand. It was very exciting for them, especially, to see a President in person!

March_08_012President Clinton, who was given a hearty welcome and introduction by Congressman Paul Kanjorski, began his speech around 7:30 and spoke for almost an hour.

This visit topped off a long day of campaigning in Pennsylvania, which included stops in the Lehigh Valley and Wilkes Barre.

Were you there? Please click on the 'comment' button below and share your impressions with all of us!

Or, test your knowledge of other Presidential visits to the Pocono Mountains.

FHA Loan Limits Increased

This is good news for homeowners who are in trouble because of an adjusting ARM or other sub-prime mortgage, and could help them avoid foreclosure.

It is also a boon to many home buyers who now have a larger selection of homes because of the higher loan limits.

FHA is an affordable alternative for those borrowers who do not qualify for regular conventional programs, without exposing them to the risks involved in the creative financing that created the problems we hear so much about these days.

Here in Monroe County, the limit for a single family home is raised to $271,050, well above the average sale price here. In Carbon, Northampton & Lehigh, the limit is $402,500, and in Pike County, $729,750. There are higher loan limits available for multi-unit properties.

These new loan limits expire at the end of 2008 so there is some incentive for owners and potential buyers to complete their transactions this year as the limits could revert to the 'old' limits of $200,160 in Monroe County, $305,666 in Carbon, Northampton & Lehigh, and $362,790 in Pike.

Need a recommendation for a local FHA loan expert? Click here.
For more info on the changes, read the HUD announcement.
For info on FHA loan limits in other areas, search here.