FDIC's $250,000 Deposit Insurance . . . YEAH RIGHT!! (LIMITED TIME OFFER)

This is a DID YOU KNOW blog.

Did you know that the insurance coverage offered through the FDIC, which raises the limits of deposit FROM $100,000 to $250,000 is LIMITED!

At the END OF THIS YEAR -- Dec. 31, 2009 -- this will END.

Beginning January 1, 2010 the limit of insurance coverage DROPS back down to $100,000!

While I knew of the bumped up coverage levels, I only realized this was a limited time deal.

Better think and plan AHEAD FOLKS. You don't want to think you have this coverage infinitely

Act accordingly!!

From the site itself, and I quote: "* On January 1, 2010, the standard coverage limit will return to $100,000 for all deposit categories except IRAs and Certain Retirement Accounts, which will continue to be insured up to $250,000 per owner."

http://www.fdic.gov/news/news/financial/2008/fil08102a.html

And all the King's Horses and all the King's Men . . . just forget to include that little 'oh by the way' . . . it's only good through the year's end caveat.

Carla Muss-Jacobs

Carla Muss-Jacobs, ABR, CEBA, e-Pro, Broker/Owner of EBA Portland, LLC. an EXCLUSIVE BUYER AGENCY located in Portland, Oregon. She practices the "true" form of buyer agency: 100% buyer representation, 100% of the time.

WHY? Buyers have been underrepresented in the market. Listing agents represent the Sellers ... not the Buyers. Whatever a buyer says to the listing agent (at an open house, calling on a For Sale sign) may actually hinder the buyer in further negotiations.

Buyers have "emotions" with a home purchase. "You find the house you love ... I'll do the rest," focusing on the true bottom line in real estate: the legal aspects of contracts, the material and substantive issues involved in a home purchase.

Carla has a B.S. in Social Science, over 15 years in the legal industry as a legal assistant/paralegal. She is a Certified Legal Secretary (1987) through the Beverly Hills Bar Association.

Carla is an Accredited Buyers Agent and e-Pro (through the National Association of Realtors®), and a Certified Exclusive Buyers' Agent (through NAEBA, the National Assoc. of Exclusive Buyer Agents, a non-profit established to assist BUYERS!)

An EBA by choice, she knows both sides of the transaction, and is happy to answer general real estate questions with knowledge of the ever-changing markets. (Licensed in Oregon).

EBA Portland

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