Elliott & Company Appraisers


APRIL 2004	A Publication of ELLIOTT® & Company Appraisers



Minority Homeownership Passes 50% Mark

For the first time in history, more than half of the minority households in the United States own their own homes. Minority homeownership passed the critical 50% mark in the fourth quarter of 2003 when it reached 50.6%. “This administration is committed to helping all Americans address this (downpayment) barrier to homeownership, including minority families who have been shut out of homeownership opportunities in the past,” said Federal Housing Commissioner John Weicher. “There are now 14,852,000 minority homeowners.” Weicher made these comments and quoted these figures while testifying before the House Subcommittee on Housing and Community Opportunity. During his testimony, he endorsed the Zero Down Payment Initiative that the Bush administration has proposed. “Under this new program, the Federal Housing Administration will insure 100% of the cost to acquire the home for the first-time homebuyers, allowing them to finance the full purchase price as well as all of the closing costs,” Weicher explained. About two years ago, President Bush announced that his administration had set a goal of creating 5.5 million new homeowners by the end of the decade. “The Zero Down Payment Program would move the nation significantly closer toward this goal,” Weicher said.

ELLIOTT® Adds American Express To Credit Card List

Effective immediately, participating ELLIOTT® & Company Appraisers offices will begin to accept American Express cards in addition to those offered by Visa and Master Card. Credit card payments for orders are accepted via fax upon acceptance of the order or upon inspection of the property.

The company does not issue a service charge for transactions involving credit cards.

Quotes of Wisdom and Wit

“Most of us ask for advice when we know the answer but we want a different one.” – Ivern Ball

“An advertising agency is 85 percent confusion and 15 percent commission.” – Fred Allen

“An entrepreneur tends to bite off a little more than he can chew, hoping he’ll quickly learn how to chew it.”
– Roy Ash

“The best way to avoid responsibility is to say, ‘I’ve got responsibilities.’”
– Richard Bach

“An error doesn’t become a mistake until you refuse to correct it.” – Orlando Battista

“Big egos are big shields for lots of empty space.” – Diana Black




Contact Us
Newsletter Editor: kevin@elliottco.com	Web Site: www.appraisalsanywhere.com

ELLIOTT® & Company Appraisers currently offers appraisal service throughout all 50 of the United States. Clients are encouraged to place orders directly to any office local to properties to be appraised or to the central office for assignment.

Orders may be placed via telephone, fax or through the company's Web site. All Internet orders will be processed through the central office.

Some Offices Are Independently Owned and Operated

3316-A Battleground Avenue
Greensboro, NC 27410