A new survey by Coldwell Banker finds that 87 percent of first-time homebuyers who purchased their home within the past year preferred a move-in ready home to one that would require some work. A home’s location to area amenities was also important to first-time buyers. Nearly four out of five buyers (78 percent) say it [...]
Archive | February, 2011
View From the Top, Pt. II “I can see my bank from here!”
Obama’s at it again—micro-managing from the top. When the HAMP (Housing Affordable Modification Program) was launched, it was thought that 3 million homeowners would take advantage of it, get themselves into lower-interest loans, and stem the tide of foreclosures. But the designers of the program found—as happens in all attempts at centralized planning—that they hadn’t [...]
Secrets to Selling Distressed Properties – Texas
Now with more foreclosures on the market than ever in Texas, the FHA 203k Rehab loan is starting to make a comeback. Instead of stressing over trying to get the seller to do repairs market your listings “as is” and suggest the buyer use a lender who can not only offer them a way to purchase the home but also a way to finance any mandatory or desired repairs? You move the inventory you have listed and the buyer gets a great house, customized to their individual wants and needs and will often times will find themselves in a nice equity position. Buyers really like this approach vs letting the seller do a quick fix repair job to get the house sold.
7 Years, Lawyers & 3 Lender Tall Tales
It took 7 years, a foreclosure attorney AND interest from the United States Trustee, the unit of the Justice Department that oversees the nation’s bankruptcy courts, to get an answer for a woman trying to do the right thing.
How Inland Empire Teachers Can Qualify For The CalSTRS Loan
The CalSTRS 80/17 loan program is designed specifically for eligible employees and members within the California public school districts and community colleges. Inland Empire home buyers who meet this specialty loan program guidelines, will have an additional option in their choice of home loan financing. Not only are school district and community college employees eligible, but the [...]
Agents’ Duties to Consumer in Ontario
Liability of Real Estate Agents under Consumer Protection Act False and Misleading Statements ~ Agents Ontario Real Estate Source By Brian Madigan LL.B. We are all aware that sales agents like to pump their products, merchandise and services. That has been going on for years and the public who be naïve to think that there [...]
The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
The Lones Group, a Real Estate Marketing and Social Media company, has filed a lawsuit against Real Estate Agent and Blogger, Daniel Rothamel and his brokerage, Strong Team Realtors, Inc, for using the word “Zebra” in his blog.
Mortgage Fraud Continues
Given the attention focused on mortgage approval, underwriting and appraisals, how in God’s name can mortgage fraud continue? I really don’t even see a slowdown….
Facts about Mortgage Debt Forgiveness
Don’t know what the Mortgage Debt Forgiveness Act is? This is taken directly from the IRS code and should enlighten you as to some of the simple facts of the Act.
Significant Changes in Use by Landlord
What if the Landlord Changes the Use? What if the Landlord Changes the Use? Ontario Real Estate Source By Brian Madigan LL.B. Let’s assume that the Landlord leases a convenience store to a tenant. Three months later the Landlord leases space nearby space in the same plaza to a strip club. Traffic to the plaza drops [...]
FHA Mortgage Insurance Premium for Santa Clara County Home Loans are Going Up
The FHA has now increased the Annual Mortgage Insurance Premium on standard Santa Clara County FHA loan programs. The first increase was in October 2010 and now for the second time the premium increased within a period of six months. Some of the changes effective from April 18th 2011 are provided below. 1. There will [...]
FHA Announces Fee Hike-FHA Home Loans Eugene Springfield Lane County Oregon
FHA Home Loans Eugene Springfield Lane County Oregon FHA Commissioner David Stevens announced yesterday a new premium structure for FHA home loans. The FHA will increase its annual mortgage insurance premium (MIP) by .25 on all 30 and 15 year FHA home loans. The new fee will impact new FHA home loans starting on April [...]
The Rules Change for Common Law Spouses in Ontario
Investment Properties at Risk to Common Law Spouses Ontario Real Estate Source By Brian Madigan LL.B. By Brian Madigan LL.B. The Supreme Court of Canada just changed the rules on 19 February 2011. Periodically, the Court will conclude that existing laws are out of date with reality. The Court brought the division of property [...]
Providing the Solicitor with a Copy of the Agreement
Providing the Solicitor with a Copy of the Agreement Ontario Real Estate Source By Brian Madigan LL.B. The procedures that are to be followed are not entirely clear, however, this is an area where it’s easy to make a mistake. First, there are three (3) requisition dates in the standard form agreement of purchase and [...]
The Importance of Maintaining Your RE Business’ Online Reputation
Real estate agents should learn the benefits of online reputation management. Reputation management could mean the difference between getting a new client or not.
5 Hot Celeb-Worthy Homes in Scottsdale, AZ
Looking for a celeb-worthy home? Then go where the celebrities go – Scottsdale, Arizona. Over the last decade or so, Scottsdale has emerged from the Sonoran Desert as the posh celebrity go-to spot. No wonder. From luxurious shopping, to legendary dining and nightlife, exquisite spas and an assortment of world-class golf courses, Scottsdale has everything [...]
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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