There are signs of hope in the American economy in 2012 so far – unemployment is down and the economy is still growing, to name two – but in terms of the domestic real estate market, foreclosures are still having an impact on housing prices. Data released recently indicate that the sale of foreclosure listings [...]
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Paying the Credit Card Before the Mortgage
The Atlanta Journal Constitution reports that a new trend is apparent; homeowners are paying the credit card before the mortgage. Historically, Americans protected their house payment and were more apt to be delinquent on credit card payments, said Charlie Wise, the company’s director of research and consulting. But crashing home values and desperation have caused that [...]
Bank of America Listens to Debit Card Fees Outcry, but Ignores Foreclosures
It is undeniable that social media has made it much easier for people to bind together toward a common cause. Occupy Wall Street protestors have utilized social media to gather people in various cities across the country, many of which are protesting foreclosures and occupying abandoned buildings. Recently, Bank of America (which has been a [...]
Real Estate Losses Surpass the Great Depression – And Why the News Isn’t All Bad
It’s official: real estate markets nationwide have lost more over the last few years than they did during the Great Depression. Specifically, from 2006 to the first quarter of 2011, nationwide real estate markets have lost roughly 33% in value, compared to the 31% in value lost from 1929 to 1933. And the worse news: [...]
Your Rights Under the Federal Fair Credit Reporting Act
When you review your credit report, or just begin to investigate your credit status, keep in mind that federal law provides you with a set of rights to aid in your task of gauging your credit rating.
How Your Credit Score Can Impact Your Mortgage Loan
Have you been turned down for a loan recently becuase you have a FICO under 640? Well good news, you may now qualify for an FHA loan even if your FICO score is 600. This means that if you meet the requirements you may purchase a “move-in ready” home using an FHA loan with a middle credit score of at least 600.
The Boondoggle that is HAMP – thanks for the help DC
The beat goes on….all of the “special committees”, the federal involvement in FNMA, the “investigations” and “inquiries” into fraud and time bomb loans… and the hundreds of millions of dollars (or billions by now)….and what to show for it? Abysmal performance of Home Affordable Modification Program (HAMP) and a combative stance that essentially mandates struggling owners to destroy their credit before a lender will speak to them.
Is Owning a Home Still the American Dream?
When I think of the American Dream’s beginning it was in the ‘50s, right after WWII, when everyone wanted to “own” a home. At that time, homeownership meant a 50 percent down payment and a maximum 15-year note. It was an accomplishment to own a home, a matter of pride and the ultimate indicator of success. In the 2000s the American Dream morphed into perversion. Homeownership became a right rather than a result of hard work and a long period of self-denial as one saved the 50 percent down payment.
When Can I Buy A Home After A Short Sale-Foreclosure-Bankruptcy?
Purchasing a home for Inland Empire residents after a bankruptcy, foreclosure or short sale can be a very frustrating. Most people do not even know how long one must wait before entering the housing market. Documentation is the key to avoiding a frustrating experience for the first time home buyer or even the season home owner. [...]
Purchasing a Home with a 620 FICO Score
Credit reports are still key for lenders to determine a buyers ability to repay a mortgage loan. Having credit scores in the 700 range and open tradelines is ideal.
Is Cash Really King? Should You Buy with Cash?
Should you pay cash for a home? The rates are great but the application pricess and underwriting is combative and brutal. Many buyers feel like they are being turned upside down and shaken to see what falls out of their pockets. Buyers with cash are often avoiding mortgages for the purchase of a home, buying with cash and refinancing later as/if needed.
Five Signs You may be Ready to Purchase your First Home
For many individuals, the idea of purchasing a home is a bit of a scary prospect. However, with the right tools and plenty of knowledge, you can move forward and become a homeowner.
Don’t Ignore Your Credit Score
By Tim Ryan Naples homes for sale When you start to look for a home for your family there are a lot of things that you need to consider. Some things to think about may include such things as where you would like to live, and kind of a home you would like to live [...]
Using the FHA 203K Streamline Mortgage to Finance your Dayton Ohio Home
Utilizing the FHA 203K Streamline mortgage a Dayton Ohio home buyer can obtain a mortgage with a minimal down payment and up to $35,000 thousand dollars in rehab and or repair expenses. With so many Dayton Ohio bank owned properties (aka REO’s) available makes an excellent opportunity to not only get a fantastic price on a home but update it how you would like creating lots of equity. Visit http://www.greggreenwald.com for more information about the Dayton FHA 203K Streamline mortgage.
An Advanced Understanding of the Dayton Ohio Foreclosure and Short Sale Process
The Dayton Ohio Foreclosure and Short Sale Process can often be confusing and hard to understand. This article is intended to offer an in debth understanding of how Short Sale and Foreclosure process works in the Dayton, Montgomery and Miami county Ohio area however much of it is applicible throughout the country. If you or someone you know in the Dayton Ohio area is behind or about to be behind on mortgage payments it is important you know all your options before rushing to a decision. More articles on the topic can be found at http://www.GregGreenwald.com
USDA Loan Program Credit Score Optimization Tips
Credit Score Optimization Tips for the USDA Loan Program With lender’s continuing to tighten their guidelines, it is more important than ever to know how to optimize your credit score for getting a USDA Loan here in Arizona. There are five components that make up your credit score, let’s take a look at them really [...]
New Consumer Protection Bureau to be launched
Congress signed into law this past July a new consumer protection bureau and President Obama has named Elizabeth Warren to be the advisor of this new department to help crack down on mortgage fees, credit card, banking fees and many other unfair lending practices. The program will take up to 10 months to implement but [...]
Credit Reports How To Obtain FREE Credit Reports
Credit score is critical no matter what we will do in life, job applicant, insurance (car or homeowners), Dallas houses for rent, Dallas homes for sale. If your scores are below 630 most likely you won’t receive a mortgage OR double deposits in rent(s), higher interest rates purchasing a car.
Credit Card Debt what to do when you lose your job can you still apply for a loan modification?
Applying for the government loan modification foreclosure prevention plan if you are unemployed.
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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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Rob@Jupiter Real Estate: In Florida we have many condos located on oceanfro...
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Larry: It should almost be a necessity to have a swimming...
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New Media 4 Agents: I think we are past the stage of wondering if it w...
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Jim Wagoner: Good information we all should try to live by....
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Mike Pannell: Tony, i tried to sign my Wife up on your property ...
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