As most of us are already aware, the credit industry has been dealt a series of blows over the past two years, which has left many banks gun shy when it comes to lending money to borrowers with anything but perfect credit and credentials. Your professional REALTOR has helped you find your dreamhome and you [...]
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A Graphic View of Mortgage Rates Over the Years
Sometimes a picture is worth a thousand words…we’re all used to hearing about “historically low rates” but what does that mean to a generation of folks that don’t really understand where rates were in the past? Even for folks that have been around, have past rates been completely forgotten about? Here are two charts that [...]
How to Stop the Drop in Home Values
The challenges facing this economy are diverse, complicated and enduring. Over the last several years and two administrations, the bleeding has continued unabated. Despite billions of dollars tossed at the problem, schemes to increase employment and opinions from economic experts on how to dig out, the country remains mired in the economic mud. A critical component [...]
How do I short sale my house in Maricopa Arizona
How do I short sale my house in Maricopa Arizona I get asked this question daily it seems like in Maricopa Arizona. The answer is complex, as I want you to stay in your home if possible. If you have not missed any mortgage payments I would recommend that you see if you can do [...]
How Do You Feel About This New Bill?
On October 20, Senators Charles Schumer and Mike Lee introduced a bill that would give automatic tourist Visas to foreign home buyers who pay cash for at least $500,000 in U.S. real estate and agree to spend at least 6 months per year in the U.S. $250,000 of that would have to be for a [...]
Mortgage Rates Stay At All-Time Low, Spur Interest in Refinance Proposal
Those in the real estate world have been paying attention over the past few weeks to the basement-level state of mortgage rates, which hit a historic low earlier this month. While they are currently above that mark of 3.94%, they are still not far above the previously-unheard of mark of 4%, standing firm at 4.11% [...]
Refinancing My VA Loan With the IRRRL Program
In some states refinancing with the IRRRL – Interest Rate Reduction Refinancing Loan – loan program is not much of an option – states like Arizona, California, Nevada, Florida, and Texas. These states have seen an incredible and sustained decline in property values such that it is very hard to take advantage of this very [...]
Mortgage Rates Remain Low as ARMs Rise
Mortgage rates across the country for most loan types continue to remain near historic lows as the Federal Reserve attempts to keep them low and spur the flagging housing market into action. Today, the average interest rate for a 30-year fixed-rate mortgage is 4.01% across the nation, the lowest mark the market has ever seen. [...]
Mortgage Drama: Banks are Hit Hard
It seems like there is always some type of drama in the mortgage industry nowadays. From the Federal Housing Finance Agency suing 17 banks to high foreclosure inventories and robo-signing, drama is still definitely surrounding the real estate market. Originally, it was estimated that banks would suffer losses totaling somewhere between $54 billion and $106 [...]
Her Bank Got Enough Help When It Was in Trouble. She Didn’t.
“Mimi Pierre Johnson and her husband bought their four-bedroom home in Elmont, on Long Island, for $413,000 in 2005. Then the recession blew in. Her husband lost his construction job, her real estate work slowed and their boiler wheezed and died. Their once-reasonable mortgage resembled a forbidding mountain. She dialed her bank, JPMorgan Chase, seeking [...]
Help the Housing Market – Increase Foreclosures!
It’s refreshing to see an article in CNN Money reiterating what many of us in the real estate industry have known for years; that the foreclosure abatementprocess is simply delaying the inevitable. Many of the homes in the foreclosure process will never be recovered, it’s much better to foreclose and get on with the next [...]
Fed Sponsored Refi’s – Spend, Don’t Save the Difference!
As the economy continues to free fall like a stone approaching terminal velocity, the administration continues to try and pop ‘chutes to slow the decent. It’s no secret that real estate is a vital cog in any recovery, arguably the most vital as it impacts both personal and commercial/industrial wallets. Distressed home inventory remains high [...]
$700,000 VA Loan Limit in Orange County, CA Remains through December 2011
The 100% VA financing loan limit in Orange County, CA has been $700,000 since January 1, 2011. While Conforming and FHA loan limits will be dropping from $729,750 down to $625,500, the high VA loan limit will remain in place for the last three months of 2011. If what is happening with Conventional and FHA [...]
203K | Homepath Renovation Contractor Selection
How Do I Choose My 203K or HomePath Renovation Mortgage Contractor FHA 203K | HomePath Renovation – Contractor Selection Want a successful FHA 203K or HomePath Renovation? You need to select the right contractor. Contractor selection is YOUR choice. It is VITAL. YOU need to do the research, YOU need to make the calls, YOU [...]
Is the Massive Shadow Inventory Actually Shrinking?
Shadow inventory – the collection of homes that are either in the foreclosure process but haven’t been sold yet, or are being kept off the market because of low prices and market uncertainty – has grown tremendously over the past five years. While foreclosures have broken records – with over one million foreclosures in 2010 [...]
Appraisal Issues? Blame Washington
Once again appraisers are in the cross hairs, the incessant screaming is that we’re “killing deals” and hampering any real estate recovery chatter is heating up. Low appraisals, incorrect appraisals or appraisers not being familiar with the area in which they work are the topics of conversation around the real estate water coolers. Most of [...]
7 Reasons To Refinance Your VA Loan With A Streamline Refinance
Congratulations to you if you are a Vet and you took advantage of your VA benefit to get a VA loan to buy your house. Also, thanks for your military service for our great country. Your VA loan brings with it some excellent benefits like no down payment and no monthly mortgage insurance. But now [...]
White Picket Fence? Nope. More Calls to End the Mortgage Deduction
Once again, the cries to end the mortgage interest deduction for homeowner’s are banging around the halls of the capital. As usual, this latest dust up has more to do with social engineering and class warfare than logic. Is the goal really to have a society where everything is entirely equitable? I’ve been around a [...]
Want a Great Deal on a Home? Look to Freddie and Fannie Foreclosures
It is not news that lenders are feeling the stress of the high foreclosure market. Many homes are becoming abandoned and therefore lenders are attempting to sell their foreclosure properties as soon as possible to decrease their liability. Bank of America has even taken to demolishing houses to help prevent the possibility of abandoned homes [...]
Phoenix Home Buyer Foundation Program
PHOENIX HOME BUYER FOUNDATION PROGRAM Helping families rebuild the foundation after suffering from a foreclosure or short sale. What is Phoenix Home Buyer Foundation Program? Phoenix Home Buyer Foundation Program was founded on the idea to assist people in purchasing a home again and help stabilize home prices in the Phoenix community at the same [...]
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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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Stage Your Front Entrance to Make a Good First Impression
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Case Study: Facebook Ad CTR Jumps by 2000%
- HARP Refinance – Obama Program to Help Underwater Owners
- Remodeling Outlook Positive for 2012
- Real Estate Performance in Toronto for January 2012
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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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