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Source: www.moreover.com --- 1 day ago
By CHICAGO - The National Association of REALTORS and the Department of Housing and Urban Development have launched a Federal Housing Administration tool kit. ... Source: www.detnews.com --- 17 hours ago
I've received two mailings in the past week from a political action committee that wants very much for U.S. Rep. Joe Knollenberg to keep his job. ...
Source: trends.move.com --- 1 day ago
REALTORS® react to the signing of the bailout bill with skepticism on REALTOR.com’s “Let’s Talk Real Estate” blog. Could the $700 Billion Bailout = No Change in the Housing Market? by Ki Gray “The general arguments concerning the bailout have gone something along the lines of: The taxpayers should not have to foot a 700 billion [...] ...
Source: www.searchlightcrusade.net --- 18 hours ago
That was a question I got. The answer is that it shouldn't make a difference, but it does. You see, lenders who work in markets that are less than A paper perform qualification calculations based upon the initial payment, at least until some pending regulations take effect. Furthermore, I'm about 180 degrees from convinced that it's really helping anyone . Here's how it works and why it works. Less than A paper lenders currently perform their calculations as to whether or not a specific borrower qualifies based only upon the initial payment. Let's say the loan contemplated is an interest only 2/28 at a teaser rate of 6% that's going to jump to 8% in two years when it starts amortizing (even if the underlying index stays exactly where it is), and the loan amount contemplated is $250,000. This makes for a monthly payment of $1250. Because this fits within the guideline Debt to Income Ratio guidelines, usually 50% for sub-prime, they can qualify and get the loan approved. But in two years when the loan adjusts and starts to amortize, the payment jumps to $1866.90. This is not certain, but it's far from the worst case possible. It is what will happen if the financial indexes don't change, and so a good default guess, as nobody knows where the indexes will be in two years. If you know where the indexes will be in two years, please call me. With that knowledge and mine, we can make enough money for our grandchildren to retire on. Guaranteed. ... Source: www.kycases.com --- 1 day ago
DUTSCHKE V. JIM RUSSELL REALTORS, INC. ARBITRATION: Separation doctrine on fraud and enforceability of mandatory arbitration clause in contract; arbitration clause does not violate jural rights doctrine which does not apply to arbitration clauses; and clause does not violate right to jury trial 2007-CA-001146 PUBLISHED: AFFIRMING PANEL: HENRY PRESIDING; KELLER CONCURS; COMBS CONCURS IN RESULT FILING SEP. OP. JEFFERSON COUNTY DATE RENDERED: 8/1/2008 The Dutschke's appeal from the dismissal of their claims against the realtor in a dispute concerning the Dutschkes’ purchase of a residence from Fred Faust, deceased. The real estate purchase contract contained an arbitration clause, which the circuit court determined was enforceable. The Dutschkes allege that the underlying contract was a product of fraud, and that to the extent that the Kentucky Uniform Arbitration Act contained in KRS Chapter 417 (KUAA) compels arbitration under such circumstances, the Act is unconstitutional under the jural rights doctrine, the right... ... Source: kenmore.neighborhoodsundressed.com --- 12 hours ago
Ouch! Being curious can be very interesting but it can also hurt my brain. At the beginning of each month I like to ponder local real estate statistics. Because my practice focuses on North King and South Snohomish Counties, I spend time thin-slicing some of the general numbers to try and find out what’s really [...] ... Source: www.wlwt.com --- 1 day ago
Tri-State REALTORS say that despite the gloomy economic atmosphere, now is the time to buy when it comes to getting a new home. ... Source: latimesblogs.latimes.com --- 4 hours ago
The lull continues: Median listing prices in Los Angeles County were flat for the fifth week in a row, and inventory of for-sale homes and condos dipped slightly, according to Housing Tracker's weekly analysis of MLS listings. Numbers: Median listing price is unchanged at $399,000, a drop of 22.5% over the past year, and inventory dips 400 units to 40,137, a decline of 13.2% over the past year. Two cents: The trend that most likely explains flat pricing in a declining market: The flood of cheap foreclosed houses coming onto the market has slowed dramatically, according to several REALTORS who specialize in selling bank-owned houses. One possible factor is a new state law that draws out the foreclosure process, but it's not clear that the delays from that law have yet hit the market. Expect more slowdowns for several reasons, including Countrywide's partial foreclosure freeze as part of a larger loan workout program and IndyMac's new workout efforts. Alternatively, you could argue that flat pricing means the market is no longer declining, though I don't yet buy that argument. Those would be your two cents, not mine. Date Median listing price Inventory 4/06 $579,666 27,251 4/07 $545,000 35,489 5/07 $545,000 38,297 6/07 $540,000 ...
Source: activerain.com --- 5 hours ago
Searching for Real Estate has a lot of options. There are some companies that would have you pay for Foreclosure Listings. Just Plain Crazy - go to http://Morethanforeclosures.com and I can pull a search for you that is FREE and with no obligation. The Reason in this title I state Beyond - go to http://HomeValue911.com and see how expansive our base is - Foreclosures - Distressed from Four Different Boards of REALTORS. Finally - The http://ListingBook911.com , look for homes as we do. ... Source: activerain.com --- 14 hours ago
REALTORS call: (800) 900-2807 for Exclusive Home Buyer leads for California. Or go to www.eLeadMarketing.com . Check out our newest blog post at our WannaNetwork Blog! We explain how people are moving back to California and how to you monopolize on this! People are definitely moving back to California as homes prices are dropping anywhere from 10% up to 70% in some areas. Learn how to increase your business by working with real home buyers! (800) 900-2807 or www.eLeadMarketing.com ...
Source: activerain.com --- 4 hours ago
J ust like these buzzards circling the scent of their next meal, many REALTORS are circling FSBOs too! There is another way to work with "For Sale By Owners" that I promote from what my colleagues are doing in other markets too. Instead of asking for their listing, ask if you can help them by getting all of their prospects pre-approved before allowing prospects to see their house! Mention to your FSBOs that your favorite Mortgage Advisor (me, I hope!) just did another study of his prospects and year-to-date, he had the following results. Out of 509 applications taken in this market Jan-Oct, 48% for the borrowers had a credit score lower than to 580 meaning they cannot get a loan right now. 15% were in the grey area between 580 and 619 meaning they might be able to get a loan if they have good compensating factors and if they can pay off their collections, charge-offs and judgments. But only 37% had a 620 credit score or higher meaning they have a shot at getting approved. For this 37% of home shoppers in our market, less than half have any money for the down payment and closing costs and of those, many do not have an urgent need or strong desire to buy. Also, many have contingencies too. Based on this, only around 1 out of 10 prospects are really a "qualified" buyer. In other words, the FSBO is going to be wasting a whole lot of time with people who will not be buying their home. So, work up a flyer with your con ... Source: mrmortgage.ml-implode.com --- 13 hours ago
Mr Mortgage Recent Posts Wells Fargo Absolutely Did Subprime, Stated, Interest Only, No Ratio Etc (55) Posted on October 3, 2008 3:59 PM Bank’s Bad Math - Home Price Indexing Responsible (17) Posted on September 30, 2008 8:23 PM CA Association of REALTORS Needs a Math Class…Perhaps Ethics as Well (33) Posted on September 29, 2008 1:46 AM [...] ... Source: wdef.com --- 18 hours ago
REALTORS say local market didn't get the brunt of the mortgage meltdown. read more ... Source: medinareport.com --- 2 hours ago
If you’re looking for homes for sale in Foxberry Farms, like the Wild Meadows home search mentioned here, I have set up a free subscription service so you can get access to the listings as soon as REALTORS do. This is helpful particularly if you want to stay on top of the market for this [...] ... Find more results for REALTORS on RSSMicro.com |
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When it comes to buying a home or investing in real estate, there are two matters to always consider. The price of Real Estate versus the price of money . In the last couple weeks, interest rates and long-term mortgage rates have risen. 30-year Fixed mortgage rates have risen above the the 6% level a few weeks ago. Wall Street thinks the FED is done cutting rates for the time being as a result of inflation fears, the election outcome and to see how the Housing Rescue bill will take effect. why is this important when it comes to buying real estate ? On one hand, as Lewis Corcoran , a very talented mortgage broker points out , "We can never expect people to buy homes simply because, as the National Association of REALTORS keeps saying and has been saying for 2 years now: "now is a great time to buy a home." as we do not know for sure when and where the bottom will be found. However, one must also take into consideration that if the experts are correct and interest rates do continue to rise into 2009, then, ... No matter how you cut it, even if home price remain level or even decline slightly, the actual cost of the home is rising. (Please see Home Prices down Price you pay is Up ) Again, how you finance your home can be as important as the price you pay. The price of money is steadily rising. If we have hit a bottom in real estate prices, then the cost of your home is going up. Period! If you are in the market to buy and believe that ...
A quick post for my fellow real estate professionals in Arizona ; as well as home buyers and home sellers who may be in escrow and should be aware of the AAR (AZ Association of REALTORS) legal opinion on... ‘Appraisal Contingency' and how it affects buyer & seller rights , time frames and earnest monies. Please note, this opinion pertains only to the AAR Purchase Contract used in Arizona . Neither the AAR or myslef is offering any opinion in other states. However, I encourage all Real Estate Agents and Brokers to examine rules in their respective states. In the past there has been some confusion on whether or not, according to AAR Purchase Contract ..... as it pertains to cash buyers , Can Cash Buyers ** cancel a contract if the home fails to appraise for the purchase price anytime during the escrow period?? In essence, does the appraisal for sales price contingency runs the life of the contract?? According to the newsletter this month from AAR, This is NOT TRUE! " Cash buyers can only cancel a contract within the inspection period, if a home fails to appraise. Lines 59-61 (of the AAR Purchase Contract ) only apply if financing is involved. I hope this helps! and Good luck to all of you! --------------------------- Contact James Wexler (480) 221-8080 for all your Phoenix | Scottsdale Real Estate needs. Related Posts Real Estate Buyer Nightmare in Phoenix AZ Be Careful when Buying Real Estate On-line Short Sale contracts and Earnest m ...
As a Des Moines Mortgage lender, I am truly passionate about my profession, and the result is that nearly 100% of my business is by referral from satisfied clients, trusted financial advisors and the most experienced REALTORS in Des Moines, and throughout Iowa. My mission is to carefully guide you through the entire home loan process, so that you feel confident as you make choices about the many options available for your financing strategy. With many years and a wide range of experience in the mortgage industry, my dedicated team stands ready to assist each and every step of the way. I understand that it's not just a house, it's your home. Your home is one of the largest financial commitments that you will make during your life, and many people view that as meaning just another monthly payment. I can help you realize that your home is truly a valuable financial tool, and will help you achieve the dreams and plans they envision for your future. You only think about home financing a few times during your life ~ I think about it every single day. It's your home and your future. It's my profession and my passion. I'm ready to work for your best interest. ...
Description and Features Great Home with Tons of Space! Multiple Updates includes: Stainless Steel Dishwasher & Microwave (2005), Light Fixtures, Ceiling Fans, Nickel Finish Hardware, Custom Wood Blinds, Atrium Door to Deck, Interior & Exterior Paint! Eat-in Kitchen features Breakfast Bar, Pantry & Built-in Desk. Fireplace in Family with Oak Bookcase & Cabinetry. Front Room could be used as either Formal Dining or Living Room. Master Suite has 3/4 Bath & Large Walk-in Closet. The real Surprise is the Lower Level! Fully Finished with Rec Room Family Room, 4th Bedroom/Office and Full Bath with Jacuzzi Tub! Fenced Yard & Nicely Landscaped! Close to Parks, Schools, Ball Fields, Grocery & Greenbelt Paths! $500 towards buyers closing costs when using preferred lender! Bedrooms: 4 Bathrooms: 3.5 Parking Spaces: 2 Square Feet: 2800 Year Built: 1994 Floors: 2 Location Click to view map: 15122 Hawthorn Clive 50325 Links Next Generation Realty Luke Landis-Special Financing Available As a Des Moines Mortgage lender, I am truly passionate about my profession, and the result is that nearly 100% of my business is by referral from satisfied clients, trusted financial advisors and the most experienced REALTORS in Des Moines, and throughout Iowa. My mission is to carefully guide you through the entire home loan process, so that you feel confident as you make choices about the many options available for your financing strategy. With many years and a wid ...