Luxury Homes Take A Big Hit
During this real estate recession, just about every market has gone down in value across the nation. If you know about supply and demand and how it affects price, you will understand why the luxury real estate market has been hit the hardest. The luxury market in Greenwich, Connecticut has a luxury market with homes in the 4million to 8 million range. Although the other areas near the luxury homes have seen a 14% decrease in value, the luxury market has seen a 20% or more decrease in accepted sold values. Because there are less buyers that can afford to purchase ...
Short Sale Listings and How To Buy Them
Everybody's wondering what exactly a short sale is. It is definitely a hot topic in real estate these days. Let's get right into it. A short sale typically occurs when the homeowner is not able to make their minimum monthly payments. After about three months of not making payments, the banks will typically send out a letter called a notice of default or an NOD which notifies the homeowner of the default in writing right to their doorstep. At this point time, the homeowner has the option of either catching up on the payments, modifying their loan if that option is available ...
Foreclosure Process Steps
If you are looking to purchase a home anytime soon, it is very important for you to understand the real estate foreclosure market. It is important to know how the foreclosure market works and what the process is. Once you understand the foreclosure flow, you can be one of those buyers that can snag a great deal. Another point to understand is that just because a home is a foreclosure home does not mean that it is a better deal than a regular home that is active on the market. Foreclosure homes can sometimes be worth less that ...
Buyer News
Image via Wikipedia If you are looking to buy a house anytime soon, there...
Buying A Home: 17 Steps To Success
Image by Getty Images via Daylife Buying a home is a very important decision...
Image via Wikipedia If you are looking for a home these days, you probably...
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Sellers Homes Sell In Buyers Market: 5 Tips
Well, homes are definitely not selling like they were in 2004, and that is no secret....
Selling In Tough Times
When you work with sellers trying to help them get their home sold, it can be a tough...
Forecloses: 5 Tips To Buying Right
You don’t need to show up at courthouse auctions or comb through legal filings....
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Image via Wikipedia We all know that the US economy is in crisis, but have you really been explained the actual numbers and some of the causes of the crisis? Check out the video below to see why some say that our current spending habits are unsustainable unless there is major changes in our government. Related articles by Zemanta The U.S.... [Read more of this review]
Image via Wikipedia President Obama’s foreclosure plan was put in place to help first-time homebuyers make that first home purchase, get more people modified in their current loan through their current lender, and make it easier for people that can refinance their mortgage to get that [Read more of this review] Read More →
Image via Wikipedia The most recent pending home sales data shows some positive news. With some boost given by the home buyer tax credit, pending home sales look to be more stable in 2010 and higher than 2009. The pending home [Read more of this review] Read More →
As part of the economic stimulus package that president Obama access to more money or state agencies to help weatherize homes and help bring energy costs down. Minnesota is one of the states that is using this money right now to incentivize homeowners to use less energy. When they announced the planned the money went very quickly as contractor for... [Read more of this review]
China Real Estate Market Moving Bubble
We all know that China’s economy is moving quick. Take a look at China’s real estate market and see if this looks familiar. There has to be a top and bottom to every real estate market. The US market busted, Dubai busted, and now China will probably have [Read more of this review] Read More →
Even millionaires these days are having a hard time getting their hands on money. Even if those millionaires want to refinance their home to put their money elsewhere they are having a hard time finding a lender that will loan out that money even if they have some equity. Even if they have six-figure incomes, exceptional credit scores, and tons... [Read more of this review]
Banks Break RESPA Laws During Short Sale Process
Citi Mortgage, Chase, and Bank of America have been found recently to be violating RESPA laws by demanding payment of a portion of their loan payoffs be made outside of closing statements. When you close a home, every part and payment being made or distributed to any party in the transaction must be disclosed. [Read more of this review] Read More →
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