Is Your Luck Running Out In Buying A Home?
Some Highlights:
- The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
- Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.8% according to CoreLogic.
- Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!
Housing and Urban Development Gives more Time to Unemployed to Catch Up on Mortgage
This just released by Mortgage Daily News.com In an effort to further assist our ailing economy and it's out of work victims...HUD will be increasing the current limit of 3 months to 12 months of free rent! Why pay rent when the government gives you all the free...
Jumbo Loan Caps are Reduced from $729,000 to $625,000…Look for Major Home Value Drops
Just released... We saw this coming and here it is... Federal government is reducing Jumbo loan qualifiers to protect us from ourselves! What do I mean? We already showed that if we are givin the option to spend more money than we earn, then we will and the US...
Crime Map? Los Angeles, is your Neighborhood at Risk?
Trulia...the leader in gathering and dispersing real estate related information is offering this new Crime Map. It's in the test phase, but interesting never the less. Check it out Los...
Los Angeles; Program May Help You Keep Your Home
Check this link for your servicer's participation in this program/s. (servicer is who you pay your mortgage) Assistance Program Available for Home owners in the State of California: Unemployment Mortgage Assistance or UMA Up to $18,000 per household total (average...
Homeowners Spending Money On Backyards…If You Can't Sell, Enjoy Your Space!
EHLP…Billion Dollar Emergency Help For Struggling Homeowners…Will It Help Many Avoid Foreclosure?
Wow, too little too late is what seems to be the real story here. The numbers are heartbreaking! Homeowners that are trying desperately to stay afloat in this devastating economy. Listen to the story told by one "applicant"...$4000 a month mortgage payments,...
Short Sale or Foreclosure? Rebuilding For your Future…The Benefits Of A Short Sale
Who would have thought that we as a Nation would be going through such financial turmoil just a few short years ago... We were at a family BBQ yesterday, and as we followed our GPS to our destination we were saddened but not surprised of all the homes that were...
Short Sales up…Banks Prefer Short Sales To Foreclosures
Great information from CNBC, enjoy! Any time I see a 74 percent jump in anything, I hear alarm bells, so when the Treasury Department reported just that big a jump in its Home Affordable Foreclosure Alternatives (HAFA) program, I figured there had to be something...
CNBC Video…Falling Home Prices…Double Dip Decline
It's Just 4 Walls…When Is A Short Sale Right For You? Avoid Foreclosure
It's just 4 walls... Sometimes the toughest things in life are making changes, big changes that will cause great change in your daily life as well as your families life. I'm talking to anyone that is a homeowner and is confused, scared, just plain struggling with...
Housing Prices Worse than Expected With Double Dip…More Short Sales and Foreclosures To Come
U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday. AP The S&P/Case Shiller composite index of 20 metropolitan areas declined...
Memorial Day…
May 26, 1983 Memorial Day is a time to take stock of the present, reflect on the past, and renew our commitment to the future of America. Today, as in the past, there are problems that must be solved and challenges that must be met. We can tackle them with our...
Housing Recovery Remains Unlikely Until 2014 or Later…Short Sales…Foreclosures!
By: Marketwire . May. 18, 2011 01:00 PM Trulia and RealtyTrac Survey Reveals 54 Percent of American Adults Now Believe Housing Recovery Remains Unlikely Until 2014 or Later In Wake of Congressional Efforts to Repeal Obama Administration's Making Home Affordable...
A Glimpse of Selfishness…Nothing About Short Sales
This has nothing to do with Short Sales...A friend passed it along to me in an email and I was moved so much by it that I wanted to share it. There was a blind girl who hated herself because she was blind. She hated everyone, except her loving boyfriend. He was...
Bank of America Answering the Call of It's Critics…Increased Help for Distressed Homeowners
BREAKING NEWS... New York Times reports a tripling of assistance to the most hardest hit areas of the country...California leads the way with 7 new centers to assist homeowners in trouble...facing foreclosure or seeking an alternative to foreclosure. Here's the...
Shadow Inventory Will Prevent Housing Recovery for Another 3 to 4 years…More Short Sales
Kim and I have been shouting this from the roof for the last 3 years...and the Mortgage Bankers Association (MBA) Michael Fratontoni, VP of Research and Econ...agrees. We, in the hard hit state of California, have seen a massive decline in offers on homes on market....
Homeownership…American Dream…Tides ARE Changing…Short Sales & Foreclosures = Happy Renters
I'm compelled to write a blog about the life of a "Renter" from my personal experience...especially after the conversations I've had over the past several months with homeowners that are mentally challenged about moving from homeownership to being a renter. After...
Newport Beach's John McMonigle Files Bankruptcy
As a Real Estate Agent, I was shocked...but not surprised to read this information. A long time Top Producer in the Luxury Real Estate industry is John McMonigle, McMonigle Group Inc, has filed Chapter 7 Bankruptcy. A victim of the real estate market or simply...