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!
Unemployment,Under Water Loans,Shadow Inventory…Chase Predicts Housing Recovery In 2014
DC "HouseWives" Mary Schmidt Amons McLean, VA Home $2.35Million
When I think of any of the "HouseWives" shows..."class" is not always the first thing I think of...however, this home has so many subtle and elegant touches...it actually beckons "class". The use of White on White and highlights is a brilliant use of color in this...
John Wayne "The Duke"; Former Home On Market in Newport Beach for $2.2 Million
Get your macho on for a home once owned by America’s ultimate tough-guy, John Wayne. Listed for $2,263,000, you’ll see that the home is far from macho, if it ever was. Described as “Versailles style” by Lansner on Real Estate, Wayne’s former Newport Beach, CA home...
Absolutely Nothing to do with Short Sales or Foreclosures…All About Lifestyle Change
I guess one could say that a short sale or foreclosure could certainly be the reason for lifestyle change. For me, it’s the realization that my lifestyle…the way I function daily has changed. Yesterday, Kris and I had lunch with our daughter and grandson. Nothing...
Stopping Foreclosures and Short Sales if Homeowners Have Skin In The Game?
Earlier this week the Federal Housing Authority implemented a new program called the Short Refi, which I discussed on the Realty Check. It's a plan designed to give borrowers still current on their mortgages equity back in their homes, thereby reducing the chance that...
Short Sale up 27% in 2nd Quarter…Loan Mods Increase 24%
In this brief from the FHFA or Federal Housing Finance Agency released today... Foreclosure starts increased by 12% to nearly 275,100 Completed Foreclosures increased 15% to 112 Decrease in Loan Mod Failures i.e. going 60 days late after loan mod granted...less than...
Ricky Martin’s Golden Beach, Florida Home Listed for $18.9 Million
If you want to live la vida loca (“Livin’ the crazy life”), you can slip right into it, easily, if you buy singer Ricky Martin’s sweet Golden Beach, FL home because it’s back on the market for $18.9 million. Martin purchased this 9,882 sq ft Mediterranean-style estate...
Short Sales…Thoughts on Foreclosure Roulette…Failing Loan Modifications…Our Housing Market In Crisis
I think we are getting a glimpse of things to come...new buzz word for sure! Foreclosure Roulette. This article was front page of Huffington Post earlier today. Bea Garwood has been bracing for foreclosure since May, but she says she's been told three times to expect...
Series On Strategic Short Sales, Bank Of America's Matt Vernon Speaks Out..Businesses Do Strategic Short Sales…What Makes Homeowners Different?
This is fantastic news from Jack Schakett, Bank of America Senior Vice President for credit loss and mitigation strategies. A huge stumbling block for a homeowner doing a Short Sale is the fact that their lender may pursue a deficiency judgement. The government has...
4 Short Sales Myths…How Much Does A Short Sale Cost Me, Do I Qualify, How Long Does A Short Sale Take,What About Second Lien Holders
We are offering this series as a guide to help you overcome the myths as they relate to the Short Sale process of selling your property. Question: How many months late do I have to be on my mortgage to qualify for a short sale? Answer: You don’t have to be late at...
Home Mortgage Applications Fall…
OCWEN Consumes HOMEQ in $1.3Billion Cash Deal More Short Sales Approved
Yes...it's true...HOMEQ parent Barclays Bank sold it's servicer to OCWEN...of which along with it goes $28 Billion in home loans and 1,100 employees. The bad news...the 1,100 employees all received their pick slips and will be closing the 2 HOMEQ location, 1 in...
Greta Garbos Malibu Retreat is On the Market for $12.6
Greta Garbo's beach retreat is on the market...with an outstanding location on the Pacific Sands of Malibu...the home...so-so for a multi million dollar shack...but rich with "Mommy Dearest" history. You have to be Maliboom-boom money drunk to purchase this piece...
Shadow Inventory…REO Property…More Housing Decline to Come
How Will A Short Sales Affect My Credit?
How Will a Short Sale Affect my Credit Score in Newport Beach, Orange County , CA
How Will A Short Sale Affect My Credit?
How Will a Short Sale Affect my Credit Score in Newport Beach, Orange County , CA
Eviction Process of the Mind…Don't Give Away Prime Real Estate!
Of all things that I should be doing right now...here I sit on Memorial Day weekend typing! This past week was an emotional one, an unexpected passing of a family member took us to a place where no one wants to be... I have to say, at the end of the services most...
$54.5 Million Mortgage…For Tiger! Is the Government Fitting The Tab?
The first thing we think of is Tiger needs help from the Government...well, he's probably worth more than most of the banks after you subtract there crap load of bad home loans. Really...all Tiger is doing is taking out a home loan... a big home loan none the...