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!
Curtis Jackson(50 Cent)Not Alone In Falling Home Values…Strategic Default Short Sale?
50 Cent (Curtis Jackson) Was $18.5 million Now $10.9 million Price cut: $7.6 million Rapper 50 Cent thought he had a steal when he bought Mike Tyson's former home in Farmington, Connecticut, which he purchased from Tyson's ex-wife for just $4.1 million (She originally...
Shift Of Focus From Owning To Renting…Strategic Default Short Sales?
By: Diana Olick CNBC Real Estate Reporter The Administration isn't officially considering it, maybe not "actively" considering it, not even taking a side on it per se. According to "staff" it was just a "musing." At a small conclave of reporters, no cameras allowed,...
Strategic Short Sale Default…NBC Video…Banks Are Walking Away!
We are going to be posting a series of videos, please watch them. Our housing market is in serious trouble, walking away from your mortgage and foreclosing with your lender is not going to help the housing market recover or help you long term in most cases. There is a...
Pay or Walk Away From Upside Down Mortgages… Strategic Default Short Sale
We are going to be posting a series of videos, please watch them. Our housing market is in serious trouble, walking away from your mortgage and foreclosing with your lender is not going to help the housing market recover or help you long term in most cases. There is a...
60 Minutes Video… Strategic Short Sales
We are going to be posting a series of videos, please watch them. Our housing market is in serious trouble, walking away from your mortgage and foreclosing with your lender is not going to help the housing market recover or help you long term in most cases. There is a...
Housing Market Crisis….Strategic Default Short Sales..Crisis Looming!
We are going to be posting a series of videos, please watch them. Our housing market is in serious trouble, walking away from your mortgage and foreclosing with your lender is not going to help the housing market recover or help you long term in most cases. There is a...
Red Flag…REO's Up Record Numbers…Default Notices Are Down…Banks Ignoring Delinquent Borrowers For Now!
Just Released: Bank Of America Endorses Short Sales For Failing Loan Modifications
April Marks the Biggest Month in Conversions from HAMP Trial to Permanent Modifications CALABASAS, Calif., May 13 /PRNewswire/ -- Bank of America has completed about 56,400 permanent mortgage modifications under the federal government's Home Affordable Modification...
Mortgage Rates Falling…Default Filings Down, REO's UP…..?
Kris & Kim Darney Featured in Inland Empires Daily Bulletin Article about Foreclosure Activity
Data: Foreclosure Activity Falls in I.E. Link to the Article Rebecca U. Cho, Staff Writer Created: 05/13/2010 07:41:28 PM PDT National foreclosure activity fell last month on an annual basis for the first time in four years, with the Inland Empire's filings dropping...
Field of Dreams… Kevin Costner…On the Market for $5.4Million
One of the best "Guy Movies" of all time...Up there with "Rudy". Well, I guess we all have to cash in some time. If you list it, will they come? The Lansing family hopes so. The Des Moines Register is reporting that the Iowa site where the 1980 movie “Field of...
Steve Jobs..An Inspiring Must Watch Video. Follow Your Passion… Success will Follow YOU!
Banks Ignore Delinquent Borrowers…What's The Real Number Of Defaults?
By: Diana Olick CNBC Real Estate Reporter Some encouraging signs on the foreclosure front may not be as rosy as some are reporting. RealtyTrac, the online foreclosure sale site, shows a 9 percent dip in the number of properties with foreclosure filings in April,...
Nicolas Cage, Susan Somers, Burt Reynolds all Dropping Homes Prices = Short Sales
Stars Not Immune to Slow Market Even the rich and famous are not immune to the battered real estate market, as celebrity after celebrity is forced to lower his or her asking price. Nicolas Cage has had to cut the price on one of his homes by $17.5 million, and former...
Re-Blog…Realtors, Is It Too Late For You…Are You Ready For What Is Coming Next?
Here is a great question for you…this is the very question that I ask myself..and all of our Harris Real Estate University coaching students…as often as possible. This question is designed to force you to think, challenge you and then get you into action. Yes, I know...
US Home Sellers Cut Prices as Tax Credit Ends….More Short Sales
By: Reuters More U.S. home sellers cut their listing prices in April, aiming to seal deals in the waning days of federal tax credits meant to revive housing, real estate web site Trulia.com said on Wednesday. Prices on 22 percent of homes on the market as of May 1 had...
Home Buyer Tax Credit Takes its Toll…More Short Sales and Foreclosures?
CNBC Real Estate Reporter Diane Olick As the end of the home buyer tax credit neared last month, we all argued whether or not the increase in sales and the relative price stabilization could survive on their own. The first clues indicate the answer is: No. One full...