A Millennial’s Guide to Homeownership
The Millennial Generation is the largest generation in United States history. According to the US Census Bureau:
“[Millennials] born between 1982-2000, now number 83.1 million and represent more than one-quarter of the nation’s population. Their size exceeds that of the 75.4 million baby boomers.”
If you’re one of the millions of Millennials who’s seen their peers begin to buy homes recently and are wondering what it would take for you to do the same… you’ve found the right eGuide!
There are so many stereotypes and myths about the Millennial Generation as a whole…AND about what it takes to buy a home in today’s market.
Myths have prevented many Millennials from considering homeownership as an option for them and their families.
Our goal with this eGuide is to provide you with the information you’ll need to make the best decision for you and your family in regards to homeownership. We’ll break down the myths and stereotypes that have long been believed to be true, as well as shed light on the opportunity you have to build wealth using your monthly housing cost.
Walking away from your home…Short Sales are an alternative
In some areas, you have a homeowner on either side of you that's in a situation of "negative equity." According to economists, it's not going to get any better for a while....How long will it be before the housing market bottoms out is up for interpretation. Let's say...
Old Video…Pre Short Sale Days
Man...this is old!
DiTech Closes Headquarters in Costa Mesa, CA
The one time behemouth DiTech...part of GMAC closed it's operation yesterday February 03, just as the Tresuary pumps another $3.8 billion into finaniciers open wounds. These cutbacks by parent GMAC are in an effort to reduce 300 postitions and balance out it's big...
Short Sale 2nds Taking Illegal Kick Backs
Banks Taking Kick Backs Kim and I run across this all the time. IT IS ILLEGAL Most recently we have been requested from Citi and Bank of America Negotiator did not care...It's clearly in violation of REPA laws. FASLO Solutions is another violator...they go as far as...
Jim Cramer Speaks "Shadow Inventory" and Making a Profit
Shadow Inventory of Homes...How to profit? Jim Cramer says...
Short Sell Your Home…It's a Business Decision…VIDEO
Short Sell your home...it's a business decision!
DSNEWS Endorses Short Sales as The Alternative to Foreclosures
Default Servicing News has highlighted Short Sales as the alternative to foreclosure... HAFA (Homes Affordable Foreclosure Alternatives) ...a build on HAMP, was introduced November 2009. It is a tremendous stride forward to protect the American Homeowner who is in a...
Laguna Niguel Distressed Property At 50% Decline In Home Value…Short Sale!
I'm sure that many of you reading this will relate to what has happened in a lovely Laguna Niguel neighborhood over the past year. Because it's most likely happened to you or someone you know. We wanted to take some time and share this because so many homeowners are...
FHA Guidelines Buying A Home After A Short Sale
The Department of Housing and Urban Development (HUD) released a letter to lenders regarding borrower eligibility for a new Federal Housing Administration (FHA) mortgage after pursuing a short sale. Here is the actual language from the new FHA Guidelines: FHA Guidance...
Fannie Mae, Freddie Mac, and Ginnie Mae Own 95% of Home Loans
The US Government probably owns your home mortgage loan according to a letter released by the Federal Reserve Bank. The huge resurgence of FHA loans is one of the reasons for the increases from 50% in 2006. Also, the fact that these governmental organization are...
Breaking News from the Treasury about Short Sales
Mortgage Modification Conversion Drive: New Changes: * Lenders to PRE-APPROVE short sales. * Lenders must FULLY RELEASE borrowers from any future obligation (no more deficiency judgment fear!) * No more money out of pocket demands from second lien holders….or any...
Housing Market…Robert J. Shiller; Case/Shiller Index
2010….real estate recovery or more of the same? This week we will be sharing with you what a few on the nations most influential leaders think will happen this year with housing. First up, Mr. Robert J. Shiller…co-creator of the respected S&P/ Case Shiller Home...
HAFA…Short Sales Are Preffered by Lenders Over a Foreclosure!
Short Sales are the new buzz word for home owners and their LENDERS..... Homeowners have been turning to Short Sales the past several years to help them avoid foreclosure, although it's not been altogether easy it's been working for most sellers that have gone down...
Owe More Than It's Worth…Short Sell Your Home Today in Newport Beach
If you owe more on your home than it is worth...call us. 877-391-2338 We can assist you in selling your home in any state in the country.
Tax Credit Bill Passed for New Home Buyers…and Move Ups
As promised….here are the details for the home buyer tax credit. It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009....
Senate Overwhelmingly Approves Homebuyer Tax Credit Extension
As predicted, the Senate approved the extension of the Home Buyers Tax Credit until April 2010. The approval is as follows: $8,000.00 for 1st time buyers added $6,500.00 for "Move-up" buyers An increase in qualified incomes were doubled from $75,000.00 to $125,000.00...
Short Sell and Buy Another Home At the Same time! It's Here!
The proceeding story is copy write protected: Breaking News*********Kim and I will be talking about this program this week on our coaching calls with Harris Real Estate University Sign up and Log in to the Thursday Call 10:00AM PST As our subscribers know...Kim and I...
Bank of America/Countrywide Streamlining Short Sale Process
BofA (Countrywide) have begun utilizing the Equator system (REOTRANS) to streamline the short sale process. This is great news for all homeowners that are strapped with a one of the formidable Countrywide Short Sales. We learned of this about 6 weeks ago and we are...