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Have you seen these ads , ‘Get Rich Quick‘ schemes for buying and selling real estate short sales and foreclosures. Headlines and catch phrases sound something like this : "Own millions of dollars in real estate with no money down" "get paid to buy a house" "Become a millionaire in 90 days" "No c...
10/01/2008
should the dreaded "Foreclosure" word creep into your life. Don't worry help is out there. Lenders can exercise, "Forbearance" in which the bank will suspend payments for a period of time Banks are working with borrowers on repayment plans which will enable you to keep your home and pay back defi...
10/01/2008
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Lease - Option or Rent-to-own The buyer pays rent each month all of which gets deposited in an escrow account on their behalf;Several things happen. the buyer gets a place to live the buyer can test the community and see if this is a place they want to ultimately live. they build equity capital t...
10/01/2008
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One of the best, products to come to the lending market is just recently launched by RealEspace called "Rate Window" . About Rate Window: Mortgage bankers and brokers and real estate agents can now offer this transparent pricing tool to their clients through their websites or blog-sites. The para...
10/01/2008
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The Senate moved toward passage Wednesday of a $700 billion financial industry bailout as opposition to the package among House Republican conservatives appeared to be softening, thanks partly to a provision increasing insurance for people's deposits. Congressional leaders from both parties said ...
10/01/2008
The Housing and Transportation Affordability Index (HTA index) developed by the Center for Transit Oriented Development Index is "an innovative too that measures the affordability of Housing". Unlike the traditional and simplified measurement which takes a mortgage as a percentage of income, the ...
10/01/2008
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As if the rest of the world was not anti-american enough. Reports of countries from around the worlds are in shock at the the U.S. government's failure to resolve the financial crisis threatening the foundations of the global free market, fingers of blame are pointing at America from around the p...
09/30/2008
Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief. The recovery in stocks wa...
09/30/2008
Mortgage applications plummeted 10.6 percent during the week ending Sept. 19 as jitters in financial markets produced a spike in interest rates. The Mortgage Bankers Association said the average rate for 30-year fixed-rate mortgages increased to 6.08 percent, up from 5.82 percent the previous wee...
09/24/2008
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Inman news is reporting that there is an FBI fraud probe gorwing to more than 20 companies SEC investigations and FBI investigations are focused on subprime lenders, investment banks, credit rating agencies, insurers, broker-dealers who sold mortgage-backed investments to the public. Fannie Mae...
09/24/2008