Mike DelVero's (mikedelvero) Blog

If you are having trouble getting financing here is a creative way to lock in today's price on the home you want and save money for a down payment.  Rent-to-Own programs or as they are known Lease option - are "contract in which an owner leases her house (usually for one to five years) to a tenan...

Last week, the Housing Rescue Bill and the Federal Legislators answered the question Are Down Payment Assistance Programs Cash Back Fraud?? The new law banned all Seller assisted down payment programs  (DPA's) effective October 1st, 2008   Ameridream the leader in Down payment assistance programs...

Mr. Abromivich - I can get you approved with No money down . :)At $500-million, ... La Leopolda is the world’s most expensive house.   It's just been bought by one of the world’s richest men, billionaire Chelsea Football Club owner Roman Abramovich.   past owners include Microsoft's Bill Gates   ...

I thought this was a story that had to be shared. Please Read I know its Friday and I should be happy. However, I need to complain.  Need to Vent a little to my fellow professionals and Active Rainers, all of whom I have a lot of respect . You all work hard as Real Estate or mortgage professional...

8/8/8 - August 8th , 2008 - Let the Games Begin - The Olympics are finally here. America is excited. The World is excited. I am excited.  Over $1Billion spent on Advertising. (yes, 1 Billion Dollars) for 2 weeks, thats only 14 days of Olympic events. Much of which (outside of Tack& Field and swim...

I have written recently about the high number of loan defaults. Mostly as rates adjust on aggressive sub-prime mortgages. Further, homeowners, investors , etc... are stuck with higher energy and food costs are less able to keep up with payments that have jumped. This is compounded with the fact ,...

I recently came across a piece in the New York Times, titled, Buy and Hold or Quit and  Fold. This article was written about the beleagured stock market. However, I found it interesting in that at first glance I thought it was about Real Estate Holdings. Why you ask? There are an excessive number...

Yes, I said it. Yes my. Mr. pro-business. Mr. Hands off governement.  But, and its a big , "But" , this is a rare exception. These companies are drowning.... And, they need help. This week, in 3 days of stock trading on the New York Stock Exchange, the 2 lending giants, Fannie Mae & Freddie Mac, ...

Not a very good headline. I admit, ...  I wish it were not the case. However, we had a tough week (and its only wednesday) Today, the MBA (mortgage bankers association) reported that Mortgage application volume fell last week to its lowest levels in nearly eight years. This is in light of some po...

Wow - the media is reporting that well the media is less and less signficant. Interesting. Wow, what took them so long to catch on?? Pew study shows Americans still get most news from TV, as online gains and newspapers struggle The Poll/ Study said " Fewer Americans are reading newspapers and are...