Scott Skinner's (scottskinner) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
questions to ask yourself if home buying is right for you * Do you need the flexibility of renting? or can you afford to stay in your home for at least 5 years or longer? * Can you afford a 20% down payment? * Can you afford a monthly payment on a 30-year fixed mortgage? * ask your CPA … Does the...
12/14/2008
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"Rent-to-Own" . I have to recommend that you do not attempt this without the advice of an experienced attorney and/or real estate professional. Lease option - "contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the ...
12/08/2008
I call Arizona's last 10 years the real estate ‘gold rush' .... where for the first time home buyers thought of getting rich and making money on their own and a place to live was secondary. yes, a lot of money was made; and lost. However, let's remember the Top 5 reasons to buy a home. (the order...
12/08/2008
  Unfortunately, many, if not most "short sale"  listed in the MLS are not approved "short sale" The real estate agents, just take a listing, and market and advertise the home at a price that would net the seller less than the amount owed. Then, when an offer is received the listing broker submit...
11/30/2008
AWC-C - this is a home for sale, under contract, however, the purchase is contingent upon the sale of the buyer's property. In this market, I generally advise my clients from taking these type of offers. However, in some cases , this can make sense. The AWC-I is very common these days , as REO/ b...
11/30/2008
you are interested you can check out the Home Price Comparison Index (HPCI) study, evaluated affordability in 77 international markets, in addition to the 317 U.S. markets the List of Top 20 World's Most Expensive Luxury Real Estate Markets  or The World's Most Affordable Housing Markets  I just ...
11/25/2008
Make sure you are sitting down. This was a shock to me. and I am from AZ. The foreclosure capital of the world. Nationwide, (across the whoe US of A) the Realtors group estimates that sales of distressed properties made up 45 percent of all property sales in October. There were 4.23 million unsol...
11/24/2008
We need help . Can the government insure mortgages  with smaller down payments ?? Can the government subsidize lower mortgagerates ?? Can new legislation mandate lending by the banks if they want money from the $700 Billion bailout ?? Nationwide sales of existing homes fell more than expected las...
11/24/2008
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Negotiation is on the buyers side - the glut and over Supply of homes is a major hurdle. In fact, I know many sellers who have no showings , less any offers in the last 6 months. If you present a competitive offer most sellers will be very ready, eager and willing to negotiate price, time frames ...
11/23/2008
Do we need further interest rate cuts?? FED Chairman seems to be on a cutting spree and likely continue to cut rates and probably keep cutting. However, it is a tricky game of allowing people to borrow (take on debt) to spend more to help an ailing economy. In terms of real estate, we need furthe...
11/22/2008
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