Scott Skinner's (scottskinner) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
Federal Reserve policymakers are expected to cut interest rate by a half-point, pushing the federal funds rate down to 1 percent, as they wrap up a two-day meeting Wednesday. The worst financial crisis in 70 years has forced the Fed to employ all the weapons in its arsenal - including cutting int...
10/29/2008
Home prices fell in August for the 25th consecutive month and prices in 10 major markets plunged a record 17.7% year over year, according to a key index of real estate values released Tuesday. The S&P Case-Shiller Home Price 10-city index dropped 1.1% for the month. The 20-city index recorded a r...
10/28/2008
Importantly, remember the reasons you are buying a home. Is it a place to live? A place to raise your family? Are you planning on retiring? Do you need the favorable tax advantages? Are you looking for a hedge against inflation? Are you looking for long-term appreciation? A place to live and call...
10/27/2008
The investing " Holy Grail " "Finance 101 will often tell you that, "the best time to buy is when opportunities are created out of seller necessity. A couple I have worked with for some time, just bought a home straight out of a Builders Inventory (these days, builders have taken homes back from ...
10/27/2008
One strategy for stockpiling cash is to tap a home equity line of credit (HELOC). Sure, falling housing prices mean fewer of these credit lines are being given, and many borrowers are seeing their home equity credit lines cut back or eliminated. But those who can still tap their HELOC can use it ...
10/27/2008
New home sales post unexpected increase as prices fall to lowest level in 4 years Sales of new homes unexpectedly rose last month, as many homebuyers seized on builder discounts and rushed to take advantage of expiring down payment assistance programs and other incentives. Economists had expected...
10/27/2008
There are a variety of Real Estate terms like, HUD, REO, Dual Agency, SPDS (seller disclosure), Pre-Foreclusure and countless others, . Short Sale seems to be the phrase du jour .... And I am always asked, What does a ' Short Sale ' in Real Estate mean ?? Simply put, a real estate Short Sale mean...
10/24/2008
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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...
10/23/2008
These are 3 main problems why Short-Sales are getting more difficult. Most solutions, such as Forbearance, Deed-in-lieu of foreclosure and short-sales require lender approval and negotiations. However, as David and Bill point out, many lenders are shutting down the lines of communication. As Lynn...
10/23/2008
Federal regulators told Congress they were making steady headway in confronting the worst financial crisis since the 1930s as committees in both the House and the Senate held hearings on a contagious financial collapse that has infected global markets. The federal government is working on a loan-...
10/23/2008
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