Archive for April, 2008
Tuesday, April 29th, 2008
Lawmakers in Washington are considering a law that will change how appraisers interact with lenders and agents. It seems that during this time of distress every lawmaker wants to look like they are doing something without really addressing the problem. What does that mean? Law makers are ...
Posted in Foreclosures, Investing, Lending, Scams | 1 Comment »
Monday, April 28th, 2008
A lot of homeowners have the mind set that making payments on time automatically equates to good credit and credit scores.
Unfortunately, this couldn't be further from the truth.
While paying your bills on time accounts for a large portion of your credit score, there's still a lot more to it. In ...
Posted in Investing, Lessons, Techniques, buyers, seller's | No Comments »
Monday, April 28th, 2008
Free Foreclosure lists for the following areas:
Orange County
Notice of Default
Notice of Trustee Sale
Los Angeles
Riverside
San Bernardino
Note: An updated list for foreclosure properties has been posted. See link below.
Updated List May 5, 2008
Posted in Distressed, Foreclosures, Investing | 3 Comments »
Sunday, April 27th, 2008
With lax lending practices during the past decade, FHA loans became almost non-existent. Those times have come to a screeching halt and as the mortgage melt-down continues and conventional loan programs continue to be eliminated, borrowers are turning more and more to FHA loans since they are practically the ...
Posted in Lending, Lessons, Techniques, buyers | 1 Comment »
Friday, April 25th, 2008
Judicial Foreclosure Available: Yes
Non-judicial Foreclosure Available: Yes
Non-judicial Sale Typically, a title insurance company is named as the trustee to arrange the sale of the real estate.
California is famous for its one-action rule, in which a lender must carefully elect one action to take against the borrower if the ...
Posted in Distressed, Foreclosures, Investing, Lessons, Real Estate Terminology, Techniques, buyers, seller's | 12 Comments »
Friday, April 25th, 2008
Judicial Foreclosure Available: Yes
Non judicial Foreclosure Available: Yes
Foreclosure in Hawaii takes one of two forms: (1) judicial foreclosure by a lawsuit much like any other lawsuit or (2) sale under a power of sale clause in the mortgage.
Preferred Method:
Judicial foreclosure is the preferred method in Hawaii . Although ...
Posted in Distressed, Foreclosures, Investing, Lessons, Real Estate Terminology, Techniques, buyers, seller's | No Comments »
Friday, April 25th, 2008
California Foreclosure Market Statistics
COUNTY: ALAMEDA
HOUSEHOLDS: 556,474
2006 TOTAL: 3,565
Jan-07
Feb-07
Mar-07
Apr-07
436
367
617
418
May-07
Jun-07
Jul-07
Aug-07
627
433
750
832
Sep-07
Oct-07
Nov-07
Dec-07
726
1,313
1,084
1274
Jan-08
Feb-08
March-08
1,469
1,320
1,635
12 MONTH TOTAL: 12,498
PER HOUSEHOLD: 2.25%
MONTHLY CHANGE: 23.86%
YEARLY CHANGE: 164.99%
COUNTY: CONTRA COSTA
HOUSEHOLDS: 383,328
2006 TOTAL: 3,738
Jan-07
Feb-07
...
Posted in Distressed, Foreclosures, Investing, Lessons, Techniques, buyers, seller's | No Comments »
Thursday, April 24th, 2008
Real Estate Market Update:
The real estate market experienced a slight increase in sales in February, largely due to the battered housing market. National Association of Realtors report that February was the first month-to-month rise of the annualized pace since last July.
The median price of a single family home sold ...
Posted in Real Estate Terminology | No Comments »
Wednesday, April 23rd, 2008
Hawaii has a numbering system for properties that is used by the Tax Assessment Office called a tax map key or TMK for short. These numbers range from 111 to 199 and covers all of Oahu.
Each property has a unique TMK. Many mls systems use this key as ...
Posted in Investing, Lessons | No Comments »
Saturday, April 19th, 2008
Amount
Street Address
City
$383,600
454 Oneawa St
Kailua
$39,800
1243 Ala Alii St # 131
Honolulu
$360,000
1320 Alexander St # 701
Honolulu
$145,000
1441 Kaumualii St # E337
Honolulu
N/A
1673 Paula Dr
Honolulu
$584,000
317 Puuhue Pl
Honolulu
N/A
91-621 Kilaha St # 42
Ewa Beach
N/A
75 Oneo Way # ALA
Kailua Kona
N/A
91 Kaipu St
Ewa Beach
N/A
68 Kupunahine St
Waikoloa Village
N/A
94 Halelehua St
Waipahu
N/A
14 Nanawale Blvd
Pahoa
N/A
94 Hokuala Pl
Mililani Town
N/A
91 Oaniani St
Kapolei
N/A
98 Hookanike St
Pearl ...
Posted in Distressed, Foreclosures, Investing | 11 Comments »