Archive for May, 2008
Tuesday, May 6th, 2008
Government sponsored provider of home loans, Fannie Mae, has just tightened the standards for home mortgages it guarantees or buys.
Fannie Mae has informed lenders that it will require a minimum credit score of 580 for most loans it buys on an individual basis. Previously Fannie Mae had no minimum score.
Credit ...
Posted in Uncategorized | No Comments »
Tuesday, May 6th, 2008
After looking at all the costs involved in buying house, you may have begun to have second thoughts: Perhaps, it is better to rent a home.
Real estate in most areas today is not a top investment compared with investment securities. You're not going to get a 30 percent return ...
Posted in buyers, Lessons, Techniques | 3 Comments »
Monday, May 5th, 2008
New list of Southern California distressed sales. This post will focus more on bank owned properties (REOs).
Orange County
NOD List
NTS List
Banked Owned
Los Angeles
Banked Owned
Riverside
Banked Owned
San Bernardino
Banked Owned
Update List May 19, 2008
Posted in Distressed, Foreclosures, Investing | No Comments »
Saturday, May 3rd, 2008
To frustrated home owners trying to sell their homes in this market, it seems like the market continues to worsen daily as they are subjected to an endless media barrage of gloom and doom. These owners already know there's a glut of properties on the market this spring. ...
Posted in buyers, Distressed, Lessons, seller's, Techniques | No Comments »
Friday, May 2nd, 2008
In the nation's worst-hit real-estate markets, home sellers are suffering a new blow: They are being blacklisted by lenders. As property values decline and credit markets contract, home lenders nationwide are growing ever more unwilling to finance home purchases in sharply declining housing markets, driving prices down ...
Posted in buyers, Distressed, Lending, Lessons | 1 Comment »
Friday, May 2nd, 2008
Buying a home is a high-pressure, extremely emotional decision. No house will ever fully live up to your dreams, and whatever compromises you make (and you will have to make some), you'll have to live with it for years.
The perfect home ...
Posted in buyers, Lessons, Techniques | No Comments »
Friday, May 2nd, 2008
Rate Rank
State
Metro Name
Props with Filings
1/every X HH (rate)
%Change from Q4 07
%Change from Q1 07
--
U.S. Total
649,917
194
23.15
111.89
1
CA
STOCKTON
7,560
30
17.14
291.91
2
CA
RIVERSIDE/SAN BERNARDINO
37,239
38
39.13
230.81
3
NV
LAS VEGAS/PARADISE
17,320
44
1.34
134.40
4
CA
BAKERSFIELD
5,113
51
29.31
226.08
5
CA
SACRAMENTO
13,967
55
14.46
134.62
6
MI
DETROIT/LIVONIA/DEARBORN
12,402
68
-22.01
-3.67
7
AZ
PHOENIX/MESA
23,135
70
46.33
294.06
8
FL
FORT LAUDERDALE
10,926
73
15.29
205.79
9
CA
SAN DIEGO
15,315
74
48.36
251.50
10
CA
OAKLAND
12,666
75
13.34
222.87
11
CO
DENVER/AURORA
13,368
77
36.79
85.69
12
CA
FRESNO
3,812
79
16.79
176.03
13
FL
ORLANDO
10,522
81
48.03
248.87
14
FL
MIAMI
11,703
81
-2.86
153.37
15
FL
SARASOTA/BRADENTON/VENICE
4,299
89
13.94
275.79
16
GA
ATLANTA/SANDY SPRINGS/MARIETTA
22,554
91
13.71
68.70
17
CA
LOS ANGELES/LONG BEACH
32,177
104
45.47
203.61
18
OH
CLEVELAND/LORAIN/ELYRIA/MENTOR
8,969
105
-7.11
49.56
19
CA
ORANGE
9,591
107
56.36
268.18
20
TN-MS-AR
MEMPHIS
4,955
108
22.89
51.11
21
FL
TAMPA/ST PETERSBURG/CLEARWATER
11,811
110
9.61
127.05
22
DC-MD-VA-WV
WASHINGTON/ARLINGTON/ALEXANDRIA
15,108
112
56.46*
546.19*
23
CA
VENTURA
2,360
115
37.85
109.96
24
IN
INDIANAPOLIS
6,330
116
17.20
35.55
25
MA
ESSEX
2,376
125
319.05
331.22
26
MA
WORCHESTER
2,514
125
190.64
183.75
27
FL
JACKSONVILLE
4,557
125
26.90
64.16
28
CA
SAN ...
Posted in Uncategorized | No Comments »
Friday, May 2nd, 2008
How many of you out there have sold your home about 2 or 3 years ago for huge profits waiting to buy in again as the market corrects? If this is you, read on as this can be some helpful information that may save you money or even set a ...
Posted in buyers, Investing, Lending, Lessons, Uncategorized | No Comments »