Archive for the ‘Lessons’ Category
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 Lessons, Techniques, buyers | 3 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 Distressed, Lessons, Techniques, buyers, seller's | 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 Distressed, Lending, Lessons, buyers | 2 Comments »
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 Lessons, Techniques, buyers | 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 Investing, Lending, Lessons, Uncategorized, buyers | No Comments »
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 »
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 »