Archive for the ‘Lessons’ Category
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 buyers, Distressed, Foreclosures, Investing, Lessons, Real Estate Terminology, seller's, Techniques | 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 buyers, Distressed, Foreclosures, Investing, Lessons, seller's, Techniques | 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 »
Friday, April 11th, 2008
If you bought a property at foreclosure in the later 1990s or early 2002s, you probably have a built up a lot of equity and have a positive cash flow on your investment. With the current increase of foreclosures in Hawaii, people may be looking at this as another ...
Posted in buyers, Foreclosures, Investing, Lessons, Uncategorized | No Comments »
Friday, April 11th, 2008
Have noticed that your FICO score has been steadily dropping over the last few months. In January your score was in the mid 700s and now it's in the low 700s. You don't have any late payments or any other negative marks on your credit report, so why is this ...
Posted in buyers, Investing, Lessons, seller's | No Comments »
Thursday, April 10th, 2008
I thought this was an interesting video:
History of the Housing Market
Source: Yahoo Video / ABC News
Posted in buyers, Investing, Lessons, seller's, Techniques, Uncategorized | No Comments »
Thursday, April 10th, 2008
When purchasing a home for the first time many buyers can become overwhelmed due to the timeline and contingencies that need to be followed. That’s why it’s always good to have a team of agents that can help you through the process.
What can be more frustrating for buyer is if ...
Posted in buyers, Lessons, Techniques | No Comments »
Wednesday, April 9th, 2008
What's a Buyer's Agent?
You'd be surprised how common that question is. Most people barely understand the process involved in buying real estate. Few know what agency representation and fiduciary duty is. When it comes to buying real estate, most buyers spend more time deciding what to eat ...
Posted in buyers, Lessons, Techniques | 2 Comments »
Tuesday, April 8th, 2008
Before you start looking for a home, there are several things you should get in order.
1. Get yourself financially prepared. For the first time buyer, this may be the single largest purchase. Evaluate your financial situation and create a budget. This will determine how much mortgage payment you can afford. ...
Posted in buyers, Lessons, Techniques | 1 Comment »
Monday, April 7th, 2008
“It’s critical that you make the right decision about who will handle what is probably the single largest financial investment you will ever make.”
Not all real estate agents are the same. If you decide to seek the help of an agent when selling or buying ...
Posted in Lessons, seller's, Techniques | No Comments »