Good News for foreclosure victims. Some homeowners will get an option to rent the home that they just lost. Its possible to stay in your home as a renter. Fannie Mae will give borrowers facing foreclosure an option to rent their homes for a year.
Foreclosed home owners will be able to sign a one year lease, with possible month to month extensions with Fannie Mae. Good for everybody.
Homeowners get a little relief and are able to remain in their homes for a year or more. This will buy them the…
Continue
Added by Howard Bell on November 19, 2009 at 7:17pm —
No Comments
What Do They Do
FHA loan options make it easier to qualify for a home mortgage. Your loan is guaranteed by the government, making your application more attractive to lenders.
The FHA mortgage requires a low 3.5% down payment, and that money can come from a variety of sources including HUD down payment assistance grants. Typical closing costs for FHA home loans are around 2% or 3% of the total mortgage.
Loan Loss is Below Govt Mandate
Its capital reserves have fallen below the thr…
Continue
Added by Howard Bell on November 19, 2009 at 7:16pm —
No Comments
This morning, I was listening to one of my mentors via audio CD while driving.
The person he’s interviewing said something very profound – which I know is very true. He said that generosity is a good business strategy. It’s a paradox: to become rich, you have to give. He explained it this way: if you are generous, you open your hand to give. An open hand is also open to receive.
I believe the above statement wholeheartedly. No…I don’t believe it…I KNOW it to be true. Based on my own experienc…
Continue
Added by Trace Trajano on November 18, 2009 at 7:00am —
No Comments
Hey All --
Just wanted to let you know that we're overhauling major portions of the
BPO Automation Group website, and adding more information on the BPO industry, our software, and other areas revelant to BPO & REO professionals.
Our new videos page is
online here, and we've also added a Facebook Group…
Continue
Added by Tim Ventura on November 16, 2009 at 1:36pm —
No Comments
Hey All --
Just wanted to let you know that we're overhauling major portions of the
BPO Automation Group website, and adding more information on the BPO industry, our software, and other areas revelant to BPO & REO professionals.
Our new videos page is
online here, and we've also added a Facebook Group…
Continue
Added by Tim Ventura on November 16, 2009 at 1:36pm —
No Comments
Sales Up Prices Down
This same story has been playing our for quite a while now. The trend towards lower prices will probably continue even as the recession winds down. Continuing job loss, a weak recovery and real problems in all real estate sectors, now focused on commercial property and Alt A high end homes, should keep a lid on prices. That said people are beginning to feel good again, or at least less wary. They are stepping out and buying homes and that is a good good sign.…
Continue
Added by Howard Bell on November 15, 2009 at 1:11pm —
No Comments
Good News for foreclosure victims. Some homeowners will get an option to rent the home that they just lost. Its possible to stay in your home as a renter. Fannie Mae will give borrowers facing foreclosure an option to rent their homes for a year.
Foreclosed home owners will be able to sign a one year lease, with possible month to month extensions with Fannie Mae. Good for everybody.
Homeowners get a little relief and are able to remain in their homes for a year or more. This will buy them the…
Continue
Added by Howard Bell on November 15, 2009 at 1:10pm —
No Comments
The home buyers' tax credit has been extended to April 30, 2010. Obama approved the extension as part of a $24 billion economic stimulus bill.
The housing tax credit
Qualifiers
The measure limits the purchase price of the home to $800,000.
It also imposes income caps so that people who make more than $125,000 annually and couples who make more than $225,000 would not be eligible for a refund.
Anyone who collects the tax credit but sells their home within three years of buying it…
Continue
Added by Howard Bell on November 15, 2009 at 1:09pm —
No Comments
The report, released last week is another green shoot pushing upwards. Home prices in the U.S., as measured by the S&P Case-Shiller home price indexes, rose in July over the previous month, as 18 of the 20 metropolitan areas comprising the benchmark saw saw a boost to real estate values. For the 16th consecutive month, every region saw year-over-year declines, but the pace of those declines continues to decelerate, according to the Wall Street Journal. The ten-city index is down 33.5% from i…
Continue
Added by Howard Bell on November 11, 2009 at 4:35pm —
No Comments
From the Commerce Department
The US economy grew at an annual pace of 3.5% between July and September,its first expansion in more than a year, helped by a substantial government spending. Durable manufactured products soared at an annualized rate of 22.3%, led primarily by the cash for clunkers scheme lifting car sales.
The housing market also improved, with spending on housing products up 23.4%, its largest quarterly jump in 23 years. Thanks to the home buyers tax credit.The trickle do…
Continue
Added by Howard Bell on November 11, 2009 at 4:34pm —
No Comments
Renters Who Lose Homes to Foreclosures
Most of the occupants are homeowners, who must scramble to find housing with very little notice. They're being joined by scores of renters who discover, often with no warning, that their rented house or apartment is now owned by a bank, which wants them out.
see chart
Federal legislation signed in May 2009 giv…
Continue
Added by Howard Bell on November 11, 2009 at 4:28pm —
No Comments
How would you like to sell “overpriced” homes and get the $8,000 First Time Home Buyer’s Credit from the IRS? If you got intrigued or maybe even confused read on. What you are about to read will blow your mind and will put tens of thousands of dollars in your pocket.
Unless you’re living under a rock, you should know by now that the First Time Home Buyer’s Credit is extended until end of April 2010. This extension is the narrow window of opportunity that is open to us – real estate investors. T…
Continue
Added by Trace Trajano on November 11, 2009 at 2:19pm —
No Comments
New video footage of BPO Automation's highly anticipated Auto-Accepter 2.0 software showcases the new features available in the upcoming December software release,
available here.
The Auto-Accepter 2.0 is the result of 6 months of intensive feedback from hundreds of active BPO agents, and combines an array of innovative new features with a series of b…
Continue
Added by Tim Ventura on November 11, 2009 at 9:00am —
No Comments
New video footage of BPO Automation's highly anticipated Auto-Accepter 2.0 software showcases the new features available in the upcoming December software release,
available here.
The Auto-Accepter 2.0 is the result of 6 months of intensive feedback from hundreds of active BPO agents, and combines an array of innovative new features with a series of b…
Continue
Added by Tim Ventura on November 11, 2009 at 9:00am —
No Comments
$8,000 “Obama Credit”
How Real Estate Investors Should Take Advantage of This
In my post yesterday, I explained the whole concept of doing OWNER FINANCING and sell “overpriced”, pretty homes to people who have not bought a house in the past 3 years. There are two requirements so people can qualify for the first time home buyer’s credit:
1) You have to buy a house (it never said in the law you have to get a bank loan)
2) And you have not bought a house in the past 3 years
#1 is HUGE. There are…
Continue
Added by Trace Trajano on November 11, 2009 at 9:00am —
No Comments
If our experience in Australia is anything to go by then you will find that the firming of real estate prices is what we in Australia call the 'dead cat bounce'. Meaning that a cat thrown from a skyscraper will bounce on hitting the ground but not very high and the cat will be dead. Not I hasten to add that we do this to our animals but you get the idea.
Real estate is still greatly overpriced and has a long way to fall before buying a house becomes a good economic decision. There are some area…
Continue
Added by Paul Goodman on November 8, 2009 at 8:43pm —
No Comments
Every day, new and established agents are waking up to the fact that an effective online presence has become more than just a good marketing idea. An effective online presence is now mandatory.
Those who want to succeed over the long term must be willing to go where today's buyers and sellers are... online.
Online lead generation opportunities increase exponentially each day as more buyers and sellers turn to the Net to begin their searches for new homes and new agents. The real estate agents…
Continue
Added by Dolle on October 30, 2009 at 9:52pm —
No Comments
If you really want to sell your home; & get the best price, possible. I recommend a good look at your first impressions. Sometimes you are just too close to the situation to see the need to declutter, paint, stage!
For expert advise, and tips, email me at dbyerlyinspired@yahoo.com
I am a Inactive realtor, with a sense of what is the least you can do, for the most outcome.
call or email Denise at Final Touches 719 547-8837/ local to Pueblo CO.
email dbyerlyinspired@yahoo.com
Continue
Added by Denise Byerly on October 27, 2009 at 3:30pm —
No Comments
For those of you who don't know, I am a son a former OFW (Overseas Filipino Worker). I want to share you this story with you because I know a lot of you are either OFWs yourself or you are related to one. If you're neither, don't worry because what you are about to read contains the "secrets of wealth" that apply to everyone.
I submitted this article to websites being visited by OFWs in the hope that they will see it and learn something from this. Please pass this article to everyone you know:…
Continue
Added by Trace Trajano on October 24, 2009 at 7:20pm —
No Comments
People go to work everyday to earn a living. They tend to eight hours a day for five days of paperwork, presentations, and endless meetings. If not for work, some may be stressed because of their studies and because of such, might end up feeling tense, distracted, and unhealthy.
By practicing the right relaxation exercises for oneself, together with a healthy and stress free environment, each individual can have the chance to feel revitalized and refreshed for the coming weeks ahead.
In line w…
Continue
Added by Sta.Elena Properties on October 22, 2009 at 11:37pm —
No Comments