Did You Pay Too Much for Your Short Sale Purchase? Likely…Yes!
With prices projected to drop another 15%+ over the next year…the likely hood is that if you purchased a home in the last few years…you paid too much. This post by Zillow gives specifics as to the amounts over paid by today’s home buyers. If your a buyer…and you can wait to purchase…then wait. We have another 50 to 10 years of declines still on the horizon. Buy stocks! Those who purchased their homes post-housing bubble are guilty of overpricing their homes, according to a new survey from Zillow. The company noted that current home sellers...
Read MoreCNBC Confirms…Another 5 years+ of Short Sales and Foreclosures…
We are always interested when a major media company supports us and what we have been talking about for the last 3 years…Yes…we’re in this short sale business for the next 5 years and longer! It’s taken three years to process $1 trillion in foreclosed homes. At that rate, it will take more than five years for the amount of each individual’s mortgage debt, relative to their income, to get back to levels that were the norm in this country before the housing bubble, according to a report from TrimTabs Investment Research. “For the debt-to-income ratio to return to 65...
Read MoreShadow Inventory Up 9.1% in 1st Quarter 2010 from Last Quarter 2009
This information is hot off the press…Thanks to the fine folks at Housing Wire… According to SNL Financial and Morgan Stanley Foreclosed Properties…Increased to $41.5 in Q1 ’10 up 12.4% from previous quarter. Shadow inventory up 9.1% in Q1 ’10 to $78.6 BILLION Morgna Stanley states that for the market to clear it’s inventory of Shadow Inventory…it would tkae almost 4 years…or 47 Months! Great time to be in the Real Estate Market…lots of...
Read MoreFREDDIE HAFA: Freddie Mac Rolls Out HAFA Initiatives For Homeowners Facing Foreclosure
BREAKING NEWS! FREDDIE MAC is stepping up with the FREDDIE HAFA like program…on the footsteps of It’s “sister” Fannie Mae who released it’s guidelines last night. The highlights: Sellers get $3,000.00 for Moving Expenses Servicers get $2,200.00 for “playing along” with a Short Sale. Servicers are also givin $1,500.00 for successful DIL. Subordinate Liens are to share up to $6,000 …that’s your HELOCS and 2nd lien holders And it begins August 1st Details below for your...
Read MoreActive Army, Navy, Marines, Air Force, Cost Gaurd & Reserves…Soldiers & Sailors Act Protects against Foreclosure
God Bless America! The Soldiers’ and Sailors’ Civil Relief Act of 1940 (SSCRA) was updated and amended in 2003 by President Bush. This Act was created to protect our Fellows in Arms during their “Active Service”. Many of our soldiers we’re non-active in the National Gaurd or Reserves. When called to duty, they leave jobs behind. T What does the SSCRA accomplish? read Below…We are featured in this article: LASplash.com: Home Military Family Homes Foreclosed? By Brian Standly (Los Angeles, CA) May 4, 2010 Men and women serving in the United States...
Read MoreUma is Bailing Out of Greenwich Townhouse…for $14.5Million
Actress Uma Thurman is reportedly selling her Greenwich Village townhouse for $14.2 million and only the fit and energetic should apply as new owners. Thurman’s townhouse is 25 feet wide and five stories tall — with no elevator in sight. It is now apparent how Uma keeps in such great shape — her home is like a built-in stairmaster! Located on lower Fifth Avenue in Greenwich Village’s “Gold Coast” (Gothamist explains the gold coast mention), this townhome has 7 bedrooms and 6.5 baths. The “garden level” has a media room, plus guest bedroom with access to the back...
Read MoreGet this FREE book when you sign up!
