Annie Collyer's (anniesherwood) Blog

Bill Gross of Pimco proposed that most high interest mortgages just get rewritten to 4% ~ not just the nonpayers.  This would free up tens of billions of dollars to be reinvested into the economy and/or savings accounts.  It would postiviely impact housing markets.  It would be good for consumer ...

    Do RealEstate Flippers, or as I prefer to call us, RealEstate Redevelopers, deserve to make a profit? Some would say we are predators, and should be prevented not only from doing our jobs but from making any money at it.  Others, and I am resoundingly among them, think that RealEstate Flipper...

Haverhill MA Redevelopment S Elm Street in the Bradford Section This is the first phase of this redevelopment in Bradford in Haverhill MA. See YouTube Video: http://www.youtube.com/watch?v=yOOBluFS8vI I first found this property last February and put an offer in on it. It was listed $28K higher t...

FHA loans are the biggest source of money for folks buying today.  The tax credits for new home purchases expired, and now the big incentive to buy at these sharply reduce prices is the low interest rates. For folks who have provable income and decent credit, there is just no better time to buy t...

Having done a bunch of short sales over the years, I am very aware that some folks lost their homes due to mortgage brokers who steered them to higher (mortgage) fee mortgage plans that put extra dollars in the mortgage broker's pocket and resulted in sharp unanticipated interest expenses.  Thank...

It is warm with low humidity - Perfect for an Open House!  Amazing how the humidity is gone now, after being so oppressive for weeks! Perfect timing for my Groveland MA Name Your Price Open House today! Yesterday there were tons of yard sales, and I had folks arriving who saw the yellow signs I h...

Yes, you heard that correctly!  George Bush has decided that flipping is not such a bad thing after all.  At least for the next year. FHA will be able to guarantee loans on properties that have been held for less than 90 days~in a few, very few, situations.  Like when there has been a foreclosure...

What is a Short Sale anyway? Let's take an example. Mr. Homeowner buys a house for $300,000 in 2005.  He buys with a loan or a loan package for the whole $300,000.He loses his job or has a divorce or the house needs more repairs than he can afford or the cost of utilities is too high to buy food ...

  Foreclosures in the Merrimack Valley Continue At Record Levels! OK, What is a Foreclosure Anyway? How Does the Foreclosure Process Work?                  Where can you find the best deals today? In the foreclosure marketplace.   The foreclosures nationwide are incredibly high right now.  That i...

   8 Solutions!   A foreclosure is where the lender moves to sell the property to get its money back.  If the sale results in the lender getting more than is owed on the property, the homeowner eventually gets the difference.  These days, the lenders are not able to get the full amount they are o...