Ricardo Cortez's (rcortez) Blog

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Mortgage and Lending - Liberty One Lending
RECENT BLOG POSTS
Tol Brothers,  The Horsham, Pa.-based builder lost $29.3 million, or 18 cents a share, in the three months that ended July 31. That's a reversal from a profit of $26.5 million, or 16 cents a share, in the year-ago quarter. Toll absorbed $84.3 million in after-tax write-downs in the quarter. Exclu...
09/04/2008
why Short-Sales are getting more difficult. There are a number of factors to consider if you get that ugly little Foreclosure Notice and before you attempt a short sale. Especially here in Phoenix, Arizona where Deeds of Trust change the landscape a bit. Here's what you should do 1st. Contact you...
09/03/2008
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The question I have been asked quite a bit lately from sellers is , "Should I Stage my house" in order to sell it at a better price and more quickly? Before I answer that question, you should know more about the A-B-C's and 1-2-3's of Home staging by Craig Schiller who is the Founder of on the pr...
09/03/2008
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4 home buying reasons to consider: 1) Fannie Mae has significantly eased their lending of  credit, as Teh American Housing Rescue and Foreclosure abuse prevention act was a effort to stimulate the Real Estate market along with the inference of reduced risk to a company whose priority is to make m...
09/03/2008
The current housing-reform bill calls for eliminating Down Payment Assistance and the practice of seller assisted down payments. However there are pending proposals which call for allowing such down-payment assistance with more restrictions. As Craig Anderson, of the Arizona Republic pointed out ...
09/03/2008
1) Lower home prices - yes, prices are going down, especially here in the west, and specifically, Phoenix, Scottsdale, Fountain Hills and other East Valley cities where we saw one of the biggest national drop. Inventories remain high. However, lower prices are creating buying opportunities which ...
08/30/2008
Some interesting results relative to which builders are selling product.  RL Brown reports these statistics   DR Horton's offering at Riata West produced 45 sales in July. Pulte Homes at Red Rock Village gained 17 sales.  The list of builders with five or more sales for the month has risen to 104...
08/30/2008
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The most recent RL Brown Report has been issued.  Following are the highlights:       RL Brown makes some interesting predictions relative to how homebuilders will do business in the future. "With the shifts in credit criteria, the probability of higher mortgage rates in the near and mid-terms, t...
08/30/2008
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Let's stop pretending this race is as close as national polling suggests. The truth is McCain is essentially tied or trailing in every swing state that matters - and too close for comfort in several states like Indiana and Montana the GOP usually wins pretty easily in presidential races. On top o...
08/30/2008
Two weeks, ago , I wrote the following article on my blog Wexzilla.com asking the question i are Down Payment assistance programs are Cash-back fraud  In the midst of the mortgage crisis, rising interest rates and tighter lending and the disappearance of 100% financing, one lending option remains...
08/29/2008
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