Sal Gutierrez's (sal_g) Blog

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Mortgage and Lending - liberty one
RECENT BLOG POSTS
A big wave is hitting as a result of the housing crisis.... owners of smaller and mid size builders are becoming casualties. Three years ago, at the peak of the maket, builders borrowed from regional banks to start developments across the country. We know about the drop i home prices as the home ...
08/31/2008
  This easing of credit, by freeeing up money as a result of the Housing Rescue Act it ...effort to stimulate the Real Estate market along with the inference of reduced risk to a company whose priority is to make money for its shareholders is a good sign.  Interest Rates are rising to the highest...
08/30/2008
Know your Options if you are facing foreclosure : In Phoenix | Scottsdale and all of Arizona, we use Deeds of trust, not mortgages, which change some of your options you may have in other states. First and most importantly, ... 1) Contact your lender to work out possibilities such as short-sales,...
08/30/2008
Now 100% loans, or ‘majority financing‘ is a very limited option, buyers and sellers have to be creative to get real estate transaction closed. There are 2 strategies that may work; The Lease-option and the Lease Purchase. A common name you may here these referred to is "Rent-to-Own" . Lease opti...
08/30/2008
Homeowners who have significant equity in their homes may be well-advised to check their credit reports frequently. That is one conclusion of a recent report from the Identity Theft Assistance Center, a nonprofit industry group, which said that identity thieves had recently begun making targets o...
08/30/2008
I urge all my fellow professionals , real estate , mortgage and any home owner to fight the ban on down payment assistance programs like Ameridream that will be banned as of October 1st . 2 members of Congress introduced a new bill to revise this ban on Down payment assistance. The Bill To revise...
08/28/2008
Requesting your credit reports and scores is a good way to start taking control of your money. There is one most common credit score used by banks to make decisions: the FICO score, developed originally by Fair Isaac Corporation. FICO scores, once again, range from 300 to 850. Three different cr...
08/28/2008
RL Brown , the premier source for Phoenix area housing data, incuding the cities of Phoenix, Scottsdale, Tempe, Fountain Hills, Peoria, Glendale, Paradise Valley, and communities of Desert Ridge, DC Ranch, Troon, Grayhawk and its most recent report on the the Phoenix housing market showed signs t...
08/27/2008
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The data also showed that filings for Chapter 7 rose 36% to 615,748 in the 12 months that ended June 30   All Bankruptcy filings surged 29% in the 12 months that ended June 30, according to government figures released Wednesday. Business filings jumped more than 41% to 33,822 from 23,889 in the y...
08/27/2008
Despite the sense of helplessness, borrowers have options to help avoid Foreclosure.  Especially, those who face the potential loss off their home for other reasons than a re-setting higher rate of the many sub-prime loans; this includes borrowers who face  foreclosure as a result of such hardshi...
08/22/2008
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Sal Gutierrez

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