ARCHIVED BLOG POSTS
2010
2
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One of the most common questions form home owners is "When is the right time of the year to sell?" and "Is there one time of the year that is better than another?"The first answer is that there are more buyers looking in the spring and summer, especially in the northern states where cold weather...
10/16/2010
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PRE FORECLOSURES ARE SIMPLY THAT, A HOUSE ENTERING INTO THE FORECLOSURE PROCESS...are they a deal?Well If you are looking to buy one, you need to know some things...One of the biggest myths in foreclosures is "getting a deal on a preforeclosure". Let me tell you why, most houses are not even for ...
10/16/2010
One of the most common questions is "If i am behind in my mortgage, how will this moratorium in foreclsoures affect me? What can i do? The first thing you need to know is there is not a moratorium with all banks and there is not a moratorium in all states. The states that require judicial review ...
10/15/2010
Todays question was from a potential buyer wondering why a buyer would purchase using cash rather than just getting a mortgage as interest rates are so low. The top reasons are speed of the transaction and ability to purchase properties where mortgages can not be obtained on them as they may need...
10/15/2010
A common problem that has recently gotten worse with the increase in vacant listings is the lockbox. Agents are taking it upon themselves to go into houses without contacting the listing agent. Some are so bold to give the codes to their buyers while others cant seem to remember to put the keys b...
10/13/2010
One of the most confusing part of a sale involving an REO (Bank owned home) is the banks disclosure addendums. With a bank owned home, your offer is usually presented to the listing agent in your standard purchase and sales agreement. That offer is loaded into that banks system by the listing age...
10/11/2010
This morning a home owner writes in "WHAT EXACTLY IS A LOAN MODIFICATION AND HOW CAN IT HELP ME?" In simple terms a loan modifcation is when teh bank rewrites the terms of your mortgage "modifying" things such as interest rate, monthly payment, the balance you owe or changing it from an adjustab...
10/11/2010
This morning's question comes from a homeowner who is being relocated for their job. They wrote " Everywhere i look or read the stats say home sales are down, I need to sell my home, how can i succeed?'No matter what state you live in, total sales may be lower in some areas for this year from pas...
10/11/2010
If you complete BPO's maybe you can relate to what happens during the journey to get these BPO;s completed. if you do not complete them or have just started, you can learn from my experiences. The most common Broker Price Opinion is called the driveby. it where you drive by the house, take a pict...
10/10/2010
It is the lead story in the news, i have been flooded with questions regarding this matter. The number one question from buyers and home owners is "How will the moratorium on foreclosures affect me?"The situation we face of banks not reviewing the foreclosure affadavits was not done by all banks ...
10/09/2010