Being aware that the good deals are abundant in this current real estate market isn’t enough to get ahead in investing in real estate. Knowing how to profit from this knowledge will give you the advantage required to invest wisely. (more…)
Mortgage products are currently being pulled from the shelves at a record rate. While borrowers were spoiled for choice only a few months ago the number of products on offer has nearly halved - from a peak of thirteen thousand to approximately seven thousand. Mortgages for the self-employed have not escaped the mass recall meaning that borrowers without a salary or wage may find it tough to secure a mortgage in the near future. (more…)
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes fell to a 13 year low in February. (more…)
Article and video from the WSJ, Buyers Revenge: Trash the House After Foreclosure. These days, bankers and mortgage companies often find that by the time they get the keys back, embittered homeowners have stripped out appliances, punched holes in walls, dumped paint on carpets and, as a parting gift, locked their pets inside to wreak further havoc. This can obviously cost thousands of dollars to fix before re-sale. The solution? Payola. The most practical way to ensure the houses are returned in decent shape, lenders and their agents say, is to pay homeowners hundreds or even thousands of doll (more…)