Loan Modification and Short Sales – How do I? | Santa Clarita Real …
… Foreclosures and other distressed properties. Our Search Engines are Top-Shelf and enable you to search for Real Estate as Agents do. Try Searching by MAP and Let us know how this suits you. Subject Matter and Active Rain Experts. … read more…
UNFREEZE YOUR CREDIT SCORE | Ruth Karel Chicago Real Estate
score is a three digit number that shows how able you are to repay a loan. Credit scores can be obtained once a year with no charge (it’s a law) from each of the major credit bureaus (TransUnion, Experian and Equifax) so you can check … read more…
Real Estate Today: Why Is It So Difficult To Get A Home Loan …
It seems like every day someone is asking about why it is so hard to get a real estate loan. Just two years ago anyone, and I mean anyone, could get a loan to buy a house or condo. Well, the times have changed and rules from the lenders … read more…
From Google Blog Search
Fort Lauderdale Real Estate: A Peak on the Current Market
If you have the intention to purchase a home, you may want to check the Fort Lauderdale real estate market first. However, if you are having a hard time purchasing a home because you simply do not … read more…
How to Buy Real Estate Without Using Your Own Money
It is not difficult to buy property without using any of your own money when you employ the use of different types of strategies. When you are looking for a property to buy without putting any money d… read more…
Loan Modification: Even Celebrities Need It
There really isn’t any doubt that a lot of people are suffering from foreclosure these days. The minorities, the lower and middle classes have been greatly affected by it, and others have resorted to … read more…
From GoArticles.com
Open Question: Is it smart to refinance our mortgage(s)?
Our house value is around 300k (just one year ago it was 347k) We have a 5/1 interest only mortgage due for change in April 2011 – interest is 6.467% and balance 181k. Also, we have home equity loan with balance 81k and interest 5.99%. Monthly payments for both (including escrow for taxes and insurance) are $2800. I could possibly refinance getting 4.85%, 30 years fixed with 0.650 points, all fees and closing will be around $4500 and I can combine both mortgages together for one payment. We would like sell our house in about 2 years from now maximum, maybe less providing real estate market better conditions . Do you think that we should go ahead with refinancing or not? All input greatly appreciated. Thank you.
Open Question: It was Bush’s fault because…well because?
Do people understand that what caused most of the economic problems that we have today? The real estate market is 25% of the US economy. Depending on where it is the rest of the economy generally follows.
Back in the 90′s clinton implemented actions that forced lenders to approve loans to people with bad credit and low income. This is sometimes called the sub-prime market or B loans. These loans gave money to people to buy houses that they had no business owning. Because money was so cheap and available housing prices went up. People were then able to use home equity to get more credit. Little obama was a major fan of these lending practises. This is what he did as a community organizer, he even protested two banks that were going to merge and not offer sub-prime loans.
Well this sub-prime market fell apart in the last few years just like so many people had warned. Credit, the thing that keeps the economy moving, dried up effectively stopping the economy. Banks and insurers began to fail. Bush had only one part in all of this. He sent numerous requests to Barney Frank to have him fix the problem. Franks boyfriend sat on the board at Fannie Mae so nothing happened. Barney would rather his boyfriend stay rich than save the American people the trouble we face today.
Also, keep in mind that the economy was doing well from 2001-2006 when Congress fell to the democrats control. So Bush and Congress was able to keep the economy in the black after clinton left a shrinking economy and after 9/11 and with 2 wars taking place.
So how is this Bush’s doing? Should we just ignore the damage Congress has caused in the past 2 years? Is clinton not to blame even though he started the issues that have us where we are today?
Please, give serious answer, and think first!
Open Question: Has the attitudes of Banks and Mortgage Companies towards the Due On Sale clause become lax?
As a new Real Estate investor, I was wondering if the views from lenders has become relaxed, with regards to the Due On Sale clause in most mortgages nowadays? Especially, now that the market has turned sour with the toxic loans.
investment partner to buy a 2nd home with (albany / el cerrito)
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They’re already putting on seminars teaching how to use predatory lending skills with a smiley face
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Mortgage Brokers May Benefit From Obama’s Loan Modifications
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Regulator faulted in bank oversight in Bush era costing FDIC ~ $862 M – WSJ.com
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Mortgage help: Do you qualify? – CNNMoney.com
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Los Angeles Real Estate FHA Loan Limits
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