Archives of real estate blog entries for December 13, 2009 (Page 4)

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loan modifications - 02:12 PM
Only Four Percent of Homeowners Get Obama Loan Modifications
 

Nine months after the program launched, only four percent of homeowners participating in the government's Making Home Affordable program have successfully had their mortgages modified to reduce their monthly payments and make it possible for them to stave off foreclosure.
Of more than 780,000 homeowners participating in the program's trial phase, as of the end of November some 31,382 have made it through the program, which includes a three month or longer trial period to be sure that homeowners can make reduced mortgage payments, according to the Treasury Department's monthly … (1 comments)

2010 is now! - 04:47 PM
Yes, you read that right, 2010 is now.  Don't believe me?  Read on...
Though it may be less than 2 weeks til Christmas, 2010 is already here from most of us.  Let me explain.
While eating turkey during Thanksgiving, I was already thinking what will be needed to produce income for 2010.  It was then that started the yearly ritual of revamping my business plan.  I would start to adjust what was needed to produce the goals I would set.  It was basically a goal setting time for 2010.
Most people will agree that if buying or selling a home is … (4 comments)

1031 Minnesota | 1031 exchange minnesota - 06:45 PM
If you have an investment property, want to buy a different property(ies) and want to defer the taxation on your profits by staying in the real estate business (through retention of some qualified "like kind" investment property) then you should definitely consider utilizing a 1031 tax free exchange.  I am often surprised at how many investors don't know about this or have never considered doing it.  I have helped many investors buy and sell properties utilizing this special chapter in our tax code.  If you go to http://www.IRS.gov, you can put in the keyword 1031 and download the booklet.  It covers the rules and … (0 comments)

SMALL BUSINESSES WANTED- ST. CLOUD FLORIDA - 06:48 AM
St. Cloud Florida, Small businesses which the owners have worked in some cases for decades have hit hard times.  But an alarming number of business owners are choosing to close their doors as opposed to selling their businesses. Of course each time this happens more people are out of work.  The alternative is find an aggressive agent to facilitate the sale of your business and can structure a sales price which will attract buyers.   There is hidden value in an established business most people take for granted. The key is ticking off all the pproper boxes.
FOREIGN INVESTORS HAVE SPECIFIC CRITERIA      
 I … (3 comments)

Before You Advise Your Clients Rent Their Current Home And Buy Another One, You Need To Know This! - 04:07 AM
 
Via Phil Caulfield Jumbo Loan California DRE #01030082 (RMC Real Estate Loans - Jumbo, Construction, Private Money):
When someone buys a home before selling their current home, they may have a problem: if they have a mortgage on the old home, that debt is included in their debt-to-income ratio.
In the old days (pre-2008), home buyers who did not sell their home first had at least a couple of ways to offset their mortgage debt.
Some lenders would accept the income reported on a rent survey prepared by a licensed appraiser. Other lenders would accept a rental agreement.
The lender would … (0 comments)

New Fannie Mae Automated Underwriting (DU) Eligibility Changes. - 05:55 PM

Via George Souto (McCue Mortgage) FHA, CHFA, VA Mortgages CT.:
Today Fannie Mae released Automated Underwriting (DU) Version 8.0 and these changes are bound to have a big impact especially on multi-family houses.  Some of the changes included in this release are as follows:
Minimum FICO score 620 (was 580) 2 Unit Owner Occupied Property - maximum LTV 80% for purchase & rate/term refinance (was 90%) 2 Unit Owner Occupied Property - maximum LTV 75% for cash out refinance (was 85%) 2 Unit Investment Property - maximum LTV 75% for purchase & rate/term refinance (was 80%) Unit Investment Property - maximum LTV 70% for cash … (0 comments)

One Of God's Greatest Gifts / The Ability To Fail Like A Moron - 06:03 PM

Via William J Archambault Jr (The Real Estate Investment Institute ):
One Of God's Greatest Gifts / The Ability To Fail Like A Moron 
After my last post this seems appropriate again. We can't survive or strive if we let the short sighted among us deyne us the right to fail, because failure is the opposite side of the success coin! You simply can't have one with out the other.
Being empty nester's, Brenda and I more often than not watch the news during dinner, some days we make the mistake of paying to much attention. We heard that home owners never knew they … (3 comments)

All You Need is Love--And a Little Bit of Feng Shui in New York City - 06:13 PM
All you need is Love --  And a Little Bit of Feng Shui in New York City
Every season in New York City is special and unique.  The winter holds it's charms with Ice Skating, Fall is spectacular for the beautiful Autumn Colors, Spring makes you look ahead and see only Sunshine in your future.  Summer in Central Park for me is the BEST time. 
Long, LONG walks where you can choose the usual paths or ones not travelled very often. No matter what time of year you go, Love is always in the Air. 
I loved this photo.  It … (27 comments)

Buying Your Stuart, Florida Home Long Distance - 05:49 PM
Buying Your Stuart, Florida Home Long Distance
Trying to buy a home in Stuart, Florida from another city is a challenging task, but thanks to today's technology, it's never been easier to buy a home from a distant locale. Some out of town buyers may already be familiar with Stuart, Florida real estate, but even if you don't know our area, the Internet is a powerful tool when it comes to long-distance buying.
Plan, Research, Investigate
The first thing you need to do is to plan, research, and investigate. Using the Internet, you can visit our local chambers of commerce, research … (0 comments)

Senior Move Services with We Staging Greater Detroit - 09:20 PM
We Stage Greater Detroit goes beyond Home Staging, we also offer Senior Move Services.  Our services can start the day the offer is accepted.  Your seller is under pressure to get the move started and get it finished by the closing date.  Our goal is to work within the sellers time frame to move before they have to pay for additional days to "rent back" their house they just sold. 
Senior Move Services can manage the project from down sizing through the entire move.  We Stage Greater Detroit takes the worry out of the move.  By assisting with the sorting, decisions on what … (1 comments)

Quincy Mass Condo - 133 Commander Shea Boulevard Edgewater Place - 01:14 PM
The Edgewater place condo complex is conveniently located on the northern side of the City of Quincy. Edgewater Place is in a prime location just minutes to downtown Boston. It is a 5 minute ride to route 93 North and 93 South. You can walk to T, Wollaston Beach and Marina Bay.

These condos are apartment style condos. The condo complex is made up of some 2 bed units, primarily 1 bedroom units and the remainder studio units.
There are 158 units in the complex. Units do come with surface deeded parking. The units do not feature in unit … (0 comments)

Quincy Massachusetts Open Houses Today - 01:27 PM
According to the MLS for Quincy Massachusetts Real Estate, here are the homes with open houses in Quincy Mass today.
52 Sherman  Quincy, MA   8 room, 3 bed, 1.5 bath Colonial/ $369,900   
152 Winthrop St  Quincy, MA : Houghs Neck   7 room, 3 bed, 1.5 bath Colonial / $339,000   
166 Pine Street  Quincy, MA   8 room, 3 bed, 1.5 bath Colonial / $345,000   
42 Ruggles Street  Quincy, MA   8 room, 3 bed, 1 bath Colonial / $349,900   
121 Bromfield St  Quincy, MA : Wollaston   7 room, 4 bed, 1 bath Colonial / $429,900   
161 Phipps St  Quincy, MA   7 room, 3 … (0 comments)

Bricks and Mortar Office vs Home Office vs Virtual Office vs Immersive Office - 08:44 PM
Brad Andersohn posted a post with a Video after visiting the Online Office of eXp Realty on Friday.  The post has created a lot of stir on both ends of the spectrum from extreme excitement to very unimpressed however I thought I would post a few thoughts which have run through my head after reading all the comments.  Some will be a bit self evident and others maybe not however here goes.
Bricks and Mortar Office:
Home Office: What percentage of agents work primarily out of their home office?  20 - 30 - 40%.  I don't know what the actual % … (0 comments)

test 2 - 12:07 AM
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Decouvrir et investir en Floride: Immobilier Ventes De Biens Villas A Fort Myers Beach - 10:08 PM
        Bonjour les Francophones! Si vous voulez cherhez les ventes de biens dans le sud Ouest de la Floride par ex., condos, villas en Florida ou simplement jeter un coup d'oeil, cliquez sur le lien " Search Properties" au bas de la page d'ou vous pouvez en fait adjuster vos propres preferences. C'est un fait: d'investir a Fort Myers, d'acheter une maison a Cape Coral sur canal,ou d'investir a Fort Myers Beach ou Sanibel sont tous des choix solides. L'immobilier en Floride et certainement dans le Sud-Ouest de la Floride attirent de nombreux etrangers, et pour bonne cause.Les … (0 comments)

Dreaming of the right gulf access home in Florida? - 11:50 PM
The core of the life in Fort Myers Beach has always been its attraction to the Sea. It is part of the life style of Fort Myers Beach. What else could it be?
     
                                             Island Bay Marina Fort Myers Beach
It is an island, it has dozens of canals with direct access to the back bay or Estero Bay. The air is filled with salt and the sound of the waves is  never far any points on the small island of seven miles long. Boating in Fort Myers Beach is ideal for sail boats, fishing boats. Yachts, party … (1 comments)

I'm Dreaming of a Green Christmas (Part XIII) - 11:57 PM
Not only should we think about the environmental impact associates with the production of the gifts we give, but we also need to consider the impact of their continued use.  One solution is,Tip #13:  Use rechargeable batteries But how do you avoid the disappointment of a child who has just opened his present only to be told that it won't work until the day after Christmas because the batteries the toy needs won't be charged until then?  Don't worry, rechargeable batteries have come a long way.  The latest technology is Nickle-Metal Hydride (Ni-MH) and these batteries come out package fully charged … (3 comments)

Drew Brees and the Saints bring hope to storm ravaged New Orleans - 05:48 PM
Today Drew Brees led his New Orleans Saints team to 13-0 with a win over Atlanta.  That's good news for a city still struggling to rebuild after Katrina ravaged many areas.  Tourism, and Mardi Gras are a big revenue generators.  The announcement that Drew Brees will be this year's King of Bacchus which will roll a week after the Super Bowl.will rev up the excitement.  New Orleans loves it's Saints team and appreciates the emotional comeback and hope this string of wins has given the residents of this city as they rally around big hopes for a Super Bowl appearance.
New Orlenas is financially important to … (3 comments)

SALE PENDING! 321 W Main St, Middleville, MI - 01:35 PM
… (1 comments)

How Would You Answer This Question? - 02:31 PM
I was listening to a radio show this week and the question came up:
"Do you really wish things would change or do you just want them to be different"? 
I've thought about this all week and I decided I appreciate and like my life the way it is... I wouldn't wish anything different,  but some areas I would want to be different.  And if I want that difference, I'm the one who needs to make it different!
How would you answer this question and why?
 
Are YOU a licensed Michigan Realtor or Broker?  Want to do more than survive? … (2 comments)

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