refinance: Understanding After Repair Value (ARV) in Real Estate Investments - 02/16/10 10:53 AM
In today's real estate market, property investors look at specific ARV as the end-goal that their investment  property must reach.  However, in the last few years, it seems that this "ARV goal post" was in constant movement.  How do you reach a goal when they keep moving the goal posts?
2008 and 2009 were frustrating years.  As market values started to slide, the ARV that you've determined today would not hold by the time you acquire your property and had it rehabbed.  That $120,000 ARV that you've correctly determined in December, was no longer valid according to the bank by the … (1 comments)

refinance: Foreclosures To Decrease Next Year? - 11/03/09 09:52 AM
Forecast Expects Foreclosures to Decrease in Coming YearForeclosures are expected to subside in the coming year. The latest data released by UFA L.L.C., a firm located in Ann Arbor Michigan that researches mortgage activity, states that foreclosures are expected to decrease in the next year. After four years on the rise there is no doubt that it will be nice to see foreclosures start to subside.Improvements in the foreclosure arena are seen linked to tighter lending practices, home prices stabilizing, and an improving economy. The one element working against foreclosures is the increasing unemployment which will leave some without the ability … (2 comments)

refinance: Fannie Mae Removes Its 4-Financed Property Limit - 02/13/09 09:43 AM
Last Friday, Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months.
Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties.  The restriction reversal does come with new minimum requirements, however. 
Homeowners buying a 5th, 6th, 7th, 8th, 9th or 10th home must meet the following standards, as set forth by Fannie Mae:
720 credit score 25% downpayment for a 1-unit (30% for a 2-4 unit) No mortgage delinquencies in the last 12 months 6 months of reserves for each investment property In other words, Fannie Mae … (0 comments)

 
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Bill Jur

Philadelphia, PA

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