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foreclosure buyers: SCIENCE 101 FOR REALTORS- CLASS IS IN SESSION - 09/22/10 12:52 PM
Today's lesson- Rust, or in the case of real estate, rusty pipes.
Rust is scientifically called oxidation, which occurs when oxygen comes in long-term contact with certain metals. Over time, the oxygen combines with the metal at an atomic level, forming a new compound called an oxide and weakening the bonds of the metal itself. If the base metal is iron or steel, the resulting rust is properly called iron oxide. Rusted aluminum would be called aluminum oxide, copper forms copper oxide and so on.
The main catalyst for the rusting process is dihydrogen oxide, (Formed from an extremely energetic chemical … (4 comments)
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foreclosure buyers: New Citigroup Program Gives Homeowners 6 Months Free Living - 02/11/10 07:04 PM
I read today on WashingtonPost.com that Citigroup is preparing a deed in lieu of foreclosure program that could give homeowners an option to stay in their homes as long as 6 months for free in exchange for keeping up the home and handing over the keys with the property in good shape. The program also offers tax relief, HOA assistance, insurance, as well as cash to help relocate. The purpose of the program is to provide an alterantive for delinquent borrowers who don't qualify for or decline mortgage relief programs. Also, the program aims to avoid the problem banks have in spending thousands … (1 comments)
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foreclosure buyers: Lowered Expectations By Foreclosure Buyers. Why? - 01/04/10 05:39 PM
Lowered expectations. Don't take it as negative statement, that is the just reality of the movement by consumers in today's market. Trends show consumers expect less when purchasing a foreclosure and expect a discounted price to follow. According to a survey done by Trulia.com 65% homebuyers expect a 30% discount in the purchase price of a foreclosure, but are willing to pay on average $30,000 when purchasing a new home for things such as furniture, paint, hot water heaters, etc. Buyers are now understanding that the majority of the homes in this market are considered distressed properties, knowing now that they will likely need to put … (17 comments)
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Jerry Bronstrup
Los Angeles,
CA
More about me…
Bristol Builders, Inc. Your FHA Expert 866-775-8169
Address: 25020 Avenue Stanford, Unit 110, Santa Clarita, CA, 91355
Office Phone: (661) 294-1812 x 20
Cell Phone: (661) 816-6949
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