homes: An Old Fashioned Way of Determining Value of a Home - 06/02/08 01:42 AM
Value of housing has many variants. The value of a certain home is determined by lots of factors specific to that property. It's difficult to asign economic value to each of these factors. This is especially true when buyers and sellers do not not have complete information about each factor. Some … (6 comments)
|
homes: Proposed Expansion of FHA Loan Guarantee Program Got Help Today - 04/02/08 05:06 PM
It's good that proposed expansion of FHA loan guarantee programs got help when U.S. Senate Republicans agreed to include the idea in a compromise bill. Some Democrats agreed on April 2, 2008, to drop their controversial proposal to allow bankruptcy courts to "cram down" the mortgage debt of troubled borrowers. We could now have … (0 comments)
|
homes: NCAA Men's Basketball Final Four Time & Look at Memphis, Tennessee, Homes & Real Estate - 04/01/08 12:37 AM
It's exciting NCAA men's basketball final four time of year. We have UCLA v. Memphis State and also Kansas v. North Carolina. What powerhouses of college sports! It's great. What real estate spin get we get from these scheduled confrontations? Let's look at the Memphis, Tennessee, real estate market information provided by Yahoo:Memphis, … (1 comments)
|
homes: What Homebuyers Should Know About Basics for Mortgage - 03/31/08 10:54 AM
Loan Qualification (or "prequalification") is an opinion that your income, assets and current debts qualify you for a loan of a specified amount. This may come from a lender or Realtor. This opinion usually does not take your credit into account, and no one is committed by it. Preapproval is a conditional commitment … (0 comments)
|
homes: Are Hillary or Obama Right About Prevention of Home Foreclosures? - 03/29/08 01:41 PM
Hillary Clinton and Obama have endorsed the idea to prevent foreclosure and amending the US bankruptcy law so that troubled borrowers can have their mortgages modified in court. Does that make sense? Does she suggest that principal debt be lowered? Should government tell lenders that they must lower principal balances owed on loans? We don't think so. … (2 comments)
|
homes: Poll Shows That Most People Think Now is a Good Time to Buy a House - 03/29/08 11:25 AM
The Beazer Homes poll shows that 77% of the people in the US think that now is a good time to buy a house. This polled group was 1,006 adults nationwide between the ages of 25 to 72 with minimum household incomes of $40,000. 77 percent of respondents said that with good credit and a down … (2 comments)
|
homes: What Should You Consider When Thinking About Foreclosure Buyer Opportunities? - 03/28/08 11:22 AM
What Should You Consider When Thinking About Foreclosure Buyer Opportunities?Buyers must be pre-approved for a loan by a lender. Source of Down Payment Must be confirmed.The bank could require that you finance your purchase with them. Expect competition for your offer. Some buyers bid on multiple properties. Banks won't accept offers that are contingent on … (1 comments)
|
homes: Are Twenty Percent Down Payments Required by Lenders These Days? - 03/28/08 10:36 AM
Are twenty percent or ten percent down payments required by lenders these days? FHA loans were originally intended to help first-time home buyers, so the down payment requirements are flexible. The buyer can put as little as 3% down. In this situation it is OK if you get that money from a … (0 comments)
|
homes: What About U.S. Senate & House Negotiations on GSE Loan Limits? - 03/26/08 06:35 PM
On February 13, 2008, President Bush signed the U.S. Economic Stimulus Act of 2008 (H.R. 5140) into law. I strongly supported the provision of this bill which temporarily increases the FHA loan limit and GSE conforming loan limit to 125 percent of an area's median home price, up to a maximum … (2 comments)
|
homes: Now Is a Good Time for First Time Homebuyers - 03/25/08 08:33 PM
If you are a renter, now is a good time to think about buying your first home. Over the long term, owning your home is a great investment. It will bring you income tax breaks, eventual financial gains, some yard or place for play and enjoyment. Sellers are more motivated in … (0 comments)
|
homes: Leasing Out Your Home in this Buyer's Market to Move On and Buy Another? - 03/19/08 01:53 PM
In this South OC buyer's market, some homeowners are leasing out their homes. It's good to lease out and generate some cash, possibly take advantage of selection, house prices and low mortgage rates to buy the next place. Renting out your vacant house is a good thing, perhaps even if you must borrow against it to have money for a down … (0 comments)
|
homes: Short Sale For Sale Listings in Orange County, California - 03/16/08 09:36 AM
In the OC, California area, the MLS data showed during the week of March 12, 2008, that at about 20 percent of the residential for sale listings were identified as being short sales. However, the number of short sales that actually closed escrow is lower. About 8 percent of all closed escrows were short sales. Many of the … (0 comments)
|
homes: Economic Basis of California Remains Strong - 03/15/08 07:50 PM
The economic basis of California remains strong. The population during 2008 will grow by more than 400,000 persons. In this decade, we will probably add 5 million persons to the population. These new persons will eat, drink, buy clothing, motor vehicles, and have need for housing. California needs 240,000 new housing units each year … (0 comments)
|
;)
Links;)
Tags (Tag Cloud);)
Archives
