foreclosure: Prices: Distressed and Non-Distressed Properties
- 03/15/12 08:01 AM
According to the latest information available from the Realtors Confidence Index survey, the price discount for distressed property relative to non-distressed property is in the neighborhood of 15 to 20 percent. What does this mean for REALTORS®? On average, non-distressed property is basically a different market from distressed sales. Many Realtors® have indicated that distressed properties are not meaningful comps. Realtors® have also mentioned that they caution clients interested in non-distressed properties not to expect the same level of discount to market as is the case for distressed properties.
Jed Smith, Managing Director, Quantitative Research Jed Smith is Managing … (0 comments)
foreclosure: Do You Know What You Are Signing When You Sign Fannie Mae's Addendum Re: Foreclosure Purchase? Buyers Beware!
- 04/06/11 10:31 AM
Buyers do you realize that you are signing all your rights away when you sign Fannie Mae's Addendum to purchase a foreclosure property? Make sure you read and fully understand what you are signing. 16. Representations and Warranties: The Purchaser represents and warrants to the Seller the following: (a) The Purchaser is purchasing the Property solely in reliance on its own investigation and inspection of the Property and not on any information, representation or warranty provided or to be provided by the Seller, its servicers, representatives, brokers, employees, agents or assigns; (b) Neither the Seller, nor its servicers, employees, representatives, brokers, agents … (7 comments)
foreclosure: Suze Orman or Warren Buffet: Whose Real Estate Advise Do You Follow?
- 03/22/11 04:38 AM
Suze Orman - The Oprah Winfrey Show regular guest and Americas Financial Advisor as she is called delivers hardcore financial gut checks to everyday Americans on a regular basis. In her latest book, The Money Class, she also recently delivered a pretty striking declaration: that the American Dream - which, for many, includes home ownership and upward economic mobility - is as dead as a doornail. To back this up, she points to huge numbers of jobless and what she sees as the near impossibility of getting credit these days. And then there is Warren Buffett. He just happens to be the third … (5 comments)
foreclosure: 1099'S For Short Sale Home Sellers
- 02/09/11 08:52 AM
Most of the sellers who have sold their home in 2010 as a short sale you should or will be receiving a 1099 in the mail. A 1099 is a form to report income to IRS, in some instances the mortgage company will send the 1099s to IRS stating that their loss (the difference between what you owed the mortgage company and what the property was sold for) is considered income to you. HR3648 If you normally file your taxes your self, it is my suggestion that this year you take all of your paperwork to a tax accountant for preparation. Eventhough you have … (0 comments)
According to the latest information available from the Realtors Confidence Index survey, the price discount for distressed property relative to non-distressed property is in the neighborhood of 15 to 20 percent. What does this mean for REALTORS®?
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