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owner financing: ABQ realtors pitch in to fill mortgage gap - 09/09/11 02:06 PM
Nineteen Albuquerque real estate brokers from 13 different companies are working together with Sunwest Trust to fill a vacuum created by the tight credit restrictions that make it virtually impossible for many people to get mortgage loans. Consider:
· Mortgage denial rates were up nationwide by 15% in 2010, and are anticipated to be higher still in 2011
· New Mexico has the 6th highest mortgage denial rate in the country, with 33.7% of loans denied in 2010
· Denial rates are even higher among minority applicants and self-employed borrowers, and “jumbo loans” requiring higher … (0 comments)
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owner financing: Placitas Home Sales Turning the Corner? - 09/05/11 05:13 PM
Statistics thus far for 2011 make it appear that homes sales in Placitas, NM may have turned the corner. Average sales prices for single family homes in Placitas had steadily declined from 2007 through 2010, while time on the market had steadily increased. But figures for 2011 year-to-date show a turnaround in these figures.
Both in terms of average sales price, and in terms of average dollars per square foot, sales for 2011 are up slightly from the figures for 2010. At the same time, the average time on the market had decreased. See the graphs below for details:
All data … (0 comments)
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owner financing: Owner Financing Open House Tour in Albuquerque Area - 09/01/11 04:53 PM
Mark your calendars now for the huge, multi-broker Owner Financing Open House Tour in the Albuquerque area on September 16th!
You, too, can kiss those mortgage company rules goodbye, especially the impossible hoops they want you to jump through to obtain a "Jumbo Loan," because the owners of dozens of high-end, executive homes in and around Albuquerque, NM, are offering owner financing. And their listing agents have all gotten together to hold all these properties open on one grand Open House Tour on Friday, September 16, 2011 from 4-7 p.m.
There will be homes in both Northeast and Northwest Albuquerque, plus … (4 comments)
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Laura Warden
Albuquerque,
NM
More about me…
Choices Real Estate
Office Phone: (505) 263-0665
Cell Phone: (505) 239-4796
Email Me
Greater Albuquerque neighborhood, community, and real estate tips, updates, and info
provided by Laura Warden, Albuquerque real estate and horse property specialist.
My husband, Brian, and I provide four detailed websites to serve your specific needs:
This blog and our websites all provide current tips, updates, community news and information relevant to buyers and sellers of real estate in Albuquerque and surrounding areas, plus news and resources for New Mexico horse owners.
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