foreclosure: Going…Going…Gone? How Long Will These Low Home Loan Interest Rates Hang Around? - 11/23/09 12:44 PM
This week, I’m locking in interest rates lower than I’ve ever seen before, lower than I’ve even gotten for my own personal home loans on a wholesale basis. I really did not expect to see 15 year conforming fixed rates back at the 4.25% I locked my own interest rate at … (5 comments)
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foreclosure: Medford Oregon Neighborhood Stabilization Buyer in the News - 11/18/09 11:25 AM
Working with a lot of first time home buyers over the years prepares one to expect challenges in the mortgage process. One recent transaction that should THANKFULLY close before Thanksgiving was probably at the top of the challenging range. I found out some things on the journey with these buyers. Some … (4 comments)
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foreclosure: Will realtors ever stop saying "Now is the time to buy and sell real estate". Just give us the facts, ma'am. - 11/17/09 10:43 AM
Like "location, location, location", "timing can be everything" is part of the equation when a buyer is determining the "right time to buy". Is it the right time to buy - FOR YOU?
Thanks for posting some great points in the decision making process, Pacita!
Via Pacita Dimacali - … (2 comments)
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foreclosure: Clash of the Titans | Bank Owned Foreclosure Homes vs. FHA |VA| USDA Home Loans PART 2 OF 2 - 11/16/09 10:37 AM
Really what this boils down to is one question. Banks selling Foreclosure Home Inventory… why do you accept the offer of a buyer using FHA or USDA home loan financing programs if you are unwilling to negotiate their lender’s required repairs?
Yes, we all read in the MLS sheet the … (2 comments)
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foreclosure: Clash of the Titans | Bank Owned Foreclosure Homes vs. FHA|VA|USDA Home Loans PART 1 OF 2 - 11/16/09 08:46 AM
In this battleground home buyers and sellers find themselves on in today’s real estate market, it is often necessary to work our way through conflicting goals to reach the ultimate goal, a successful closing on the sale of a bank owned foreclosure home to a ready, willing and able buyer. That … (2 comments)
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foreclosure: Beware of Hidden Costs in Your Home Purchase Transaction - 11/10/09 10:22 AM
After a series of winter-like storms rolling through our corner of the world, the latest in a stream of “hidden costs” associated with the purchase of bank owned foreclosure sale transactions came to my attention. Working with a lot of first time buyers who often work very hard to come up … (10 comments)
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foreclosure: Thanks, Neighbor and Thanks, Bank of America/Countrywide/Fannie Mae/Freddie Mac – NOT! - 11/03/09 03:47 PM
There are some great Realtors here in Southern Oregon, dedicated to their profession and their clients. One of them, our 2010 Rogue Valley Association of Realtors President, Krista Bolf, knows where I live and lets me know what sales are happening in the neighborhoods where we own property. Yesterday, Krista Bolf … (0 comments)
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foreclosure: Where Is Louise Dix? - The Ongoing Saga of Oregon Neighborhood Stabilization Program - 10/06/09 07:21 PM
Monday October 5th was the official release for the State of Oregon’s Neighborhood Stabilization Program. The City of Medford Oregon which has its own program funding released on September 4th but put the program back on hold. Why? Could it be because the City removed Louise Dix from her position as … (4 comments)
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foreclosure: Failure to Launch – Will Oregon NSP Be Like the Twenty-Something Child that Never Moves Out? - 09/24/09 07:48 PM
The mortgage/real estate industry has forced us die-hard survivors to engage, adapt, change, and above all things, BE PATIENT. For the most part, this has not been a great personal challenge for me – I LIKE change, know how to adapt, and under most circumstances can be extraordinarily patient. I’m methodical … (2 comments)
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foreclosure: Current Foreclosures for Sale in Jackson County Oregon - 09/16/09 10:34 AM
As a mortgage banker | broker here in Southern Oregon, I was happy to see Adam Bogle of Coldwell Banker ProWest in Ashland Oregon has posted some "hopeful" news with the number of available foreclosure homes on the market here in Jackson County Oregon. I'm working with several buyers who … (4 comments)
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foreclosure: 24 Good Reasons for Using The Oregon Neighborhood Stabilization Program in Medford Oregon - 08/16/09 12:19 AM
Do you need a good reason to take the step to get preapproved for your financing in order to purchase a home? How about 24 good reasons? How about finding out if you are eligible to receive $50,000 in Neighborhood Stabilization Program funding to help you buy a home?
These homes … (2 comments)
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foreclosure: Have You Encountered Financial Difficulties and You Have An Oregon Bond Loan? - 06/24/09 04:47 PM
I have heard from several Oregon Bond borrowers now who are struggling due to financial hardships, and running in to difficulties due to the owner occupancy requirement and the potential recapture tax provision a homeowner may face on an Oregon Bond loan when they sell their home and their income has … (2 comments)
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foreclosure: A Successful Home Affordable Modification Story! - 06/09/09 12:45 AM
A call came in this weekend from a client I worked with back in 2005. We had worked together on multiple real estate transactions for her in Southern California, and again on the purchase of her move up house in Ventura County.
Due to the timing of this latest … (4 comments)
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foreclosure: Southern Oregon Homeowners, You’ve Heard of Short Sales, But Have You Heard Of Short Refinancing? - 05/05/09 04:31 PM
So, you heard about the really nice low interest rates people are getting on their mortgages, and you thought "hey...I'd like to save money every month to put back in to my budget". You made a call or two, and found out "I'm sorry, Mr./Ms. Homeowner, but we can't help you … (0 comments)
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foreclosure: California Homeowners - Looking for Reasons to Hang On Instead Of Throwing In The Towel? - 02/12/09 06:33 PM
So, you are "stuck" with a 6.25% interest rate on your 30 year fixed rate mortgage for $400,000. You are bent out of shape because you really were hoping to refinance in order to get a mortgage interest rate in the 4's, like people you know have done recently. Should you … (0 comments)
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foreclosure: Great Loan Option For Owner Occupied Buyers Purchasing Homes Needing Repairs - 01/30/09 07:03 PM
Oregon Home Buyers and Real Estate Brokers, here's a tool you might put in your home buying chest. Did you know that if the property being purchased is an eligible property on the USDA Guaranteed Rural Housing loan program:
•a) Not only are some lenders able to fund these loans right … (3 comments)
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foreclosure: Investors May Finance Up To 12 Properties - 12/03/08 03:16 PM
Here in Southern Oregon where we haven't experienced the same level of real estate market devastation as California, Florida, Nevada and Arizona there is still a silver lining to be found in our beautiful puffy cloud skies.
With market values in Jackson County Oregon roughly 8% lower in our year over … (2 comments)
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foreclosure: Do You Believe Lease Options Are A Viable Tool In Today’s Market? - 11/03/08 12:13 PM
With the number of homeowners losing their homes to foreclosure, the tightening of credit underwriting guidelines requiring a longer time frame since a borrower has had a bankruptcy or foreclosure filing, and an expanded inventory of available homes for sale, has this created the ideal environment for using Lease Options to … (15 comments)
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foreclosure: Sometimes It’s a GOOD Thing To Be In The Bottom Five - 06/30/08 07:20 PM
So often we focus on being in the "Top 5...This" or the "Top 10...That". Well, although I have some what of a competitive nature, I was thrilled to read in an article in our local newspaper, the Mail Tribune, that I live and work in a "Bottom Five State". That would be … (3 comments)
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foreclosure: Is It Time To Refinance That Re-Setting Adjustable? - 12/14/07 04:06 PM
So, Jackson County Oregon Homeowners, is it time to refinance?
Are you an Ashland - Talent - Phoenix - Medford - Jacksonville - Central Point - Eagle Point - Ruch, Oregon homeowner who took out an Option ARM? Have you called your CPA for the 3rd time to confirm you made … (0 comments)
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