If You Are Going to Buy a Bank Owned Foreclosure, Read This. - 01/28/09 10:35 AM
Excellent post by J Philip Faranda  of Briarcliff Manor, NY
These are all excellent points, especially for Agents representing buyers of bank owned properties. 
Via J. Philip Real Estate LLC Briarcliff Manor, NY:
I should first disclose that I am not, nor have I been in the past, an REO Broker. I have purchased them myself and I have represented buyers in the transactions many times over the years. It is as different an area of real estate from typical transactions as Podiatry is from Opthamology in medicine.These are things consumers must know before they purchase a bank-owned REO property here in my … (7 comments)

First Time Homebuyer Handbook Part II: 5 Questions to ask about Your Potential New Home - 01/28/09 08:40 AM
Debe Maxwell, a Real Estate expert in Charlotte, NC clarifies for us what is really going on in this market and clearly explains what buyers need to know.
She has created a Handbook for Buyers. Below is Part II
Be sure to click on Part 1 at the bottom of this post.
Via Debe Maxwell Charlotte NC Real Estate (Helen Adams Realty):


Why rent when you CAN buy?  As a renter/tenant, you're making your landlord a nice little nest egg for his/her retirement by paying his/her mortgage FOR him/her!  


Much ado is being made in the news today … (0 comments)

Mortgage Market Reports - Interest Rates climb higher !!!!! - January 21, 2009 - 01/23/09 06:24 AM
This is a MUST READ for Rhode Island buyers "sitting on the fence". Jeff Belonger states the Hard facts in his "reality check".  
Via Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages - USDA loans (Infinity Home Mortgage Company, Inc):
WARNING, this is not a negative post, it's a reality check !!!!
Fence sitters, your fence post might have broken from under you. If you were waiting for rates to drop to 4.0% or 4.5% because you read it in the paper or heard about it in the news, don't look back wishing. It's still a great time … (4 comments)

And now homebuyer's ... It's Time to Play the Home Version of ... DEAL, NO DEAL! ... (AKA)... Cash to Close! - 01/19/09 06:11 PM
For all my Rhode Island readers. Check out this post from Ron Withers, my Florida mortgage connection.  Thankyou Ron

Via Ron Withers - Mortgage Professional (Sr. Loan Officer, LMB) (Town & Country Mortgage Services, Inc.):
And now homebuyer's ... It's Time to Play the Home Version of ... DEAL, NO DEAL! ... (AKA)... Cash to Close!
So..... you now find yourself wanting to purchase a home but are having difficulty putting together the necessary financial resources to make your purchase happen....or as we call it in the business....Cash to Close!  You may be thinking that the only way that you are … (9 comments)

HOW TO BUY A HOME IN A BUYERS' MARKET - 01/10/09 07:00 PM
By this time, everyone that has anything to do with Real Estate should have heard that this is a Buyers Market.
What exactly is a Buyers' Market?
What it is supposed to be is a time when:  *Homes are priced well
 *Loans are at low interest rates 
  *People are prepared to buy.
When all of the above criteria have been met, then it can be called a Buyers' Market.
Let's take a look at today's Real Estate Climate and decide whether or not it is a Buyer's market right now.
As everyone knows, Real Estate is Local. This means that while … (29 comments)

 
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