louisiana real estate: Seal the Deal on your Baton Rouge Foreclosure Bargain with a 203K Loan
- 05/14/09 12:10 AM
Have potentially high repair costs discouraged you from taking advantage of a great deal on foreclosed or bank owned homes? Keep in mind that while the prices are tempting, the last owner was probably short on cash to do much upkeep or the home may have been vacant for while or been vandalized by the former owners or intruders. Just because a home needs work does not mean you should pass on it if you like it. As it happens, there is a great source of funds available to enable you to make repairs and wrap the costs to do into your … (0 comments)
louisiana real estate: Become A Tree Hugger!!
- 05/01/09 03:15 AM
Have you hugged your tree today? You really should you know, it has done a lot for you! In your front yard is a beautiful mature maple tree. You don't think much about it. It is just always there. The kids sit in the shade and have picnics in the summer. In the fall you sometimes take a few moments to admire the colorful show it puts on, but for the most part it doesn't cross your mind very often. And that's ok, but your trees do more than you may know. Besides manufacturing oxygen and looking beautiful, your tree may … (0 comments)
louisiana real estate: Let's Make A Deal!!
- 04/29/09 03:50 AM
Many people who pick up the paper or turn on cable news are wondering if now really is the time to be buying a home. Economic downturns and falling house prices have been the headlines for months. What is the average home buyer really supposed to do? Should you wait, just in case the market has not hit the bottom? What about financing? With all the problems banks are facing is there even money to borrow for a new home purchase? What is the answer? "Don't believe everything you read," says Neil Garfinkel, a real estate and banking attorney from a … (0 comments)
louisiana real estate: Going, Going Gone – GO Zone Credits End This Year
- 04/27/09 01:54 AM
Some tax incentives set up to encourage Hurricane Katrina repair will end in December, 2009, not a year later as originally thought. After Hurricane Katrina hit Louisiana, Mississippi, and Alabama in August, 2005, the Federal Government setup the GO Zone to encourage redevelopment in the area. Modeled after the New York Liberty Zone incentives that were formed for parts of lower Manhattan after the 9-11 terror strike, the legislation signed by President Bush was intended to stimulate rapid, private investment within the Gulf Opportunity Zone (GO Zone). The plan offers investors GO Zone 50% bonus depreciation deduction for qualifying construction … (0 comments)
louisiana real estate: Government Mortgage Plan Begins
- 04/24/09 02:12 AM
Many distressed homeowners have been eagerly awaiting the President's loan modification program. Obama first announced the program on February 18. It took several weeks for the government to clarify the terms and for the financial institutions to update their systems and start accepting applications. Many people were becoming very frustrated but now the long awaited plan is underway!! The Treasury Department announced Wednesday the first six participants to sign up for President Obama's plan were JPMorgan Chase which will get up to $3.6 billion in subsidy and incentive payments; Wells Fargo $2.9 billion; and Citigroup, $2 billion. Also included are GMAC … (0 comments)
louisiana real estate: What's The Score?
- 04/22/09 01:20 AM
We have all heard of a credit scores, the three-digit numbers lenders use to determine creditworthiness. Credit scores, as we discussed in this blog a couple weeks ago, are used to predict how likely you are to default on a credit account or loan. They are used to set interest rates and terms. But did you know that the credit scores is not the only way a financial institution evaluates your ability to repay a loan? There are actually several scores that are affected when you make a payment or use a credit card. These scores are also used to determine … (0 comments)
louisiana real estate: Come On Down - Top Louisiana ReMax Team Seeks Agents
- 04/17/09 12:16 AM
Though I have never seen Active Rain used as a job board, I have a great opportunity available in my agency for sales team members so I thought I would give this a shot. We are the #1 ReMax team in Louisiana. Located in Prairieville, LA, not too far from Baton Rouge, we serve East Baton Rouge Parish, Ascension Parish, and Livingston Parish. At the moment we have a large new construction inventory, plus a huge client base. We offer super earning potential with no expenses! As you know, the housing market in our area is a bit different that elsewhere in the … (0 comments)
louisiana real estate: Homes Sales Take a Leap!!
- 03/31/09 11:29 PM
Well, it is not a leap year according to the calendar, but it looks like February decided to make it a leap month anyway. Existing home sales took a surprising leap in February and offered a possible sign the real estate market may be stabilizing. The National Association of Realtors said sales of existing homes grew 5.1 percent to an annual rate of 4.72 million last month, from 4.49 million units in January. It was the largest monthly sales spike since July 2003, with first-time buyers accounting for about half of all transactions. We may continue to see small increases. The … (1 comments)
louisiana real estate: A "To Do" List for Selling Your Home
- 03/30/09 12:12 AM
You've made the hardest or easiest decision; you are selling your house. What do you do now? To many, this process can be overwhelming, but it can be easier if you view selling your home as a giant "to do" list. Since you're moving, first pack your home to the bare necessities. Most realtors advise against showing an empty house but a decluttered one is perfect. Ideally, pack up everything you won't need for at least 1 - 2 months. You might even rent a storage unit for a few months for your not-needed-right-now belongings. If this is not feasible, then … (3 comments)
louisiana real estate: Help is on the Way!
- 03/27/09 12:20 AM
President Obama announced his new housing-rescue plan in early March. Help may be on the way for one in every nine homeowners. It will bring relief to low-income Americans trying to avoid foreclosure and to well-off borrowers who owe more than their homes are worth. Both are growing problems in the housing market. They are estimating the new plan will help as many as nine million mortgage holders. It has two main initiatives. In the first phase, the government will offer financial incentives and subsidies to persuade mortgage-servicing companies to give borrowers who are in trouble a little breathing room. If … (8 comments)
louisiana real estate: Who's Keeping Score?
- 03/24/09 11:01 PM
We have all heard the saying, "Who keeps score anyway?" Well, right now, everyone is. Now, more than ever your credit score carries a lot of weight. It was not that long ago, a few blemishes on your credit report did not really affect you much. Beyond a doubt, that has changed. A credit score below 620 can make it very difficult, if not impossible, to be approved for a loan. If you do get approved, it will be at higher rates. So is there anything you can do to improve your score? There is a good chance there is. The … (2 comments)
Have potentially high repair costs discouraged you from taking advantage of a great deal on foreclosed or bank owned homes? Keep in mind that while the prices are tempting, the last owner was probably short on cash to do much upkeep or the home may have been vacant for while or been vandalized by the former owners or intruders. Just because a home needs work does not mean you should pass on it if you like it. As it happens, there is a great source of funds available to enable you to make repairs and wrap the costs to do into your … (0 comments)
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