stimulus package: holidays work do you work during the holiday's
- 12/01/09 05:04 PM
Jingle bell jingle bell jingle bell rock.....What a blessed time of the year and happy holidays to all. Do people buy or sell home during December? That is not a question. The question is DO YOU HELP PEOPLE buy or sell property in December? People that need to buy will buy. People that need to sell, will sell. That is the way it goes. The rest of the world doesnt shut down Christmas. You need to, and must do time for your family, friends, love ones etc....The same time their are people that NEED your help. Clients purchase and sell for … (5 comments)
stimulus package: $8,000 tax credit coming to an end! December 1st 2009
- 09/06/09 06:57 PM
The First Time tax credit ends December 1st 2009! That means your escrow needs to CLOSE on or before that day! Yes there is talk of extending it but currently that is not the case. The tax credit is for $8,000. Lets take a look at what that really means. You could purchase a property around $225,000 and your 3.5% FHA downpayment is going to be a little under $8,000 and if you can get your closing costs paid you are now effectively purchasing the property with little to no downpayment! Okay it can be better! The interest rate is a … (0 comments)
stimulus package: watch the language on your short pay approvals!
- 08/27/09 09:38 AM
Okay its been 2, 3, 4 months and FINALLY, you look in your email or efax and guess what THE APPROVAL LETTER FROM THE LENDER ALLOWING YOU TO COMPLETE YOUR DISCOUNTED PAYOFF (short sale) That's great we are ready to proceed now correct? Well maybe not so fast. Some of the lender are putting language in their approval letters giving the bank the right to come back after the seller any deficiency amounts at a later date. Hey no big deal they NEVER come back right? There is too many they aren't equipped to go AFTER so many customers later, heck … (6 comments)
stimulus package: Whats next?
- 08/12/09 11:50 AM
Clients and friends are calling me all the time asking me, Whats next? Are we at the bottom? Will interest rates go up? Are there more foreclosurses coming? Should I buy now? Should I sell now? Truthfully the answers are generally I do not know! There are no soothsayers in this business, although some may self proclaim to be. We can only go by trends, data, and history. Each person, each family has a unique situation that requires carefully examination before developing a plan on what to do. That will determine, What's Next! One thing I do believe is good or bad, … (1 comments)
stimulus package: Loan modification, short sales, and REO's
- 08/04/09 07:55 AM
Okay let's have some straight talk. Our administration is trying to set a standard of home preservation versus foreclosure. The biggest "carrot" being dangled is the TARP money. Bottom line lenders need to show they are ATTEMPTING to keep people in their homes with loan modifications first, and if that is unsuccessful allow people to short sale (which in most cases is less costly to the lender and saves government money) then foreclosure and go REO. Problem in my opinion is not the theory, but the application! I personally believe the government is on the right path in a bad situation, … (0 comments)
stimulus package: Reo are coming! Short pays too!
- 06/01/09 04:37 PM
Right now the hold on REO's has been lifted. My friends that are REO agents just jumped into hustle mode. In certain areas we have noticed property come to the market the last few days we had not seen for awhile. Buyers you are going to have a window of opportunity to get a good deal with good rates. It is very possible rates may go up higher. Right now you be prepared. What do I mean by that? Have your pre-approval ready, know what you're looking for, be prepared to make a decision. If see it go for it. Hesitation … (0 comments)
Helping buyers and sellers in the Santa Clarita and San Fernando valley, all through Valencia, Castaic, northridge, granada hills. Goal is to provide good information and promotion for customers to make good decisions for their familes. www.thewalkerteam.info
www.theelginandpilarwalkerteam.com
www.elginwalker.com
Jingle bell jingle bell jingle bell rock.....What a blessed time of the year and happy holidays to all. Do people buy or sell home during December? That is not a question. The question is DO YOU HELP PEOPLE buy or sell property in December? People that need to buy will buy. People that need to sell, will sell. That is the way it goes. The rest of the world doesnt shut down Christmas. You need to, and must do time for your family, friends, love ones etc....The same time their are people that NEED your help. Clients purchase and sell for … (5 comments)
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