bank repo expert: Italian TV Comes to America to Talk About Foreclosures and Short Sales
- 05/05/09 04:58 AM
This TV show in Italy is like our 60 minutes. The TV crew was touring America talking about our financial hardships that we have been experiencing here for the last year. I talked to them about bank foreclosures and bank short sales. Here is the link for Italian TV. Click on the small screen at the middle on the left to load up the video. Start 1:13.45 and go to 1:17 http://www.annozero.rai.it/R2_HPprogramma/0,,1067115,00.html Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, … (1 comments)
The Tax Credit is for home buyers (either spouse if filing jointly) who have NOT owned a principle residence during the three-year period prior to the purchase. Ownership of vacation property or rental property does not disqualify home buyers from this program. The maximum credit is $8,000 or 10% of the home purchase, whichever is less. The credit is available for homes purchased on or after January 1, 2009 and before December 31, 2009. To qualify for the full tax credit, married couples' modified adjusted gross income … (0 comments)
bank repo expert: And Now, The Good News!
- 12/08/08 12:33 AM
AND NOW, THE GOOD NEWS Consumer Reports recently published a survey, and the results indicate that there is, in fact, some good news in the real estate industry! While foreclosures and other economic factors still exert some negative impact, those buyers and sellers who have worked with real estate professionals expressed a high degree of satisfaction, both with their representatives and with their bottom line. Nearly 10,000 consumers were surveyed, and nearly three-quarters of those buyers and sellers reported that they were very or completely satisfied with their agent. More good news: 86 percent of sellers who listed with a … (1 comments)
bank repo expert: WAKE UP FROM THE AMERICAN NIGHTMARE!
- 12/01/08 04:07 PM
WAKE UP FROM THE AMERICAN NIGHTMARE Effective October 1, 2008, a housing bill was passed to help both troubled borrowers and lenders. At-risk borrowers whose loans originated between January 2005 and June 2007 may be eligible to refinance their unaffordable mortgages into low-cost, fixed-rate loans insured by the Federal Housing Administration (FHA). Whether current or in default, at least 31% of the borrower's monthly income must be tied to paying the mortgage debt. Other requirements come in to play that have to do with the total debt owed and any secondary financing. Borrowers may get information from their current lender … (0 comments)
bank repo expert: TIMING ISN'T EVERYTHING!
- 11/10/08 05:33 PM
TIMING ISN'T EVERYTHING! In light of declining sales and tougher loan requirements, many potential buyers are asking if they should buy now, or wait several months before moving forward with a decision. The thing is, you can't time the real estate market any more than you can time the stock market. Simply put, the best time to buy is simply when you need to do so. Start searching now, targeting your preferred locations and getting a sense of the local trends. Speak with local realty professionals to gauge listing times, list-to-sale ratios, and contract terms. There's no such thing as … (0 comments)
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