arcadia real estate: Obama's Making Home Affordable Offers Exciting New 105% Refinance Options
- 04/15/09 04:49 PM
Making Home Affordable is a new plan to help keep homeowners in their homes. One really great part of the plan includes a new refinance option for homeowners who are trying and keep their homes. A lot of ideas surround helping homeowners who are in default or already close to foreclosure. Some loan modifications and short sales even require that homeowners be delinquent on their mortgage payments before being eligible and by this time it can be already too late to keep an owner in their home. The difference in this plan is that it targets responsible homeowners who have paid … (0 comments)
arcadia real estate: Short Sales, Part 2: Working with a Short Sale Expert
- 10/24/07 06:12 PM
Continued from Short Sales, Part 1: Taking Advantage of the Buyer's Market Why Work with a Short Sale Expert? When it comes to purchasing short sales, INFORMATION IS KEY. Work with an agent and company that is experienced in short sales to maximize your chance of a smooth, successful transaction. An experienced knowledgeable real estate agent can give you a competitive edge when it comes to finding the right home in the following ways: 1. Shorter Escrow Periods As you may know, short sales often require much longer escrow periods, sometimes between 3-6 months. This is a result of a large … (0 comments)
arcadia real estate: Short Sales, Part 1: Taking Advantage of the Buyer's Market
- 10/22/07 07:54 PM
What is a short sale? Pre-Foreclosures, also known as short sales, occur when the selling price of the home minus all closing costs amounts to less than the total loan amount (the first and if second mortgages combined). This differs from foreclosures which is when a buyer fails to pay his or her mortgage for a period of time, typically 6 months, and the bank takes ownership of the property making the house a Real Estate Owned or REO. For example, an owner purchased a home in the real estate boom for $500,000 with 0% down with an interest only loan. … (0 comments)
Discussing general and local area real estate subjects. Specific areas include San Marino, South Pasadena, Pasadena, Temple City, and Arcadia Real Estate.
Making Home Affordable is a new plan to help keep homeowners in their homes. One really great part of the plan includes a new refinance option for homeowners who are trying and keep their homes.;)
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