Real estate blog entries tagged with real estate values by Randy Schulenburg, Schulenburg Realty, Inc. (Schulenburg Realty, Inc.)

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real estate values: ERASED: $150,000 on a $300,000 Loan by CHASE! And she WASN'T in default! - 07/05/11 10:02 AM

ERASED: $150,000 on a $300,000 Loan by CHASE! And she WASN'T Behind on her Payments!
Unbelievable! Did you read this article http://www.nytimes.com/2011/07/03/business/03loans.html?_r=3 from the New York Times? A woman in Miami was offered from Chase, unsolicited, to erase $150,000 off her $300,000 mortgage . . . and she wasn't even in default!
A friend of mine has been trying for two years to modify his Chase mortgage and was turned down twice. He is finally in the 'Trial Period of 3 months' which has lasted now for over 6 months. He has no indication of when his loan may be formally … (0 comments)

real estate values: Tax Credit Expiring Soon . . . Up to $8,000 Available but Could Be Less . . . - 03/08/10 02:55 PM

I talk with people weekly about the incentives given by the government to encourage people to buy homes. So many are confused about the extension of the tax credit. They seem to have much mis-information.

Below is the current, and correct, information regarding the tax credit:
How much is the credit?
For 1st-time buyers the credit is equal to 10 percent of the cost of the home up to a maximum of $8,000 (or $4,000 for a married individual filing separately). For longterm homeowners, the credit is equal to 10 percent of the purchase price up to $6,500 (or $3,250 for … (2 comments)

real estate values: Whether Upside Down or Right Side Up . . . You Now Have Options - 12/15/09 01:05 AM

Whether right side up or upside down, you now have options. Thanks to the new HARP program, we have been successful in helping numerous people refinance their mortgage, even in situations where they owe more than the value of the home. This HARP program has allowed our clients, in some cases, to even refinance without an appraisal!
The program seems designed for those who feel like they are "stuck". Their credit is good, they have a solid job, can qualify in all aspects except that they are upside down - owe more than the house is worth. They now have hope … (0 comments)

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