Become a Fan of Atlanta Real Estate, submit all of your mortgage/real estate questions and get answers. It’s just that easy... 2009: A Year In Review and 2010: A Real Estate Forecast After enduring three years of a declining real estate market, 2009 brought a much needed break for the hard hit real estate sector. Driven largely in part by the economic stimulus that helped the housing market emerge from the recession, it leaves many of us wondering what is next for real estate. Will housing prices rebound? Will the new extended and expanded tax credit be just what … (0 comments)
mortgage crisis: The New Wave In Renting…..Lease to Own
- 04/08/08 04:46 PM
A new breed of lease purchase home buying programs are springing up like daisies and they couldn't be sprouting at a better time. With current mortgage forecasts being unfavorable it’s not surprising lease options today are gaining favor. Lease Purchase Homes is a lease combined with an option to purchase the property within a specified period, usually from 1 to 3 years. The borrower pays an option fee, 1% to 5% of the price which is credited to the purchase price. If the purchase option is not exercised, the buyer loses both the option fee and the rent premium. The … (2 comments)
A new report has predicted the subprime mortgage crisis will cause African Americans to lose up to $213 billion, leading to the greatest loss of wealth in modern U.S. history.
The figure appears in a new report from United for a Fair Economy called “Foreclosed: The State of the Dream 2008.” The group accuses mortgage lenders of deliberately targeting the poor and people of color with high-cost loans. Reports show racial bias of subprime mortgage lenders account for nearly … (0 comments)
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