Investment and Upside Down Expert

Mortgage applications drop to an 8 year low last month.  What does that mean for our economy and the real estate market in particular?  Low turn over hurts everyone but it can also mean that we have reached the bottom.  Look at what happened to real estate prices 8 years ago after hitting the low...

Are you in the middle of a Chapter 13 payoff?  Are you making payments to the trustee each month on time?  Are you struggling to rebuild your credit?  Do you have equity in your home?  If you can answer yes to these questions, you probably do not know that you can still refi your home with a gove...

Seller assisted down payments are going away.  With the current legislation that was just passed, seller assisted programs are going away.  If you are buying a house with the Nehemiah, you need to move on it as quickly as possible.  No one knows for sure but it looks like your deal must close pri...

If you are a borrower or if one of your clients find themselves in a situation where they can not afford their house payments anymore, tell them about the FHA secure loans available now.  The nuts and bolts of the deal are that the existing lender has to agree to take 90-95% of the current value ...

In a previous post I mentioned the opportunity that exists in the Detroit market.  I got comments back.  Some of which agreed with me and some the were dramaticly opposed which to me once again shouts that the opportunity is there to make money.  By the time everyone jumps on the band wagon, the ...

Two opportunites I continue to hear about in the market today.  One is in Detriot Michigan.  I undertand that properties can be purchased in the downtown area for significantly less than their appraised value and most importantly at a value that is cash flow positive day one.  Something certainly...

There are a large number of services that offer borrowers the ability to have someone else negotiate lower payments, reduced principal, longer repayment terms, and any combination of these.  Most of these services charge $3,500 or more.  Most people do not realize that most of this negotiation ca...

Shockingly things are actually looking up in some areas.  Comparing between housing availability and absorption rates is a key indicator in Real Estate.  It tells us how long it would take to sell all of the current listings assuming no maore properties are listed and purchase volumes remain cons...

Foreclosure Options: Short Sale, Mortgage Modification, or Just Walk Away The adjustable rate mortgage sure sounded good a few years back; you got 100% financing at a very low interest rate; fixed for 3 years before it resets or adjusts according to the market. You probably had a plan to sell the...

So, okay, I was trying to get a little alliteration into that title, but it was kind of hard! Anyway, the Los Angeles Lakers and the Boston Celtics are going to be facing each other for the NBA Championship for the first time in over 20 years.  Boston fans are understandably more excited than Lak...