Articles
Buying Foreclosed Property from a Bank
March 4, 2010 Posted by Peter Connor
New York, NY - March 4, 2010 - (RealEstateRama) — Most banks are in the business of making money from loans on houses, not from actually owning houses. Therefore, when they are required to foreclose on a bad home loan, the first thing they want to do, after they finalize the foreclosure process, is to sell the house in question. They merely want to recoup as much as possible of their loan amount as quickly as possible. As a result, for the smart investor, there are often great bargains available in the foreclosure market.
NeighborWorks Recognizes Black History Month by Offering Tips for Homebuyers to See If They Are Ready for Long-Term Affordable Homeownership
February 3, 2010 Posted by NeighborWorks
 For more than 30 years NeighborWorks America has strived to help make the dream of affordable homeownership a reality for underserved populations. For some time, however, families were priced out of the market and homeownership was a distant dream. Today there is improved affordability and tremendous opportunity, which makes homeownership an achievable dream for potential […]
Several Ways to Find Cheap Foreclosures
February 1, 2010 Posted by RealEstateRama
Los Angeles, CA - February 1, 2010 - (RealEstateRama) — Because of the collapse of the subprime market and the growing number of unemployment, the real estate market is swamped with affordable foreclosures. Foreclosure means disaster to some people but a gold mine for others. If you are one of those people who want to jump on the bandwagon of foreclosure investing, there are some ways to make sure that you are getting a better deal. But the first thing you need to remember is that though foreclosed homes are cheap, you can still get better properties at a very low price. All it takes is to know where to look for these good deals.
What is a Diamond Blade
January 28, 2010 Posted by Gila Diamond Products
January 28, 2010 - (RealEstateRama) — A diamond blade is a circular steel disc with a diamond bearing edge. The edge can have one of three configurations: segmented, continuous rim or serrated.
The Mortgage SAFE Act: Safe, or an Act? Check Your Mortgage Expert Carefully
January 7, 2010 Posted by Joffrey Long
Granada Hills, CA - January 7, 2010 - (RealEstateRama) — Refinancing to the wrong residential loan could cost you your home, ruin your credit and disrupt family. In an attempt to combat faulty lending practices, earlier this year, lawmakers passed the Secure and Fair Enforcement Mortgage Licensing Act “SAFE Act.” It establishes a national standard mandating consumer protection against fraud and misleading lending practices. Crafted to abolish shoddy residential lending, SAFE primarily institutes a system for licensing and registering loan originators. California must comply with enact requirements by the end of 2010
Mortgage Lending Expert: Home Price Trends
December 23, 2009 Posted by Joffrey Long
Granada Hills, CA - December 23, 2009 - (RealEstateRama) — Where are home values going? Do real estate pros and economists have the inside scoop - and they just aren’t sharing? ………not quite.
Best Housing Market Forecasts in 2010
December 21, 2009 Posted by Housing Predictor
Destin, FL - December 21, 2009 - (RealEstateRama) — Housing markets in a dozen states are forecast to appreciate in the annual Housing Predictor Best 25 Market Forecasts in 2010, demonstrating an improving trend is developing in many markets scattered throughout the U.S. Markets in Ohio are strongly forecast to rebound even in the midst of the worst economy since the Great Depression. Home prices have dropped to levels in many areas of Ohio that forced buyers off the fence and into new homes. The trend should gain momentum with the government’s expansion of the federal tax credit. Cities in Nebraska, Texas, West Virginia, South Dakota, Michigan, Pennsylvania, Louisiana, North Dakota, Delaware, Alaska and Virginia have also been named to the list.
A Loan on Half a House?
December 21, 2009 Posted by RealEstateRama
What if your client only owns half the house? And the other owner can’t sign – can you get them a loan? Granada Hills, CA - December 21, 2009 - (RealEstateRama) — Nancy was in just that bind. She inherited ½ of her aunt’s house - her brother inherited the other half. She needed to borrow money right away for repairs to the house-– the problem was that her brother was in the middle of a nasty divorce, and couldn’t sign anything.
Loan Dispute Mediation
November 18, 2009 Posted by Joffrey Long
Granada Hills, CA - November 18, 2009 - (RealEstateRama) — While opinions differ on the percentage of loan workouts that wind up in default, there’s no question that a large number of them do. Foreclosure often leads to disputes, which lead us to mediation. Mediation, which should not be confused with arbitration, (FN1) is simply a formalized attempt by the parties to resolve differences, with the assistance of a skilled third party negotiator. Mediation can be brought about by a contractual agreement (that originated prior to the dispute) or by mutual agreement when a dispute arises.
Commercial Real Estate Loans: Approaching the Commercial Lender
November 3, 2009 Posted by Joffrey Long
You’re searching for commercial real estate financing - what’s the best approach to take in contacting lenders? Granada Hills, CA - November 3, 2009 - (RealEstateRama) — Commercial lending is far less standardized than getting home financing, and has a whole language of its own. You and the commercial loan officer will generally discuss the tenancy and income or the property, if it is rented, and the property type, before getting into the borrower’s qualifications. The loan amount and terms you’ll obtain will vary greatly, depending on different property characteristics.
