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Lenders paying borrowers to do short sales
Posted February 21, 2012
Lenders are allowing more short sales by financially strapped homeowners and a few people are even getting cash to complete the sale. Short sales are when lenders allow borrowers to sell homes for less than their unpaid mortgages. They are an alternative to foreclosures. Short sales have been increasing for months, but the financial incentives…(Continue Reading)
9 Tips to Winning A Multiple Offer Home Bid
Posted February 10, 2012
Often times people find themselves in a multiple offer situation, whether it’s the time of year, a very desirable home or an appealing listing price. How can you increase your chances of winning against competing home buyers? Although the winner is usually the most qualified home buyer with the best price and the fewest strings…(Continue Reading)
Fed Identifies Markets Primed for Bulk REO-to-Rental Programs
Posted January 10, 2012
The Federal Reserve is throwing its support behind a large-scale REO-to-rental program to address the oversupply of vacant foreclosed homes and prevent property values from falling further. In a white paper distributed to key lawmakers on the House and Senate banking committees, the Fed notes that in contrast to the market for owner-occupied homes, the…(Continue Reading)
Property Disclosures: The Right To Know
Posted January 3, 2012
As buyers and sellers, you should be aware of your rights and responsibilities relating to disclosure of property conditions. These exist because of laws enacted by Congress and state legislatures and from principles that have evolved from case law or court opinions. Many states have adopted laws requiring property sellers (record owners as well as…(Continue Reading)
Real Estate Offers Many Investment Opportunities
Posted December 28, 2011
An investor can choose from a variety of investment opportunities depending on the level of risk they are willing to take. Real estate alone has many choices which have made a lot of people build wealth quickly. However, this type of investment may not be for everyone. “Because of the risk involved, anyone who is…(Continue Reading)