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15 Articles match "Buying","Ideas","Properties"
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Don't Dump Investors
Blinder, a professor of economics and public affairs at Princeton University and a former vice chairman of the Federal Reserve, could not be more clear: He suggests that the government should develop a federal program to buy out mortgages from lenders, just as it did during the Depression — to “refinance only owner-occupied residences. Its not the governments job to bail out speculators, or those who made the decision to buy a home they knew they could never afford.” Don’t Dump Investors By Peter G. Miller When it comes to bailing
www.realtytrac.com
- Tuesday, February 3, 2009
The Government Goes After Loan Officers
Stated income loans hurt everyone, the home buyer, the institution who buys the loan on the secondary market, and even the home shopper who does not inflate their income to purchase a home. Just ask yourself: How many borrowers really knew what “recasting” means or that monthly payments could readily go up 50 percent or more with some loans? How many borrowers were told about prepayment penalties or understood their size and potential importance? How many borrowers understood the impact of negative amortization, the idea that loan balances could rise? “The SEC allegations
www.realtytrac.com
- Tuesday, February 3, 2009
No Mortgage Meltdown For These Banks
not far from Manhattan, Hudson City Bancorp has a lending philosophy that dates back decades: You can get a dull, boring, mortgage from Hudson at a very low rate — but only if you put equity into the property. As one example, Hermance says that of 50,000 New Jersey mortgages his bank bought back just two properties during a recent 12-month period. percent of No Mortgage Meltdown For These Banks By Peter G. Miller The news from Wall Street in recent weeks has not been good, especially in the world of mortgages.
www.realtytrac.com
- Tuesday, February 3, 2009
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How to Buy HUD Home Foreclosures - RealtyTrac
How Can I Buy HUD Home Foreclosures? Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Government properties. More than 1 million total properties including For Sale by Owner, HUD Home Foreclosures, Resale, and Home Auctions! Almost anyone can qualify... Almost anyone can qualify to buy a home owned by the U.S. Department of Housing and Urban Development (a HUD home) so long as they
www.realtytrac.com
- Tuesday, February 3, 2009
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As Home Prices Plummet, When Will You Buy?
Does this make it a good time to buy real estate? have access to credit have fat cash reserves aren't already over-exposed in real estate have a secure job or income stream expect to hold the property for at least two years" But be forewarned, prices are expected to fall further, and will take awhile to rebound, according to many economists. "I We'd like to hear from you when and if you plan to step in and start buying. Home prices in 20 of the nation's major metro areas in July were collectively down 16.3 percent from a year ago, according to the
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Foreclosure Mortgage Loans - Estimating the Costs Involved - RealtyTrac
Foreclosure Mortgage Loans: Estimating the Costs Involved Search Properties | Free 7-Day Trial Search nearly 650,000 Foreclosure and Bank-Owned properties. More than 1 million total properties including REO, For Sale by Owner, and Home Auctions! In a buyer’s market... it can be tempting to jump at the great deals that seem to be popping up on every corner. However, realize that most of those bargain properties won’t
www.realtytrac.com
- Tuesday, February 3, 2009
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Fed Plays a Delicate Balancing Game With Rate Cut
The problem is, many industry analysts are starting to come around to the idea that this “correction” may not bottom out until either year’s end 2008 or sometime in 2009. Home builders giving out automobiles as incentives to buy a new home. The good news for real estate investors and anyone else looking to buy real estate at below market prices anyway, is it looks like the inventory of available foreclosure In a move aimed at quelling fears of a looming recession, the Federal Open Market Committee took the country’s teetering monetary affairs seriously two weeks ago and lowered the short term federal funds rate another quarter of a percentage point to 4.5
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective: Cape Coral, Fla.
Your comments, questions and feedback are welcome. Gloria Tate Raso Realty, Inc. I work with buyers in my area; new jargon and issues are making buying a home more difficult than ever before. Many of the best deals in our area are bank-owned properties. The homes sit for a very long time and the property continues to fall into disrepair. Editor's Note: This is the first in a series of guest blog posts from members of the RealtyTrac Agent Network . The agents will be sharing their insights about what is happening on the ground in their local housing market, particularly
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Another Approach to $700 Billion Bailout
If the refinancing program was limited to half of the homeowners who will probably lose their homes to foreclosure, Uncle Sam would need to provide loans worth $220 billion. "(Another) alternative idea works like this: Instead of replacing loans, give lenders an amount equal to 15 percent of the mortgage principal in exchange for concessions. If a property was sold and the entire amount was not repaid, the borrower would be required to pay $500 a year until the debt was fully paid off. Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Local Market Perspective, SW Florida
Eventually those who were unable to make obligations to their monthly payments had to surrender those properties back to the banks and now the banks need to unload them. Move forward two years and that is where we are today, when a young professional who might only make “starter pay” can now move to our area and buy a three bedroom, two bath home under $90,000 they can make since of their payment. I was talking with a group of teachers the other day and for the first time in a few years I didn't hear them say "We can't afford to take this position in Southwest Florida".
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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Can "Appreciation Sharing" Solve The Mortgage Mess?
Under equity sharing there can be an owner-occupant who lives on the property, a non-occupant owner such as a family member or investor and both owners can get tax breaks. If property values go up with equity sharing both owners profit. If property values fall then the owners split the losses in accordance with their ownership percentage. Can “Appreciation Sharing” Solve The Mortgage Mess? By Peter G. Miller We’re about to see something new in the mortgage marketplace: The government is going to insure huge numbers
www.realtytrac.com
- Tuesday, February 3, 2009
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Don't Dump Investors
Blinder, a professor of economics and public affairs at Princeton University and a former vice chairman of the Federal Reserve, could not be more clear: He suggests that the government should develop a federal program to buy out mortgages from lenders, just as it did during the Depression — to “refinance only owner-occupied residences. Its not the governments job to bail out speculators, or those who made the decision to buy a home they knew they could never afford.” Don’t Dump Investors By Peter G. Miller When it comes to bailing
www.realtytrac.com
- Tuesday, February 3, 2009
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New Poll: Buyers to Remain on the Fence
A majority of those polled for the survey expressed pessimism over the nation’s housing contraction (as the Federal Reserve calls it) enough to not consider buying a home anytime soon. The idea that home prices may indeed have much further to fall before finally recovering next year or even in 2010 has people nervous and unprepared for what the future might hold. Thats where working foreclosure If the results of the latest Associated Press-AOL Money & Finance poll are any indication, prospective home buyers will be keeping their wallets closed and remain on the fence at least until the latest economic downturn blows over.
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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