Posts tagged as:

Foreclosures

Most People Who Bought In 2009 Expect 10%

Real Estate Buyer Trends November 18, 2009

According to a recent NAR survey, 73% of all buyers expect a 10% or more appreciation in the next 5 years.
The survey asked 1004 buyers about their thoughts on their purchase.
Here’s the highlights:

1 out of 8 buyers are planning on buying for investment.
25% of buyers are buying or plan to buy foreclosure (THIS MEANS THAT [...]

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Real Esate Market Conditions – September 2009

October 5, 2009

Sales are up, way up by 7% and interest rates are low, however, there’s still a lot of inventory. Buying a home and moving quickly now are key if you are wanting to capitalize on the first time home buyer credit.

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Tenants Now Protected In Foreclosed Rentals

Thumbnail image for Tenants Now Protected In Foreclosed Rentals July 8, 2009

So you are home from work relaxing watching re-runs of Friends and suddenly your front door is kicked open and a big burly man with a gun comes in, points the gun at you and claims that he’s the sheriff.
Sound like something out of the show COPS or maybe a move starring Johnny Depp, but [...]

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Georgia Home Buyer Tax Credit

Thumbnail image for Georgia Home Buyer Tax Credit May 12, 2009

Governor Perdue signed HB 261 yesterday creating a Georgia income tax credit up for the purchase of an eligible single-family residence.
Although the bill was signed yesterday, the credit is limited to eligible purchases made between June 1, 2009 and November 30, 2009.
The credit created by HB 261 can be claimed one time per taxpayer [...]

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Obama Just Paid You To Buy A Home

April 15, 2009

For the past 5 months I’ve heard about Obama’s plans non-stop. Not a single one of his plans have done or will do anything for the American economy. I’m not here to rant about bailouts, handouts or bonus checks. I’m here to talk about something incredibly awesome.
Sure you COULD get a [...]

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Deal or No Deal – Real Estate is Changing Again

February 11, 2009

The phone is ringing, is it the bank?  You might want to pick that up.   There’s some new stuff coming and you need to know what is coming if you are a buyer and if you are seller.
First, what is coming:
2009 Will forever be known as the year of the Short Sale . 2007 [...]

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Fannie Mae Policies On Short Sale Through Foreclosure

January 27, 2009

I often get asked about the difference between the impact of a short sale and a foreclosures.
Here is a summary of Fannie Mae loan policies that went into affect on August 1, 2008.  This represents the time period that must elapse before borrowers can demonstrate they have reestablished an acceptable credit history after the occurrence of the bankruptcy [...]

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Why Short Sale? Short Sale VS Foreclosure

December 23, 2008

It’s come full circle, I’m loving short sales from a seller representative standpoint due to the fact that it helps get them out of a situation that could devastating to them financially.  For a long time I’ve not enjoyed showing short sales to my buyers, simply due to the hassle.  Having closed several this [...]

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Fannie & Freddie Hold Off On Foreclosures

November 25, 2008

In a sort of odd Christmas Present to some home owners, Fannie Mae and Freddie Mac has post-poned foreclosing on about 16,000 homes until Jan 09.
"This is another news item that the government is hoping will stem the tide of foreclosures," said Walter Schmidt, head of mortgage strategy at FTN Financial Capital Markets in Chicago. [...]

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What is a Foreclosure?

October 14, 2008

As many of you know the real estate market is flooded with foreclosures.  However, there seems to be some misconceptions about what a foreclosures is.  Some mistakenly think that all foreclosures are HUD homes.
HUD homes are not the only foreclosed homes out there. Foreclosed homes are often mis-categorized. There’s Pre-Foreclosure, Auction and Post-Foreclosure homes [...]

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