You’ve likely heard a lot of buzz about buying foreclosure properties at auction. While auctions often get bidders good homes at great prices, they are becoming overcrowded and often result in bidding wars. Consider using another strategy: hunt after good REO properties. What is an REO property? It is foreclosed house that has gone to [...]
Entries from February 2009
How To Get a Great Price On An REO Property
Feb. 13th, 2009
Credit Crunch – Why Did We Have It?
Feb. 13th, 2009
In 2007, the financial markets were abuzz with talk of a “credit crunch.” It was portrayed as some unusual and unpredictable outside force like an asteroid impact or a cold winter storm. However, it was not unexpected, and it was not caused by any outside force. The credit crunch began because borrowers were unable to [...]
Save Water and Your Wallet
Feb. 13th, 2009
Most advice on saving water requires replacing toilets, visiting several hardware stores, or even calling on an expert. You can go that way – or – you can do it yourself. Here are some cheap and easy ways to save on your water bill without fancy hardware, expensive help or hours spent doing research at [...]
Housing Bubble Credit Expansion – Credit Inflated the Housing Bubble
Feb. 13th, 2009
The housing bubble was inflated by a massive expansion of credit and the influx of capital into residential mortgages. The expansion of credit took four forms: lower interest rates, lowering or eliminating qualification requirements, different amortization methods, and higher allowable debt-to-income ratios. Lower interest rates expand credit by allowing larger sums to be borrowed with [...]
Remodeling Mistakes That Can Virtually Kill A Home Sale
Feb. 12th, 2009
So many people are remodeling homes before trying to resell or flip houses. But mistakes are being made that could make your home difficult to market. Like the couple we saw on TV who took the closets out of 2 basement bedrooms and slashed the resale value of their home. They literally turned their home [...]
Successful Realtor Postcards Checklist – Generate More Seller Leads
Feb. 12th, 2009
Realtor Postcards have been used by agents for decades to create new business. Used correctly, these mailings can be a very effective marketing tool. However many agent waste thousands of dollars each year creating poorly designed postcards. This article provides the basic rules you should follow for every single Realtor Postcard you mail. What You [...]
Radon Gas Identified as the Second Leading Cause of Lung Cancer
Feb. 12th, 2009
According to the American Lung Association, Radon Gas has been identified as the second leading cause of lung cancer. Obviously, smoking is the leading cause of lung cancer. The information is released in conjunction with studies that suggest approximately 20,000 deaths each year in The United States are caused by exposure to radon gas.
Loan Modification Explained
Feb. 12th, 2009
Because of recent foreclosure booms, loan modification is getting more and more popular as a way out of mortgage trouble. The process of loan modification can get you out of a tight spot when you\’re experiencing financial hardship. Let\’s look at what happens when you try mortgage loan modification.
Buying Denver Condominiums
Feb. 12th, 2009
Prices of Denver condominiums have steadily been decreasing over the past 3 years. Average listing price of condos has been $189,000 in 2005 to $171,000 in 2008 and they continue to fall, but the price declines have been less than the decreases for single family homes. That is a reason why one should consider buying a Denver condominiums.
Mortgage Refinance Overwhelming Lenders 2009
Feb. 12th, 2009
Mortgage Refinance has created a surge in the financial lending sector, creating a somewhat unexpected but welcome spike in business during the lending\’s struggling economic times. Rates have dropped below 6% as soon as the Federal Reserve mentioned they were going to buy mortgage-backed securities to stimulate consumer financing once again. The dramatic drop in mortgage rates has had a direct influence over mortgage finance and has proven some lenders under-prepared.