Real Estate

http://www.North-ScottsdaleRealEstate.com

As part of the Governments Home Affordable Modification Program (HAMP) the treasury department unrolled the Home Affordable Foreclosure Alternatives Program (HAFA) which will pay homeowners to sell at a loss. This is in an effort to encourage more troubled homeowners to go through a short sale rather than a foreclosure. HAFA starts April 5th, 2010.

$1500 to the home owner to ease their transition to a new home relocation assistance
Servicing bank will get $1000.
Another $1000 can go toward a second loan, if there is one
The payments come out of the $75 Billion mortgage modification plan. As well, the program is supposed to help streamline and standardize the short sale process.

Lenders and investment pools owning many home loans get more money from short sales
Community and the lender doesnt have to deal with a vacant home (Up to 50% of vacant homes get ransacked)
Borrower gets assurance the lender will not sue for unpaid mortgage balance

Federal Program would require banks to accept offer if it is at or above the value assigned by a real estate agent

Borrower must prove hardship and that foreclosure is immanent

Here is the program outline from Home Affordable Modification Program:
https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf

Here is a Ney York Times article talking about Home Affordable Foreclosure Alternatives Program:
http://www.nytimes.com/2010/03/08/business/08short.html?pagewanted=all

Duration : 0:4:6

(more…)

Need to lease any office space? There is more and more available in Florida and other places around the country. If this continues many more companies will be out of business and bankrupt. I’ve heard over 150K businesses went bust last year.

Duration : 0:1:5

(more…)

This is a show about my family owned real estate office and our close knit team of people, our different personalities and the properties we are encountering in the current real estate market.

We would like to help educate people on the current market. For instance just one of the things many people are unaware of is that if you are facing foreclosure on your property the bank will usually provide you some relocation assistance (money) in order to vacate the property and help you get your foot in the door somewhere else.

http://www.trentrealty.com

Duration : 0:8:45

(more…)

This is a show about my family owned real estate office and our close knit team of people, our different personalities and the properties we are encountering in the current real estate market.

We would like to help educate people on the current market. For instance just one of the things many people are unaware of is that if you are facing foreclosure on your property the bank will usually provide you some relocation assistance (money) in order to vacate the property and help you get your foot in the door somewhere else.

http://www.trentrealty.com

Duration : 0:9:25

(more…)

Looking for real estate deals? Finding the right home at the right price is easy with Grand Star Realty & Auctions in Satellite Beach. Specializing in the Central Florida market, Grand Star knows where to find the big savings in short sales, foreclosures and other non-traditional listings. Whether you’re looking to sell or invest in property, for an income or for a home, Grand Star is here to help you pick the right property for you!
Visit us http://www.yellowpages.com/info-23385555/Grand-Star-Realty-Auctions-LLC?from=youtb

Duration : 0:0:47

(more…)

Rental property for rent scott, thompson management 435-753-8180. http://www.Rental-List.com Search All MLS real estate listings of homes for sale in Northern Utah, Wasatch Front, Logan and Cache Valley with photo’s, addresses, and neighborhood information. Find UT Houses and Condos, http://www.ListingsThatFindYou.com Homebased Realtors

Duration : 0:8:41

(more…)

View how a real live professional Real Estate office is set up. North Shore Enterprises’s Patrick Precourt and Bob Lachance recently surpassed their 500th short sale and are still running strong. This video is a great way to see how to set up your Preforeclosure investment office. Also, check out two of the top loss mitigators in the nation!

Duration : 0:6:31

(more…)

http://www.dodeals.com/preforeclosurelistings How to Profit from Wholesale Deals Real Estate Investing Strategy. Wholesale Deals Listings. wholesale real estate investing. buy real estate wholesale
Music by Kevin MacLeod

Duration : 0:8:2

(more…)

Tips you need to know to save you Money, Time and Stress when buying a Bank Owned property. Bank Owned real estate is a perfect investment for the First Time Home Buyer as well as the Real Estate Investor and Move Up Buyers. Learn how to find properties eligible for $100 down FHA Financing or to inquire about the special FHA Rehab Loan for Bank Owned properties.

I can be found online at http://tucson-fha-loans.com or at http://usdaruralhomeloans.com

Duration : 0:6:21

(more…)

See how the banks are manipulating the foreclosure market. You can use this information to buy foreclosures by timing your purchase.
December 8, 2008
Look at my video ‘ Real Estate market bottom’ to see how to tell the bottom.
See also video “make more money on sale of house ”
It is now apparent that there is a detailed plan to take money away from investors by conning them to buy foreclosures, and have the entire market deflate. Go to
http://www.financialsense.com/editorials/reality/2005/0403.html
You will notice this is a 2005 article.

May 23, 2008. The existing home sales came out today with an average loss of $1500 per month for the median US Home price over the last year. Most people have no conception how this is impacting their lives. If you had $200,000 in equity last year, you just lost 7% of your equity. In California, it was probably more. If you had sold your house last year and moved into a rental, you would have zero cost for living in the rental. If you had moved into 2 specific real estate purchases, you could have increased your capital and retained your mortgage deduction. You would actually be further ahead.
Losses in home equity will accelerate for the next year. If you become underwater in your present equity, you could be stuck in your present property for many years or have to come up with substantial separation money to preserve your credit rating.
The foreclosure bailout proposed by the congress is just window dressing in order to forestall a panic. What is going to happen is that this will only delay the panic, not forestall it. If you read the fine print, the lender has to agree to provisions of the bill. How likely is that?
What you see happening in the market today is that 25% of the sales are due to sale of foreclosed homes. Because of the banks holding back inventory, there are at least 4 bids for every sale.This will change shortly.
The subprime loans that are supposed to reset this summer,means that the house are really going to be back on the market by June 2009. The logic goes like this. The notice of reset for August 2008 have already gone out. In August , the owner of the subprime loan is going to do his/her best to make the payments. He will get a 2 or 3 job in some cases. Maybe his wife will too. In any case, the owner uses up his savings and cannot make the payments. This takes 2 months, on average.
The owner realizes it is impossible to continue and finally stops making the payment. His savings are exhausted, and now he has to acquire money to be able to move.He needs the mortgage payment to restore his savings, so he can move. Minimum average move is going to cost $5000 or more.
The lender now starts the foreclosure process. Sometimes the lender takes more than 6 months to prosecute the foreclosure.
Then there is another month or 2 in which to prepare the property for sale.

So, let’s see how this all adds up. 2 + 6 + 2 = 10. 10 months from August 2008 is June 2009.
So the majority of the resets will not even hit the market until June 2009. And the average length of time to sell this property will be 11 months, if not longer. So the minimum time for the market to hit the bottom will be after May 2010.
The average price decline, here in California, will be more than $2000 per month. If you invest in property today, you will lose almost all of your equity.

What no says today, is that the property that has an equity line of credit will also reset to a higher interest rate once the property falls below 110% of the initial loan amount. This is a huge overhang to the market, and could make these loans now subject to default.Who knows where this will end?
Based on this scenario, what is the best way to make money in real estate today?
Sell any real estate that you have, even into today’s declining market. Then wait for the turn in the market to buy back, better than ever. That time is more than 2 years away.
July 27, 2008 update:
As I write this, the senate just passed the foreclosure help bill. The immediate effect is to raise the interest rates on homes. Why? Because the lenders will now have to calculate how they are going to get a reasonable return on their money that they lend. They now have to include the cost of taking a writedown on their loan if the buyer defaults. The net effect of higher rates means that the price of the house has to go down if the buyer cannot increase his payment. In Stockton Calif., 1 house in 25 is now in foreclosure.

Duration : 0:3:0

(more…)