« July 2007 | Main | September 2007 »

Aug31
Flippers Contribute To Foreclosure Increases
With the volatile real estate market changes, there are many reasons cited for the market’s moves.  Flipping, or the buying, fixing and selling of a property at a higher price can also be cited as a reason for market changes, and has been noted as one cause of an increase in foreclosures.

The Mortgage Bankers Association has studied the numbers, and stated that non-owner occupied housings are seeing an increase in defaults.  So, an increased number of foreclosures can include borrowers who purchased homes for repair, and found themselves unable to sell once the repairs were complete.  Others may have purchased, rehabbed, and refinanced their property at a higher price, and then found themselves again, stuck holding a property they could not afford.

Source
Aug30
Buy a house in the neighborhood you love, now
Despite the news of subprime mortgage woes each week, if you can afford to do so, buying a house right now is truly a great idea.  The subprime market is suffering, but if you can qualify for a 30... Continue Reading
Aug29
Avoid Mortgage Rescue Scams
In this, the season for mortgage fraud, it’s important to note that there is also “mortgage rescue” fraud.  Yesterday, I mentioned a couple of programs created to help buyers who are victims of sub prime loans.  Today, just a... Continue Reading
Aug28
Non profit organizations help borrowers with subprime loans
Brief mentions of aid available to help homeowners in the media has created a demand for organizations offering the help.  Recently, the National Homeowner’s HOPE Hotline, and the Neighborhood Assistance Corporation of America (NACA) came forward with two separate... Continue Reading
Aug27
*Monday Market Madness: Interest Rates Are Up*
Mortgage rates are reportedly 6.62 on average this week.  This is up 6.59 from last week, proving that there aren't any slows for 30 year fixed mortgages in the prime market.  Despite foreclosures rising on sub prime loans, the prime... Continue Reading
Aug24
Fun Real Estate Fact
I was browsing a few websites today, just checking out some interesting things about housing, and real estate.  I decided to highlight some of the fun things I find on Fridays when I find something interesting.   Today I thought it... Continue Reading
Aug23
Countrywide Still Lifting Weights
The Wall Street Journal is reporting a deal today between Bank of America and Countrywide Home Loans worth $2billion dollars.  The move is said to boost investor and public confidence.  Countrywide is displaying it’s power, making moves to beef... Continue Reading
Aug22
Leona Hemsley: Real Estate Queen...of Mean
Leona Hemsley, died in New York on Monday, at 87 years old.  Long known as the "Queen of Mean" for her personality, Ms. Hemsley is a pioneer for women, in real estate. Leona Hemsley was really, the Queen of... Continue Reading
Aug21
Changes In The Industry.
In an effort to neutralize the mortgage and housing industry, there will have to be some major changes that will start with the government.  Last week, Democratic president hopefuls weighed in on their ideas and strategies regarding the mortgage industry.... Continue Reading
Aug20
*Monday Market Madness*
The market has officially gone mad! Or, so we hear! It is hard to believe that every day, I can find a news article regarding the "terrible" mortgage market.  Had you heard the term "subprime" as often as you do... Continue Reading
Aug17
Don't Bankrupt Countrywide Just Yet!
It was recently rumored that the widely popular and successful Countrywide Home Loans is looking at bankruptcy.  Based on what I know about Countrywide, I’d say hold on to your hats, and wait this rumor out.  Though there are... Continue Reading
Aug16
Bracing For The Storm...
In light of yesterday's post, it seems Texas is gearing up for a new storm.  Tropical storm, Erin is expected to hit this morning, as the state prepares for the aftermath and possible damage. The storm isn't expected to rise... Continue Reading
Aug15
New Orleans Historic Homes Receive Funding
There is an interesting article at CNN.com today, regarding funding for homes in New Orleans post hurricane Katrina.  It seems that there are over 35,000 homes in New Orleans that qualify for the National Register of Historic Places.  There are... Continue Reading
Aug14
A Stigmatized Property: Would You Buy It?
Recently, a home in Canada hit the market for thousands of dollars less than homes of similar size, and stature. Located in a small town, the home has new paint, new flooring, new walls, a deck, and fenced backyard.... Continue Reading
Aug12
Need A Property Manager? You Are Just A Click Away from AllPropertyManagement.com
Sponsored Review I believe what makes the internet so appealing is the fact that you can find just about anything you want, with just a few clicks. In the real estate industry, with service providers becoming more difficult to find, I... Continue Reading
Aug10
Finding a new neighborhood
Are you looking to move, and don’t know where you want to go?  Perhaps you grew up in an area, but never really ventured outside of it.  Or, maybe you are moving to a new city.  Here are a few... Continue Reading
Aug 9
Share-House, Share Housing Online Free
Sponsored Review With real estate interest rates going up, pushing many buyers out of  eligibility for loans, it may be a good idea to follow the lead of a great Australian website, Share House.  Share House is a website that... Continue Reading
Aug 8
Luxury Buyers In Trouble Too...
Interest rates recently took a hike, following the lead of big lender, Wells Fargo.  Last week, for a 30 year fixed loan, you could find rates as low as 6.875%.  This week? Try 7%.  For some, that may not... Continue Reading
Aug 7
Real Estate Marketing-Demand It!
Property Cleaning with Dallas Carpet Cleaning.  Keeping your home's furniture and carpets clean is what we do best. Now that listing your home on the MLS, and waiting for calls isn't working, what do you do?  It's important for Sellers... Continue Reading
Aug 6
*Good Monday Morning News*
Traditionally, mortgage lenders have little patience for borrowers in trouble.  In fact, you can take a look here, and see how specific states deal with borrowers facing foreclosure.  However, in light of the sheer turn facing the mortgage industry... Continue Reading
Aug 3
Another one bites the dust…American Home Mortgage Shuts Down
Bankruptcy, mergers, closings.  Not particularly words you would think of when thinking of the real estate and mortgage industry.  Long held as an industry filled with longevity, it seems that recent law changes, and increased interest rates have many struggling... Continue Reading
Aug 2
Don't Let Closing Cost Prevent The Closing
Ready to dive in and buy that house you've been looking at?  Be sure to have a clear understanding of the costs for purchasing, before you make an offer!Traditionally, closings costs are the cost associated with the purchase of your... Continue Reading
Aug 1
Foreclosure Tips….
The word foreclosure is a heavy word.  For some it may be a sad reminder of a financial situation gone wrong, and the loss of a home.  For others, it may be lead to hope of finding a good real... Continue Reading

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