Vacation Real Estate: Is it a Good Time to Invest?

By lheraty | Published: September 18, 2009

There are many questions when it comes to investing in real estate today one of which is, is it a good time to invest in vacation real estate? Currently it is a buyer’s market almost anywhere in the Country, as well as many locations overseas. If you can acquire financing or have the extra cash … Continue reading Vacation Real Estate: Is it a Good Time to Invest?

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Home Affordable Refinance Program Can Help Those Whose Home Values Have Dropped

By lheraty | Published: September 14, 2009

The Home Affordable Refinance program was designed to help home owners lower their monthly payments while at the same time securing lower interest rate mortgages. The program is aimed at helping home owners whose mortgage loans are more than the value of their home. The program had a value set at 105% and under the … Continue reading Home Affordable Refinance Program Can Help Those Whose Home Values Have Dropped

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Trying to Sell Your Home? Helpful Things to Prioritize

By lheraty | Published: August 17, 2009

If you are trying to sell a home in today’s market there are a few things to keep in mind that will help your home stand apart from the pack.  Prioritize and analyze what will fit in your budget and take the steps necessary to make your home show well and appeal to prospective buyers.

Fresh [...]

Posted in Home Buyer and Seller Tips, repost, Sellers | Tagged | Comments closed

What Exactly is an REO Property?

By lheraty | Published: August 12, 2009

What is REO property?  REO (real estate owned) is property which has been taken back  by the lender.  REO properties typically sell for less than comparable real estate listings as the lender usually wants to recoup the value of the loan which is traditionally less than the valueof the property.  The differences between REO property [...]

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Consider Seller Financing If you Are Having Trouble Finding A Buyer

By lheraty | Published: July 30, 2009

As we are all too aware, obtaining a mortgage today is much harder than it was just last year. One new concept that is becoming more and more popular is ‘Seller Financing.’
The ‘Seller Financing’ concept can give home sellers an edge over competition as it fully eliminates that large obstacle so many buyers face today, [...]

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Is Refinancing Your Mortgage The Right Thing For You?

By lheraty | Published: July 28, 2009

Since mortgage rates have decreased and have been hitting record lows lately, many people are considering refinancing their mortgages. This can be a very beneficial thing to do if you have all of the proper information.
 
For starters, you should always read through your current mortgage to find out if you will have to pay penalties for [...]

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Attention: First-Time Home buyer $8,000 Tax Credit Expires 12/01/2009

By lheraty | Published: July 21, 2009

If you decide to purchase a home by December 1, 2009, you will be entitled to an $8,000 tax credit. This amendment to the economic stimulus bill will be available to if you purchase your first home between 1/1/2009 and 12/1/2009. Home buyers will be entitled to claim a total tax credit of $8,000 or 10% of the [...]

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Do Not Believe The Many Myths You May Have Heard About Short Sales

By lheraty | Published: July 20, 2009

If you currently are in a situation where you must sell your home and you owe more on your home than what it is worth to sell, a short sale can be a very good solution to your problem. Many myths have evolved over time, but understanding the reality is a way to help yourself. [...]

Posted in Home Buyer and Seller Tips, repost, Short Sale | Tagged | Comments closed

Options To Consider Before Giving In To A Foreclosure

By lheraty | Published: July 19, 2009

 Today in the United States there are more and more homeowners facing the devastating financial challenge of foreclosure. Many times it can be avoided. Here are a few options besides foreclosure, along with a short explanation of each.

Reinstatement: This option is extremely simple, but the most difficult. The homeowner asks the mortgage company the total amount owed and [...]

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The Three Most Important Things Lenders look For When Qualifying A Short Sale

By lheraty | Published: July 16, 2009

There is so much misinformation out there these days about Short Sales. While this transaction may be a somewhat complicated process, here are the three very uncomplicated things lenders are looking for to see if you qualify:

Financial Hardship: This is defined as a verifiable reason that has or will cause you to miss a payment, [...]

Posted in Home Buyer and Seller Tips, repost, Short Sale | Tagged | Comments closed

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