Archive for the ‘Foreclosures’ Category

The National Association of Realtors announced today that pending home sales are up. This is the fifth straight month of positive gains in pending home sales, this one significantly higher than expected. Great News? Good News? Neutral News? Bad News? Depends on your perspective. Read More

I have expressed my opinion before as to what I think about loan modification companies. I have also published instructions in what to do to avoid foreclosure, that doesn’t include calling a loan modification company and paying them money up front to do the same things you should be able to do yourself. Read More

I don’t just read my blog, I also try to keep up with other people in the Real Estate Industry that know what they are doing and talking about. One of the people that I follow on a regular basis is Todd Clark, a super Realtor in the Portland Oregon marketplace. Todd has good information, especially when you look at what he has to say about the Portland area. He is a real promoter of Portland and in turn Oregon. Read More

I know that there are still people sitting on the fence about whether or not now is the right time for them to buy a new home, but there is a bit of urgency attached to the process too. The First Time Home Buyer Tax Credit of up to $8,000 will go away on December 1, 2009 as currently authorized. Read More

Foreclosures and bank owned properties are getting a lot of play in the media right now and many buyers are focusing on these properties, along with short sales while trying to find a great deal on a house. For a change, I want to switch my focus from the buyer (the one I deal with) to the seller because I think there is some erroneous information out there about the difference between a foreclosure and a short sale as it concerns the owner of the property. Read More

Here we are, well into a new year and an economy that leaves some things to be desired. Although I am seeing an increase in home purchases, especially for first time home buyers from the Realtors® that I work with, the decrease in home values is still troubling to say the least when working on refinance transactions for my past clients. In too many cases, the value of the property has gone down and getting a refinance done has been significantly harder. I have to think the reason the purchases are up has to do with low rates and the first time home buyer $8,000 tax credit. Read More