Posts Tagged ‘foreclosure’

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. Read More

There seem to be a lot of great deals offered through the Fannie Mae HomePath program in the Eugene/Springfield, Lane County area of Oregon, that I am going to pick a few each week and put that information out there that these properties are available for only 3% down and no mortgage insurance with Fannie Mae willing to contribute 3.5% to closing costs. The one I chose today is 1,510 square feet with 4 bedrooms and 1 bathroom and it is listed at $139,900. Real Estate Investors also can get a good deal on a HomePath home with only 10% down with no mortgage insurance. Read More

It has been some time since I promoted the HomePath program in the Eugene and Springfield areas. At that time, there weren’t very many homes in our area that qualified for the program, but that has changed. Basically, what HomePath does is allow the purchase of selected Fannie Mae owned foreclosures with lower down payments and no mortgage insurance, both owner occupied and investment (rental) properties. Now, they are offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on this site that are closed within this period may receive up to 3.5% of the final sales price for: Read More

I was reminded of the number of scammers out there yesterday when my cell phone rang and an automated voice told me that I was eligible for a lower interest rate on my credit card(s), all I had to do was press 9 and someone would help me. Now how do I know this was a scam? Well, I pressed 9 and after hearing the spiel from the guy on the other end, I asked if he was affiliated with my current credit company. His answer? Dead air until he hung up without a response. 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

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