Foreclosure Claiming Lives of Mortgages!

Thought the housing market is on a general upward stretch, the foreclosure ratings are rising just as quickly, with bigger mortgages unfortunately headed for foreclosure. “According to numbers from real estate analytics firm CoreLogic , in December 2014 the country’s foreclosure rate fell to 1.4%, the lowest level since March 2008. But while the overall…

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Spring Buying Tips – Buyers

As the snow begins to melt, and the grass shows itself once again, the spring buying season emerges as well. Notable economist Jonathan Smoke provides us with this article, providing effective tips on spring buying. Here’s some word from Smoke on new construction: “If you are shopping in an area where new homes are being…

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2015: The Year to Buy

It’s official. 2015 is truly the year to buy your dream home. According to U.S. News, the tough market for buyers will disappear, and the power of negotiation and decision is moving back to the buyers, where it truly belongs. It also seems that the millennials are taking over the market, shrinking the population of…

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Staging – What’s the Scoop? – Sellers

“A new member survey by the National Association of REALTORS® found that 49 percent of participants who work with buyers say that staging has an effect on the buyer’s view of the home. But another 47 percent believe that staging only sometimes impacts a buyer’s view of the home. Only 4 percent of REALTORS® said…

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Half of Americans Can’t Afford It – Foreclosures

Looks like this recovery of the housing market isn’t bringing peace to everyone. About 50% of Americans are now finding it hard to afford rent payments in this “upward” economy. ““Affordability issues are real and a major hurdle,” says Lawrence Yun, chief economist at the National Association of Realtors, an industry group. Home prices have…

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FHA Making Cuts – Buyers

The FHA wants to save you money, and the President is on board. “‘Existing homeowners who refinance into an FHA mortgage will see similar reductions to their mortgage payments as well,’ said a statement from the White House at the time of the announcement. ‘In total, this action will help millions of families save billions…

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What to Tell Your Lender – Mortgages

There’s a lot to look for, before you finally confirm your processes, and finding a good lender is one of them. “Most lenders won’t choose to share their list of fees until you apply for a loan. That means sharing your personal information. The lender needs your personal information to decide whether to give you…

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Spouse Conflict and House Conflict – Buyers

The absolute worst time to buy a home is, not shockingly, when you’re having serious conflict with your spouse or significant other. “Buying a home is a commitment and a responsibility. To be successful homeowners, your goal should be to maintain and enhance the value of your home. It’s much harder to protect and grow…

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