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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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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Delinquency Spikes Continues – S.S./Forecl.

“Delinquent Mortgage” November was a tough month for mortgage rates, proves Black Knight Financial Services. “Black Knight Financial Services, a division of Fidelity National Financial, has released its “first look” at November mortgage performance data.  The company provides this monthly preview of the data, one or more aspect of which is featured in greater detail…

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Giving Winter the Cold Shoulder – Sellers

It’s very easy to run into real estate issues during the cold winter season. However, there are some very simple things you can do to improve your sales over the brisk holidays. For example, here’s a tidbit from Blanche Evan’s article, showing you how to use the winter to your advantage: “There’s a lot about…

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Equity Boom Not Helpful – S.S./Fore.

The recent sky-rocket of American equity has been nice and plentiful, but it has still left plenty of properties underwater, financially. “The equity boom, which has added an estimated $1.6 trillion to the personal net wealth of American homeowners in the last year, has slowed dramatically. It’s not over by any means. It has just…

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Home Sales Skyrocketing! – S.S./Fore.

As or September, home sales have reached an annual high. The market’s picking back up, so it’s time for you to buy! “Existing-home sales bounced back in September, surging to the highest annual pace of the year, according to the latest report from the National Association of REALTORS®. All regions except for the Midwest reported…

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Economic Growth: For the Best? – S.S./Fore.

I hate to post on bad terms, but the recent economic growth is having an adverse effect on housing demand. But don’t fret, there are optimistic benefits; you’ll see. “The U.S. economy is definitely growing after a disappointing start to the year, but it’s a double-edged sword for housing demand. On the one hand, lackluster economic…

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Agents and Experience – Foreclosures/S.S.

If buyer’s agents are causing conflict, breathe. It’s perfectly natural, but can be easily solved. “I’ll be the first to agree that some REO agents do suck, but I’d like to shed some light on another serious problem in the “real estate owned” and distressed property world. If this issue were properly addressed, it would would…

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Transfer Wealth: The Fix – SS/Foreclosures

“The ability to transfer wealth from one generation to the next is the driving force behind ending [poverty]. Most wealth in the United States is gained from the appreciation of home values over time. Twenty-five percent of Americans’ wealth, the sum of all [assets], comes from the increased value of homes — and that number…

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Mortgage-Relief Scam? – S.S./Foreclosures

“If you’re a struggling homeowner trying to save your house from foreclosure, beware the latest mortgage-relief scam: Dozens of companies have been accused of falsely promising mortgage relief—while collecting millions of dollars in illegal upfront fees, according to a report by the Los Angeles Times. The Consumer Financial Protection Bureau recently filed three lawsuits against eight firms accused of…

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