Interesting proposal by Realogy that is proactive way to help jump start the housing market and economy. First, I probably have to get some disclosures out of the way mainly because I have ties to Realogy in some way or another. This is kind of funny, NRT operates Realogy, which in turn runs these franchises: [...]
Bailout for Fannie Mae and Freddie Mac, what it means for Twin Cities real estate
September 9, 2008 By Leave a Comment
If you haven’t already heard, or maybe you could just care less, mortgage giants Fannie Mae and Freddie Mac where bailed out on Sunday by the federal government. Fannie and Freddie back close to 50% of all mortgages written in the United States. The government sponsored enterprises buy loans from banks and package them into [...]
Cash is King in REO Properties, Unless…
August 11, 2008 By Leave a Comment
With lending starting to tighten up because of recent legislation passing and the shake ups at major banks, some home buyers are starting to find it difficult to find lending on certain properties. Those properties are none other than REO properties that are flooding the market right now. Why can’t buyers get funding? Since most [...]
What the BLEEP is a 203k?
June 10, 2008 By 3 Comments
Photo Credit So you want to buy a dilapidated home but don’t have the cash flow to fix the property after you purchase the home, what to do… You’re in luck, how ’bout a 203K. Never heard of it? Perfect! Neither have I. But I am pretty sure the United States Department of Housing and [...]
Know Your Fees
May 31, 2008 By Leave a Comment
A recent study shows that the mortgage industry takes advantage of consumers being confused of what they are purchasing when it comes to home loans. It is important to work with a reputable lender and make sure you ask plenty of questions about the fees and where they come from View the article here from [...]
