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Recently Published: Banks to allow local groups to buy foreclosures The largest mortgage lenders in the country, including Bank of America Corp. and Wells Fargo have agreed to let the groups purchase the properties ahead of private investors. Neighborhood organizations will have up to 48 hours to evaluate bank owned property before professional investors get to view and bid for purchase....read more Fannie Mae: First Look Gives Home Buyers An Edge Fannie Mae markets its REO through its HomePath Properties. Under the new incentive program, owner occupants and public entities that buy a HomePath Property between now and December 31, can receive up to 3.5% of the purchase price in closing cost assistance...read more Real Estate Investing 6 Ways To Buy Property No Money Down By Dennis Henson Is it possible to buy property for no money down? Of course--there are many ways to totally finance the purchase of real estate. It just takes some imagination and some O.P.K. (Other Peoples Knowledge). Who's Lending Now Signaling that big banks are healthier and no longer need extraordinary lending practices. Many of the large banks have surplus capital now and can self fund as necessary. Other big banks, responsible for 60% of all mortgage loans before the crises, cant be far behind. NAR Monthly Report: Sales Up In 2009 And Then Dip By early summer the overall market should benefit from more balanced inventory, and sales are on track to rise again in 2010. But, jobs are the key concern. without job creation we could see a dampening of the housing recovery Fannie Launches the First look Program Fannies supply of foreclosed homes keeps growing. The First Look program is designed to help owner occupants buy homes. Its a new program aimed at toward stabilizing neighborhoods and building stronger communities in tough times.read more.. Renters Who Lose Homes to Foreclosures Foreclosed Homes: Most of the occupants are homeowners , who must scramble to find housing with very little notice. They're being joined by scores of renters who discover, often with no warning, that their rented house or apartment is now owned by a bank, which wants them out. A Functioning Market Niche More seniors are turning to reverse mortgages to supplement their retirement savings, which have been decimated by market losses. You can purchase a principal residence without a mortgage payment using a Federally Insured Purchase Reverse Mortgage. For those individuals with cash who want to move closer to family or buy into a senior housing community, its an option. Internet Home Pricing Models: Are They Good Yet The online Pricing Models like Zillow or Realtytrac are very popular and fun to use. But, you should understand the limitations...they arent that accurate yet and heres why Why Buy Investment Property or Do I Want to be a Landlord Multi family housing less risky and more affordable. Although its more work and requires good business management skills it can be rewarding, especially when single family homes look like a risky buy. Is Landlording is Right For You: What it Takes So you own your home and your thinking of an investment property. Now this is not just real estate but a small business needing attention and good management skills. Owning your home is one thing, landlording is quite another. Exterior Home Inspection Checklist When you are buying or selling your property, its a good idea to have a home inspection. Here is a checklist that will help you cover all your bases Interior Home Inspection Checklist Heres a checklist for a home inspection that you can use as a visual aid when looking to buy. It should never substitute for a professional inspection, but this may help you get to the short list. Ten Important Questions to Ask Your Home Inspector You need a home inspection when you buy or you may be headed for some expensive surprises! The inspector should ensure that their inspection and inspection report will meet all applicable requirements in your state if applicable and will comply with a well-recognized standard of practice and code of ethics. Escrow What Is It and How Does It Work Escrow is very complicated and it must be done exactly according to instructions and in a timely manner or you can blow the deal or find yourself in a law suit. Hire a professional firm...heres why Rental Properties Can Be a Good Investment If you own a rental unit(s) then its very helpful to know why renters move and what their new choices are. This is the basis of knowing your customer and what the market is saying. Know this and your rentals priced right and rent fast How to Use the Internet to Shop and Search Your New Home The internet has become the most common way to shop and search for your new home. Here is a guide to some of the ways the net can help you sleuth out the best buy for you and save you money too! Checklist for Mortgage and Insurance Coverage Shopping for your dream house? It’s important to keep insurance in mind throughout the home buying process. Most lenders won’t provide a mortgage without insurance coverage. Lease Options or Rent to Own? This is a technique often used by real estate investors in periods when the interest rate is rising fast. This way they hope to buy the home at a lower interest rate on a later date. The Purchase Agreement This is where both buyer and seller commit to act to transact the purchase and sale of real property.Here are some important tips that can help you get a better deal
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