Articles
What Agents Need to Know About Short Sales
March 4, 2010 Posted by Bernadette Espinoza, Fidelity National Title
Phoenix, AZ – March 4, 2010 – (RealEstateRama) — Unsurprising to many real estate agents, short sales are expected to dominate the market in 2010 and 2011, with REOs declining in importance as lenders are discovering that they lose less money on short sale transactions.
Salt Lake City FBI and Utah Division of Real Estate Name Top Five Mortgage Scams in 2010
February 4, 2010 Posted by Utah RealEstateRama
Is someone letting you live in a home for free?
Did a builder offer you deep discounts to move into a newly constructed house?
Has a company offered to refinance your mortgage for a fee?
If the answer to any of these questions is “yes,” then you may be a victim of a scam. FBI special agents and [...]
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Homebuyer Tax Credit – Morgan Hill Real Estate Update
December 23, 2009 Posted by Will Klopp - APR Morgan Hill
Morgan Hill, CA – December 23, 2009 – (RealEstateRama) — After much speculation by the general populace (and the real estate industry) and much consternation by Congress, the much-anticipated extension of the First-Time Homebuyer Tax Credit has been passed.
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Mortgage Interest Rates Hit New Low: How Does This Impact Investors?
December 23, 2009 Posted by Dave Zundel
Phoenix, AZ – December 23, 2009 – (RealEstateRama) — Long-term mortgage rates fell to a new low in December, according to the Phoenix Business Journal, with a 30-year fixed-rate mortgage averaging 4.71 percent, the lowest rate since at least 1971, when Freddie Mac started keeping track. While this is excellent news, it is important for investors to remember that much like credit cards, an interest rate is heavily dependent on the borrower’s credit history. According to Ron Kuhn, Senior Mortgage Planner at AmeriFirst Financial, investors often mistakenly believe that all interest rates are equal from borrower to borrower; however, it is much more involved that just a current rate quote. Most are locking in rates that fall between 4.875% and 5.125% due to factors such as loan size, property type, Loan to Value (LTV) and credit scores
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