Visionary Realty News » Finance

Top 10 Myths About Buying a Foreclosure

Carlo Capomazza — Mon, 21 Jun 2010 03:38:52 +0000

Trulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight...

Fed Keeps Short-Term Interest Rates Near Zero

Carlo Capomazza — Thu, 29 Apr 2010 03:33:55 +0000

The Fed reiterated its expectation that the benchmark fed funds rate would remain "exceptionally low," as it has since December 2008, for "an extended period," despite growing concerns among policy makers that the stance was too constraining.

I’m refinancing about $160,000 remaining on a condo worth about $300,000 and discovered my mortgage holder wants$2,200 in closing costs.

Carlo Capomazza — Sun, 24 Jan 2010 23:36:27 +0000

Image by Getty Images via Daylife DEAR BENNY: I am shopping for a new mortgage (I will refinance about $160,000 remaining on a condo worth about $300,000) and discovered my mortgage holder wants about $2,200 in closing costs. I just financed with this bank three years ago and have stellar credit. There seems to be no [...]

Bernanke says poor regulation, not monetary policy, led to housing bubble

Carlo Capomazza — Mon, 04 Jan 2010 08:00:00 +0000

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Federal Reserve Chairman Ben S. Bernanke said that the central bank's low interest rates didn't cause the last decade's housing bubble and that better regulation would have been more effective in limiting the boom.

Proposed guidelines for reverse mortgages spell out potential pitfalls for homeowners

Carlo Capomazza — Sun, 27 Dec 2009 08:00:00 +0000

Too often, regulators say, seniors are poorly counseled in advance and don't comprehend what they are getting into. If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed this month by the federal regulatory agencies for financial institutions.

Bank of America responds to changing credit card environment

Carlo Capomazza — Sun, 20 Dec 2009 09:35:15 +0000

ANY AMOUNTS YOU PAY OVER THE MINIMUM PAYMENT WILL NOW BE USED TO PAY DOWN YOUR BALANCES WITH THE HIGHEST ANNUAL PERCENTAGE RATE.

10 Things Every Remodeling Contract Should Include #realestate

Carlo Capomazza — Tue, 04 Aug 2009 09:15:28 +0000

If you’re not buying or selling but randy to do something in real estate then add value to your best and likely largest investment, your home with a remodeling project. The contract is a critical step in any remodeling project; it holds the job together and ensures that all parties agree to the same vision and [...]

What's "Debt Bomb" mean in Investor Words? #Investorwords

Carlo Capomazza — Thu, 02 Jul 2009 23:28:29 +0000

Image via Wikipedia Yes, this one is used actively. Sign of the times. Defaults on debts or other obligations taken on by large financial institutions that affect not only the economy of the financial institution’s home country, but also the global financial community as well. FDIC look out. Debt Bomb Related articles by Zemanta Congress Gets Plan for Consumer [...]

Our Mission at Visionary Realty News (VRN): a Blog

Carlo Capomazza — Sat, 04 Apr 2009 20:31:49 +0000

Visionary Realty News (#VRN) blogs about realty and current events affecting your stake in the American Dream. Subscribe, read & comment. We specialize in REOs and have SFR certification. Invest With Vision and be an agent of Change. Contribute wisdom here. Please note: The following information contained herein is deemed reliable but not guaranteed and subject to [...]