Posted on February 25th, 2010 by Carlo Capomazza
Because luxury homes are often one-of-a-kind and there are fewer sales in such a narrow marketplace, groups that track statistics pick varying points as the cutoff for this market. Homes priced at $2 million and above — the dividing line at Trulia.com, a San Francisco-based website that tracks the market using Multiple Listing Service feeds — account for most price drops nationwide. Such homes represent less than 2% of Trulia listings but are responsible for 24% of the dollar volume in asking-price reductions.
Filed under: Buying, L.A. Times, Luxury Properties, Real Estate Market, VRN | No Comments »
Posted on February 25th, 2010 by Carlo Capomazza
Foreclosures are still impacting the housing market and this will likely continue through 2010. This Updated Field Guide provides foreclosure information and resources for REALTORS® and their clients, including information for those interested in investing in foreclosed properties.
Filed under: Buying, Economy, Foreclosure, Real Estate Market, VRN | No Comments »
Posted on February 7th, 2010 by Carlo Capomazza
Important advice to anyone planning to contact their lender directly for a loan modification: The key here is to be tenacious. These lenders and servicers (lenders) are large with hundreds, and even thousands, of employees. Whenever you call your lender, you should plan on being on the phone for a long time (figure an hour [...]
Filed under: Foreclosure, Investor Words, Mortgage, Real Estate Market, VRN | No Comments »
Posted on February 5th, 2010 by Carlo Capomazza
Banish the clutter! Trim the bushes! Hide your Star Wars collection! Take down the family pictures! What things can you do to prepare a house for sale? You’ll find tips, hints, thoughts and ideas for sprucing up, cleaning out, decorating, staging, creating a great first impression and making a house appealing to buyers in this Updated Field Guide.
Filed under: Business Services, Selling, VRN | No Comments »
Posted on February 4th, 2010 by Carlo Capomazza
What’s new in the NAR Information Central library collection? This month you’ll find books on urbanism, real estate investment, vacation homes, remodeling and many more. Interested in borrowing any of these titles from the library? Simply click on the title to make your request right over the web!
Filed under: Real Estate Market, Realtor, VRN | No Comments »
Posted on February 2nd, 2010 by Carlo Capomazza
Faster Sales Coming For Foreclosure Buyers
Foreclosure buyers got a Christmas Eve goodie from Fannie Mae, a new strategy that’s likely to make foreclosure purchasing very much quicker. The catch? A bunch of lenders are about to be very unhappy.
Until the recent real estate meltdown, foreclosures were a problem but not too much of a [...]
Filed under: Commentary, Mortgage, Real Estate Market, Short Sale, VRN | No Comments »
Posted on February 2nd, 2010 by Carlo Capomazza
The latest idea bubbling up in the world of real estate is the use of principal reductions to stem the foreclosure tide, the theory being that if we lower mortgage balances then homeowners will have smaller monthly payments and fewer foreclosures. It sounds great, but don’t look for lenders to gleefully cut mortgage balances anytime soon. In fact, principal additions rather than principal reductions are the rule of the day.
Filed under: Commentary, Economy, Foreclosure, Mortgage, Politics, Real Estate Market, Selling, Short Sale, VRN | No Comments »
Posted on January 24th, 2010 by Carlo Capomazza
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 [...]
Filed under: Commentary, Credit, Finance, Money-Saving, Mortgage, VRN | No Comments »
