Being rich and famous is certainly no guarantee of future wealth, nor does it protect you from the law, paying your debts, or becoming a victim of the housing crisis. We hear daily about the record number of foreclosures that are affecting consumers across the country, but it is hard to imagine somebody we perceive [...]
Entries Tagged as 'Real Estate'
Foreclosure Affects the Rich and Famous As Well
November 3rd, 2009 · 2 Comments · Consumer Debt, Mortgages, Real Estate
Tags: famous foreclosure victims·foreclosure·housing crisis·mortgage debt·Real Estate·rich and famous·rich foreclosure victims
How Do Short Sales, Loan Modifications and Foreclosures Impact Your Credit Score?
September 10th, 2009 · 3 Comments · Credit Bureaus and Scores, Mortgages, Real Estate
I attended a class at my real estate brokerage last week dealing with short sales and other types of “distressed” properties. With the market (at least in the Phoenix area) now comprised of over half short sales and/or bank-owned properties, it is imperative for real estate professionals to be well trained and knowledgeable in order [...]
Tags: credit·Credit Score·deed-in-lieu of foreclosure·FICO score·foreclosure·housing market·loan modifications·Real Estate·Short Sale
First-Time Homebuyer? The Time to Buy is Now!
September 2nd, 2009 · 2 Comments · Mortgages, Real Estate
If you have been following the media circus over the past year or so and in particular, the onslaught of news reports regarding the housing market, it is understandable to be very wary about listening to a real estate agent stating that it is “time to buy”. But the signs are there, and it isn’t [...]
Tags: First Time Homebuyer·housing market·housing recovery·Real Estate·real estate recovery
New Mortgage Regulations Implement Protections, Closing Delays
August 21st, 2009 · No Comments · Mortgages, Real Estate
If there is one thing that is certain in life (and real estate), it is change! On July 30 of this year, changes were implemented by the Federal Reserve that can significantly affect the timeline for mortgage loan closures. If you are in the market for a home, or are trying to complete a first-time homebuyer [...]
Tags: closing delays·consumer protections·GFE·mortgage loan·Mortgages·new mortgage regulations·Real Estate·RESPA
