Written on January 15, 2012 by Rose Ryrie
Foreclosure filings jumped 22.9 percent in Oregon and 23.6 percent in the Portland area during the month of October. The numbers are still down from the same month last year a 3.6 percent decline for Oregon and an 8.1 percent decline for the Portland area. But California real estate data firm RealtyTrac, which released the numbers on Monday, says the monthly increases are a sign banks are ramping up foreclosures stalled by documentation problems last year.The October foreclosure numbers continue to show strong signs that foreclosure activity is coming out of the rain delay weve been in for the past year as lenders corrected foreclosure paperwork and processing problems, RealtyTrac chief executive James Saccacio said. Full article…
Posted in Home Loan Consultant | Comment Now!
Written on January 13, 2012 by George Geoghegan
When you decide to sell your land – whether it be farmland, timberland, ranchland or hunting land, be sure to ask the agent about the websites where your land will be listed. After you ask about websites then ask about social media websites. We’ll do a two-part series and cover social media next time so let’s start with websites.
For residential properties the big three are Realtor.com, Zillow.com and Trulia.com. Although some may include Yahoo, it is really just a Zillow feed. For all practical purposes these websites are useless when it comes to the land market. They
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Posted in Mortgage Help | Comment Now!
Written on January 10, 2012 by Brooke Wardlaw
Do you try to save energy in your Chicago real estate? Maybe youll try harder now that your ComEd bill is going up.
Why not make it a New Years Resolution to take more steps to cut energy consumption and costs in your home? You can start on January 10, which is National Cut Your Energy Costs Day.
There are many small steps you can take to make a big difference in your home.
Here are some ideas on how to get started:
Even when you turn off your electronics, they are running on phantom energy. Plug your computer, TV and other home electronics into power strips and then turn off the switch when those items are not in use.
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Posted in Real Estate Notes | Comment Now!
Written on January 7, 2012 by George Geoghegan
We recently had a transaction where the seller refused to negotiate any repair adjustments. None at all. This is actually not completely unusual, but most of our buyers do receive at least a small amount to offset repair and condition issues that were revealed by the inspection and not disclosed on the Seller’s Disclosure form.
But on this particular transaction, the buyer received a favorable contract price. The seller felt that the home was a good deal as-is at the contract price and was unwilling to offer anything else. Buyer was ok with that, so no problem.
But then the listing agent wanted to buyer to go ahead and terminate the Option Period in writing. B
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Posted in Mortgage Help | Comment Now!
Written on January 5, 2012 by Rose Ryrie
The Financial Service Authority (FSA) has very recently announced plans in the form of a mortgage market review (MMR), to prevent a return to risky mortgage lending seen during the housing boom.
Irresponsible lending resulted in many borrowers taking on mortgages which only seemed affordable on the assumption that house prices would always rise.
With the financial crisis and the economic climate as it is today, many of these borrowers have now ended up struggling to repay their mortgages and are therefore in real danger of losing their homes.
The Financial Service Authority’s (FSA) mortgage market review (MMR) proposals will see that all prospective borrowers will now receive the right advice and information at the right time. I
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