Determining the value of the asset when used for reserves: 1. Stocks, bonds, and mutual funds: 70 percent of the value may be used as reserves (reduced from 100 percent). 2. Retirement accounts: 60 percent of the vested value may be used as reserves (reduced from70 percent). 3. ... Continue Reading
NEW YORK (Reuters) — The average rate on 30-year U.S. home loans fell in the past week to retest record lows, helping stimulate housing demand, Freddie Mac said Thursday. The most widely used long-term mortgage dropped 0.10 of a percentage point in the week ended Oct. 1 to 4.94 ... Continue Reading
Forbes.com Top 5 Cities Where Home Prices are Hitting Bottom 1. Las Vegas, Nev. Las Vegas-Paradise-Pahrump, Nev., Combined Statistical Area Change: 24 percentage points Homes with Price Reductions, 1/1/2009: 54% Homes with Price Reductions, 9/11/2009: 30% Moody’s Economy.com fo ... Continue Reading
The real estate investment business is tough no matter how much experience or practice a real estate investor has under their belt. There really is no simple formula that will guarantee a real estate investor will make a fortune, but there are some deadly mistakes that can be avo ... Continue Reading
By Tom Barkley Of DOW JONES NEWSWIRES WASHINGTON New-home sales climbed more than anticipated in July, staging their fourth straight month of strong gains to add to evidence that the housing market is emerging from its long slump. Sales of single-family homes increased by 9.6% ... Continue Reading
1) You need a 620 to be a buyer. Every buyer has the potential to raise their score 50 to 100 points if they take an active role in repairing their credit. Make repair mandatory to sell your lease option homes!! 2) Buyers can buy your home without money down. They ca ... Continue Reading
NSP Program Overview As part of the Housing and Economic Recovery Act (HERA), passed by Congress in July 2008, $3.92 billion was provided to communities hardest hit by residential foreclosures and mortgage delinquencies. The city of Phoenix received $39,478,000 in Neighborhood St ... Continue Reading
Washington, August 12, 2009 Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, and price declines have increased affordability in most metro areas, according to the latest survey by the National Association of Re ... Continue Reading
I was at this REAPS meeting in Kirkland, WA and the speaker was Harj Gill. Initially I was skeptical that anything like this could work but after hearing testimonials and listening to Harj speak it became more believable. I had heard of systems where people pay their homes of ... Continue Reading
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