Sunday, February 26, 2006
Interest-Only Borrowers Are Rolling the Dice
Friday, February 24, 2006
Home sellers add extras Soft market got couple to offer a Harley.
by Sanford Nax Joe and Cyndi Garcia asked $349,000 for their home in northwest Fresno, and got no interest. They lowered the price $9,000. Still no takers. Finally, the couple tossed in a free Harley-Davidson motorcycle. That got people's attention. (Read the Full Article)
source: The Fresno Bee (Fresno, CA), December 18, 2005. via: HighBeam™ Research COPYRIGHT 2005 The Fresno Bee. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group.
Home Sellers Turn to Real Estate 'Stagers'
by RENEE MONTAGNE Interest rates are rising and the housing market is finally beginning to show signs of strain. In once red-hot markets like New York and San Diego, prices are coming down a bit and homes are sitting on the market longer. To sell their homes, a lot of people are turning to what are known as stagers. NPRs Jim Zarroli explains. (Read the Full Article)
Tuesday, February 21, 2006
Home Appraisal: More Than Just House Value
Monday, February 20, 2006
One Size No Longer Fits FHA Borrowers
by: Kenneth R. Harney
Should home buyers with solid credit histories subsidize borrowers who pay their bills late? Should loan applicants be separated into categories according to how likely they are to default, with the lowest-risk borrowers charged the lowest rates and fees? (Read the Full Article)
Thursday, February 16, 2006
Don't Believe It Unless It's in Writing
by Kenneth R. Harney
Did your loan officer sit you down and walk you through all the key operational details of your most recent mortgage before you signed? Did you see a copy of the appraisal and have a chance to review it carefully? Did you understand when, if ever, a prepayment penalty might take effect to discourage you from refinancing? Or was that whole subject left a little fuzzy? Did you receive a copy of your loan and settlement cost good-faith estimates within three business days of application? These may sound like the most basic of questions and you may well answer: Duh! Of course I understood everything I needed to, and yes, my loan officer was an absolute font of useful information. (Read Full Article )source: The Washington Post, February 4, 2006. via: HighBeam™ Research
Government Web Sites, Home to Many Bargains
by Kenneth R. Harney
Whether you're a first-time home buyer, an investor, vacation-property seeker, historic preservation buff -- or even looking for a boat to live on -- you are not shopping the entire market unless you check out the federal government's best real estate resources: the combined property disposition program inventories of 10 agencies, all rolled into one online access point. (Read the full article )
Wednesday, February 01, 2006
Investing in property is simple!
A Good-Faith Effort To Clean Up Estimates
It's a distressingly familiar scenario for home buyers and refinancers, and it was one of the major mortgage-related consumer complaints to federal agencies in 2005: "good-faith estimates" of settlement costs that turn out to be hundreds, even thousands, of dollars off the mark.