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The Changes in the Mortgage Lending Business By : .JohnSmith. This is an article about the changes a mortgage loan representative endured as the industry changed from being personalized to being more of a virtual, Internet-driven business in the dot com era of the late 90s. The Path to Fannie Mae and Freddie Mac Approval By : .JohnSmith. This article discusses the requirements of FNMA and FHLMC for mortgage brokers to be approved as mortgage Sellers and Servicers. Floor Heating for Added Value By : Roberto Garabell With the recent economic misery hovering over homeowners and driving property prices lower its a good time to add value to your home by installing radiant underfloor heating. Hunting for a house? Spend your time wisely! By : The New Homes Guide When it comes to looking for a house to buy, time really is money. That’s because your decision on which house to spend your money on is one you’re going to have to live with for a long, long time. So use your time efficiently, but don’t be in a hurry to find a house unless you absolutely have no other choice. First Time Homebuyer Tax Credit for '08 & '09! By : The New Homes Guide There’s never been a better time to buy your first home. That’s a fact. Why? Well, it’s a Buyer’s Market out there, for one thing. Plus, there’s a big selection of new homes going for very affordable prices that were unheard of just a short while back. And now, the U.S. Government is even getting into the act, by encouraging you to buy now. Get Your Automatic Mortgage Rate Reduction By : Tom Mack In the old days to qualify for a low mortgage interest rate you needed to have great credit and verifiable income. In today crazy market it’s the other way around. Dallas Real Estate By : Catherine Dallas Texas real estate community still holds sturdy and is extremely resilient despite the media. Experts credit much of the growth in the South to relatively strong local economies and housing prices that are among the most affordable in the U.S. woodlands for sale By : findlands Callbrothers it's romanian firm dealing with real estate transactions wishes to collaborate with real estate firms from Romania or other countries, firms that have the status of "real estate investors". We offer a large data base (with expansion possibilities), an enormous work potential and great seriousness. We can, also,offer you a lot of opportunities if you are interested to invest in Romania. We have in our portfolio many lands, agricol lands, woodlands and buildings which can be sold. The prices are more than reasonable. For details, please contact us, using the phone numbers or mail address. For details, please contact us: www.findlands.ro and +4 0727 111221 or findlands@gmail.com Forecasting 2009 - 2010 Home Prices By : ratetake Credit crises is plummeting real estate values all across U.S. and it is not allowing home prices to move up any time soon. So when is it a good time to sell a home or buy a home? Carrollton Texas, Carrollton Texas real estate By : Catherine Carrollton Texas real estate has held on very strong these past few years in spite of the national real estate disaster in other parts of the country. The city’s average price range is $181,000. Living in Carrollton in addition to enjoying the affordable real estate, the cost of living is another major factor people move to the area. Carrollton owes much of its real estate success to its location, properties and material goods Foreclosure Hardship Letter Part 3 - What You Should NEVER Tell your Lender By : Tom Mack "What Should I Write In My Hardship Letter?" this is a question we get in our office all the time and honestly there is not a short answer. In this article I will focus on exactly what not to tell your lender. For more information on writing a foreclosure hardship letter check out my popular FREE special report "How To Write A Killer Hardship Letter" available on my website. State of the Phoenix Real Estate Market Address By : Roberto Garabell To members of Congress, President Bush, President-Elect Obama, fellow Americans, and current and future residents of the Phoenix area, the state of the Phoenix residential real estate market is â€œweary but hopeful.â€ With the Current Stock and Credit Market Crises, Investment in Real Estate Will Make Even More Sense in the Future By : Roberto Garabell With the current financial crisis pervading stock markets in the global ecomony, real estate once again should be looked at as a serious, long-term investment strategy that can help investors further diversify their investment portfolios in the future. With the Current Stock Market Malaise, Investment in Phoenix Real Estate Makes Even More Sense By : Roberto Garabell The Phoenix residential real estate market represents a great opportunity to individuals, families, and investors who are weary about the stock market and are realizing that their investment portfolios are too exposed to fluctuations in Wall Street. Foreclosure Hardship Letter Part 2 - What Your Lender Really Wants To Hear By : Tom Mack "What should I tell my lender?" this is a question we get in our office all the time and honestly there is not a short answer. In this article I will focus on exactly what your lender wants to hear. For more information on writing a foreclosure hardship letter check out my popular FREE special report "How To Write A Killer Hardship Letter" available on my website. Foreclosure Hardship Letter Part 1 - How To Write A Compelling Hardship Letter By : Tom Mack In this series of articles I will walk you through everything you need to know to write a compelling hardship letter. Knowing what to write and what not to write are equally important, be sure to read pert 2 "What Your Lender Really Wants to Hear" and part 3 "What You Should NEVER Tell Your Lender." For more information on writing a foreclosure hardship letter check out my popular FREE special report "How To Write A Killer Hardship Letter" available on my website. Loan Modification - What Your Lender Considers A Hardship By : Tom Mack Loan Modification - What Your Lender Considers A Hardship In this series of articles I will walk you through everything you need to know to write a compelling hardship letter. Knowing what to write and what not to write are equally important be sure to read part 1 - "How To Write A Compelling Hardship Letter" part 2 - "What Your Lender Really Wants to Hear" and Part 3 - "What You Should NEVER Tell Your Lender." For more information on mortgage modifications, short sales and writing a foreclosure hardship letter check out my popular FREE special report "How To Write A Killer Hardship Letter" available on my website. The Need For Research When Conducting A Free Property Valuation By : Roberto Garabell A look at methods to find the value of a property and how detailed research is needed should an accurate figure be found. Paying Utilities For REO Properties By : Brian Anthony This article will explain exactly what you can expect and give you some tricks and tips on how to not get in over your head as you start paying utilities for REO properties as you become a top REO agent. BPO Leads for REO Agents – Generating BPO Business By : Brian Anthony Breaking into the world of REO’s and generating consistent, BPO leads is one of the best ways to guarantee a continuous flow of income to your Real Estate business. Once you open the door to these banks and asset managers, the BPO leads will flood in. In fact, many top REO agents are forced to actually turn down many of the BPO leads that they don’t want. This article will show you how to open that BPO Lead floodgate. Tenant Credit Check Adds New Dimension To Management Of UK Properties By : Roberto Garabell Landlords can look for tenants themselves or they can take recourse to the services offered by various UK properties management companies. Apart from searching tenants, these companies offer range of services including tenant credit check. Stop Foreclosure - Save Your Home By : Brian Anthony With the current economic problems and the enormous consumer credit crunch, many homeowners are finding themselves struggling to save their home and stop the foreclosure process. You may find yourself in the midst of that struggle right now. What most homeowners don’t know is that if your home is in foreclosure there are a vast number of ways for you to stop foreclosure and keep your home. These procedures are 100% legal. The key to saving your house is finding out as much as you can about your options and then using that knowledge to save your home. As a real estate agent that specializes in foreclosed homes and HUD houses, I’ve written this article to help you with your struggle and keep you in your home. What to look for when shopping for Chicago Home Insurance By : Roberto Garabell Here are some smart tips to consider when shopping online for Chicago Home Insurance. You can save hundreds with this advice and also get the best coverage available to you. 4 Simple Ways to Save on Alabama Home Insurance. By : Roberto Garabell Here are 4 simple steps to follow when shopping for Alabama Home Insurance. This shows you what to look for and how to save money when shopping online for Alabama Home Insurance! Chandler Real Estate Market Showing Signs of Possible Recovery By : Roberto Garabell Chandler real estate is a bright spot in the Phoenix housing market and looks like it is weathering the downturn better than other local housing sub-markets. Indeed, there are indicators that suggest that Chandler may have seen the bottom of the market and that 2009 could be a stronger year for Chandler in terms of residential real estate. Good Investment Plans in the Philippines By : Roberto Garabell Foreign investors are looking towards the possibilities of investing real estate infrastructures in the Philippines to enhance economic growth and modern lifestyle. Foreigners Consider Philippines Properties for Investment Purposes By : Roberto Garabell Tourism aids in the sale of Philippine properties thus opening doors for opportunities toward economic growth and development. There is a need to pay importance to foreign investors. The Difference between City Life and Country Life By : Roberto Garabell Lifestyle changes as people shift living from countryside to city. There is need to cope with the demands of the city in terms of custom and culture. Showbiz Lifestyle and Properties By : Roberto Garabell Showbiz people are more attracted to an easier type of lifestyle where they can achieve both comfort and convenience while earning a living. Select an Apartment By : Patrick C. O Connor Selecting an apartment should be fairly simple at this point. You started with a list of thousands of apartments. You narrow the list by selecting location, rental rate, unit type and amenities. Fundamental House Value, What Are Houses Really Worth? By : Roberto Garabell The fundamental value of all housing prices is equivalent rents. Rents define the fundamental value of real estate because rental is a direct proxy for ownership; both rental and ownership provide for possession of property. Most people believe comparable sales define the value of real estate. In reality, comparable sales measure the collective foolishness of buyers who often have no idea what a property is really worth. Flip That House - Houses Were Traded Like Commodities By : Roberto Garabell Commodities are items of value and uniform quality produced in large quantities and sold in an open market. Although every residential real estate property is unique, these properties became uniformly desired by investors because all real estate prices rose during the Great Housing Bubble. The commoditization of real estate and the active, open-market trading it inspires caused houses to lose their identity as places to live and call home. Houses became tradable stucco boxes similar to baseball playing cards where buying and selling had nothing to do with possession and use and everything to do with making money in the transaction. Housing Bubbles as Cultural Pathology By : Roberto Garabell What is a Cultural Pathology? There are certain beliefs if widely held and acted upon by a group of people leads inevitably to collective suffering and personal destruction. The housing bubble was a form of cultural pathology. It spawned a number of beliefs and actions that caused people to lose their houses in foreclosure. 3 Steps To Finding The Perfect Piece Of Real Estate By : Roberto Garabell Are you looking to purchase a piece of real estate? Whether you are purchasing residential, commercial, or investment properties, you can use the 3 steps outlined in this article to ensure that you get the property you need. Housing Bailouts are False Hopes By : Roberto Garabell One of the more interesting phenomena observed during the bubble was the perpetuation of denial with rumors of homeowner bailouts. The bailout rumors were false hopes provided by the government to allow homeowners in hopeless situations a brief respite before they faced losing their homes in foreclosure. Future House Prices are Dependent upon Future Loan Terms By : Roberto Garabell Every homebuyer operating in the deflation of the Great Housing Bubble needs to consider what loan terms will be available in the future. At some point, most buyers become sellers. The future buyer will likely need to borrow most of the money necessary to complete a real estate transaction. The availability of credit and the loan terms this future buyer will face is the primary determinant of the price this buyer will pay for real estate. House Prices Fall - How Low Will They Go? By : Roberto Garabell Despite the difficulty in market forecasting, many who have examined the residential real estate market point to continued declines through 2009 and beyond. The most likely scenario has resale residential real estate markets bottoming in 2011 at prices 30% off the peak nationally. Housing Market Bottom - Price Action Estimates By : Roberto Garabell Most market participants focus on price action. The price-to-price feedback mechanism largely responsible for bubble market behavior gathers its strength from an awareness of market pricing, and the widespread belief that short-term, past price performance is predictive of long-term, future price performance. It is a fallacy that is often reinforced in the short-term as irrational exuberance takes over in a market, but over the long term, short-term price movements rarely correspond to long-term price trends, and when they do, it is only by chance. Housing Market Bottom - Price-to-Rent Ratio Estimates By : Roberto Garabell Comparative rent is the primary method of evaluating the fundamental value of any property. The price-to-rent ratio links the cost of ownership with the cost of rental. This link is direct because possession of property can be obtained by either method. The cost of ownership encapsulates all of the financing terms and other variables associated with possession of real estate as does the cost of rental. Price-to-rent ratio fluctuates over time as changes in the cost of ownership and terms of financing makes financing amounts vary and house prices vary as well. Housing Market Bottom - Price-to-Income Ratio Estimates By : Roberto Garabell One method used to evaluation residential real estate prices is the price-to-income ratio. Since people borrow the vast majority of the funds necessary to purchase residential real estate, and this borrowing must be financed from current income, the ratio of house prices to rent is a useful barometer of market valuation. Hyperinflation and the Housing Market By : Roberto Garabell The Federal Reserve under Ben Bernanke began aggressively lowering interest rates at the end of 2007 in response to the severe economic downturn caused by the collapse of house prices and the related difficulties falling house prices had on the banks and other institutions that made loans using houses as collateral. Many are concerned that these policies will ignite a period of hyperinflation in the United States. Debt-to-Income Ratios Impact on Residential Real Estate Markets By : Roberto Garabell The debt-to-income ratio is a measure of how far buyers are "stretching" to buy real estate. Buyers have historically committed larger sums to purchase real estate when prices are rising in order to capture the appreciation of rising prices. Conversely, buyers have historically committed smaller and smaller percentages of their income toward buying real estate when prices are declining because there is little incentive to overpay. Some may look at this phenomenon as a passive effect of the rise and fall of prices, but since buying is a choice, the fluctuation in debt-to-income ratios is an active force on prices in the market. Higher Interest Rates and Residential Real Estate Markets - What Would Happen? By : Roberto Garabell A key factor impacting the fundamental value of housing and thereby the bottom is interest rates. Higher interest rates would devastate residential real estate markets. When interest rates go up, the amounts borrowed go down assuming a consistent payment. As amounts borrowed go down, so do real estate prices. Real Estate Only Goes Up... Not! By : Roberto Garabell The mantra of the National Association of Realtors is "real estate only goes up." This economic fallacy fosters the belief in future price increases and the limited risk of buying real estate. In 2006, prices in many markets began to fall. By 2008, the rate of price decline had greatly accelerated. This is dramatic proof that real estate does not always go up. Despite this obvious fact, the National Association of Realtors still tries to lure greedy buyers with fantasies of unlimited wealth in residential real estate. Low Mortgage Interest Rates, It Is a Bad Time to Buy A House By : Roberto Garabell The fluctuation in mortgage interest rates has implications for when it the best time to buy and the best time to refinance a home mortgage. It is a popular misconception that low interest rates make for a good buying opportunity. It is not. Buy when interest rates are high, and refinance when interest rates are low. Real Estate Investment versus Real Estate Speculation - What is the Difference? By : Roberto Garabell Owner-occupied residential real estate is viewed by many people as a good investment. Realtors often use this idea as part of their sales pitch. This view is fallacious and it is one of the beliefs responsible for creating an asset price bubble. To understand why houses are not a great investment in most circumstances, one needs to understand the difference between investment and speculation. Interest Rate Resets on an Adjustable Rate Mortgages Are a Problem By : Roberto Garabell Many people took out adjustable rate mortgages during the Great Housing Bubble. After 25 years of steadily declining interest rates, people forgot about, or never knew about the risk of rising interest rates and what it would do to their housing payments. Adjustable rate mortgages are great while interest rates are declining. Their payments are lower than fixed rate mortgages, and as interest rates decline, they become an even better deal. However, when interest rates go up again, these loans will become a nightmare. Lose Your Money or Learn to Identify Asset Bubbles By : Roberto Garabell Many people did not see the NASDAQ tech-stock bubble. Many people did not see the Great Housing Bubble either. Those who participated in either financial mania lost a great deal of money. People need to know what to look for in order to avoid future financial manias. Unaffordable House Prices, Will It Last Forever? By : Roberto Garabell During the Great Housing Bubble, prices detached from their fundamental valuations and became very inflated. This price inflation created a situation where affordability dropped to record low levels in many real estate markets. The fear of buyers was that failure to purchase a property would mean they would never be able to own because they would be priced out forever. For this fear to be realized, prices much sustain inflated levels of low affordability forever. Is this possible? Home Equity - What is It? By : Roberto Garabell Many people who purchase real estate have no idea what equity is, what creates it, what destroys it, and what to do with it. People who purchase real estate use the phrase "building equity" to describe the overall increase in equity over time. However, it is important to look at the factors which either create or destroy equity to see how market conditions and financing terms impact this all-important feature of real estate. Subprime Containment Theory Was a Lie By : Roberto Garabell Conventional wisdom (or market spin) was that the risk of default from subprime would not spill over into Alt-A and Prime loans. This argument was made because these two categories have historically had low default rates. Of course, this argument ignored the "liar loans" taken out by those with higher credit scores, the unmanageable debt-to-income ratios, and payment resets for interest-only and Option ARM loans which were also given to the Alt-A and Prime crowd. Historically, this group had not defaulted because they have not been widely exposed to these loan types. Real Estate Bubble Fallacies - Can You Identify Them? By : Roberto Garabell There are a number of fallacies about residential real estate that either affirm the belief in perpetually rising prices or minimize the fears of a price decline. These fallacies generally revolve around a perceived shortage of housing or a belief that the higher prices are justified by current or future economic conditions. These misperceptions are not the core mechanism of an asset price bubble, but they serve to affirm the core beliefs and perpetuate the price rally. Bring Back Paternalism in the Mortgage Market By : Roberto Garabell As a society, we have created a system that strongly encourages a borrow-and-spend mentality. Saving in all its forms are punished while borrowing is strongly subsidized and encouraged. The credit orgy of the 00s saw this system taken to its ultimate extreme. The result was a vicious credit crunch, a collapse in asset values, and an economic downturn second in severity only to the Great Depression. Obviously, something needs to change. A little paternalism in the mortgage market is one of a number of necessary regulatory reforms. Housing Bubble - Why Should Anyone Care? By : Roberto Garabell Why should anyone care about financial bubbles in general and the housing bubble in particular? The first and most obvious reason is that the financial fallout is stressful. Many people lost a great deal of money. Beyond that, the housing bubble had enormous impact on the health of individuals, families and entire communities. 10 Reasons Why You Should Invest in Costa Rica Real Estate By : Roberto Garabell I have been living in Costa Rica for 3 years now. Here is 10 reasons for you to invest in properties in Costa Rica. Renting Versus Owning Residential Real Estate By : Roberto Garabell Renting versus owning is both an intellectual, financial decision and an emotional decision. The financial decision is first and foremost an analysis of the comparative cost of renting versus owning. It makes no sense to pay more than rental equivalence to own residential real estate. Many people still do because they are chasing the fantasy of endless appreciation and real estate wealth, but most of these people will find the increased cost of ownership over time negates any appreciation advantage they may obtain. Also, many people have found out painfully that property does not always appreciate in value. Foreclosure Investing - How To Make Money By Investing In Foreclosed Homes By : Roberto Garabell Foreclosure investing is an excellent way to see a huge return on your money. In times when the economy is slow, or the housing market has lapsed, great deals abound, making the environment perfect for foreclosure investing. Summarize the 3 to 5 Best Options By : Patrick C. O Connor As you call the properties, it is likely you will eliminate some of the properties. Factors which cause you to eliminate properties will be price, application fee, deposit, first month's rent, unit availability and the attitude and courtesy of the leasing staff. How To Easily Find Foreclosure Listings By : Roberto Garabell Finding foreclosure listings is the most important aspect of investing in foreclosed property. To understand how to locate foreclosure listings, you must first understand that there are several ways that property foreclosure listings can be found. Tips on wholesale French Property By : Roberto Garabell The best of French property is just a click away! If one wishes to buy a house in France as holiday house or one's new home, France is the wonderful place. Inflation and Home Equity - What Is the Relationship? By : Roberto Garabell House prices historically have outpaced inflation by 0.7% nationally. In a normal market, this is the only appreciation homeowners obtain. This appreciation is caused by wage inflation translating into higher housing payments and the ability of borrowers to obtain larger loan amounts to bid up prices. In some areas where wage growth has outpaced the general rate of inflation, the fundamental valuation of houses has increased faster than inflation. They Aren't Making Any More Land... Not! By : Roberto Garabell All market pricing is a function of supply and demand. One of the reasons many house price bubbles get started is due to a temporary shortage of housing units. This is a particular problem in California because the entitlement process is slow and cumbersome. Supply shortages can become acute, and prices can rise very quickly. This does not mean land is scarce. It means that the supply of dwelling units is experiencing a temporary shortage. It may seem like a minor distinction, but it is very important. New dwelling units can be created; land cannot. Here's 10 Tips For Successful Buying Strategies For Rental Properties By : Richard Dover If you are considering buying rental property. Congratulations. You are now among the tens of thousands of people each year who consider buying investment real estate. But are you ready for the next step to actually buy rental property? Flip That House... Not! By : Roberto Garabell During the Great Housing Bubble, many speculators tried to make money through trading houses. The vast majority of these traders were not professionals but amateurs who thought they could be professionals. Most amateurs ended up losing money because they did not understand what it takes to be successful in a speculative market. Speculative Equity - What Is It and How to Get It? By : Roberto Garabell People who purchase real estate use the phrase "building equity" to describe the overall increase in equity over time. However, most people think in terms of capturing speculative equity, the equity gained from other speculators bidding up prices. Everyone wants to make money by doing nothing, and the lure of speculative equity is that one can make millions by simply buying and holding an asset. To really understand equity, it is important to look at the factors which either create or destroy equity to see how market conditions and financing terms impact this all-important feature of real estate. Price-to-Rent Ratio for Housing is Like the Price-to-Earnings Ratio for Stocks By : Roberto Garabell Just as stocks have price-to-earnings ratios (PE Ratios) used to establish relative value, houses have a price-to-rent ratio to establish relative value. Rent is the income or potential earnings a property can produce. It does not matter if the property is rented or if an owner lives in the property. The potential for rent is equal to the potential for earning. Buy Now or Be Priced Out Forever... Not! By : Roberto Garabell When prices rise faster than their wages, people can obtain less real estate with their income. The natural fear under these circumstances is to buy whatever is available before there is nothing desirable available in a particular price range. This fear of being priced out causes even more buying which drives prices higher. It becomes a self-fulfilling prophecy. Home Price Appreciation and Transaction Fees - Only the Realtors Get Rich By : Roberto Garabell Profiting from house price appreciation requires getting more money from the sale of a property than was originally paid for it and not having that profit cancelled out by moving costs, transaction fees, and a large spreads between the cost of ownership and the cost of rental during the ownership period. Buying and selling residential real estate incurs significant transaction costs that are not reflected in the price. It is quite common for properties to sell for more than their purchase price and still be a loss for the seller. However, even if the seller loses money, the realtor gets a commission. Six percent of an owner's house price appreciation goes to paying the realtor. How to Decide if an adjustable rate mortgage is Right for You By : Roberto Garabell An adjustable rate mortgage, called an ARM for short, is a mortgage with an interest rate that is linked to an economic index. It Is Different This Time... Not! By : Roberto Garabell Each time the general public creates an asset bubble, they believe the rally in prices is justifiable by fundamentals. When proven methods of valuation demonstrate otherwise, people invent new ones with the caveat, "it is different this time." It never is. Understanding The Popularity Of Real Estate In Collingwood, Ontario By : Roberto Garabell If you have been reading real estate news lately, you're probably wondering why there's so much fuss about property in the Collingwood area of Ontario and why the buzz these days is about how buying or renting property there is such a great idea. Distressed Sellers - Should They Attempt a Short Sale? By : Roberto Garabell A short sale is a property closing where the proceeds from the closing do not satisfy the outstanding debt on the property. The lender must agree to accept less money at the closing table for the closing to occur. From a credit perspective, there is little or no difference between a short sale and a foreclosure. Both a short sale and a foreclosure will show a series of missed payments and a secured credit line (or multiple credit lines) with a permanent delinquency and discharge for what is generally a very large sum of money. Both will have a strong, negative impact on the borrower's FICO credit score that will persist for many years. Housing Bubble Economic Problems - Have We Seen the Worst? By : Roberto Garabell The foremost problem resulting from the deflation of the Great Housing Bubble was the imperilment of our banking and financial system. The bailouts emanating from Congress have mostly focused on keeping the banking system solvent. Considering most institutions were secretly bankrupted by the housing collapse, this was not small problem. The economic ramifications are severe, and 2009 will likely not be the end of the crisis. Changing Appraisal Methods would Prevent the Next Housing Bubble By : Roberto Garabell Investor confidence in the market for CDOs and all mortgages was shaken during the decline of the Great Housing Bubble, and rightly so. Investors were losing huge sums, and nobody clearly understood why. There was a widespread belief these losses were caused by some outside factor rather than a systemic problem enabled by the lenders and investors themselves. Regulatory Solutions to Prevent the Next Housing Bubble By : Roberto Garabell The regulatory solution proposed herein is simple, yet far reaching. It comes in two parts, the first is to limit the amount lenders can loan to borrowers with a rather unique enforcement mechanism, and the second is to increase the penalties for borrowers who commit mortgage fraud. The following is not in legalese, but it contains the conceptual framework of potential legislation that could be enacted on the state and/or federal level. Know Your Rights - Info For Renters, Patients, And Employees By : Roberto Garabell It is important to know what your rights are and what to do if they are violated. Baltimore Realtors and Real Estate Agents Need To Research Home Buying Incentives By : Peter Boscas Baltimore realtors and real estate agent with knowledge of current home buying incentives can provide excellent value to their home buying clients. Strict Loan Documentation Standards Will Help Prevent the Next Housing Bubble By : Roberto Garabell One of the most egregious practices of the Great Housing Bubble was the fabrication of income by borrowers that was facilitated and promoted by originating lenders. Stated-income loan programs were widespread, and they were the cause of much of the uncertainty in the secondary mortgage market during the initial stages of the credit crunch in the deflation of the bubble. Basically, investors had no idea if the borrowers to whom they had lent billions of dollars were capable of paying them back. How To Pick Up Real Estate Losses Quickly By : Astonish Article When real estate deals go bad this article will help you clean up your losses. Regulating the National Association of Realtors Would Help Prevent the Next Housing Bubble By : Roberto Garabell The sales tactics of the National Association of Realtors should be examined and potentially come under the same restrictions as securities brokers through the Securities and Exchange Commission. Realtors routinely lie about the investment potential of residential real estate. People believe these lies and enter into transactions that often harm them financially. Start searching for an apartment By : Patrick C. O Connor It depends. If you are living in an apartment in the same area where you want to continue living, you should probably start 60 to 90 days prior to the end of your current lease. If you're moving from another location, starting 30 to 60 days ahead of when you want to move is more than adequate. Apply 2 Save Saved My Home!! By : .JohnSmith. I can breathe a sigh of relief because I am not stressing out anymore or getting rude harassing phone calls anymore. I am also able to remain in my home while making an affordable payment. So I can honestly say these are the people to go with if you want to save your home. The One Stop Mortgage and Home Loan Solutions By : Roberto Garabell Murfreesboro, Brentwood, Clarksville and all of Tennessee and Nashville home loan mortgage solutions and secrets have finally been unveiled in a radically designed website; an educational, informative and inspirational site, www.yourmoneysource.net is fully equipped with Nashville home loans and mortgage related info, loads of free reports, a home buying guide and free mortgage calculators. Specifically designed to enlighten the site visitors, YourMoneySource.net reveals all facts and figures aimed to empower our customers to take sensible decisions while obtaining a mortgage. The Pent-Up-Demand Meme Is Complete Nonsense By : Roberto Garabell The realtor spin about "pent up demand" is complete nonsense. There is probably a lot of pent up desire for housing, but demand is measured in dollars, and there is a major lack of demand with the absence of lender funds, and a large and growing "pent up supply" of foreclosures. How To Sell Your Home Fast Today By : Roberto Garabell The first thing to realize is that when you are going to sell your home; that there is a buyer waiting for your home. 4 Tips To Help Sell Your Home Quickly By : Roberto Garabell The season for home sales is almost upon us and home sellers are getting nervous about how long their home will be on the market before it finds a buyer. If You Are Underwater but Can Afford the Mortgage Payment You Should Hang On By : Roberto Garabell Anyone that can manage their payments should consider trying to hold on, even if the house value has dropped well below their purchase price. There are still a great many overextended homeowners and speculators who cannot possibly manage their payments, and for them trying to hold on until the market comes back is a foolish waste of time and resources. The market is not going to come back before they go under. However, for those who can make the payments, there emotional benefit of home ownership may be worth the financial hardship it entails. The Housing Bubble was a Massive Real Estate Ponzi Scheme By : Roberto Garabell People have not fully grasped the changes that will result from the deflation of The Great Housing Bubble. There are many historic parallels with the closest being The Great Depression. When the stock market bubble of the 1920s began to deflate in late 1929, few thought the boom times of the decade were over, and even fewer saw the disaster coming of The Great Depression. The 2008/2009 recession will not likely reach the severity of The Great Depression, but it will signal the end to the lifestyle to which so many have become accustomed. Real Estate is the Major Religion in California By : Roberto Garabell California has a major cultural "religion" that cuts across traditional denominational lines, the religion of real estate. Like any religion it requires faith. The religion of real estate requires blind faith in the idea that "real estate always go up." Fifteen Common Lies Realtors Tell By : Roberto Garabell Realtors are agents of sellers. It is their job to obtain the highest possible sale price for a piece of real estate. The most common ploy realtors use it to attempt to create a sense of urgency in a buyer. In a seller's market, prices are rising, and buyers already feel a sense of urgency. In a buyer's market, prices are falling, and there is no urgency on the part of buyers. This fact does not stop realtors from trying to create urgency even if the truth is cast asunder. Where Is The Epicenter Of The Housing Bubble? By : Roberto Garabell The epicenter of the Great Housing Bubble is located in Irvine, California. One of the primary causes of the bubble was the lowering of lending standards and the extension of credit to people who could not handle the responsibility: Subprime borrowers. The word "subprime" has become indelibly linked to the Great Housing Bubble. It is one of the causal factors that make the bubble unique, and the collapse of subprime is widely regarded as the pin-prick which began the bubble's deflation. Proven Advice How To find rentals in idaho And how to make money -- By An Expert By : Richard Dover Are you interested in Idaho real estate investing or are you looking to purchase a home below the current market value? You may have heard about the potential of getting great deals on Idaho foreclosed bank owned property. Have California House Prices Always Been Crazy? By : Roberto Garabell Volatility in real estate prices is not new to California. During the 1970s, real estate prices detached from typical valuations of three-times yearly income seen in the rest of the country. Once residents realized they could push up prices in their real estate markets to dizzying heights, they have been doing it ever since. Greed springs eternal. Everyone Wants To Live Here... Not! By : Roberto Garabell The Great Housing Bubble witnessed many foolish ideas and beliefs about real estate. Among the most foolish was the idea that prices went up because everyone wants to live wherever they are. When rational arguments fail to explain something, it is only natural that people will start making things up. How To Find The Best Real Estate Deals In Today's Market By : Astonish Article A Guide Filled With Tips On Finding The Best Deals In The Real Estate Industry Today Vegas Condo market By : Roberto Garabell Going by the urban living culture and life style, condos in Las Vegas are gradually on their way of becoming the ultimate style statement in the glitzy and dazzling town of Las Vegas. Home Interest Tax Savings Are Always Overestimated By : Roberto Garabell When a borrower takes out a home loan, the interest is tax deductible up to a certain amount. For borrowers in the highest marginal tax bracket, the savings can be significant, and this can make a dramatic difference in the true cost of ownership. However, this benefit diminishes over time as the loan is paid off and the interest decreases, unless of course, the borrower has used a toxic interest-only or negative amortization loan. The Appropriate Discount Rate for Residential Real Estate Analysis By : Roberto Garabell The investment value of a property can only be measured against other investment opportunities available to an investor. If investors can earn 4.5% by investing in government treasuries, they will demand a higher return to invest in an asset as volatile and as illiquid as residential real estate. The rate of return an investor demands is called a "discount rate." Negotiating Skills Make a Big Difference in Home Sale Profits By : Roberto Garabell The negotiating abilities of buyers and sellers and the overall market environment greatly impact the profits from real estate. Sellers almost universally believe their properties are worth more than the market will bear. People become emotionally attached to their houses, and because it is very valuable to them, they assume it is just as valuable to a person who is not attached to the property. The Inflation Premium for Residential Real Estate By : Roberto Garabell Residential housing does have a cash-saving value, if financed with a fixed rate mortgage. Over time, the growth in income and rents increases the cost of housing for renters. The inflation of housing costs for renters is greatly lessened for homeowners using a fixed-rate mortgage because their housing costs are effectively frozen at the rate of their ongoing mortgage payment. Other costs of home ownership, such as property taxes, insurance and maintenance do still rise with inflation, but since the mortgage payment is about two-thirds of the cost of ownership, fixing this amount provides a large benefit. Over time, the savings accruing to homeowners from a level housing payment can be quite substantial. Applying the technique of discounted cashflow analysis, this savings over time can be evaluated.
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