Proceedings of foreclosure vary from one area to another. So as the first step, find out the legal procedures followed in your area for buying foreclosed properties. It is advisable to make inquiries at government agencies like the Federal Housing Administration, Department of Housing and Urban Development, etc. and find out how to go about [...]
Entries from January 2009
Key Things You Need To Be Aware Of When Buying Foreclosed Properties
Jan. 27th, 2009
Downpayments Are Back! What Happened to 100% Financing?
Jan. 27th, 2009
Downpayments are required again thanks to the credit crunch. Many people thought 100% financing would be made available forever. They were mistaken. One-hundred percent financing will never return because it exposes lenders to too much risk. Most people do not think of downpayments as a way of managing risk, but lenders do. Downpayments reduce risk [...]
Real Estate Statistics Do Not Tell The Truth
Jan. 27th, 2009
The numbers are posted each and every month. The national association of realtors, moodys economic data providers and many other companies and associations provide vital real estate statistics to the public. The question is, how reliable are the statistics and what do they mean. Anyone who has taken a statistics math class or who deals [...]
Landlord Lawsuit Prevention – How to Avoid Litigation
Jan. 26th, 2009
Why can’t we all just get along? Because greed is part of human nature, and where there is greed, there will be someone who would rather make a quick buck through an easy lawsuit than actually create something of value. Enter: landlord lawsuits, bane of our existence, and serial in nature since everyone just loves [...]
Making Money in a Slow Real Estate Market
Jan. 26th, 2009
Supply & demand cut both ways, my fellow real estate junkies. Demand has plummeted, so what do we do? Swim against the tide and start buying, of course. The Purchase Plan: Double Distress Prices are down, but if you’re a real estate investor worth your salt, you still want a killer bargain. So here’s the [...]
Real Estate Properties in Orange Virginia
Jan. 26th, 2009
Sometimes when it comes to moving, it can become quite a chore. But one of the nice things about the Internet is that most people have found ways to make things easier for you the buyer. This can be if your shopping online for a gift or shopping online for a house. Recently I was [...]
Defer Your Investment Property Income Taxes
Jan. 26th, 2009
No one likes to pay taxes, especially if you have worked hard on a personal business or investment property over the years. There are ways for you to take the profit that you earned and for those capital gains taxes to be deferred into the future, so that you can build up your profit and [...]
What Makes Fairfax California Unique?
Jan. 26th, 2009
Fairfax, California, is a beautiful and unique town, and is a suburb of San Francisco that is the last bit of civilization before descending into Marin County’s San Geronimo Valley. Fairfax has often been described as “the gateway to West Marin,” and the city has a reputation for being unique, eclectic, and high quality. Located [...]
Stated-Income Loans – How Common Were They?
Jan. 26th, 2009
One unique phenomenon of the Great Housing Bubble was the utilization of stated-income loans, also known as “liar loans” because most people were not truthful when stating their income. When house prices were going up, greed motivated many people to buy homes to capture appreciation. Actually having the income to qualify for a loan was [...]
The History of Mill Valley, California
Jan. 25th, 2009
Located just five miles north of San Francisco and connected to the city via the Golden Gate Bridge you will find the small city of Mill Valley California. With a small but stable population of approximately 14,000 residents, the history of Mill Valley is an interesting one that many locals are happy to talk about, [...]