The question on everyone’s mind seems to be.. When will the Mortgage Debt Relief Act be extended? I am predicting in the next 7-10 business days. Will it be retroactive? Yes Where can you read more about the details regarding the acts extension? Read this. and this: Massachusetts Attorney General Martha Coakley and a coalition of states have signed a letter pushing Congress to extend the federal Mortgage Forgiveness Tax Relief Act, which expires on Dec. 31. [VIDEO] What is the #1 money making opportunity in real estate? Short sales. Nearly 40% of all homeowners with a mortgage are STILL […] Click Here To View More
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The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.38 percent, which is down slightly from last week, but up eight basis points from […] Click Here To View More
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Since the federal government enacted health insurance reform in 2010, NAR has put out a considerable amount of information on the law, including on the basics of signing up for insurance under the law based on a one-hour webinar REALTOR® Magazine hosted in early December. To provide you with additional guidance, NAR President Steve Brown […] Click Here To View More
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A final price cut is what it took: the home finally sold in late December. Click Here To View More
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Will the Mortgage Debt Relief Act be extended for another year? Yes. The Mortgage Debt Relief Act will be extended. The National Association of Realtors is working with the law makers to get the MDR extended for at least another year. Here are the details for you policy wonks: Issue Background: On December 31, 2013 the Mortgage Cancellation Tax Relief will expire. NAR has been working with Congress since early this year to extend this important real estate tax provision. Without an extension, homeowners who have any amount of a mortgage forgiven by a lender either in a short sale or […] Click Here To View More
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Excellent reporting from Diana Olick: Sales of bank-owned (REO) homes accounted for 10 percent of all residential property sales in November, according to RealtyTrac. That is up from 9.1 percent in October and accounted for the third consecutive month of increases in REO sales. “Lenders are taking advantage of this environment to unload more of their bank-owned inventory and in-foreclosure inventory at the foreclosure auction,” said RealtyTrac’s Daren Blomquist in a release. [VIDEO] What is the #1 money making opportunity in real estate? Short sales. Nearly 40% of all homeowners with a mortgage are STILL underwater. New short sale programs […] Click Here To View More
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Now’s the time of year when we begin to look forward to what’s to come. So, what should you expect for next year’s housing market? We took a look at how the 2014 housing market will be different from 2013. For all of the housing market predictions, download the free publication! The housing market […] Click Here To View More
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The overall cumulative value of all homes in the U.S. at the end of 2013 is expected to be approximately $25.7 trillion, up almost $1.9 trillion, or 7.9 percent, from the end of 2012. Click Here To View More
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Urgent Help Wanted: New report exposes the cold hard fact that 40% of all homeowners are STILL underwater. New REO Surge expected soon. Exclusive FREE REO/ BPO TRAINING for agents who are ready to learn how to list bank owned homes. Watch FREE Training Video now and Download FREE Training Guide. NOTE: First 700 Agents only. Click Here To View More
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The penthouse served as the home for Leondardo DiCaprio’s character in the upcoming film “The Wolf of Wall Street.” Click Here To View More
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This could be one of the most market moving posts on this site for all of 2013: From CNBC: It is yet another step in the evolution of the single-family rental market: a new lending platform by one of the biggest names in the trade, Blackstone Group. After investing close to $7 billion in rental properties through its Invitation Homes unit, Blackstone is offering cash to smaller investors wanting to get into the game. The firm is in the closing process on the first deals. [VIDEO] What is the #1 money making opportunity in real estate? Short sales. Nearly 40% […] Click Here To View More
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Urgent Help Wanted: New report exposes the cold hard fact that 40% of all homeowners are STILL underwater. New REO Surge expected soon. Exclusive FREE REO/ BPO TRAINING for agents who are ready to learn how to list bank owned homes. Watch FREE Training Video now and Download FREE Training Guide. NOTE: First 700 Agents only. Click Here To View More
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Peter Jackson’s adaptation of J.R.R. Tolkien’s famous novel was filmed in New Zealand, but that doesn’t mean the Shire can’t exist in your neighborhood. Click Here To View More
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This may go down as one of the best times in US history to be a landlord. Millions of American families can’t buy and are locked out of being owners. (I have always been intrigued how the ‘landlord’ is portrayed as the bad guy in our society. Think about that for a moment. Without landlords there would be no rentals. Without rentals where would all of these former homeowners live? Owning rental properties is no walk in the park. Aside from the time and expense it takes just to buy one the ongoing care and feeding of a rental unit […] Click Here To View More
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Here’s a look at some of the most common home buying credits, along with information about how to find them. Click Here To View More
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[VIDEO] Breaking News: Agents, Do You Have Your 2014 Real Estate Business Plan Completed? Experts agree that there is another market shift happening now. Instant FREE Download of your 2014 real estate business plan. Same proven business plan used by top agents nationwide. Notice: Limited to first 500 agents today only. Watch Video and Download Free Business Plan Now Inspiration #3: Get – and stay – motivated. Click Here To View More
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What happens with the investors leave the housing market? According to Robert Schiller, nothing good. “The [housing price] growth is being propelled by institutional money… The question is how much the change in prices really reflects the market demand, rather than one-off market shifts that may not be around in a couple of years.” (Source: Popper, N., “Behind the Rise in House Prices, Wall Street Buyers,” New York Times Dealbook, June 3, 2013.) “The very price appreciation that got the ball rolling now is starting have a different effect. Hedge fund investors are starting to make an exit. ”Prices have risen to […] Click Here To View More
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By NAR 2014 President Steve Brown It’s a tremendous honor to serve as the 2014 President of the National Association of REALTORS®. At our Annual Conference in San Francisco last week, I laid out my goals and direction for our Association in the coming year. For those of you unable to attend the inaugural, let […] Click Here To View More
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Hey YOU…yeah YOU…listen up. Important housing truth info coming your way…..now.. I bet you didn’t know that the fellas that track defaulted (and defaulting) mortgages ONLY TRACK FIRSTS MORTGAGES. In other words all these fancy pants reports that are churned out every quarter talking about the rate of mortgage defaults are on tracking those loans going bad on the first mortgage NOT the second mortgage (AKA home equity loans). You get that? The housing recovery party throwers are ONLY celebrating the slowly decreasing defaults on the first mortgages. All the while the second mortgages are going in default in a […] Click Here To View More
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[VIDEO] What is the #1 money making opportunity in real estate? Short sales. Nearly 40% of all homeowners with a mortgage are STILL underwater. New short sale programs for all lenders expected. Get ahead of the curve and learn the 2014 short sale secrets. Watch the FREE Short Sale training video and download the quick close short sale guide now. Click Here To View More
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