Archive for January, 2008
Home warranty for your protection
Home warranties are something to consider to protect your real estate investment. They are relatively inexpensive for what they do cover. The typical warranty runs between $350 to $500 per year. While not everything is covered they are quite comprehensive. The warranty can be renewed every year for as long as you’d like.
I try to […]
The Amazing Las Vegas
True to its form Las Vegas has always been one of the most resilient cities in the country. We have experienced amazing comebacks. After the tragedy of 9/11 the forecast was grim for the Las Vegas strip. After only a couple of months the occupancies rates starting rising back up.
Now with all of the volatility […]
Market Update
By Dean Elyacoubi Branch manager IndymacBank
This week has been one of the most volatile weeks for mortgage interest rates. On Monday of this week our financial markets were closed in observance of Martin Luther King Day. On that same day the rest of the world’s financial markets sold off in fear of a U.S. recession […]
Bank owned homes
Homes that are owned by the banks, for the most part, have gone through the foreclosure process.
Typically the bank ends up with the home if no one buys it at the foreclosure auction. The bank will put the home on the market with a real estate agent that they usually already have a relationship with.
Purchasing […]
Foreclosure
Foreclosure is quite a long process and much more involved than this short article so let’s talk auctions.
The end result of foreclosure is unfortunately (usually) ending up at auction(although some real estate companies use auctions as a marketing tool when representing sellers and are not actually in foreclosure but that’s another topic).
I have years of […]
Short Sales
A short sale is sometimes used when a homeowner is behind in payments prior to foreclosure. The new exit strategy: A short sale
The bank has to agree to accepting “short” of what is owed to them. The owner typically contacts the bank to see if the bank will consider it rather than foreclosing on the […]