The End is Near – or so say Economists
Everyone is looking for the “perfect” time to buy; when real estate is at an all time low and rates are even lower. The problem is, we realize the low 90-180 days after the fact. I submit that the worst year we had in terms of sales volume was 2007. Since then the number of [...]
Are the TARP Funds helping?
Everyone wants the pain in the economy to lessen – and I think things have eased somewhat. Rates are awesome! Below 5% but, it’s still very difficult to get a loan done. Underwriting guidelines are tough. Properties have declined so much that there isn’t any equity and PMI money is limited if available at all. [...]
Reader Email Regarding Investment Property
Got this inquiry about income property and thought you’d like my response: Hey Miguel, That’s so great that you’re from San Jose. I grew up in San Jose and have an office in Campbell and in Dallas. One segment of my business is cash flow houses in Dallas. My clients have done really well in [...]
Real Estate Pain
Was I talking about this yesterday??!! I said I thought it was the ‘loss of wealth” that made people kill themselves when the markets are off. This morning, as I walked with my dog,Rebel, I realized that that was probably a bit too shallow. Today I am thinking it’s the people we’ve affected, or maybe [...]
Real Estate Is My Life
My Yahoo! (CNN) — German billionaire Adolf Merckle, one of the richest men in the world, committed suicide Monday after his business empire got into trouble in the wake of the international financial crisis, Merckle’s family said Tuesday in a statement. Merckle, 74, was hit by a train in the southwestern town of Ulm, police [...]
Loan Mod Updates
It was only a few weeks ago that I read the statistics showing that the majority of borrowers that were given modified loan terms in order to keep the owner in the home were delinquent within 12 months of the modification! I really thought that was the end of loan mods. I mean, if they [...]