Blame Canada!
May 26, 2009 by Tempe Realtor · Leave a Comment
Is this what we’ve come to? We’re going to rent from investors from Canada? According to the New York Times, investment firms are buying hundreds of our homes here in Phoenix as rental properties. They are buying bank foreclosures and then leasing the properties back to the original borrowers. In many ways, this works out [...]
Added Commercial Foreclosure List
May 18, 2009 by Tempe Realtor · 1 Comment
Friends,
Many of my most recent investors have been looking at foreclosures in commercial real estate and multi-family properties. Since many of my clients have deemed this to be a favorable avenue for investment, I have decided to unveil these exclusive properties to the public. If you are interested in seeing what’s available, [...]
100% Financing is Back!
May 12, 2009 by Tempe Realtor · 2 Comments
Last October, the Housing Recovery Act of 2008 did away with down payment assistance programs where the seller paid the down payment for the buyer. Did it make sense to do that while in the midst of a housing crisis? Of course not! Well, for a short time, HUD will be undoing the damage they’ve [...]
Tempe Housing Market Update
May 10, 2009 by Tempe Realtor · 2 Comments
Tempe has continued its trend of having about 500 homes available on the market. For the month of April, we had an inventory of 8.68 months. We are starting to see more homes trickle into the $50k-$100k price range. Many of these homes are bank owned and require a lot of rehab. The 8.7 months [...]
2920292 Carmel
May 8, 2009 by Tempe Realtor · 1 Comment
What would you say if a large organization has just told you, “We want to sell your house. We really do! We just don’t want people to find your house on Google, Yahoo, or any other search engine of choice.” Would that make you happy?
Currently, the Metropolitan Indianapolis Board of Realtors has decided that none [...]
Don't bank with your mortgage lender if…
May 6, 2009 by Tempe Realtor · 1 Comment
This might seem like such common sense, but let me state it explicitly as Joel the Realtor recently had his checking and savings account pillaged by Wells Fargo. If you are facing foreclosure, if you are unable to make payments, please please please do NOT leave money in the same bank that you are facing [...]
Mortgage Help
May 5, 2009 by Tempe Realtor · Leave a Comment
I just ran into a neat site about mortgages. Those over at Mortgage Forum can answer any questions that you may have.
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The Recession is OVER
May 4, 2009 by Tempe Realtor · 2 Comments
At least, that’s what Warren Buffett says. According to this article, the recession started some time around December of 2007, and will likely end soon. History has shown that job losses is a lagging indicator, and so hopefully, job losses will continue their trend of decreasing. Read more here:
http://news.yahoo.com/s/ap/20090504/ap_on_bi_ge/us_warren_buffett
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