(Collection of judgment) Tips For Buyers of Foreclosed Properties
May 29, 2009 by admin
Filed under D, Defaulted Mortgages, Judgement Liens, Loan Modifications, S
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Buying the right foreclosed property for your needs can be fraught with underlying legal issues, but by forging connections and studying real estate prices, a repossessed house could be just what you need.
(Collect judgement) Home Warranty of America Continues to Experience Positive Financial Results in 2009
May 27, 2009 by admin
Filed under D, Defaulted Mortgages, Judgement Liens, Loan Modifications, S
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RISMEDIA, May 28, 2009-Despite a challenging real estate market, Home Warranty of America (HWA) reports it continues to grow at a steady rate annually. For the first quarter of this year, the company’s growth has been more than six percent. HWA expects to end 2009 with double-digit growth as it did in 2008. The Illinois-based …
Will Downpayment Assistance Help the U.S. Housing Market?
RISMEDIA, May 28, 2009-With home prices falling nearly 20% in the first quarter of 2009, Ann Ashburn, president of AmeriDream outlined four reasons why the U.S. economy and the next generation of homeowners would benefit from downpayment assistance funded in part by sellers (DPA). Congress is currently considering H.R. 600, bipartisan legislation that would make …
The World Selects Christies Great Estates for International Marketing Services
RISMEDIA, May 26, 2009-The World, the 644-foot luxury liner gracefully appointed with 165 private homes and the only residential community at sea, has selected Christie’s Great Estates for international marketing services.
ResidenSea, the ship’s management company, will now operate as the exclusive affiliate for the oceans and seas of the world. Christie’s Great Estates was instrumental …
New Assistance for Union Members through Union Plus Mortgage
RISMEDIA, May 28, 2009-Union members will now be able to access additional and enhanced benefits through the Union Plus Mortgage Program, from Chase, one of the nation’s leading home lenders, and Union Privilege, the benefits arm of the AFL-CIO.
The Union Plus Mortgage Program is open to union members, their parents and children. After having a …
EXIT Realty Goes Green with Teal is the New Green Initiative
RISMEDIA, May 27, 2009-EXIT Realty brokers, agents and suppliers are going green with the introduction of their “Teal is the New Green” division, as the company’s real estate agents from coast to coast are getting involved in marketing new “green” residential developments.
NovaNewsNow.com reports that sales representative Kris Snarby with EXIT Realty Inter Lake in Nova …
(Judgement lien) 10-year Treasury Up Seventeen Basis Points
May 27, 2009 by admin
Filed under D, Defaulted Mortgages, Judgement Liens, Loan Modifications, S
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During the heavy economic news week of September 17, the 10-year Treasury yield jumped seventeen basis points, ending the week at 4.63%.
MondayNew York manufacturing missed estimates. 10TSY close: 4.47%
TuesdayThe FOMC lowered the Fed Funds Target Rate by 50 basis points. Energy prices pulled producer prices down significantly; core prices rose. 10TSY close: 4.48%
WednesdayAs with producer prices, consumer prices slid overall, but core prices rose. Housing Starts slipped. 10TSY close: 4.52%
ThursdayJobless Claims dropped slightly. Leading Indicators declined unexpectedly, but Philadelphia manufacturing soared. 10TSY close: 4.67%
FridayNo economic data was released. 10TSY close: 4.63%
Durable Goods Orders Fall
Wednesday’s report on Durable Goods Orders was expected to show a decline of about 3.5% in August, but the results were even lower – a 4.9% drop in durable goods orders overall. Without transportation equipment, which tend to sway the results widely, orders fell 1.8%. The report is a popular gauge of business sentiment, the thinking being that businesses will invest in durable goods only when their outlook is positive. Wednesday’s report reflected the largest decline in orders in seven months.
Yields Slip
The soft economic news, combined with strong interest in the 2-year Treasury auction, pushed MBS and Treasury prices up on Wednesday, lowering yields. After opening higher, the 10-year Treasury yield was down to 4.62% by the end of the day – even with the previous day’s close.
The next releases will be Weekly Jobless Claims and the final revision to second-quarter GDP at 8:30 Eastern on Thursday.
Jobless Claims Down, Economy Picks Up – Housing Drags Yields
Jobless Claims Drop
First-time Jobless Claims fell last week, contrary to what most analysts had expected. It was the lowest reading for initial claims in four months. The four-week moving average fell 9,750 to 311,500, easing some concerns about the job market.
Economy Perks Up
The final second quarter GDP results showed a rather quick 3.8% annual growth rate for the economy. Though less than the previous estimate of 4%, the revision represents a significant upside indicator for economic conditions. Changes to imports were primarily responsible for the downward revision to GDP.
New Home Sales Fall
Thursday’s report on New Home Sales reflected an 8.3% drop in purchases to an annual rate of 795,000 homes It is the largest decline since 1970 and the lowest level in seven years. While much of the economy looks healthy, housing remains a drag, and analysts do not expect to see recovery soon.
Five-Year Auction Draws Strong Demand – Yields Slip
Thursday’s five-year Treasury auction drew solid demand, lifting prices and lowering yields. Some had been concerned that worldwide demand for US debt had softened. The auction results, combined with overall soft sentiment about the economy, pushed MBS and Treasury prices higher, taking yields down. By the end of trading, the 10-year Treasury yield was down to 4.57%.
The next release will be Personal Income and Spending and Core PCE at 8:30 Eastern on Friday.
Tuesday
Consumer Confidence and Existing Home Slaes are due at 10:00 Eastern.
Wednesday
Durable Goods Orders are due out at 8:30 Eastern.
Thursday
Weekly Jobless Claims are due out at their usual 8:30 Eastern time, along with final revisions to second quarter GDP. New Home Sales follow at 10:00.
Friday
Personal Income and Spending is due out at 8:30 Eastern. At the same time, monthly Core PCE figures should be released, followed by the Chicago PMI at 9:45. Construction Spending and Consumer Sentiment finish the data week at 10:00.
(Court judgements) Curb Appeal: What is it and How Important is it?
May 26, 2009 by admin
Filed under D, Defaulted Mortgages, Judgement Liens, Loan Modifications, S
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The last thing you want to have happen when you have your home up for sale is for people to drive up and have a look, and then drive off…nver to return again. Why did they leave?
Your home could have been the wrong style or have the wrong exterior finish. But in all likelihood, it was curb appeal.
Curb appeal is one of those magic phrases used by real estate people that means a lot of things. It could be the home itself, or they could be referring to the landscaping. Curb appeal, in is simplest form means the overall balance and harmoney of everything the eye beholds while sitting at the curb and viewing the property. If it is eye appealing and alluring, they will want to come inside and have a look around.
The amount of curb appeal your home has will determine how much inside traffic you get to the home (outside traffic doesn’t count). Inside traffic into the home is what it takes to sell it. So, curb appeal will ultimately effect how much your home sells for…or if it will sell at all.
So what makes up curb appeal and how do you get it?
The Structure
Your home must appear to be in top condition and well maintained. The paint must look fresh and unblemished. Gutters must be straight and in good repair. Doors should be square and fit in their frames perfectly. Anything that looks out of the ordinary needs to either be removed, repainted, or fixed.
The Yard
The lawn should be mowed and edged, and GREEN in the spring, summer and fall. Everything that blocks the view of the home needs to be trimmed or removed. This includes bushes, shrubs, trees, etc. If people cannot see the home, they will not want to come inside. All shrubs and bushes should be manicured and shaped. Flowers and bark or mulch needs to be new and replanted if necessary. Your job is to make the yard look picture perfect BEFORE you put it up for sale. Trim all low hanging branches that interfere with the street view of your home.
If you do not want to do all of the work, hire a landscaping contractor to come up with a plan. You will be more than rewarded for what you spend in the eventual sales price of your home.
Curb appeal increase the traffic to the inside of your home. And, if people don’t come inside, they won’t buy it. Your agent can get people to at least take a drive by your home. It’s up to you to make them want to come inside.
