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The Difference Between Judicial And Non-Judicial Foreclosure
2008-04-24 18:48:00
Foreclosure laws differ in each state and each state law will determine the process of foreclosure. Homeowners that are facing foreclosure should research and understand their state foreclosure law because it will determine the time line, legal step, and legal right the parties have in the process. There are two types of procedures a foreclosure ...SHARETHIS.addEntry({ title: "The Difference Between Judicial And Non-Judicial Foreclosure", url: "http://yourrealestatechic.com/the-differ ence-between-judicial-and-non-judicial-fo reclosure/" });
More About: Foreclosure

Rental Insurance Not Required, But Necessary
2008-04-21 19:22:00
Growing number of homeowners have fallen victim to foreclosures and are now renting. Those renting do not qualify for home insurance that protect tenants in a home. Insurance companies also has coverage plans called renters insurance. Renters insurance is for those who rent and covers loss or damaged personal items. It also provides limited liability protection ...SHARETHIS.addEntry({ title: "Rental Insurance Not Required, But Necessary", url: "http://yourrealestatechic.com/rental-ins urance-not-required-but-necessary/" });

One Room or a Mansion?
2008-04-21 06:57:00
Here's an idea of what $400,000 (or thereabouts) can fetch in various parts of the U.S. For instance, In Detroit, a 5,000-square-foot Tudor mansion costs only $1,000 more than a 400-square-foot studio apartment on Manhattan's Upper East Side.SHARETHIS.addEntry({ title: "One Room or a Mansion ?", url: "http://online.wsj.com/article/SB12084617 7990623803.html?mod=residential_real_esta te" });

My $1,200 Radon Job
2008-04-19 19:11:00
Despite the risks, radon has ranked pretty low on many homeowners' action lists. But as homeowners and builders rush to make dwellings healthier on all fronts, radon is emerging as a hot button in both new construction and resales. Gwendolyn Bounds tracks her radon remediation.SHARETHIS.addEntry({ title: "My $1,200 Radon Job", url: "http://online.wsj.com/article/SB12085559 9410427459.html?mod=residential_real_esta te" });

Bush Picks Preston for HUD
2008-04-19 00:44:00
Bush nominated Steven Preston , who runs the Small Business Administration, to be HUD secretary. The move is likely to set off a skirmish between the White House and Congress.SHARETHIS.addEntry({ title: "Bush Picks Preston for HUD", url: "http://online.wsj.com/article/SB12085236 2082526131.html?mod=residential_real_esta te" });
More About: Bush

Second-Home Buyers Go Condo
2008-04-18 18:37:00
The second-home market is in a slump. But one type of vacation property is still showing signs of life: condos. They don't require much maintenance, and they are usually cheaper to buy and easier to resell than houses.SHARETHIS.addEntry({ title: "Second-Home Buyers Go Condo ", url: "http://online.wsj.com/article/SB12084698 9769224439.html?mod=residential_real_esta te" });

Mortgage Foreclosure Scams
2008-04-18 16:43:00
There are enough problems homeowners are having to face due to home foreclosures in the sinking housing market. Falling behind on the monthly mortgage payments, homeowners start receiving persistent phone calls, large amounts of letters and postcards from foreclosure help agency claiming to provide services for homeowners to get out of foreclosure. Some of these ...SHARETHIS.addEntry({ title: "Mortgage Foreclosure Scams ", url: "http://yourrealestatechic.com/mortgage-f oreclosure-scams/" });

Big Palm Beach Deals
2008-04-18 03:59:00
Two of the most expensive deals in U.S. residential real estate have taken place in Palm Beach , Fla.SHARETHIS.addEntry({ title: "Big Palm Beach Deals", url: "http://online.wsj.com/article/SB12084818 8123725069.html?mod=residential_real_esta te" });

Hypo Real Estate Welcomes An Offer from Flowers Group
2008-04-17 21:33:00
Hypo Real Estate Holding AG Wednesday said that U.S. private-equity firm J.C. Flowers & Co. is coordinating a group of investors that intend to offer about €1.12 billion ($1.77 billion) for a stake of about 24.9% in the German property and public-finance company.SHARETHIS.addEntry({ title: "Hypo Real Estate Welcomes An Offer from Flowers Group ", url: "http://online.wsj.com/article/SB12083820 3111320745.html?mod=residential_real_esta te" });

Why Lenders Are Leery of Short Sales
2008-04-17 17:50:00
Lenders have been slow to take advantage of a longstanding alternative to foreclosure -- a so-called short sale. At first glance, a short sale might seem like a win-win for everyone involved. But the success rate for short-sale offers is low.SHARETHIS.addEntry({ title: "Why Lenders Are Leery of Short Sales ", url: "http://online.wsj.com/article/SB12083938 0851021529.html?mod=residential_real_esta te" });
More About: Lenders

Quitclaim A Property Will Not Avoid Foreclosure
2008-04-14 18:25:00
Homeowners are desperately trying to find creative ways to avoid a foreclosure.  A common mistake that these homeowners believe is that, if they sign over a quitclaim deed, the foreclosure will not show up on the credit report.  There is a misunderstanding of what a quitclaim deed is really all about and how it affects ...SHARETHIS.addEntry({ title: "Quitclaim A Property Will Not Avoid Foreclosure ", url: "http://yourrealestatechic.com/quitclaim- a-property-will-not-avoid-foreclosure/" });

New Foreclosure Guidelines Set By Fannie Mae
2008-04-09 09:39:00
Starting effective June 1, 2008, for loans to be considered by Fannie Mae from any potential borrowers, their credit history must be cleared from any foreclosure activities for at least 5 years. Whereas before, Fannie Mae required borrowers 4 years for their credit history to re-establish. They have allowed a lesser time period to elapse ...SHARETHIS.addEntry({ title: "New Foreclosure Guidelines Set By Fannie Mae", url: "http://yourrealestatechic.com/new-forecl osure-guidelines-set-by-fannie-mae/" });

Record Foreclosure Rates, Delays Eviction Process
2008-04-07 18:35:00
Lenders are so overwhelmed and under staffed to deal with the housing crisis on delinquent borrowers.  According to the Mortgage Bankers Association, the number of borrowers that are delinquent on their home loan at least 90 days, have rose 3.6 percent at the end of December.  That figure has been the highest in at least five years and ...SHARETHIS.addEntry({ title: "Record Foreclosure Rates , Delays Eviction Process ", url: "http://yourrealestatechic.com/record-for eclosure-rates-delays-eviction-process/" });

How To Write A Letter Of Hardship
2008-04-03 09:40:00
Mortgage companies require writing a Letter of Hardship to submit with a short sale packet on a home.  This is one of the hardest things to do as the homeowner in this situation because you have to open up about your financial difficulties.  A letter of hardship is a written or typed out statement explaining the reasons ...SHARETHIS.addEntry({ title: "How To Write A Letter Of Hardship", url: "http://yourrealestatechic.com/how-to-wri te-a-letter-of-hardship/" });

Saving Money On Your Homeowners Insurance
2008-03-31 00:05:00
If you are concerned about the cost of homeowners insurance, seeking out discounts is a smart way to save some money.  You could be eligible for reduced rates, if your home is equipped with safety features like an alarm system, smoke detectors, and deadbolt locks.  Having disaster resistant improvements show a safer and more secure home will help ...SHARETHIS.addEntry({ title: "Saving Money On Your Homeowners Insurance ", url: "http://yourrealestatechic.com/saving-mon ey-on-your-homeowners-insurance/" });

There?s Still Time To Refinance
2008-03-26 22:36:00
In the beginning of the year, statistics show that 6 out of 10 loan applications were for refinancing.  That was when the mortgage rates were well under 6% and borrowers were refinancing their loans to save some money.  Lately, mortgage rates have gone up to 6.2% for an average 30-year fixed mortgage from 5.6%, in February.   Even though rates  have gone up, ...SHARETHIS.addEntry({ title: "There’s Still Time To Refinance ", url: "http://yourrealestatechic.com/theres-sti ll-time-to-refinance/" });
More About: Refinancing

Tenants Facing Foreclosure In Rental Property
2008-03-24 01:19:00
In today’s housing market, the tables have turned and renters may need to do a financial background check on potential landlords of a rental property. While the mortgage mess is still forcing more homeowners into foreclosures, tenants are also taking on new risks being in these rental properties. Plenty of homes and condos are made ...SHARETHIS.addEntry({ title: "Tenants Facing Foreclosure In Rental Property ", url: "http://yourrealestatechic.com/tenants-fa cing-foreclosure-in-rental-property/" });

Mortgage Problem Spillover To Credit Card Delinquency
2008-03-12 09:22:00
The bank regulators and the Federal Reserves are paying close attention and expressing concerns that the rise in delinquency go beyond mortgages. Bank of America executives said that credit card delinquencies in California, Nevada, Arizona, and Florida-states with the highest foreclosure rates-increased five times as fast as  in other states, suggesting that consumers struggling with mortgage ...SHARETHIS.addEntry({ title: "Mortgage Problem Spillover To Credit Card Delinquency", url: "http://yourrealestatechic.com/mortgage-p roblem-spillover-to-credit-card-delinquen cy/" });
More About: Credit Card

Understanding Interest-Only Loans
2008-03-07 20:15:00
How do Interest -Only Mortgages Work? Mortgages are ?interest only? when the borrower’s monthly mortgage payment consists of interest only. The mortgage can obviously not be interest only forever: the “interest only period” is defined in the note and generally ranges from 5 to 10 years. After the interest only period is over, the mortgage begins amortizing ...SHARETHIS.addEntry({ title: "Understanding Interest-Only Loans ", url: "http://yourrealestatechic.com/understand ing-interest-only-loans/" });

Mortgage Rates
2008-03-07 09:46:00
The mortgage rates are rapidly moving up and down and all over the place like a roller coaster.  Freddie Mac reports that mortgage rates drop to an average 6.03% on the 30-year fixed-rate mortgage, down from last weeks average of 6.24%.  The 30-year fixed-rate mortgage averaged around this time last year was 6.14%. This week the 15-year ...SHARETHIS.addEntry({ title: "Mortgage Rates ", url: "http://yourrealestatechic.com/mortgage-r ates/" });

Free Mortgage Calculator
2008-03-04 20:43:00
It is important to find the right loan to the right home that also matches your budget.  A mortgage calculator is an important tool you, the prospective home buyer, should use to calculate how much mortgage you can afford to pay.  In just a few easy steps, you can experiment with different loan terms to estimate ...SHARETHIS.addEntry({ title: "Free Mortgage Calculator ", url: "http://yourrealestatechic.com/free-mortg age-calculator/" });

Sell Your House Yourself
2008-03-03 19:48:00
If you have come to the decision that it is time to sell your home, you will find that the process will be much easier if you have an experienced realtor to help you through the process. Sure, you could save some money by handling it yourself, but there are many reasons why you should ...SHARETHIS.addEntry({ title: "Sell Your House Yourself", url: "http://yourrealestatechic.com/sell-your- house-yourself/" });
More About: Selling