Archive for July, 2009
July 19th, 2009 by admin
It’s a real estate adage that is truer now than it ever was:
Location, Location, Location.
When you’re looking to get into the home of your dreams, location is going to be one of your key buying points. For example, is it in an appealing neighborhood? Is it conveniently located close to work and other oft-traveled destinations? Is it zoned for the top schools in the area?
Those same concerns also hold true for investors who are eager to purchase, renovate and flip homes for profit. Location is a major selling point — if you don’t have great location, you can be sure it will be a major strike against you in the minds of prospective buyers.
The July 2009 edition of Foreclosure.com’s free educational newsletter, “Investment Exchange,” is now available, which details how you can find a great home in an ideal location at a price you can afford.
The excitement of an opportunity-laden market like we are enjoying right now can sometimes cause you and other buyers to think that it’s impossible to lose; however, the reality is just the opposite — Yes, the market is ripe for the picking, but that doesn’t mean there aren’t a few bad apples in the bunch.
We’re here to help you make the right choice. The smart choice. To check out Location, Location, Location today be sure to click here.
Remember that “Investment Exchange” is a FREE resource that Foreclosure.com provides its site visitors. Sign up to receive the educational real estate newsletter each month at no cost right here.
July 19th, 2009 by admin
To search foreclosed homes in Long Island and other New York areas click here.
July 19th, 2009 by admin
Fannie Mae — among the largest mortgage lending institutions in the nation — has introduced an attractive financing program to “jump-start sales” of its homes in South Florida and beyond, according to the Daily Business Review.
HomePath.com, which includes all properties that are owned by Fannie Mae, will now offer homebuyers the opportunity to purchase foreclosures with just 3 percent down through its HomePath® Mortgage Financing program.
The report indicates that “buyers of Fannie Mae-owned homes can finance up to 97 percent of the sale price and don’t need to buy mortgage insurance, typically a requirement of low down-payment loans.”
Jane Severn, Fannie Mae director of new business initiatives, had this to say about the financing program:
“We heard from buyers that getting financing is one of their biggest challenges when looking to buy a property, particularly foreclosed properties. We are trying to be as flexible as possible for someone to buy a Fannie Mae home.”
There is a wide selection of homes currently listed on HomePath.com, including single-family homes, condominiums, and town houses, which are located in a variety of neighborhoods in all corners of the United States.
To check out the Fannie Mae-owned homes available in your area today visit HomePath.com.
July 19th, 2009 by admin
With just one day to spare, the 54,000-square-foot mansion of former four-time heavyweight professional boxing champion, Evander Holyfield, in Atlanta, Ga., has been rescued from a public foreclosure auction that was scheduled for tomorrow (July 7, 2009).
Holyfield has been fighting to keep the 109-room home, which includes 17 bathrooms, three kitchens and a bowling alley, among other luxurious amenities, for almost a full year.
It now appears that he has struck a deal with mortgage holder JP Morgan Chase & Company to stay put; however, he must pay back the entire $10 million loan on the 104-acre estate no later than Aug. 4, 2009.
Holyfield has made millions throughout his career as a prize fighter.
In fact, he pocketed a cool $34 million just to go toe-to-toe with Mike Tyson back in 1997 in what is now referred to as “The Bite Fight.” All told it is estimated that Holyfield earned an estimated $250 million in the ring throughout his career, which excludes endorsements, sponsorships, appearance fees, etc.
His agent, Jerry Schaffer, recently informed 11Alive.com that his client “is working on several projects right now, including a comeback fight,” details of which should be announced in the next 60 days.
The 46-year-old slugger — who has also faced a public battle over late child support payments in the past (he has 11 offspring) — doesn’t appear to have that much time … especially if he doesn’t have $10 million at his fingertips.
July 19th, 2009 by admin
It stands to reason that if you are interested in money and you enjoy making it you might want to go after a career that allows you to use your love and your skills. If you do a good job at analyzing things and you can map out trends and the like then there is a good job that you might have a career path in the area of personal finance.
There are lots of people out there that are looking for someone that can help them take the money that they have and find a good avenue in which to invest that money so that there is a reasonable return on what they are investing and that they can actually see the nest egg begin to grow and steadily increase in size.
Certainly if you are looking to do this you are going to need an education to match. This is not a career that you can wake up today and say I am going to become a Personal Finance Advisor and then get started on it and be up and running. You need to know the logistics of the position and the needed skills to do it have to be honed. This usually requires a college degree and perhaps even an internship with someone that actually does this.
In fact many of the companies that specialize in handling financial advisor issues do welcome people doing internships. It helps out that firm in several ways. It allows them to have someone menial take care of the issues that are tedious and time consuming and thus allows the advisors themselves to concentrate on making money.
It also allows the firm to look at perspective employees that might be good matches for them to hire. So the intern gets an education in the business perspective from the ground up at a real business that does investments while the person is also getting an education from a higher learning institution on the nuts and bolts formulas and strategies involved in the business aspects.
The combination of the two items tend to hone down a well educated individual with the skill set needed to be a top notch employee that is going to have a long career in the investment arena. Doing an internship while attending school gets the student to the top of the mountain faster and ready to go out and start working quickly.
July 19th, 2009 by admin
A total of 1,905,723 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,528,364 U.S. properties in the first six months of 2009.
July 19th, 2009 by admin
RE/MAX International, Inc., announced that visitors to remax.com soon will be able to search more than 1.8 million foreclosue properties in the U.S. via a strategic partnership with RealtyTrac.