US Real Estate

Minority Groups Less Likely to Secure A Mortgage

By Mike Wheatley | May 2, 2011
Obtaining a mortgage in a U.S. city nowadays is far more difficult for ethnic minority races to achieve, reports a new study released last Thursday. The authors of the study, “Paying More for the American Dream V”, called for mortgage lenders to increase their investments in poorer communities, as well as an improvement in disclosure requirements in order to protect borrowers.
US Real Estate

15 Million Americans Owe More Than Homes Are Worth

By Tavis J. Hampton | February 11, 2011
There is a pocket of Americans who have managed to make their mortgage payments and keep their homes, but who also owe more than the homes are actually worth. While some may owe $200,000 on a $198,000 home, others may owe as much as $200,000 on a home only worth $75,000.
US Real Estate

California Home Sales Up in December

By Tavis J. Hampton | January 22, 2011
California, the state hit hardest with foreclosures, appears to steadily be climbing from the cellar of real estate economies. Buyers there seem to be taking advantage of the market, last month's increase of almost 6 percent in sales being the prime indicator. Experts think the market actually hit bottom and it now rebounding. C.A.R reports sales up over November, but still beneath 2009's figures.
US Real Estate

Mortgage Rates May Slow New Sales

By Reno Charlton | January 17, 2011
Even slight increases in the 30 year mortgage interest rate may affect how home buyers perceive the market. Worse still, with budget belts so tight, even a few points can mean the difference between affordability and impossibility. Have we seen the last of super low interest rates? Some experts believe banks simply have to increase rates to survive.
Coaching

Why Is a Tip Top Credit Score Important?

By Reno Charlton | January 11, 2011
It is no secret that today's economy is as challenging as at any time for the potential home buyer. Forget what sellers are going through now, if your credit is even a bit tarnished you may stand little or no chance of buying a home. And this is the way it may be for the foreseeable future. Here are some tips about credit you may not know.
Coaching, Featured News

Lease Options to the Rescue

By Reno Charlton | January 10, 2011
When sellers give up hope of ever getting their money out of a property, getting them to list a property can be almost impossible. The same is true for marginal buyers who cannot pass stringent credit or down payment stipulations. A lease option agreement is one possible way for the two ends to meet. Putting buyer and seller into a lease option is another task a qualified Realtor can excel at.
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