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Basics of Buying Real Estate Short Sales

Over the last several years, short sales have received a substantial amount of attention. This type of transaction is done when the seller owes more on his or her mortgage than the value of the property. The lender essentially agrees to accept less than Read More...
Posted Monday, March 15, 2010 11:02 AM by Chaim Gleitmann CIPS | 0 Comments

Buying a Home in Time to Get Credit

The new law extends the tax credit for first-time home buyers and opens it up to some existing homeowners as well: The credit is now up to $8,000 for first-time buyers and up to $6,500 for repeat buyers. All buyers must have a binding contract on a house Read More...
Posted Sunday, November 15, 2009 11:48 AM by Chaim Gleitmann CIPS | 0 Comments

Top Ten Problems To Avoid When Buying Real Estate

To the great relief of many people, both inside and outside the real estate industry, it seems like the worst part of the sagging real estate market could be behind us. It’s dangerous business attempting to foretell market movements (see below) Read More...
Posted Saturday, November 14, 2009 5:25 PM by Chaim Gleitmann CIPS | 0 Comments

Report Sheds Light on Why Homeowners Walk Away

When do borrowers walk away from their homes? More often, it’s when the bank can’t go after them. A new study shows that mortgage defaults are higher in states where banks can’t pursue a defaulted borrowers’ assets in court, suggesting Read More...
Posted Friday, October 23, 2009 11:25 AM by Chaim Gleitmann CIPS | 0 Comments

Can You Save Money At A Foreclosure Auction?

In the last year and a half foreclosures in the United States have been commonplace. Banks and mortgage lenders have many properties they must sell to recoup their loans . At foreclosure auctions, houses often sell for a fraction of their market value Read More...
Posted Sunday, October 18, 2009 10:46 AM by Chaim Gleitmann CIPS | 0 Comments

Home buyers should pay attention to IRS Form 4506-T

Home buyers should pay attention to IRS Form 4506-T Not just a harmless part of the paper blizzard, it potentially exposes otherwise confidential personal financial information to unknown and uncontrollable numbers of people. Reporting from Washington Read More...
Posted Friday, October 16, 2009 6:38 AM by Chaim Gleitmann CIPS | 0 Comments

How to Buy Foreclosures

Foreclosures occur when previous owners default on the mortgage payments and the property gets repossessed by the lien holder. These days, you will find many foreclosed homes and properties available for purchase in your area. This is a good thing for Read More...
Posted Wednesday, October 14, 2009 12:43 PM by Chaim Gleitmann CIPS | 0 Comments

Don’t Miss These Bad Credit Mortgage Facts

Basically, a bad credit mortgage is quite the same as a standard mortgage. The lender loans you an agreed amount of money and you have to pay it back with an agreed rate of interest added. When you want a site on best mortgage deals you can find it here. Read More...
Posted Tuesday, October 13, 2009 11:29 AM by Chaim Gleitmann CIPS | 0 Comments

How to pay your mortgage off sooner than what your contract says you can

Did you know that if you were to just make simple monthly payments throughout the life of your 25-year mortgage, you’d end up paying more than DOUBLE than your original purchase price over time? Even scarier: if you were one of the ‘lucky’ Read More...
Posted Thursday, October 08, 2009 2:54 PM by Chaim Gleitmann CIPS | 0 Comments

7 tips for a preapproved mortgage

7 tips for a preapproved mortgage Having a letter of preapproval can remove a lot of obstacles to homebuying, but the process isn't as simple as it used to be. Preparation and caution are advised. By SmartMoney During the height of the real estate Read More...
Posted Wednesday, September 30, 2009 7:43 AM by Chaim Gleitmann CIPS | 0 Comments

Mortgages New Rules Coming Soon

STATES have taken the lead in adopting laws to protect consumers from some of the problem loans that helped trigger the home foreclosure crisis, but the federal government is now stepping up its efforts. On Oct. 1, new rules adopted by the Federal Reserve Read More...
Posted Saturday, September 26, 2009 5:14 AM by Chaim Gleitmann CIPS | 0 Comments