Real Estate Information

Interesting how we think that the government that caused the problems is the same government that will fix the problem.

www.thinkbigworksmall.com/mypage/player/tbws/23088/1459883

Let's face it - If not you, then you know someone who is dealing with the problem of possible foreclosure. Many homeowner's don't know what to do - and I have spoken with many Realtor's in the same situation and was surprised to find out that they also have mis-information and did not know what to do.

Did you know that a foreclosure is much worse than a short sale on your credit report?

Did you know that the seller pays no fees or commissions on a short sale? 

Did you also know that it is illegal to charge a fee for a loan modification unless they have a license to do so and is on record with the Department of Real Estate?  

Steve and I have created FREE reports to educate you and help you get the right information.

You can visit our website at:  www.preforeclosurehelp.org

and you can have these FREE reports:

"Your first steps to Avoid Foreclosure"      

"Truth about mortgage modification"

"Short sales explained"

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.