ASK THE PIG – “How Do You Value Diseconomies?” A diseconomy in real estate is a condition unrelated to the property itself that can negatively affect its value. An example of this might be an area that was recently flooded (even if the subject property was not), a home that backs up to a cemetery…
[facebook] [retweet] Lending product HomeReady expands to include refis The government is once again expanding access to credit in an effort to capture a wider audience by making homeownership more available through Fannie Mae’s latest update. Thanks to new research and lender input, Fannie Mae announced its new HomeReady mortgage that will replace MyCommunityMortgage, Fannie’s…
[facebook] [retweet] Clear Capital: Increases in distressed, seasonal changes suggest yes A new report from Clear Capital suggests that REOs and short sales may be on the rise again. “With stocks plummeting last week and the global economic impact on our domestic economy and housing markets still unknown, distressed sales continue to be a critical…
[facebook][retweet] The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October, according to RealtyTrac’s October 2014 Residential and Foreclosure Sales Report. The price of non-distressed homes increased at the slower rate of 11 percent during the same…
[facebook] [retweet] “Best (& Worst) Beach Bodies of the Year”. That was the headline that grabbed my attention a while back as I stood in line at the grocery store. And it wasn’t for the most obvious reason that a 30-something year old man might be tempted to take a peek. In contrast, this was much…
I received a great question from Charles, one of our guild members, a few days ago…and I thought it was the perfect choice for this month’s “Ask the P.I.G.” video. Charles wanted to know what is the best way to find real estate “hot spots”, or the highly desirable neighborhoods in your…
[facebook] [retweet] Check out the above video for my answer to J. Paul’s question, “What’s the difference between transactional funding and hard money lending?” They are completely different forms of financing a property, and so it’s important to know the difference between the two, and which deals would require which type…
[facebook] [retweet] I recently had a student ask me if I flip HUD and/or REO foreclosures, and whether the bank contracts are assignable. Since it’s a question that I’m asked fairly often, I thought it would make for a great “Ask the PIG” post for all of my subscribers. The short…
. Operating as a real estate professional without a license is a 3rd degree felony in my home state (Florida) and is considered a serious offense in most states. Check out this brief video where Matt shares how you can legally and ethically compensate someone who has brought you a real estate deal, without ending…
[facebook] [retweet] I admit that I am not an expert at a lot of things. Rather than being a jack-of-all-trades and a master of none, I decided long ago to be a master of a few things, while remaining downright awful at pretty much everything else. Some of my shortcomings include singing, dancing, drawing, or…