Click City Name for Meeting Location – All Meetings Begin at 7:00 PM Local Time MOBILE, AL – Monday, 1/10/22 — PENSACOLA – Tuesday, 1/11/22 — DESTIN / FWB – Wednesday, 1/12/22 . There’s a well-known adage that entrepreneurs will work 80 hours per week for themselves to keep from working 40 hours per week…
[facebook] [retweet] A normalizing of the housing market in the last few years has meant a huge decline in distressed inventory available for sale—which has contributed to the low levels of existing homes for sale in recent months. Despite the lack of inventory, investors are becoming more involved in the market, according to data released…
[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] More than 254K properties regained equity New analysis shows 254,000 properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 44.9 million, or 90% of all mortgaged properties, CoreLogic (CLGX) reports. Nationwide, borrower equity increased year…
[facebook] [retweet] If walls could talk, do you know what your investment property would be saying? I think most of us probably cringe at the thought of what might have occurred at a property before we bought it, especially considering the condition in which we oftentimes find them. In most cases it’s easier to just…
[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] [twitter] Maryland may have overtaken Florida for the nation’s highest foreclosure rate of any state in October, but Florida still led all states by far in bank repossessions (REOs) for the month, according to RealtyTrac’s October 2014 U.S. Foreclosure Market Report released Thursday. In all, lenders repossessed 4,905 properties in the Sunshine State in…
[facebook] [retweet] The nation’s negative equity rate dipped closer to single digits in the year’s second quarter, though nearly one in five borrowers remain poorly positioned, according to new data released Thursday. Property information firm CoreLogic reported that nearly 946,000 homes returned to positive equity in the second quarter, meaning the mortgage holders owe less…
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…