Mortgage Rates Hit Record Lows
Friday, December 16th, 2011 Posted in Inside Real Estate | No Comments »Freddie Mac’s most recent national mortgage loan interest rate survey is reporting record lows, including: 30-year fixed averaged 3.94% 15-year fixed averaged 3.21% 5-year ARM averaged 2.86% 1-year ARM averaged 2.81% What are you waiting for ~ lower rates??? The survey also includes a breakdown of ...
Why I Practice Transparent Real Estate
Thursday, December 15th, 2011 Posted in Inside Real Estate | 1 Comment »It's fun to practice "transparent real estate"! Transparent real estate is simply revealing everything (good and bad) to my clients so they can "see through" their transaction with full disclosure and all facts on the table. I believe the proper role of ...
Boise Real Estate:101 ~ Prepayment Penalty
Wednesday, December 14th, 2011 Posted in Inside Real Estate | 5 Comments »A prepayment penalty is a fee that is charged by the lender when a borrower pays off a loan early. These days, most promissory notes include language similar to "I may make a full prepayment or partial prepayments without paying any ...
B of A Proposes Foreclosure Rental Program
Monday, December 12th, 2011 Posted in Inside Real Estate, Short Sales | 3 Comments »Bank of America is considering the idea of letting delinquent borrowers lease back their homes after completing a short sale. In essence, the borrower's home would be short-sold to an investor who would agree to lease the borrower's home back to ...
Proposed Deficiency Judgment Limitations
Sunday, December 11th, 2011 Posted in Inside Real Estate | No Comments »U.S. Congress Representative Ed Towns (D-NY) has introduced proposed legislation that would limit the period of time during which a mortgage lender can bring a deficiency judgment against a foreclosed borrower. The bill would establish a twelve-month time limit, except in ...
