Comments for ~ FHA Secrets Unleashed ~ http://fha203kforrealtors.com 203k Network Blog ~ A Network of Real Estate Renovation Professionals Fri, 03 Feb 2012 20:05:49 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Banks Loosen Up by Lorelei Barrett http://fha203kforrealtors.com/real-estate-marketing-2/realtor-real-estate-marketing-banks-start-to-loosen-up-in-underwriting/comment-page-1/#comment-11991 Lorelei Barrett Fri, 03 Feb 2012 20:05:49 +0000 http://fha203kforrealtors.com/?page_id=14861#comment-11991 Interesting information. Now that the jobs report is out, and even higher than anticipated, it will be interesting to see how Wall Street and the Feds react. I'm betting any increases in the mortgage rates will be incremental rather than causing buyers to not be able to afford a home. The title feels a little inflammatory. Point made though, it is a really good time to buy. We're in the 'golden moment' of low prices and low mortgages. Thanks for sharing this article! Interesting information. Now that the jobs report is out, and even higher than anticipated, it will be interesting to see how Wall Street and the Feds react. I’m betting any increases in the mortgage rates will be incremental rather than causing buyers to not be able to afford a home. The title feels a little inflammatory. Point made though, it is a really good time to buy. We’re in the ‘golden moment’ of low prices and low mortgages. Thanks for sharing this article!

]]> Comment on Existing Home Sales ~ Bull Market by Wes http://fha203kforrealtors.com/real-estate-marketing-2/realtor-real-estate-marketing-existing-home-sales/comment-page-1/#comment-11781 Wes Tue, 24 Jan 2012 18:37:59 +0000 http://fha203kforrealtors.com/?page_id=14326#comment-11781 Mostly because we've zeroed in on the renovation market. Down here I do a lot of 203K and HomePath loans. On average our borrowers are making down payments of 5K to 7K and after repairs seeing at least 30 to 40K in appreciation. Just closed a loan for a young couple who bought for 89K, made 40K in improvements with a final value of 220K. Not bad! You can't do that everywhere but many states are prime for equity appreciation when you look at foreclosed properties. Mostly because we’ve zeroed in on the renovation market. Down here I do a lot of 203K and HomePath loans. On average our borrowers are making down payments of 5K to 7K and after repairs seeing at least 30 to 40K in appreciation. Just closed a loan for a young couple who bought for 89K, made 40K in improvements with a final value of 220K. Not bad! You can’t do that everywhere but many states are prime for equity appreciation when you look at foreclosed properties.

]]> Comment on Existing Home Sales ~ Bull Market by Bill Burns http://fha203kforrealtors.com/real-estate-marketing-2/realtor-real-estate-marketing-existing-home-sales/comment-page-1/#comment-11780 Bill Burns Tue, 24 Jan 2012 18:37:17 +0000 http://fha203kforrealtors.com/?page_id=14326#comment-11780 Well it does FEEL like things are turning and that is huge right? The perception and feeling among people to create optimism. Holding my breath for it. Still more foreclosures on horizon blah blah blah. Looks like you are in an interesting market there in New Orleans. How are things there and what are you optimistic about? Well it does FEEL like things are turning and that is huge right? The perception and feeling among people to create optimism. Holding my breath for it. Still more foreclosures on horizon blah blah blah.

Looks like you are in an interesting market there in New Orleans. How are things there and what are you optimistic about?

]]> Comment on HELP & FNMA HomePath Financing by Albert Henriques http://fha203kforrealtors.com/realtor-real-estate-marketing-renovation-marketing/help-fnma-homepath/comment-page-1/#comment-11752 Albert Henriques Mon, 23 Jan 2012 16:33:02 +0000 http://fha203kforrealtors.com/?page_id=14022#comment-11752 Very interesting article, Information of this importance need to be available so uninformed folks could USE these opportunity to better themselves & the sector.With this in mind these programs need to be expanded to other regions.QUESTION:- when will the Realtors & the Construction industry get their act together, for the benefit of the Real Estate sector. Just an eg.The climbing gas price was halted due to complaints from the Retail Industry, Have we done enough to establish our concern? Very interesting article, Information of this importance need to be available so uninformed folks could USE these opportunity to better themselves & the sector.With this in mind these programs need to be expanded to other regions.QUESTION:- when will the Realtors & the Construction industry get their act together, for the benefit of the Real Estate sector. Just an eg.The climbing gas price was halted due to complaints from the Retail Industry, Have we done enough to establish our concern?

]]> Comment on Home Prices Expected To Uptick by wes http://fha203kforrealtors.com/real-estate-marketing-2/home-prices-expected-to-uptick/comment-page-1/#comment-11735 wes Sun, 22 Jan 2012 18:33:43 +0000 http://brokersbestcontractloanprocessing.com/?page_id=13523#comment-11735 Hey Ralph, We will be coming to Florida very soon with a blog commented to the State. Keep an eye out for it. I have linked your web address here: http://fha203kforrealtors.com/real-estate-marketing/backlink-realtor-website-only/ Thanks Wes Mckibbon http://fha203kforrealtors.com Hey Ralph, We will be coming to Florida very soon with a blog commented to the State. Keep an eye out for it. I have linked your web address here: http://fha203kforrealtors.com/real-estate-marketing/backlink-realtor-website-only/

Thanks

Wes Mckibbon
http://fha203kforrealtors.com

]]> Comment on Home Prices Expected To Uptick by Ralph Spurlock http://fha203kforrealtors.com/real-estate-marketing-2/home-prices-expected-to-uptick/comment-page-1/#comment-11734 Ralph Spurlock Sun, 22 Jan 2012 18:18:42 +0000 http://brokersbestcontractloanprocessing.com/?page_id=13523#comment-11734 Thank you for allowing me to post this comment on your website, which I find to be very informative about the FHA 203k loan. If you visit my site http://www.fha.floridabuildinginspect.com and leave a comment I will approve it which as you know provide a track back to your site. Concepts For Building Thank you for allowing me to post this comment on your website, which I find to be very informative about the FHA 203k loan. If you visit my site http://www.fha.floridabuildinginspect.com and leave a comment I will approve it which as you know provide a track back to your site.

Concepts For Building

]]> Comment on Foreclosure Filing Fall by Vito Simone http://fha203kforrealtors.com/real-estate-marketing-2/foreclosure-filing-fall/comment-page-1/#comment-11645 Vito Simone Wed, 18 Jan 2012 16:24:48 +0000 http://fha203kforrealtors.com/?page_id=13950#comment-11645 There certainly are lots of reasons as have been discussed. Now that robo-signing is not the issue I would expect the filings to increase significantly...especially with the governement ready to dump large packages to institutional investors - surely will bring prices down. The issue for us in the real estate industry is to use financing tools like the FHA 203k to move what inventory is available. With inventory expected to rise, maybe sellers of distressed property wil get more realistic about selling at whatever market prices are. If we do our job to help people be better prepared for a 203k transaction, the sellers will take those deals! There certainly are lots of reasons as have been discussed. Now that robo-signing is not the issue I would expect the filings to increase significantly…especially with the governement ready to dump large packages to institutional investors – surely will bring prices down.

The issue for us in the real estate industry is to use financing tools like the FHA 203k to move what inventory is available. With inventory expected to rise, maybe sellers of distressed property wil get more realistic about selling at whatever market prices are.

If we do our job to help people be better prepared for a 203k transaction, the sellers will take those deals!

]]> Comment on Foreclosures About to Increase by Vito http://fha203kforrealtors.com/realtor-real-estate-marketing/foreclosures-about-to-increase/comment-page-1/#comment-10516 Vito Wed, 21 Dec 2011 16:12:02 +0000 http://brokersbestcontractloanprocessing.com/?page_id=11686#comment-10516 The government listens to voters and donors and not necessarily in that order. It is time for those of us on thr front lines to get people to speak to the media, reply to articles, post blogs, etc. Just because there are those of us who will benefit from people buying houses in today''s market does not mean that buying smart in today's market isn't the best thing for anyone who wants or needs to buy and who buys within their means. The deals are out there that's for sure! Posted by Vito The government listens to voters and donors and not necessarily in that order. It is time for those of us on thr front lines to get people to speak to the media, reply to articles, post blogs, etc.

Just because there are those of us who will benefit from people buying houses in today”s market does not mean that buying smart in today’s market isn’t the best thing for anyone who wants or needs to buy and who buys within their means. The deals are out there that’s for sure!

Posted by Vito

]]> Comment on Foreclosures About to Increase by Jose http://fha203kforrealtors.com/realtor-real-estate-marketing/foreclosures-about-to-increase/comment-page-1/#comment-10515 Jose Wed, 21 Dec 2011 16:10:07 +0000 http://brokersbestcontractloanprocessing.com/?page_id=11686#comment-10515 Vito It would be nice if the Government would listen to anyone in helping the middle class, however there seems to be too much money to be made from real estate foreclosures by some powerful investors with deep pockets. I remember back in 1974 when I purchased my first homestead which was a VA foreclosure; my incentive was purchase price of $12,000 for a 3/2/2, with closing costs as down payment, 3% fixed for 50 years, which made mortgage payments very affordable. At the time rents were twice my mortgage payment so I set a goal to pay off my mortgage in 15 years. It worked great. Posted by Jose Vito

It would be nice if the Government would listen to anyone in helping the middle class, however there seems to be too much money to be made from real estate foreclosures by some powerful investors with deep pockets.

I remember back in 1974 when I purchased my first homestead which was a VA foreclosure; my incentive was purchase price of $12,000 for a 3/2/2, with closing costs as down payment, 3% fixed for 50 years, which made mortgage payments very affordable. At the time rents were twice my mortgage payment so I set a goal to pay off my mortgage in 15 years. It worked great.

Posted by Jose

]]> Comment on Foreclosures About to Increase by Bev http://fha203kforrealtors.com/realtor-real-estate-marketing/foreclosures-about-to-increase/comment-page-1/#comment-10456 Bev Tue, 20 Dec 2011 21:14:57 +0000 http://brokersbestcontractloanprocessing.com/?page_id=11686#comment-10456 We haven't been hit as hard in Chattanooga, TN however, it is tough getting anything done with the banks and appraisers Posted by Beverly We haven’t been hit as hard in Chattanooga, TN however, it is tough getting anything done with the banks and appraisers

Posted by Beverly

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