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Real Estate Prices and Unemployment Real Estate Prices have always had a strong correlation with the US unemployment rate. Over time, when the United States is at full employment (5% or less unemployment), real estate prices have performed better relative to periods of higher unemployment rates. This correlation between real estate prices and US unemployment has everything ...
How to Buy a Short Sale? A Short Sale is the procedure in which homeowners can sell their home for less money than they actually owe on the mortgage. A Short Sale can be a great alternative to bankruptcy or a foreclosure for a homeowner that can no longer afford to keep paying his or her mortgage. Often, in order to avoid the significant ...
Negative Equity Negative Equity is when the value of a property used to secure a loan is less than the outstanding balance on the loan. In real estate, the term Negative Equity is synonymous with the being "underwater" or "upside-down" on a mortgage. In today's real estate market, many homeowners now have Negative Equity on their home, ...
Short Sale Fraud Short Sale Fraud is becoming more and more prevalent in the poorly performing US real estate market. Below are graphs and data from a recent report from CoreLogic : What Is Short Sale Fraud A Short Sale is an alternative to bankruptcy or a foreclosure for homeowners that can no longer afford to keep paying their mortgage. Often, in ...
What is a Short Sale? A Short Sale is the process in which a homeowner can sell his or her home for less money than he or she actually owes on the mortgage(s). A Short Sale is an alternative to bankruptcy or a foreclosure for homeowners that can no longer afford to keep paying their mortgage. Often, ...
Force Placed Insurance: My Story As a landlord in Florida, I maintain homeowner’s insurance on several residential investment properties (real estate rentals). A little over a month ago, I received a letter from my homeowner’s insurance company threatening to cancel my homeowner’s insurance. The homeowner’s insurance company, Southern Oak, said that one of the windows on ...
Conventional Loan vs FHA Loan Conventional and FHA Loans at a glance... Conventional Loan FHA Loan 20% down 3.5% down PMI not required (unless <20% down) PMI required Slightly lower interest rate (credit dependent) Slightly higher interest rate (credit dependent) Better terms require higher credit score Better terms to those with lower credit scores Financed MIP (if <20% down) Up Front MIP (Mortgage Insurance Premium) Conventional or FHA : Which loan ...
