What Are Your Thoughts on the New “Code of Conduct” Rules for Appraisals?

Posted by: Carleton Sheets in Value, Real Estate Market, mortgage broker, Lender, Housing Market, Home Valuation Code of Conduct, fair market value, Economy, borrower, appraiser, appraised value, appraisal on Aug 24, 2009.

There has been much debate in the real estate community about how the Home Valuation Code of Conduct for appraisals that took effect May 1 is affecting the housing market.

The role of appraisers in the subprime mortgage debacle has been closely analyzed ... especially the fact that some appraisers allegedly felt pressured to bump the price of homes upward by providing faulty valuations and to

Comment (4) Read More...

The Right to Rent Plan---Similar to Sale-Leaseback Technique?

Posted by: Carleton Sheets in Tenant, right to rent, Renter, Real Estate Market, Real Estate, Market Value, landlord, Foreclosure, fair market value, borrower on Aug 14, 2009.

In an effort to deal with the growing number of foreclosures on the market, yet another program has been proposed. The Right to Rent Plan would actually allow distressed homeowners to stay in their homes after the foreclosure sale ... by paying a fair-market monthly rent to the "landlord" (the lender who foreclosed on the former homeowner). (Don't get this program confused with an earlier one

Comment (0) Read More...

Condo Owners Get Creative

Posted by: Carleton Sheets in rent, Recovery, Real Estate Market, Real Estate, Market Value, Housing Market, fair market value, Economy, Distressed, Creativity, condo, Comps, association on Aug 11, 2009.

One of my staff members recently sent me an article about a group of condo owners in Chicago who are taking a stand on the eight or so neighboring condo units that are in various stages of foreclosure. Members of the condo association are knocking on doors in an attempt to pass a referendum that would allow the association to purchase the "distressed" units and then rent them out until the

Comment (0) Read More...

More Mortgage Refi Modifications for “Underwater” Borrowers

Posted by: Carleton Sheets in unemployment, Refinance, Real Estate, Obama, mortgage, loan to value, Loan, Interest Rate, Freddie Mac, Foreclosure, Fannie Mae, fair market value, Economy, Credit, borrower, Barack Obama on Jul 02, 2009.

A recent article published by CNNMoney.com reports that the Obama administration has revised its initial mortgage refinancing program to help more borrowers---including those whose homes are valued below their loan amount---qualify for refinancing. The revisions also include stipulations that enable eligible borrowers who are either in default or at risk of defaulting on their loan to lower their

Comment (0) Read More...

Market Often Dictates Buying Versus Renting

Posted by: Carleton Sheets in Rent vs Buy, Real Estate Market, Real Estate, Property, Market Value, Housing Market, fair market value, Buy vs Rent on May 18, 2009.

When I was reading Forbes magazine the other day, I found an article that compared renting to buying a home in this market. The article stressed that every market is different, and that your local real estate market may dictate if buying or renting is the smartest for your investment dollars.

I've always been an advocate of responsible homeownership, and I also encourage investors to practice

Comment (3) Read More...

How Much Is Too Much?

Posted by: Carleton Sheets in Real Estate Market, Real Estate, Property, Neighborhood standard, investment, Housing Market, fair market value on Feb 17, 2009.

What is a good deal in today's market? Well, my decision on whether to purchase an investment property depends on a few things:

  • The fair market value in the area.
  • How much work the property needs.
  • What my plans are for the property (rent or resell).

If you are planning to use the property as your personal residence ... using a general rule of thumb ... you can probably pay up

Comment (0) Read More...

-->
Become a member for FREE and get all of Carleton's courses for FREE. No credit card or purchase required!
* Best Selling Author &
Real Estate Investor
Everything you need to achieve financial freedom through real estate investing is available to members of my site. Thousands have paid hundreds of dollars for this information. Today, it's yours FREE with your no-obligation membership. Take your first step toward becoming a successful real estate investor by joining today.

You'll have immediate access to everything you need to become successful, even if you have a low credit score or are short on cash. Register now!

Don't put off your dreams any longer because right now is the best time to buy property and make money in real estate with creative financing techniques shared on this site.

Why Join CarletonSheets.com?

Immediate FREE Access to 4 of Carleton's Best Selling Programs:

  • Cashing in on Foreclosures
  • Real Profit$™ With Partners
  • Real Profit$™ in Property Management, plus
  • The online version of best selling real estate program of all-time,
    No Down Payment!

No credit card or purchase required.
Why Real Estate Investing?

Real estate investing has created more millionaires than any investment in history.

The benefits of real estate investing are:
  • You can get started in your spare time!
  • No prior experience is required!
  • You don't need to quit your full-time job!
  • You can generate significant monthly spendable cash flow!

 

onebyone