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

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The Future of Home Prices? It Depends on the “Opinion of the Day!”

Posted by: Carleton Sheets in Real Estate Market, Real Estate, Loan, Interest Rate, Housing Market, Foreclosure, Economy, commercial real estate, Commercial, balloon mortage on Jan 19, 2009.

Just like you, I have been reading reports in the media that housing prices are not at the bottom yet. Whether this is true or not remains to be seen, but I continue to remain optimistic that the real estate market will turn around---it has always rebounded in the past, and I firmly believe that it will continue to do so in the future.

However, a colleague of mine at the Professional

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Have You Tried to Get a Loan Lately?

Posted by: Carleton Sheets in Rehab, Real Estate Market, Real Estate Investor, Real Estate, Lender, Investing in real estate, Interest Rate, Hard money, Credit crunch, Credit on Nov 09, 2008.

My Coaches and staff members are fielding calls about the squeeze of the credit market every day. Let's face the facts ... it is difficult for many people to get a loan right now. Only those investors who have stellar credit and a down payment are able to take advantage of this market to buy properties at rock-bottom prices---at low rates of interest.

However, if you are like many investors,

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Mortgage Buy Downs

Posted by: Carleton Sheets in Interest Rate, Creative Financing Techniques, Buy Down on Jun 21, 2008.

There is a technique that allows you to help the buyer lower his or her mortgage payment without requiring a large down payment, or sacrificing your profit.

Buying down a mortgage rate means that you, as a seller, will pay points up front to help lower the buyer's monthly mortgage payment instead of lowering the price of the property. (One point is 1% of the sale price, and each point lowers

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