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Tuesday, August 18, 2009

Forbes is a useful resource.

We are getting differing opinions on "is it time to get back in the market?"
Some say:

  • The die hard bears are a little bullish since money sitting in one of those empty cheap condo's will bring a better return w/ a renter than cash sitting in the bank.
  • While others say: We're in the eye of the storm, the back side is moving in and its gonna be worse
  • Still others: Investment level homes and rentals - all good - minimal down.
  • And the logical: In a softening market, move up if you ever have thought about it. An X% hit on your $1xx home is less money than the savings on a $2xx home that you can get on the cheap right now. As always - in a hot market, look to downgrade and take your profit on the big one though you'll overpay to a lesser amount on the smaller one. In a soft market, move up and glean the larger savings. ( We like this advice best ).

This post highlights the perspective that you get better real estate advice from resources that do their homework and hold their tongue than the at the beautician or from the local paper or news show. So we've spotlight Forbes.

Others we like: Wall Street Journal.
Some we don't: Money.

Real Estate: The Eye Of The Storm Has Passed | Story
August 12, 2009
The bad news is slowing down, but we're not out of the woods yet for housing. Expect a national bottom in a year, then slow appreciation.
July 29, 2009
From coast to coast, unsold condos sit empty. In these 10 spots, deals are likely aplenty.

Sunday, August 02, 2009

Foreclosures / Short Sales

How To Do a Short Sale

Why Would a Lender Accept a Short Sale?


Short Sale and Foreclosure Effects on Credit

The Impact of Short Sales and Foreclosures on Credit Reports

Buying Foreclosures - How Foreclosures Work

What Is a Foreclosure and How to Profit From Foreclosures

The Drawbacks to Buying Foreclosures

The Condition of Foreclosed Homes