BACK TO WORK!

Published in December 26th, 2009
Posted by johnjuarez in Real Estate, buyers, REO, Lending, Mortgage/Finance, foreclosure, 1st Time home buyer advices, home buyer, Buying a home, Bank owned real estate, short sale, first time buyer
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It has been a good Christmas Season. I just got back from two days away visiting family in the Sierra foothills. Cold, but no snow. Warm inside with great-grandparents, grandparents (me included), parents and children all gathered for the holiday fun and joy. Lots of good food and love in several helpings. I got my […]

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WHAT IS THE OPPOSITE OF A SHORT SALE?

Published in April 27th, 2009
Posted by johnjuarez in Real Estate, buyers, REO, Lending, Mortgage/Finance, foreclosure, 1st Time home buyer advices, home buyer, Buying a home, Bank owned real estate, short sale, first time buyer
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If you answered the above questions by saying “A long sale” you are wrong. A short sale IS a long sale! (Of course, we are talking about real estate, not stocks and bonds.) When I say long, I mean as in a long time…months, in fact.
Some time back, I told my wife that I was […]

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MORTGAGE RATES ARE STILL LOW

Published in April 6th, 2009
Posted by johnjuarez in Uncategorized, Real Estate, buyers, REO, Lending, Mortgage/Finance, foreclosure, 1st Time home buyer advices, home buyer, Buying a home, Bank owned real estate, short sale, first time buyer
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Mortgage rates have been low for a while. They remain low. Unusually low. Attractively low. You don’t really expect them to stay this low forever…do you?
A recent article in The Business Journel, covering the Triad Area of Greensboro and Winston/Salem , North Carolina stated that ” Freddie Mac says the average 30-year fixed-rate mortgage fell to 4.78 percent this […]

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More Fallout From the Credit Crunch

Published in December 30th, 2008
Posted by johnjuarez in Real Estate, buyers, REO, Lending, Mortgage/Finance, foreclosure, home buyer, Buying a home, Bank owned real estate, short sale
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Are you a real estate investor? How many properties do you own? Do you have a mortgage on these properties? Well…if you have 4 or more mortgages, then you better be ready to write a check for the full amount of your next purchase. Yes…it does not matter if your credit is good and you […]

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The Banality of a Short Sale

Published in November 30th, 2008
Posted by johnjuarez in Real Estate, buyers, REO, Lending, Business, Mortgage/Finance, foreclosure, 1st Time home buyer advices, home buyer, Buying a home, Bank owned real estate, short sale, first time buyer
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Aren’t we getting tired of short sales?
 Misleading prices…extremely long response periods from lenders…the necessity for way to many follow up phone calls-from buyer’s agent to listing agent and from listing agent to lender…buyers walking away from offers because they have (pick one) 1. bought another property, 2. got tired of waiting for a response, 3. […]

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A “SHORT SALE” IS NOT A QUICK SALE #1

Published in January 5th, 2008
Posted by johnjuarez in Real Estate, buyers, REO, Lending, Mortgage/Finance, foreclosure, 1st Time home buyer advices, home buyer, Buying a home, Bank owned real estate, short sale, first time buyer
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My wife was happy when I told her that I was writing an offer for a client.
“The property is a ’short sale’ ” I told her.
 ”Great!” she said. “That means that your commission check will  come quickly. Why don’t you do more transactions like that?”
 Well…she assumed that ’short’ meant short-time-wise. Not so! Short, in this […]

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