Category: Credit

Lending on Steroids Triggers Bigger Bust

By Mike Colpitts Editor As the nation’s real estate crisis worsens beyond what once seemed unimaginable, a new Housing Predictor analysis shows that the crisis will deflate the value of U.S. homes in the majority of the country between 55 and 70% on average from the markets highest peaks. The amount of deflation depends on… Continue reading Lending on Steroids Triggers Bigger Bust

Time to Buy or Rent Housing

By David Wilkening Conventional wisdom has it that rental housing is throwing money away. But is it really in these times? Not necessarily. It depends in part on where you are located, but in many areas of the U.S. rents are being held down by the dramatic overbuilding of homes and condominiums. In hyper overbuilt… Continue reading Time to Buy or Rent Housing

Finding Money in a Short Sale

By Tony Evans If you’re a homeowner and want to save your credit and eliminate foreclosure proceedings, selling your home through a short sale just might be the ticket. So turn on your computer printer because you’ll want to print this column for future reference. See how the BUZZZ is taking care of you! There… Continue reading Finding Money in a Short Sale

Selling Real Estate without Silent Second Mortgages

By Mike Colpitts In these challenging days of selling real estate “silent second” mortgages are making a quiet, some what frightening, most often times illegal comeback. Silent seconds as they are called in real estate parlance are second mortgages, which are not revealed to lenders and can find the user’s behind bars in the local… Continue reading Selling Real Estate without Silent Second Mortgages

Stealing a House in a Short Sale

By Tony Evans Everybody wants to know how to steal a house, and there are plenty of people trying to these days. Say you’ve missed some mortgage payments and think maybe you’ll be able to “catch up” later on, but you can’t. You call your lender explaining your ‘temporary problem,’ but they can’t think of… Continue reading Stealing a House in a Short Sale

Find Out How Much House Can I Afford With my Salary

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Now that winter is almost over thousands of people will begin actively searching for a home. If you’re one of these people the first thing you want to ask yourself is, How much house can I afford with my salary This is important so that you don’t set your expectations too high and find the right… Continue reading Find Out How Much House Can I Afford With my Salary

What Will Happen with Mortgage Interest Rates in 2016

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Last year Freddie Mac reported that their lowest 30 year fixed-rate mortgage rates hovered between 3.59% and 4.09%. This is the least amount that rates have moved during a calendar year since 1998. And the continuation of low rates has helped consumers, in particular first time homebuyers. With rent prices rising and mortgage payments staying… Continue reading What Will Happen with Mortgage Interest Rates in 2016

Next Real Estate Boom Not Till 2020

A boom in the majority of the nation’s real estate markets won’t develop again until at least sometime after 2020, according to the consensus of opinion of Housing Predictor analysts. The credit crunch, which was started by a fuselage of new creative financing products, including aggressive adjustable rate subprime mortgages and specially designed loans for… Continue reading Next Real Estate Boom Not Till 2020