Online Auction – 306 Penarth Dr, Greenville, SC – Real Estate
Online Real Estate Auction Bidding Begins: Saturday, January 31, 8 am
Inspection: Tuesday, February 3, 5 – 7 pm
Bidding Ends: Tuesday, February 10, 3 pm
Two words, pristine clean describe this brick home. Built new by the owners, it is located in a mature, westside neighborhood of well maintained homes. We have been told that many of the neighbors are the original owners.
Features:
3 bedrooms, 1 and ½ baths on the main floor and an additional full bath on the lower level. Formal living room and den with fireplace. Approximately 1400 sq. ft. on the main level.
There is a screened porch off the kitchen and a half basement with a garage and work area. Large yard and the property behind the home is undeveloped, affording much privacy. Water and sewer. Gas heat.
Ideal home for first time home buyer, someone desiring a smaller home, or for rental income, it is move in ready.
Duration : 0:5:10
(Cleveland Real Estate) For Sale First Time Home Buyer Tax Credit Able
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Duration : 0:6:25
Realestate investing question to do with Mortgage lender in holding?
If a house has a 2nd mortgage and the house goes into default. I heard this from a "So called investor" that if you buy the note on the 2nd and the first wants to foreclose, you can catch the payments up and assume the 1st mortgage on the house. So you are assuming a loan with out qualifying for it. I don’t believe this to be true but i don’t know for sure.
It is essentially true. If you purchase the 2nd, then you now have an "interest" in the property. The primary note holder will most likely deal with you as long as you make the catch-up payment and then continue paying. However, they may also exercise their "Due On Sale" clause and call the note. Unless you are an experienced investor or have someone willing to mentor you, this is a rather risky way of making money in real estate. I am the guy that buys the first lien position notes and wipes out the seconds. Happens all the time…
New home, previous owner from hell?
Hi, would like some of your input into this matter and hopefully some advise that can guide in the right direction. The situation is a big mess and even my lawyer is not providing me any helpful tips. First of all the owner delayed the settlement 2 times causing me to find accomodation elsewhere for the last 2 weeks. When i asked my lawyer since my loan was approved on 24th sept can the owner be charged rent? He said no, NSW laws favor the owner and we can’t do anything. So i had bought some furniture as well for which now i was paying storage fee. Lawyer’s (A-hole) assistant says its nothing to do with property and can’t help. So yesterday (8/10/18) is when the settlement took place at around 3pm. Interesting the owner only moved out on that same day around mid-day from what i gather from neighbors. No one gives me a call as to what happened. so finally i decided to call the realestate and they say they have the key and i can sign for it and pick it up. so i pick the keys about 5pm and go to the house at 6pm. what horror i saw there is just unimaginable. there is no cleaning done, cobwebs all over the walls and owners junk stuff still in the unit like a worn out washing machine which hasn’t been thrown out, cupboard full of junk paper things. i didn’t accept this and since it was late i called both the realestate and lawyer about this. realestate said they will look into this and lawyer said very little he can do after settlement. i asked a few people at my work and they said that is not on, and the lawyer should have just stopped the payment till things were fixed. others have said to get the cleaning done and do the invoice to the previous owner. im lost now, please help me with some advise.
if your in a hurry to move in; i suggest that you immediately document the incident. take photographs; walk through the house with two (2) friends as witnesses; note the damages; then have it cleaned; have the invoice clearly made indicating the cleaning made; the damage fixed and the costs;
then review your settlement agreement see if you accepted the house in good condition and if you have a waiver for claims and damages arising from his occupancy. these provisions might deny your claim. if your settlement is clear talk to your lawyer about suing the previous owner on the ground of unjust enrichment (solutio indebiti) and damages to the house.
this advise is no substitute for consulting with a lawyer.
Saw a foreclosure property listed on yahoo realestate for $29,000. Is this the total price to buy the property
Property is in first stage of Foreclosure.
Probably not. It is probably the amount of money that the loan is in arrears. Then you would have to finance the actual amount left on the loan. Now it could be a property tax forclosure inwhich case, the property could be owned outright by the owner but they owe 29,000 in taxes and you can buy the property simply by paying the owed taxes. It is something worth checking out.
Home Values in Freefall: The Bright Side of the Housing Collapse….
The Bright Side of the Housing Collapse….You can buy a home for as little as $40 (with payments as low as $0.19 per month!!! if financed)
One in five U.S. mortgage borrowers are underwater
NEW YORK (Reuters) One in five U.S. homeowners with mortgages owe more to their lenders than their properties are worth, and the rate will increase as housing values drop in states that have so far avoided the worst of the crisis, a new study shows.
About 8.31 million properties had negative equity at the end of 2008, up 9 percent from 7.63 million at the end of September, according to the study, released Wednesday by First American CoreLogic. The percentage of “underwater” borrowers rose to 20 percent from 18 percent.
Another 2.16 million properties could go underwater if home prices fall another 5 percent, the study shows.
First American said the value of residential properties fell to $19.1 trillion at year-end from $21.5 trillion a year earlier, with half the decline in California. Forty-three U.S. states and Washington, D.C., were included in the study.
While states such as California, Florida and Nevada were particularly stressed, the study showed worrying signs of deterioration in relatively healthy parts of the nation.
“The economic slowdown is broadening,” said Sherrill Shaffer, a banking professor at the University of Wyoming at Laramie and a former Federal Reserve official. “As more people lose jobs, it will be more difficult to sustain the levels of pricing and home ownership, and that is a big factor driving down housing prices in more parts of the country.”
Arizona, California, Florida, Georgia, Michigan, Nevada and Ohio remained the most stressed states, with 62 percent of underwater borrowers and just 41 percent of mortgages.
Other areas, though, also face more stress. Connecticut, for example, saw a 25 percent increase in homes with negative equity, while Washington, D.C., had a 44 percent increase.
“Even I continue to be surprised at the tentacles of this financial and economic debacle,” said Robert MacIntosh, chief economist at Eaton Vance Management in Boston. “More people are being laid off, resulting in reduced income and therefore less consumption. That leaves fewer people with money to buy homes, and the mentality is that people believe they should wait six months rather than buy now. Less demand means falling prices.”
Roughly 68 percent of U.S. adults own their own homes, and about two-thirds of these have mortgages. Many economists expect the nation’s unemployment rate to rise above 9 percent before the recession ends, up from January’s 7.6 percent.
CALIFORNIA, NEVADA UNDER STRESS
California had 1.9 million borrowers with negative equity at year-end, more than any other state, followed by Florida’s 1.28 million. About three in 10 borrowers in both states were underwater.
By other measures, Nevada was the most stressed, with 55 percent of owners having negative equity and borrowers on average owing 97 percent of what their homes are worth. About 28 percent owe more than 125 percent of their homes’ value.
Michigan had 40 percent of its homeowners underwater, while Arizona had 32 percent.
New York fared best, with just 4.7 percent of borrowers with negative equity and an average 48 percent loan-to-value ratio, though this could change as employment and bonuses slide in the financial services industry.
According to the S&P/Case-Shiller Home Price Indices, prices of U.S. single-family homes slumped 18.5 percent in December from a year earlier, the biggest drop in the 21-year history of the data.
Many lenders are taking steps to keep borrowers out of foreclosure. The Obama administration has backed legislation that could broaden powers of bankruptcy judges to modify mortgages for troubled borrowers. Among major lenders, only Citigroup Inc has supported such a plan.
MacIntosh expects housing prices to keep falling until “well into” 2010. “There is no magic bullet or magic arrow here,” he said. “It is a question of trying to come up with ideas and seeing what happens. It could take a long time.”
First American CoreLogic is an affiliate of title insurance and real estate services company First American Corp.
Duration : 0:2:41
Real Estate Advisor-First Step to Solving the Square Footage Puzzle
In part 4 of 8, find out “The Solution” to the Puzzle. You’ll learn the first step to solving the square footage puzzle. Created for brokers and agents.
Duration : 0:1:41
First National Real Estate – Qld Awards Dinner
http://www.firstnational.com.au
Qld Awards Dinner will be held on 13 March 2010 at Sofitel Brisbane. Registrations for this event close on 26 February 2010.
We look forward to seeing you there.
http://www.firstnational.com.au
first national, first national real estate, first national offices, first national qld
Duration : 0:3:24
11961 Montecito, Rossmoor, CA
For more information about this property, please contact First Team Real Estate at 866-938-5812.
View all our videos at http://www.youtube.com/FirstTeamProperties
Company website http://www.firstteam.com
MLS ID: P711147
Regular Sale!!! Nice home located away from freeway! Spacious Living room with gas fireplace, and front window seating area! Skylight in large dining area. Upgraded Kitchen countertops, with center island with Dacor flatop electric stove and Modern Aire exhaust fan. Porcelean sink with delta faucet. Magic Chef dual ovens, Upgraded windows! Detached Garage with storage space above car parking area and laundry hookups! Screened in patio area in backyard.
Duration : 0:2:53
Egypt – rise of the working class: The Independent Union of Real Estate Tax Collectors: Marxism 2009
Tariq from the Independent Union of Real Estate Tax Collectors – te first independent trade union established in Egypt since 1957
Duration : 0:17:38