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Brand New Rules in Favor of Flipping

Mar 12

Posted by Real Estate Home Blog in Real Estate | No Comments

Residential real estate never used to like the term “flipping”, but things have changed since then. The latest changes in policies actually encourage flipping in order to sell more foreclosed homes, which are already horribly damaged – something that area realtors are also in favor of. There are hopes of this helping today’s struggling home market.

Back in the days when there was a boom in real estate and home values had risen, flippers could buy homes to sell them for a profit without increasing the value of the homes in any way. To stop this practice from going on, the rules were changed to forbid property flipping on properties financed with FHA-insured mortgages.
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Real Estate Problems in California

Mar 12

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Norm Miller is CoStar Group’s vice president who hopes to start up a five-star and 100-point scale system by the end of the year which can be used for building comparisons in each market. With it, investors will then be able to find out whether one office building is as great as another building.

Right now, Miller is trying to quantify the various factors that could be affecting real estate rent values, testing them and discarding those that do not have any effects whatsoever. Here are some real estate observations that Miller has seen in San Diego.
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The Realtors’ Outlook on Commercial Real Estate

Mar 10

Posted by Real Estate Home Blog in Economy, Real Estate | No Comments

It does not seem like 2010 will be the recovery year of commercial real estate. In fact, vacancy rates look like they are about to rise, while rents look like they are about to drop.

Not a pinch of meaningful recovery seems to be expected before 2011 due to problems with consumer confidence, unemployment and various other conditions of the economy.
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Short Sale May Get Easier, Good for Everyone

Mar 9

Posted by Real Estate Home Blog in Real Estate | No Comments

Do you remember last year being the year of foreclosures? Well, this year looks like it is about to become the year of short sales.

In Phoenix alone, the amount of finished short sales, in which lenders sold homes for a lower mortgage value, went up by 60% at the end of 2009. Last month, bank-owned home sales went down by 25% compared to a year before, as traditional sales went up by 9% and short sales went up by 16%.
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San Diego Golf Tournament Good for Local Economy

Mar 9

Posted by TeamAguilar in Economy, Real Estate | No Comments

Tom Wilson is the Farmers Insurance Open’s tournament director whose golf course at Torrey Pines is about to tee off. Torrey Pines golf course is an amazing course just minutes away from La Jolla and Del Mar.

For almost two decades now, this tournament has suffered from sponsorship problems, scandals related to professional golfers, and natural disasters; hardly any good news has come their way at all.
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Alex Aguilar
Alex Aguilar
Team Aguilar Real Estate Agent & Blogger!
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FHA Flipping Foreclosures

Mar 9

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It seems that the government is hitting three birds at once with a single far-reaching change in policy. The government wants to help the investors that fix foreclosures, communities troubled with a lot of foreclosed and bank-owned houses, as well as homebuyers with low down payments all at the same time.

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Should Bankers Worry about Commercial Real Estate?

Feb 26

Posted by Real Estate Home Blog in Economy, Real Estate | No Comments

Alarm bells are starting to sound in the industry of banking due to today’s commercial real estate meltdown. Signs seem to show that banks are going to get hit, but there is quite a difference between the foreclosures of several homes and those of offices, shopping centers and hotels with steeper prices.

Belly-ups that occur within more expensive properties also make the pain worse for the people who hold their debts. Because of this, the financial industry is predicting waves of bank failures within the next few years.

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All about Short Sales

Feb 26

Posted by Real Estate Home Blog in Loans, Real Estate | No Comments

Real estate short sales are getting to be extremely common in Dublin, California. In fact, out of 255 pending or active homes in Dublin, 133 of them happen to be short sales. In a nutshell, if your home was purchased between 2003 and 2008, your loan debts are probably much more compared to your actual home’s worth. And, if you keep living there while paying the mortgage, your overall credit rating will probably not get a significant impact if your loan is “upside down”.

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15 Mortgage Companies Subpoenaed by HUD

Feb 5

Posted by Real Estate Home Blog in Economy, Real Estate | No Comments

The HUD says that it is currently taking a much closer look at several mortgage companies in order to find out why there have been so many problems when it comes to mortgages insured by the FHA.

There are 15 companies in total, all of which were given subpoenas recently and demanded data and documents related to loans that have failed and which have ended in claims that were paid out by the FHA’s fund of mortgage insurance.

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IRS Releases Form for Home Buyer Tax Credit

Feb 1

Posted by Real Estate Home Blog in Economy, Loans, Real Estate | No Comments

The IRS has recently released a form, which eligible homebuyers have to claim in order to get the first-time credit of homebuyers this tax season. They have also announced tax returns processing and brand new requirements in documentation to deter any fraud that may be related to first-time credit of homebuyers.

This brand new form follows major changes that were made a few months back, which extended credit to a wider array of home purchasers while adding new requirements of documentation to avoid fraud and making sure that taxpayers properly get credit at the same time.

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