Home Buddies – Houston Credit Repair Coach for Investors and Homeowners

Economic Update: $700 Billion Bailout, Real Estate and Financial Markets

…With the overall economy in a recession, the government appears to be taking the necessary actions to ensure that we do not enter into a deeper and more prolonged recession. However…

A Behind The Scenes Pass to Home Loan Processing-Cont’d

…With the recent house bill changes affecting down payment assistance programs and the viability of the foreclosure lifeline in question, the mortgage industry is still making adjustments….

Loan Programs and Down Payment Assistance

…There are still several loan programs in the market place to help borrowers with their mortgage needs…there are many loan options in the market depending on the borrower’s needs….

Foreclosure and H.R. 5830 – The Problem and The Opportunity

The foreclosures across our country are causing problems within neighborhoods. Many areas in the US are experiencing a rise in crime rates due to so many vacant homes. Although the government has taken both fiscal and monetary action to combat the foreclosure problem such as H.R. 5830, this appears to not be enough. Foreclosures are still increasing across the country. In order to turn the foreclosure problem around…

Convincing Your Lender to Accept a DIL –Deed in Lieu

Let’s begin by pointing out to you some very important facts for you to seriously consider before you choose to just transfer your property directly back to your lender with a Deed in Lieu (DIL).

Convincing your lender to accept a…

Big Economic News on Real Estate and Mortgages

What does this mean for real estate professionals?

Well the bill has not made its way through the senate, but one of the big likely additions to the bill is a tax benefit to investors who buy foreclosed properties. The sophisticated investors have been holding back but now are quietly coming off the sidelines and eyeing the foreclosure market to satisfy their appetite for good deals. If a tax incentive is added to this bill, it will spark investors to buy deals in this market, so keep your ears open for these individuals. In addition, we all know that there are more foreclosures hitting the market than we’ve all seen within the last twenty years, so now is your time to become a foreclosure specialist.

Losing a Sale to Foreclosure? Get a Postponement.

It’s not uncommon that Realtors, or real estate agents in general, lose a sale because the property is going or went into foreclosure. I often ask the agent selling a property, “What are you doing about the foreclosure?” These are a…