Real Estate Listings. General Real Estate - Real Estate Investing http://www.seenonrealestate.com Tue, 23 Aug 2011 23:57:40 +0000 http://wordpress.org/?v=2.7.1 en hourly 1 Rent Houses in Sheffield http://www.seenonrealestate.com/real-estate/rent-houses-in-sheffield http://www.seenonrealestate.com/real-estate/rent-houses-in-sheffield#comments Fri, 29 Oct 2010 22:02:25 +0000 admin http://www.seenonrealestate.com/?p=3505

Sheffield, the city of South Yorkshire in England is named after the river, Sheaf which runs through it. Its net population is more than five hundred thousand which is the 8th highest among the cities of England. Sheffield is very much known for its outstanding steel and cutlery which helped it to support its fast increasing population at the time of Industrial Revolution. Today Sheffield is known for prominent universities providing efficient education to local as well as international students. And thus arises, the need of accommodation for these foreign students. Thanks to the efficient houses for rent Sheffield, this isn’t a problem.

Sheffield offers a great life for students and…

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Rent Houses in Sheffield

Sheffield, the city of South Yorkshire in England is named after the river, Sheaf which runs through it. Its net population is more than five hundred thousand which is the 8th highest among the cities of England. Sheffield is very much known for its outstanding steel and cutlery which helped it to support its fast increasing population at the time of Industrial Revolution. Today Sheffield is known for prominent universities providing efficient education to local as well as international students. And thus arises, the need of accommodation for these foreign students. Thanks to the efficient houses for rent Sheffield, this isn’t a problem.

Sheffield offers a great life for students and others who are looking for a temporary or permanent settlement in the city. You have the city centre, literally located at the centre of the city for looking after all your daily needs. Houses for rent Sheffield provides you help in all shapes and sizes. Modern family houses, villas with large gardens, fully-detached or semi-detached cottages, apartments, terrace houses, etc. are available at very affordable prices. You simply need to sort them by their types, capacities & facilities and then go for the one that serves your purpose. In fact, not only students, but also businessmen can find office spaces to carry on their business in this profitable city.

The popular regions for rented houses in Sheffield are the grassy suburban areas of Crookes and the cosmopolitan Ecclesall Road. You can either do a thorough online research on these areas and get yourself a fine place for rent or simply get in touch with an agent to tell you which region will be best for your purpose and budget. Houses for rent Sheffield have a huge reputation and you can be sure you won’t be disappointed.

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Tranquility at Mount Pleasant http://www.seenonrealestate.com/real-estate/tranquility-at-mount-pleasant http://www.seenonrealestate.com/real-estate/tranquility-at-mount-pleasant#comments Wed, 20 Oct 2010 18:01:13 +0000 admin http://www.seenonrealestate.com/?p=3501

A home in Mount Pleasant, South California that has five bedroom was built in 2003 and sits at the mouth of Shem Creek that is positioned for a lovely tranquil views of Ravenel bridge, the Charleston skyline, Sullivan’s Island, and Fort Sumter. The saltwater pool shown above spans the length of the house and faces the water.

The most expensive home sale on record in the area was in Old Village and went for $3.25 million in 2007. The home sits on 1.32 acres and has a deep water-covered dock on Shem Creek. It was built in 2003 but has the look of an older home complete with that beautiful plantation…

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Mount Pleasant, Estate of the Day

A home in Mount Pleasant, South California that has five bedroom was built in 2003 and sits at the mouth of Shem Creek that is positioned for a lovely tranquil views of Ravenel bridge, the Charleston skyline, Sullivan’s Island, and Fort Sumter. The saltwater pool shown above spans the length of the house and faces the water.

The most expensive home sale on record in the area was in Old Village and went for $3.25 million in 2007. The home sits on 1.32 acres and has a deep water-covered dock on Shem Creek. It was built in 2003 but has the look of an older home complete with that beautiful plantation style porch. Inside the property are high ceilings and wide planked reclaimed antique heart of pine flooring on all three floors. On the first floor the foyer hall runs from the entrance to the rear double French doors leading out to the pool. The kitchen opens to a family room with a fireplace and there is also a formal dining room. A large wood-paneled gathering room has built-in cabinets with gun cases and the adjacent media room has a large drop down projector screen and LCD projector.

The second floor has the master bedroom suite which has a private porch for enjoying the views. There are two other bedrooms and a home office on this floor. The third floor serves as a combination den, recreational room, built-in beds and full bath. An elevator connects all three levels.

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Initial Court Appearance for the Alleged Mortgage Fraud Mastermind http://www.seenonrealestate.com/real-estate/real-estate-fraud/initial-court-appearance-for-the-alleged-mortgage-fraud-mastermind http://www.seenonrealestate.com/real-estate/real-estate-fraud/initial-court-appearance-for-the-alleged-mortgage-fraud-mastermind#comments Wed, 20 Oct 2010 17:50:25 +0000 admin http://www.seenonrealestate.com/?p=3497

Bayside, New York – Jong Shin was the alleged mastermind of a mortgage fraud and money laundering scheme that involved residential properties in Atlantic City, New Jersey has his initial appearance in connection with a two-count indictment.

The Indictment charges that Shin conspired with others to get hold of more than a million dollars of mortgage loans for unqualified borrowers during June 2006 through December 2006 to purchase seven houses in Atlantic City at inflated prices. The Indictment further alleges that Jong Shin and other members of the conspiracy took out a portion of the proceeds from the fraudulently obtained mortgage funds paid at the real estate closings, which Shin used…

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Alleged Mortgage Fraud Mastermind Makes Initial Court Appearance

Bayside, New York – Jong Shin was the alleged mastermind of a mortgage fraud and money laundering scheme that involved residential properties in Atlantic City, New Jersey has his initial appearance in connection with a two-count indictment.

The Indictment charges that Shin conspired with others to get hold of more than a million dollars of mortgage loans for unqualified borrowers during June 2006 through December 2006 to purchase seven houses in Atlantic City at inflated prices. The Indictment further alleges that Jong Shin and other members of the conspiracy took out a portion of the proceeds from the fraudulently obtained mortgage funds paid at the real estate closings, which Shin used to, among other things, gamble, purchase a liquor store and make payoffs to her coconspirators in furtherance of the scheme.

Shin surrendered and following a brief hearing before the Honorable Joel Schneider, U.S. Magistrate Judge, was released on $100,000 bail. The Indictment is the latest step in an ongoing investigation by the Federal Bureau of Investigation and the Internal Revenue Service - Criminal Investigation Division into fraudulent mortgage loans in southern New Jersey.

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Signs of Strength in Home Prices http://www.seenonrealestate.com/real-estate/signs-of-strength-in-home-prices http://www.seenonrealestate.com/real-estate/signs-of-strength-in-home-prices#comments Wed, 20 Oct 2010 17:47:05 +0000 admin http://www.seenonrealestate.com/?p=3494

Unexpectedly, a strong rebound in California’s real estate market aided to lift a key home price index for the eight month in a row.

That is precisely a good news for those who are planning to sell their homes this spring. The prices are now up for almost 4 percent from the bottom in May 2009; however, it is still almost 30 percent below the May 2006 peak.

The largest monthly gain was in Los Angeles, where the prices increased 1.8 percent from December. Real estate agent say there is a distinct sense that the worst of the downturn is over. According to Tony Middleton, a real estate agent with ZIP Realty…

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Home prices showing signs of strength

Unexpectedly, a strong rebound in California’s real estate market aided to lift a key home price index for the eight month in a row.

That is precisely a good news for those who are planning to sell their homes this spring. The prices are now up for almost 4 percent from the bottom in May 2009; however, it is still almost 30 percent below the May 2006 peak.

The largest monthly gain was in Los Angeles, where the prices increased 1.8 percent from December. Real estate agent say there is a distinct sense that the worst of the downturn is over. According to Tony Middleton, a real estate agent with ZIP Realty who concentrates on the San Fernando Valley, buyers are “seeing that prices are creeping up.” “They’re losing bids on homes and they have to bid again.”

The prices in San Diego, meanwhile, rose by almost 0.9 percent. Phoenix had the third-largest gain at 0.8 percent.

Consumer confidence rebounded in March after a February plunge, according to a survey released Tuesday. The Conference Board’s Consumer Confidence Index rose to 52.5 in March, recovering about half of the nearly 11 points it lost in February.

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The Misconceptions on Reversed Mortgage Reality http://www.seenonrealestate.com/real-estate/the-misconceptions-on-reversed-mortgage-reality http://www.seenonrealestate.com/real-estate/the-misconceptions-on-reversed-mortgage-reality#comments Mon, 27 Sep 2010 23:02:39 +0000 admin http://www.seenonrealestate.com/?p=3491

Most people have preconceived notions about reverse mortgages. There are many misconceptions of reverse mortgage reality.

Here are some facts to ease your fear from reverse mortgage reality:

* A reverse mortgage is a mortgage just like any loan against the home but it has special terms for seniors 62 and older.
* The lender or bank does NOT own the home – YOU OWN THE HOME, you keep the title!
* There are no income or credit score requirements to qualify.
* No monthly payments required.
* There is no limitation on how the funds can be used.
* More options – Funds can be received in monthly payments structured as needed, line of credit (with…

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Misconceptions of Reverse Mortgage Reality. Getting Past Preconceived Notions

Most people have preconceived notions about reverse mortgages. There are many misconceptions of reverse mortgage reality.

Here are some facts to ease your fear from reverse mortgage reality:

* A reverse mortgage is a mortgage just like any loan against the home but it has special terms for seniors 62 and older.
* The lender or bank does NOT own the home – YOU OWN THE HOME, you keep the title!
* There are no income or credit score requirements to qualify.
* No monthly payments required.
* There is no limitation on how the funds can be used.
* More options – Funds can be received in monthly payments structured as needed, line of credit (with a growth rate), lump sum, or a combination of these.
* Social Security and Medicare are not affected because it is a loan, not considered income.
* Medicaid (Medical in Minnesota) can still be received with the reverse mortgage.
* Borrowers can stay in the home as long as it is their primary residence or in the case of a couple as long as one borrower is still in the home as their primary residence.  The due date on the mortgage is the youngest borrower’s 150th birthday.
* At the time of sale if the home is sold for more than the loan balance, the borrower(s) or their heirs receive the difference.  The bank does NOT keep the difference.
* The loan is non-recourse which means there is no personal liability to the borrower or their heirs if they are not retaining ownership.  So borrowers or their heirs don’t have to come up with the difference if the loan balance is higher than what the home is be sold for as long as they are not retaining ownership.  Borrowers are not leaving a debt to their children.
* Just like any mortgage, borrowers still have the title and are responsible for property taxes and insurance, association dues (if applicable), maintaining the property and abiding by the terms of the loan.
* A reverse mortgage is a mortgage just like any other mortgage where the borrower is using the equity of their home to meet their needs and desires now.
* As borrowers use the funds/equity and are not making monthly payments the loan balance increases meaning because they used the money now, there will be less available when the loan is being repaid.  (With a conventional mortgage one is using the equity but making monthly payments which repay the interest and a portion of the principal each month.)
* Fees are regulated and only HUD allowed fees are permitted with no mark-ups or junk fees.  Even though many times they are considered expensive or high they compare to conventional loans, in fact the difference comes down to the FHA Mortgage Insurance Premium.  You can see a comparison of the costs in my article, “Reverse Mortgage Costs – High or Mythical?”
* FHA offers and insures through HUD the majority of reverse mortgages known as the Home Equity Conversion Mortgage or HECM, making it the most highly regulated mortgage available.
* HUD insuring the reverse mortgage provides advantages including:
o Guaranteeing the funds that are available for you.
o Guaranteeing the lender against default or shortfalls which means the interest rates are lower (currently under 4% on the adjustable rate; 5.56% on the fixed) compared to other mortgages
o Providing a line of credit growth rate (available only with reverse mortgages).
o Insuring as a reverse mortgage it is a non-recourse (no personal liability) loan.
o The HECMs are highly protected.  See my Blog article “You Need To know Reverse Mortgage Borrowers Are Highly Protected.”

After reading all the above statements, are you still hesitant of the reverse mortgage reality? You better not be.

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$600M as Housing Aid to Five More U.S. States http://www.seenonrealestate.com/foreclosures/600m-as-housing-aid-to-five-more-us-states http://www.seenonrealestate.com/foreclosures/600m-as-housing-aid-to-five-more-us-states#comments Mon, 27 Sep 2010 23:00:13 +0000 admin http://www.seenonrealestate.com/?p=3488

The Obama administration revealed that $600 million in financial support for five more states with high unemployment rate that have been thumped by the housing bust.

Ohio got the largest share of funding, at $172 million, followed by North Carolina at $159 million and South Carolina at $138 million. Oregon and Rhode Island are due to receive $88 million and $43 million respectively.

The money will be given to state housing finance agencies. The Treasury Department provided board criteria that should meet the designed mortgage assistance programs.

The assistant Treasury secretary, Herbert Allison, said “The purpose of this is to foster innovation in dealing with what is a highly localized problem around the…

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U.S. to give $600M in housing aid to 5 states

The Obama administration revealed that $600 million in financial support for five more states with high unemployment rate that have been thumped by the housing bust.

Ohio got the largest share of funding, at $172 million, followed by North Carolina at $159 million and South Carolina at $138 million. Oregon and Rhode Island are due to receive $88 million and $43 million respectively.

The money will be given to state housing finance agencies. The Treasury Department provided board criteria that should meet the designed mortgage assistance programs.

The assistant Treasury secretary, Herbert Allison, said “The purpose of this is to foster innovation in dealing with what is a highly localized problem around the country,” and added “we want to learn from the innovations.”

In the previous month, the Obama administration stated that it would give $1.5 billion to state housing agencies in Arizona, California, Florida, Michigan and Nevada that have some of the highest foreclosure rates in the nation. The Obama administration aimed North Carolina, Ohio, Oregon, South Carolina and Rhode Island because they have the largest share of residents living in counties with unemployment rates above 12 percent.

Other states, such as Alabama, Illinois and Mississippi, actually have higher statewide unemployment rates than Oregon or Ohio, but did not meet the government’s criteria.

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Do-It-Yourself for Your Home to Increase Its Value http://www.seenonrealestate.com/real-estate/do-it-yourself-for-your-home-to-increase-its-value http://www.seenonrealestate.com/real-estate/do-it-yourself-for-your-home-to-increase-its-value#comments Sun, 26 Sep 2010 23:04:12 +0000 admin http://www.seenonrealestate.com/?p=3485

Similar to many other homeowners you may be looking for simple do-it-yourself projects to trim up your home or to increase its value.

Curb appeal is another way of saying your home’s “first impression.” It can affect your home’s value and salability. One by far overlooked element can be your driveway, sidewalks and steps. Dirt, oil and grime can darken and stain your concrete, which gives it the appearance of being untidy. This is not a first impression that sits well with buyers. But there is a simple solution for this.

Power washing your concrete can be a great way to renew its look. You can rent a machine at your local…

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Weekend Do-it-Yourself Projects

Similar to many other homeowners you may be looking for simple do-it-yourself projects to trim up your home or to increase its value.

Curb appeal is another way of saying your home’s “first impression.” It can affect your home’s value and salability. One by far overlooked element can be your driveway, sidewalks and steps. Dirt, oil and grime can darken and stain your concrete, which gives it the appearance of being untidy. This is not a first impression that sits well with buyers. But there is a simple solution for this.

Power washing your concrete can be a great way to renew its look. You can rent a machine at your local Home Depot or local home improvement store. You could also buy one for use over and over again. One more concrete solution can be using stain. This is as simple as choosing the color, buying a gallon and then rolling it onto your surface.

Another great curb appeal booster is your front door. Many homeowners make the design a mistake of picking a color that matches the house and draws back into the background. For just a few dollars and an hour’s work, you can make your front door perceptible and more welcoming. Consider selecting a bright or contrasting color.

Inside the house, a swift fix can be changing and updating light fixtures. Nothing says dated like track lighting. Safety first, however, so be sure to turn off the breaker before you start working with anything electrical. Next, take out any light bulbs in the fixture to avoid broken glass. And finally unbolt and unscrew plates and mounts.

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The Types of Listings http://www.seenonrealestate.com/real-estate/the-types-of-listings http://www.seenonrealestate.com/real-estate/the-types-of-listings#comments Wed, 01 Sep 2010 22:39:38 +0000 admin http://www.seenonrealestate.com/?p=3482

There are several types of listing your real estate property. The commonly used are the “open listing” and the “one-time show”. Find out what these two means.

Open Listing

The “open listing” is mostly used by people who are trying to sell their home by having the will to work with real estate agents. Mainly, it gives the real estate agent the right to bring buyers around to view your home. If their client buys your home, the agent earns a commission. There is nothing exclusive about an open listing and a home seller can give out such listings to every agent who comes around.

One-Time Show

A “one-time show” is similar to an…

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Types of Listings

There are several types of listing your real estate property. The commonly used are the “open listing” and the “one-time show”. Find out what these two means.

Open Listing

The “open listing” is mostly used by people who are trying to sell their home by having the will to work with real estate agents. Mainly, it gives the real estate agent the right to bring buyers around to view your home. If their client buys your home, the agent earns a commission. There is nothing exclusive about an open listing and a home seller can give out such listings to every agent who comes around.

One-Time Show

A “one-time show” is similar to an open listing in many aspects, as it is most often used by real estate agents who are showing a FSBO (for sale by owner) to one of their clients. The home seller signs the agreement that identifies the possible buyer and guarantees the agent a commission should that buyer purchase the home. This avoids the buyer and seller from negotiating directly later and trying to avoid paying the agent’s commission.

So if you are planning to have your home listed, think of these two types.

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Return of Foreign Buyers to the Big Apple Real Estate http://www.seenonrealestate.com/foreclosures/return-of-foreign-buyers-to-the-big-apple-real-estate http://www.seenonrealestate.com/foreclosures/return-of-foreign-buyers-to-the-big-apple-real-estate#comments Wed, 01 Sep 2010 22:36:54 +0000 admin http://www.seenonrealestate.com/?p=3479

Signs are that a number of foreign buyers are migrating back into the New York real estate market, betting a decline in prices may be about to turn.

According to reports, the dollar’s recent rally, rather than putting off foreign buyers, is encouraging them to jump into the market before it rallies further and drives up prices. According to the DE Capital Mortgage specialist, Richard Martin, “People are thinking it might run away from them because there are these predictions the dollar will even go further.” “We are talking a lot about foreign borrowers lately.”

The luxury end may be starting to swirl in Manhattan, the 23-square-mile island that is the heart…

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Foreign buyers return to Big Apple real estate

Signs are that a number of foreign buyers are migrating back into the New York real estate market, betting a decline in prices may be about to turn.

According to reports, the dollar’s recent rally, rather than putting off foreign buyers, is encouraging them to jump into the market before it rallies further and drives up prices. According to the DE Capital Mortgage specialist, Richard Martin, “People are thinking it might run away from them because there are these predictions the dollar will even go further.” “We are talking a lot about foreign borrowers lately.”

The luxury end may be starting to swirl in Manhattan, the 23-square-mile island that is the heart of the city’s cultural and business life and one of the most built-up areas in the world.

Bid on the City, an online real estate auctioneer that specializes in Manhattan property, estimated a third of the people enrolled at a recent auction were from overseas and said foreign participants were more likely to join in. Exact data on foreign purchases of New York real estate are difficult to get in part because there is no centralized source and because many buyers purchase through locally formed companies with U.S. addresses.

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