A New Program Offered for Short Sale Incentives to Homeowners and Lenders

May 14, 2010
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Programs have been intended to stem foreclosures through encouraging loan modifications and motivate demand for housing with tax credits.

Currently, the administration is taking a slightly different tack. The New York Times reported a new program that will pay both homeowners and banks in an effort to motivate short sales.

Homeowners who are delinquent on their mortgages appear to be the program’s target. They would receive $1,500 in “relocation assistance,” most probably when their home is sold. The bank that services their mortgage would receive $1,000 for the first mortgage and another $1,000 if there is a second mortgage.

It is reported that the program will start on the 5th of April.

According to…

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Filed Under: Real Estate, Short Sale

Choose A Property Investment for the Nine Reasons

May 9, 2010
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Although there are a lot of choices for investing, property investment is one of the favorites among investors. There are at least nine reasons to invest in property and not other types of investments:

1. The power of “Leverage”

To invest in properties have the option to not use 100% of our money, however, by using other people’s money (OPM). One of the most common source is the money the bank loans.

2. Relatively low risk

Generally, investment in property is not like investing in the stock market where prices in one day can go down and up quite significantly. Only in certain situations where the economy was bad, property investments may be affected…

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Filed Under: Real Estate, Real Estate Investment

Edra Blixeth’s Casa Captiva Listed for $12.875 Million

May 9, 2010
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A few weeks ago, Edra Blixseth’s Rancho Mirage, California compound, Porcupine Creek had hit the market for $75 million. At the present, the Wall Street Journal reports that another bank-controlled property tied to the once well-propertied ex-wife of timber tycoon, Tim Blixseth, and co-founder of the Yellowstone Club is up for sale. The Casa Captiva is a tranquil six-bedroom retreat in Los Cabos, Mexico.

The property features 280 feet of oceanfront and the private cove is situated in the most exclusive and private community of Punta Bella neighboring to Villas Del Mar in Palmilla in the city of San Jose del Cabo.

The property sits on a 10,000 square feet of space…

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Filed Under: Celebrity Real Estate, Real Estate

Tips for Real Estate Buyers

May 9, 2010
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Are you planning to get your own piece of real estate? Here are some tips before you buy your property.

Get preapproved for a mortgage. Preapproval is always a smart move, but now it is a must. The real estate agents do not want to take someone home shopping who might not be able to get a mortgage in today’s tighter loan market.

Always make sure you also get an estimate of the closing costs and all the additional fees you will have a loan from, including loan origination or underwriting fees, broker fees, and transaction and settlement costs. Many of these fees are negotiable, so ask the potential lenders if they…

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Filed Under: Real Estate, Real Estate Investment

Overcome Real Estate Prospecting Resistance in Three Ways

April 27, 2010
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There are many reasons for resistance to prospecting; one solution does not fit all.

Here are three approaches to help Realtors overcome prospecting reluctance or resistance:

1. The visceral approach.

This relates to the feeling you get in your body when you think about going prospecting. For instance, if you feel reprehensible when you experience rejection, you might feel a knot in your stomach when you think about prospecting.

The vital facet of the visceral approach is to focus on the feeling, not the reason.

2. The prospecting personality approach.

There are a lot ways to do prospecting. It behooves a real estate agent to find what feels good to them and work it, even if…

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Filed Under: Real Estate, Realtors

Jennifer Capriati’s Florida Home Listed for $2.1 Million

April 27, 2010
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Former professional tennis sensation, Jennifer Capriati’s Florida home is on the market for $2.1 million; it was previously listed in 2008 for $2.35 million.

The Florida home is located in Wesley Chapel that is about 40 minutes outside of Tampa. Capriati’s home is part of the Saddlebrook Resort community, which is known as a haven for developing tennis and golf talent.

The two-story home of Capriati is a custom-built contemporary that lies on one acre and has a pool, plus a hot tub. Views include a lake, plus one of Saddlebrook’s two championship golf courses. It has four bedrooms and five bathrooms, a personal theater, where first-run movies can be shown and…

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Filed Under: Celebrity Real Estate, Real Estate

How To Do a Short Sale

April 27, 2010
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Are you wondering how does short sale work?

There are a lot of ways to lose a home but signing away ownership in a manner that destroys credit, humiliates the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments up to date, there are alternatives to bankruptcy or foreclosure proceedings. Short sale is one of those options.

When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. However, not all lenders will accept short sales or discounted payoffs, especially if it would make more financial…

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Filed Under: Real Estate, Real Estate Investment, Short Sale

Old Lion Manor Cuts Off Its Price

April 27, 2010
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The Old Lion Manor, a Hidden Hills, California estate once owned by “The Exorcist” author William Peter Blatty hit the market last year at an immense price of $27.5 million.

The Old Lion Manor is a three acre playground that features a waterfall with a cave, statuary, a theater with seating for 28, a spa with a massage room, wine cellar with a tasting area and more. The facilities include a tennis court, volleyball court, equestrian ring and stables and a chessboard with life-size pieces. The Old Lion Manor even has a mechanical bull. The house has been rented out for parties (numerous photos of the pool stuffed with people can…

Maximize the Home Thermal Efficiency Through Smart Designs

April 27, 2010
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The household energy expenses can be compact by as much as 70% through careful execution of energy smart design principles that maximize thermal efficiency, leaving your home 5 °C warmer in winter and up to 10 °C cooler in summer. The consideration during the design stage for issues relating to wall construction, window placement and site orientation will gather massive benefit with little or no additional expense.

Some of the most efficient methods for achieving maximum energy reduction include:

* The incorporation of the use of heavyweight building materials in the construction to provide a thermal mass heat sink.

* Planning internal room placement and usage so the rooms used during the day…

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Filed Under: Green Building, Real Estate, Real Estate Investment
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