INVEST real estate series-Part 1 Beginning the investment process

Series on investing in real estate in Oklahoma City Oklahoma starting with part 1 where we go into the basics. What questions do you need to ask your investment REALTOR®. how much of your portfolio should be real estate investment. and how do you insure your real estate investment is a passive income investment where you have a trunkey team to handle all your Oklahoma City real estate investment needs.

New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac Loans Beginning Nov. 1, 2012 Makes It Easy To Complete a Short Sale. East Bay Home Owners to Benefit.


Oakland, CA (PRWEB) October 12, 2012

How Short Sales Work

For East Bay Home Owners, going through with a short sale usually causes a great deal of stress because it means that a person can no longer afford a property in which they own. There are a few different ways to get out of ones commitment to between the bank and the property, including bankruptcy or foreclosure, but many people are now choosing short sales because lenders have become more open to them. A short sale means selling a property for a lower price than owed on it and the lender agrees to waive this remaining amount. If one is forced to unload ones property in a hurry, the best thing to do is learn as much as possible about this process then contact a local agent before once the smart decision is made to.

What it Means

When a lender agrees to a short sale, it means that it is accepting less than what is due on the property. In some cases, it might make more sense to foreclose the property and attempt to resell it, while in other situations; it makes more sense to go through with a short sale. The lender will agree to whichever methods gets it most of its money back. In addition, one must qualify for a short sale before the lender will even consider this proposition.

The Process

To begin the short sale process simply contact the lender/ servicer and speak with someone who can make a decision on the matter. A letter of authorization will need to be submitted to the lender, so that the lender can look into ones personal information to ensure that one is eligible for a short sale. As with any form of asset and property management, the lender has to look at the borrowers financial situation before coming to a conclusion. One must have a real estate agent provide a preliminary net sheet, which will give the lender an estimate of how much to expect to receive on the sale and, therefore, how short the amount received will end up being.

Making the Decision

In the end, it is always a good idea to have the short sale handled a l ocal real estate agent well versed in short sales. Short sales are only a good idea when this becomes absolutely impossible due to significant income changes in ones life. These things do happen to people occasionally, so it is good to know that an option is available that can allow one to escape this burden under the right circumstances.

Beginning November 1st, 2012, these are the changes:

Lenders will now streamlined short sale approach for borrowers most in need.

Lenders will now have the power to quickly and easily qualify certain borrowers who are current on their mortgages for short sales:

Lenders will waive the right to pursue deficiency judgments in exchange for a financial contribution when a borrower has sufficient income or assets to make cash contributions or sign promissory notes.

Offer special treatment for military personnel with Permanent Change of

Station (PCS) orders:

Consolidate existing short sales programs into a single uniform program:

Provide servicers and borrowers clarity on processing a short sale when a

Foreclosure sale is pending.


Fannie Mae and Freddie Mac will offer a maximum $ 6,000 to second lien holders
to expedite a short sale

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Beginning Real Estate Investing – Understanding Market Values

Article by Tom Dunn

Beginning Real Estate Investing – Understanding Market Values – Real Estate

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Another in a series of articles on beginning real estate investing. A crucial step to becoming a wise real estate investor is getting to know your local market, and learning to put a value on the properties within your target neighborhoods.

Beginning real estate investing involves learning a new set of skills, one of the most important of which is valuing property. For the limited scope of this article, we’ll limit our discussion to residential single-family and duplex homes.

When you are just beginning real estate investing, it’s helpful to set a goal for yourself to become the market value expert in one or two select neighborhoods. When choosing these neighborhoods, look for locations close to your home with a good selection of homes in the lower-middle to middle price range for your market. This is where you’ll find the best combination of working-class homeowners and what I call “aspirational” renters- those renters who aspire to homeownership. These will become your best customers.

Once you’ve found one or two of these neighborhoods, start driving through at least twice a week, looking for all real estate activity, including listed sales, For Sale By Owner, auctions, estate sales, vacant property, even moving van activity. As someone who is beginning real estate investing you should get tuned in to the pulse of the neighborhood.

Look for and get to know the local Realtors. Stop in to the Realty offices and introduce yourself. Find out who the most active listing agents are, who sells the most houses, who deals with the most foreclosures, and who works with the investors. These are the best Realtors to work with as you are beginning real estate investing.

Also, beginning real estate investing means getting to know local service people, especially contractors. Talk to as many of these as you can, and find the ones that do a lot of work in your target neighborhood, especially plumbers. Ask them what kinds of recurring problems they see. They will provide you a wealth of information.

Give yourself a timetable to learn property values in your target neighborhood. Three to six months is probably realistic. When you are just beginning real estate investing you will need to work closely with a Realtor. Ask for all the listings in your target neighborhood, and try to see them all. Ask also for the listings of comparable sales (Comps) so you can see what similar properties have sold for recently.

Build a spreadsheet, database, or even just a handwritten notebook so you can refer back to it from time to time. This will become a valuable resource for you as you progress beyond beginning real estate investing. Slowly but surely you will become an expert on property values in your target neighborhoods. You will be able to look at most any property and know, within a few hundred dollars, exactly what it’s market value is. This knowledge will serve you very well as you progress in your real estate investing activities.

For more in-depth information, visit my website and read more about beginning real estate investing.

Now, go make more offers!

About the Author

Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. You may not remove this text. 2007 by Tom Dunn. Website: DealFiles.com e-mail: tom@dealfiles.com

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Tom Dunn



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Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. You may not remove this text.? 2007 by Tom Dunn. Website: DealFiles.com e-mail: tom@dealfiles.com












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Rural Development loans no longer an option for many beginning Oct. 1

Rural Development loans no longer an option for many beginning Oct. 1
Some groups, including RPAC and ARELLO, the Association of Real Estate License Law Officials, have asked Congress to change its definition of “rural” to populations of 35000 or less. Some farming groups have even asked for that number to be raised to …
Read more on Daily Record

Banco Santander Brasil to Boost Mortgages, Real Estate Loans
In a conference call, Santander Brasil Real Estate Division Director Jose Roberto Machado said an increase in mortgages and in loans for real estate projects would help the bank improve its credit portfolio profile. In July, Santander Brasil posted its …
Read more on Wall Street Journal

Commercial Loans Firm Clopton Capital Offering Nationwide SBA Loans for
Chicago based commercial real estate finance company, Clopton Capital, is currently offering SBA loans for owner occupied real estate to borrowers throughout the nation. The company specializes in various property types including special uses …
Read more on Virtual-Strategy Magazine

TEXT-Fitch updates commercial real estate criteria for covered bonds
Aug 10 – Link to Fitch Ratings' Report: Criteria for the Analysis of Commercial Real Estate Loans Securing Covered BondsAug 10 – Fitch Ratings has updated its criteria for analysing asset related risks of commercial real estate loans that are used as …
Read more on Reuters

Commercial Real Estate Is Beginning To Rebound

Article by Wes McFarland

Commercial Real Estate Is Beginning To Rebound – Real Estate

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The negative indicators in the commercial real estate sector appear to be dissipating. Although the economy has not yet fully recovered to pre-2008 levels, the current environment is much brighter than it was in 2008 and 2009.

The commercial real estate industry has historically been financially supported by commercial mortgage-backed securities (CMBS). In 2007, a record $ 230 billion dollars in securities were issued to real estate developers. Yet, only $ 3 billion in securities were issued in 2009. But it must be noted that the securities market is beginning to show a rebound in 2010.

As a buyer of commercial properties, the opportunities for profit are widespread… Throughout the country, values have bottomed, introducing a variety of attractive economic opportunities for investors.

There are still many distressed investors, around the country, as commercial real estate default rates increased from 1.6% in 2008, to 3.8% in 2009, and is expected to reach 5.1% in 2010.

Distressed investors and defaulted mortgages will continue to provide an awesome opportunity for more successful real estate investors to find commercial properties worthy of purchase at an attractive price, in various locations around the country.

Investors and banks are starting to return capital investment to the industry, albeit with tighter lending standards and requirements for larger down payments.

Of course, investors are seeking a higher rate of return on their investments, due to the lower interest rates available in the bond market. In other words, if you are willing to pay a little bit higher interest rates to secure investment money, then the money you need is more readily available than it was just a few months ago.

Most banks and investors are not putting their money to rescue distressed properties. Instead, banks and investors are seeking investments that promise a more secure return on their investments.

Banks and investors are financing high-equity loans and offering refinancing deals on high-quality loans as they mature.

The funds currently available in the marketplace may help some borrowers, whose properties have fallen in value, below what is currently owed on the property… But according to Deutsche Bank analyst Richard Parkus, most of the $ 1.4 trillion in mortgages that will mature by 2013 will not qualify for refinancing, unless the borrower is willing to put up more cash to secure the loan.

This reality may spell doom for some smaller investors. However, commercial real estate investors with substantial liquid assets will continue to be in a position to seize upon buying opportunities as they become available, in the next few years.

Despite what may seem like a negative buying market, there are a number of positive economic indicators that signal that the worst is behind us…

For example, Real Capital Analytics shows that commercial real estate prices fell 45% between 2007 and 2009. However, values have edged upwards 6% in the early months of 2010.

Other positive signs include the fact that nearly $ 13.7 billion in commercial real estate loan modifications have been written in the first few months of 2010.

Additionally, Tom Fink of the research firm Trepp has predicted that about $ 25 billion in CMBS will be issued in 2010… As of April 2010, $ 4 billion in CMBS deals had already been completed.

All indicators for 2010 suggest that it will be the beginning of a rebound… But, it is important to note that we are not completely out of the woods yet, but we are much closer today than we have been in the previous two years.

About the Author

Wes McFarland covers the Houston real estate market. He follows the economy and its impact on the Houston commercial real estate market. Local trends are followed from information gathered from the City of Houston, Harris County, Houston MLS, and local agencies encompassed in the Greater Houston Metropolitan Area.

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Wes McFarland



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Wes McFarland covers the Houston real estate market. He follows the economy and its impact on the Houston commercial real estate market. Local trends are followed from information gathered from the City of Houston, Harris County, Houston MLS, and local agencies encompassed in the Greater Houston Metropolitan Area.












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