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It looks like July will end up like the last few months with twice the number of new listings as pending sales and another record month in number of price changes. Following are 4 types of Sellers that may be contributing to the large number of homes being put on the market: 1) Serious Sellers - These are motivated homeowners that want to sell their home and will adjust their price based on what the market is telling them.

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Title Unavailable



Borrowers Urged To Get Independent Appraisal

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"No tenants are found, no rental payments are collected, no mortgage payments are made, the house goes into default -- turns out it's not worth anything -- and the borrower is left holding the bag and their credit is destroyed," says Rachel Dollar, a lawyer in Santa Rosa, Calif., who represents lenders in mortgage-fraud cases. But many borrowers simply don't want to be on the hook for more money than their homes are worth.

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Borrowers Urged To Get Independent Appraisal



The Closing Commando

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I got a call first thing yesterday morning that our closing for House (uh, what is it now) 15 was scheduled for this morning at 10 am! I stood over people at their desks while they called the lender and faxed her what she needed in order to close. I'm about to drive to House 14 to pay Contractor 2 and his guys for the last time. But, just after we got started on that, I got a call from the 4-house-refi lender from over a month ago.

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The Closing Commando



PRIVATE MORTGAGE MONEY An alternative to seekin...

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Private Lenders Club members lend monies based more on the applicant's equity in their property and the total loan to value ratio that the financing will represent. Individuals with good credit and income but the property that they are looking to arrange financing on is difficult to finance. Finally, individuals that have good credit, good income and a strong positive net worth but for privacy reasons they choose private financing.

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PRIVATE MORTGAGE MONEY
An alternative to seekin...




Huff, Puff,...Wheeze

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Michael and I have been hard at work on House 14 since Saturday. But, we've been working hard since Sunday morning. After the fire, there was a lot of material from the interior of the house (I guess the firemen pulled it outside) along with Contractor 1's abandoned construction junk.
I'd better call our attorney soon and see what kind of progress he has made on the re-zoning application for the House 8 lot.

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Huff, Puff,...Wheeze



Once You Go Flat, You Never Go Back

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Whew, I'm tired.
Unfortunately, one of the studs Michael placed in the doorway of the closet to support the closet door had to be removed along with the drywall to remove the old water heater. AND, the new water heater we bought at Lowe's (the smallest diameter of any 40 gallon) is too wide to fit in the closet there in the bathroom.
Then, the guy behind the little old man hit him, pushing his car into mine.

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Once You Go Flat, You Never Go Back



Finding the best Mission Viejo Condos for Sale

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Step 5: If you have not found a 4 or 5 star Condo within 2 months of shopping, it may be time to modify your Condo hunting criteria. ie: raise the maximum price if possible, look in other cities or areas, look at smaller Condos, etc. Step 6: Once you have found your 4 or 5 star Condo, have your Realtor do an analysis to determine if it is fairly priced (CMA), how long has it been on the market, the motivation of the Seller, etc.

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Finding the best Mission Viejo Condos for Sale



RealtyJuggler Calculator Available For Windows Mobile Devices

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RealOrganized, Inc. announced today the availability of RealtyJuggler Calculator for Windows Mobile / Pocket PC Devices. RealtyJuggler Calculator is software that agents can use to do real-estate calculations such as rent-vs-own comparison, computing monthly mortgage payments, or determining the maximum loan a buyer can qualify for. The company also offers "RealtyJuggler Deluxe", an organizational software for agents, which we mentioned here.

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RealtyJuggler Calculator Available For Windows Mobile Devices



Time to Re-Finance Your ARM?

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While short term interest rates have been steadily rising recently, long term rates have not risen significantly. If you financed your home with an Adjustable Rate Mortgage (ARM) at a low rate within the last few years, you may be in for a nasty surprise when your rate adjusts. With the recent rise in short term rates, refinancing your ARM is definitely worth discussing with your mortgage banker or financial advisor at this time.

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Time to Re-Finance Your ARM?