Category Archives: Home Equity

The same type of stock market metrics now available to the real estate market

Orlando, FL, May 18, 2015 — /EPR REAL ESTATE NEWS/ — SoftWorks Global LLChttp://realbench.net introduced an iPhone and Android real estate mobile application with the same green and red signals typically found in stock market software, but for the real estate industry targeted to home buyers, real estate agents and real estate investors.

The kind of metrics that have been available to the stock market are now available for real estate to home buyers, real estate investors and realtors. Until now it has been difficult for home buyers, real estate agents and real estate investors to identify real estate opportunities in a concrete and measurable manner. One of the things the stock market has always had is numerous charts and metrics to identify the deals, both individual stock pickers and stock brokers can easily go to a chart see red and green stocks and know which ones to buy. This same type of metrics has been lacking in the real estate sector.

There is such a tool now for the real estate industry, it is called RealBench; RealBench is a real estate mobile application for home buyers, real estate agents and real estate investors. it gives you all the financial numbers you will ever need when buying or selling a home, flip property or rental property. RealBench uses simple green and red signals that makes it simple for anyone to use, just like the stock market signals, but for the real estate industry.

Imagine searching for a real estate opportunity either as a home or investment, going from property to property taking a picture and entering in your mobile phone the basic financial information of the property (price, square footage, down payment ..), and tapping a single button on your phone to tell you with simple green and red signals whether the property is a good buy or not. That’s exactly what RealBench does, green means buy and red means don’t buy, it is that simple.

There are numerous http://realbench.net products in the market, but none of them provide simple to read signals that measure the financial characteristics and risks of potential properties using green and red traffic light signals.

Furthermore the app calculates different sets of green and red signals for homes, rental properties and flip properties. The type of metrics a first time home buyer needs to know are different from the metrics an investor needs to know; additionally an investors buying a rental property needs a different set of numbers and signals from an investor buying a flip property. RealBench generates different sets of signals for home, rentals and flip properties, commercial and residential, covering the entire spectrum of real estate purchases.

This is an indispensable tool for anyone looking to buy or sell a home either for personal use, on behalf of a client or as an investment. Home buyers can have confidence about their first or second home purchases, while realtors and real estate investors can maximize profits.

* For more information about our Real Estate Mobile App:

Go to http://realbench.net or send your inquiries at inquiry@realbench.net.

* Availability
The RealBench Real Estate Mobile App is available through the Apple Store and Google Play, simple type Realbench in the app search box.

For more information please visit http://realbench.net.

Contacts:
General Information:inquiry@realbench.net
Technical Support:support@realbench.net

Contact-Details: Juan Cabrera
juan.cabrera@realbench.net

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Pricing Nation Forecasts That The Average Home Values in Boston MSA Will Go Up in March 2014 by 1.45 Percent

Pricing Nation Econometrics forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will increase by 1.45% through the next twelve months. Some of the drivers of local change include homeowner vacancies and average weekly wages.  While there is a decline in supply (52.4% decrease in vacancies from Q3 to Q4 2012), there is not much improvement in the average weekly earnings (0.42% increase from Q3 to Q4 2012), which suppresses growth.

A table with the top 5 biggest increases and decreases per average home value per zip code can be found below. The Pricing Nation Econometrics Heat Map (also below) visualizes how the average home prices will vary across zip codes in the Boston MSA. Pricing Nation Econometrics is a division of Pricing Nation LLC, and more information can be found at www.pricingnation.com.

As the “Most Reliable Real-Estate Forecasting Company,” we strive to consistently provide the most accurate, relevant, and transparent real-estate data. In fact, as of July 2012, our forecast results have been less than one point away from actual results as reported by Case-Shiller. Visit www.pricingnation.com to access your free Neighborhood Report and consult a Home Investment Report Card with home value forecasts for your home.

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Pricing Nation Forecasts 1.74% Increase in Average Home Values Through Next 12 Months for Boston MSA

Pricing Nation Econometrics forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will increase by 1.74% through the next twelve months. Some of the drivers of local change include average weekly wages and homeowner vacancies.  While there is a decline in supply (52.4% decrease in vacancies from Q3 to Q4 2012), there is not much improvement in the average weekly earnings (0.42% increase from Q3 to Q4 2012), which suppresses growth.

A table with the top 5 biggest increases and decreases per average home value per zip code can be found below. The Pricing Nation Econometrics Heat Map (also below) visualizes how the average home prices will vary across zip codes in the Boston MSA. Pricing Nation Econometrics is a division of Pricing Nation LLC, and more information can be found at www.pricingnation.com.

As the “Most Reliable Real-Estate Forecasting Company,” we strive to consistently provide the most accurate, relevant, and transparent real-estate data. In fact, as of July 2012, our forecast results have been less than one point away from actual results as reported by Case-Shiller. Visit www.pricingnation.com to access your free Neighborhood Report and consult a Home Investment Report Card with home value forecasts for your home.

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EquityRelease.net Publishes New Beginners Guide Factsheet For Equity Release Mortgages

The equity release resource website EquityRelease.net is pleased to announce that they have added The Essential Equity Release Factsheet to the website to provide UK residents with a concise and easy-to-read introduction to equity release schemes in the UK. EquityRelease.net is an independent equity release information resource website that provides a detailed information resource of equity release as well as free equity release advice and quotes.

Many older UK residents look forward to retirement as a time when they can engage in hobbies and activities that were not possible when they worked. Unfortunately, there is growing concern over whether people’s pension and retirement savings are enough to maintain their standard of living and spend their time as they please. As many retiring homeowners look into equity release as a means to provide the income they desire in retirement, the information website EquityRelease.net hopes to answer their basic questions with the addition of “The Essential Equity Release Factsheet” to the website.

“Our goal as always is to help older UK residents understand how equity release in their homes actually works, and the new infographic reduces our voluminous information contained on the website to its most basic terms, primarily using graphics to explain how equity release works,” said an EquityRelease.net representative.

As an introduction to equity release, the fact sheet begins by explaining the basic nature of home equity release. The equity of a home is the current value on the open market minus the debts held against it. Equity release allows the homeowner to obtain cash for this value without having to move out of their home. Equity release is for individuals over the age 55 who own property valued at around £70,000 or more, and most schemes also stipulate a minimum and maximum amount that can be released.

A common question answered by the fact sheet is who can take advantage of equity release. The new infographic shows the general profile of people that routinely take advantage of equity release as well as the eligibility requirements that they must meet to qualify. Many people have a fear of losing their home with equity release schemes so the fact sheet explains the limited risk of losing a home and how it can be avoided.

When it comes to the basics of releasing equity, readers will learn about its two forms, which include lifetime mortgages and home reversion plans, which are both approved and regulated by the Financial Services Authority (FSA). While the Essential Fact Sheet infographic is meant to be an introduction to equity release, readers can find far more detailed information on the website about all aspects of equity release. Website visitors can also take advantage of free advice and a quote provided by one of their specialists. For more information, please visit http://www.equityrelease.net/

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Bower Welcomes the ReLaunch of SHIP

Bower Retirement Services, winners of the 2011 Equity Release Awards, welcome the relaunch of Safe Home Income Plans (‘SHIP’) as The Equity Release Council (The Council). Bower welcome also the decision of the trade body to broaden its membership to include financial advisers, solicitors, surveyors and other interested parties.

SHIP was established in 1991 by the major product providers as the body to safeguard the interests of consumers entering into equity release plans. Over the past 20 years, SHIP has been very successful in improving the reputation of equity release and in promoting consumer awareness of the products available. The main focus of the Equity Release Council will be to protect consumers and increase education, awareness and understanding of how equity release works, the options available and the consumer safeguards that are in place.

Geoff Charles, Managing Director of Bower commented:

“We welcome the new organisation and look forward to joiningand supporting the Equity Release Council. The changes are excellent news for elderly homeowners who are seeking to release capital from their homes in order to raise a lump sum and/or to supplement their retirement income. The extension of the membership and SHIP standards to all participants in the sector will strengthen consumer confidence and reinforce the message that equity release plans are now mainstream retirement products.”

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Heather Gennette Earns Real Estate, Short Sale Designation to Help Homeowners in Danger of Foreclosure

Heather Gennette of Vernazza Realty has earned the prestigious Certified Distressed Property Expert® (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education amassed by Gennette will help benefit South Orange County area residents and communities.

Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

Today, more than 13 percent of homeowners are delinquent on their mortgage or in the foreclosure process. This is occurring across all price ranges, and the fastest-growing category of homes in foreclosure is the luxury home market.

“The CDPE designation has been invaluable as I work with homeowners and lenders on complicated short sales,” said Gennette. “It is so rewarding to be able to help families save their homes from foreclosure.”

Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that agents such as Heather Gennette, with the CDPE Designation have valuable perspective on the market, and training in short sales that can offer homeowners real alternatives to foreclosure, which can be devastating to credit ratings.

“These experts better understand market conditions than the average agent, and can help sellers through the complications of foreclosure avoidance,” he said.

The Distressed Property Institute provides live and online courses to train real estate professionals how to help homeowners in distress, with a strong focus on handling short sales.

“Our goal is to help as many homeowners as possible, by educating as many real estate professionals as possible,” Charfen said. Heather Gennette has demonstrated a commitment to struggling homeowners, a commitment that can provide much-needed stabilization to the community.”

For more information about CDPE Designation, visit www.cdpe.com. For more information about Heather Gennette visit www.heathershomesoc.com.

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Mortgage Network of Ohio Plan to Assist Ohioans Everywhere Find That Perfect Mortage

Unlike banks, the Mortgage Network of Ohio believes that when it comes to finding the perfect mortgage, there is always more than one option. They’d now like to pass this message onto Ohioans everywhere.

The company, one of the State’s leading Mortgage Lenders and mortgage Cincinnati, are currently doing business across the area. So much so that they’ve recently worked hard to improve on what they specialize in, in order to offer an even better service to buyers.

“At The Mortgage Network of Ohio, we believe that our clients should have more than one option on a Mortgage. We will take their application, work every possible scenario, then offer them options of loan programs available to meet their needs. Our objective is to maximize the profitability of the homeowner’s experience by eliminating the hassle of shopping.” – says Jeff Steinacker, president of the Mortgage Network of Ohio.

The company has a long history of helping thousands of families in the Ohio, Kentucky and Indiana region find their perfect home financing option – and have a strict process they adhere to with each application. This expansive service and investment in time ensures that each client finds a financing option that suits their needs, timeline and budget.

“Essentially, our ultimate goal is to help everyone get the keys to their dream home as quickly as possible. We can also assist them with refinancing, debt consolidation, home improvement, home loan Cincinnati, FHA and reverse mortgages” they say.

To find out more about the services that the Mortgage Network of Ohio offer, to speak with one of their experiences and skilled staff and to get yourself on the road to that set of shiny new house keys, please visit them online at:themortgagenet.net/

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Think Money has welcomed news that repossessions fell sharply in 2010

Financial solutions company Think Money has welcomed news that repossessions fell sharply in 2010, compared with a year earlier, commenting that it suggests the financial circumstances of homeowners may have improved despite difficult economic conditions.

But the company warned that there are still difficult times ahead for many homeowners, especially when interest rates rise.

The Council of Mortgage Lenders (CML) said there was a 24% drop in the number of repossessions in 2010, compared with 2009, down to 36,300. Meanwhile, the number of households with mortgage arrears amounting to more than 2.5% of the outstanding balance fell by 13%, down to 169,600.

An expert at Think Money commented:

“Any drop in repossessions and arrears is a good sign. Although the economy is still in a difficult position, it’s likely that a lot of homeowners have taken steps to improve their finances, whether that’s through keeping to a tight budget or entering into a debt solution such as a debt management plan before repossession becomes a possibility.

“Leniency from lenders may have also helped, but equally the troubles of the last couple of years will have prompted many homeowners to be more cautious with their money.

“However, it must be noted that there are a lot of people who are only coping with their mortgage repayments because of low interest rates. When interest rates rise – which could happen this year – we may well see many more homeowners in trouble.

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Felisa Schlosser of Prospect Mortgage Featured on San Diego Mortgage Website

MySanDiegoMortgage.com, a mortgage information website, has sent an open invitation to San Diego mortgage lenders and professionals to share their insights about the mortgage industry with the public.

MySanDiegoMortgage.com is an information website serving as a guide and resource center for people who are in the market for a mortgage. The site is inviting mortgage industry professionals to continue adding to the collection of informative reports and articles already featured. These help potential borrowers by giving them tips regarding many things, from where to get a mortgage, to the different kinds of loans available, to selecting the proper lender, and everything in between. The site contains useful information that is used by potential borrowers, not just in San Diego, but everywhere.

And with that, MySanDiegoMortgage.com has begun publishing these San Diego mortgage professionals. They report on current trends and existing market conditions, and give tips and guides on how to make the most out of a mortgage. The latest to give insights into the mortgage industry is Prospect Mortgage’s Felisa Schlosser.

Felisa Schlosser, who gave a fun and quirky introduction about herself, her hobbies, and her job, disclosed information about the current situation of the San Diego real estate market. She described it as having “…an all time high for home affordability…”, and explained why it’s an incredible time to buy in San Diego. She continued by explaining that while there are some obstacles to obtaining condo financing, there are existing solutions that can be utilized. She gave some examples of specific loans that are performing very well for her clients.

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Informative Mortgage Website Invites Local Mortgage Lenders To Write And Share Their Knowledge With Others

Mortgage website MySanDiegoMortgage.com has opened its virtual doors to San Diego mortgage lenders and professionals to share what they know about the mortgage industry to the public.

The website serves as a guide and source of information for people in the market for a mortgage. MySanDiegoMortgage.com is inviting mortgage professionals to add to the extensive collection of informative articles that are already showcased. These articles guide would-be borrowers, giving tips on where to go to get a mortgage, how to select a lender, information on the many types of loans, such as second mortgages, along with the pros and cons of each, and more. MySanDiegoMortgage.com was made to guide mortgage seekers in the San Diego area, although much of the information is pertinent to consumers everywhere.

With this goal in mind, MySanDiegoMortgage.com is now inviting San Diego mortgage professionals to give visitors the best mortgage information possible. Everything from the existing market conditions, market trends, tips and insights to get the most out of a mortgage, and so on. And the website has hit the ground running, as they have already featured their first expert, Mark Chrisman.

Mark Chrisman of West Coast Mortgage, touched on residential financing and what happened during the past few years, particularly in San Diego. He also gave his take on the current trends in the market, how borrowers now need better credit scores, and he revealed some of the biggest challenges borrowers will face in the San Diego home mortgage market. Chrisman also included some absolute essentials that borrowers should know, which is very useful for any prospective borrower.

This is precisely the intention of MySanDiegoMortgage.com by inviting professionals to share their insights; giving borrowers all the information they need is the primary goal of the website.

San Diego mortgage professionals and lenders interested in being featured are encouraged to make contact the site editor.

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Luxury Home Sales Outperform Other Price Ranges This Summer

Gloomy news that July sales of existing homes dropped 25.5% year-over-year has overshadowed new statistics showing summer sales of million dollar plus homes significantly outperformed other price ranges.

“Luxury home buyers have been buying this summer,” said Patty Da Silva, Broker – Owner REALTOR® of Green Realty and member of The Institute for Luxury Home Marketing . “After waiting in the wings, many affluent buyers spent the summer shopping for value and snapping up trophy properties.”

Statistics would indicate that he’s right. According to The National Association of Realtors (NAR), for 2009 million-dollar and above home sales were just 1.2% of total sales or about 61,500 sales nationally. In July 2010, million dollar plus market share was up to 1.9%. While sales of homes in the $500,000 and above range rose dramatically in June, the million-dollar-plus market segment was the only price range in July showing positive growth compared to last year. “The mix of what is selling has shifted in favor of homes priced at $750,000 and above,” said Christopher Green, CDPE, REALTOR® and Manager of Green Realty.

NAR’s report that July’s median sales price increased 0.7% year-over-year may be more a function of increasing sales of expensive properties relative to other price ranges than an indicator of across-the-board home price appreciation.

According to the Institute for Luxury Home Market (ILHM) National Luxury Market Report — which does a weekly analysis of luxury homes for sale in more than 30 major markets — after a dramatic rise in upper-tier inventory, which started in January of this year, the numbers of luxury homes for sale has declined about 5% since the beginning of July. Along with a decrease in inventory, there has been a decline in asking prices. Forty three percent of luxury homes currently on the market have had at least one reduction in asking price over the last 90 days. An additional 19% have been pulled off the market and subsequently relisted.

“While I wouldn’t say the luxury market is in recovery,” said Da Silva, “the growing market share of luxury sales relative to total sales, a slight downward trend in inventory, and sellers who are more realistic about price are factors shifting the affluent into a buying mode.”

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Green Realty Has Announced Their Goal To Have ALL Of Their Agents Earn The CDPE Designation

Millions of U.S. homeowners are in need of real solutions. With our industry vision and agent education, Green Realty looks forward to our continued work to help alleviate the current South Florida foreclosure crisis. Green Realty has announced their goal to have ALL of their agents earn the Certified Distressed Property Expert® (CDPE) designation. In March 2009, Green Realty Broker and Owner Patty DaSilva ambitiously promised that all Green Realty agents would be in line to earn the CDPE designation in an effort to help stem the rising tide of foreclosures by the end of the year. Fifty percent of Green Realty agents have met that goal, and now Green Realty is promising to sponsor all of their agents who register to become CDPE’s! Patty DaSilva states, “Green Realty is aiming to sponsor 100% of all Green Realty agents in the next year.”

“After earning the designation myself, I quickly realized that CDPE training equips our agents with the skills they need to help homeowners facing foreclosure; in fact, agent surveys prove that’s the case,” DaSilva said. “CDPE training is invaluable in this marketplace and has provided the skills and resources that have made many agents successful during a difficult time.”

“This promise is recognition of the dedication Green Realty has shown to the Davie, Cooper City, Southwest Ranches and Plantation real estate industry, and also to their agents’ knowledge base,” Christopher Green, Manager and Marketing Director of Green Realty, said. Chris continues, “Millions of U.S. homeowners are in need of real solutions. With our industry vision and agent education, Green Realty looks forward to our continued work to help alleviate the current South Florida foreclosure crisis.”

The CDPE designation trains agents in foreclosure-avoidance alternatives, including short sales. A short sale is a real estate transaction in which a home is sold for less than the amount owed on the mortgage. According to the Mortgage Bankers Association’s National Delinquency Survey, 15% of all U.S. mortgages in the fourth quarter of 2009 were either delinquent or in the foreclosure process ; this translates to approximately 1 in 6 homeowners nationwide facing financial hardships.

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Christopher Green, Certified Distressed Property Expert And Realtor, Earns Prestigious Designation To Help Homeowners In Danger Of Foreclosure

Christopher Green of Green Realty Properties, Inc., has earned the prestigious Certified Distressed Property Expert (CDPE©) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.

Chris Green tells his clients in Davie, Cooper City, Southwest Ranches and Plantation that a Short sale will allow the cash-strapped seller to repay the mortgage at the price that the home sells for (current market value), even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. Lenders are receptive in considering short sales because they are much less costly than foreclosures.

In Davie, Cooper City, Southwest Ranches and Plantation alone there are hundreds of homes in danger of foreclosing. It is happening in all price ranges including the luxury home market. Local experts say that high-priced luxury homes are now going to be the biggest wave of foreclosures but the home owners should contact a luxury short sale expert to explore their options. The Broker of Green Realty in Davie, Florida, Patty Dasilva is the leading luxury short sale expert in South Florida.

“This CDPE© designation has been invaluable as I work with sellers and lenders on complicated short sales,” said Chris Green, CDPE©. “It is so rewarding to be able to help sellers save their homes from foreclosure.”

Patty Dasilva, Broker-Owner of Green Realty in Davie, Fla., said that Realtors® such as Chris Green with the Certified Distressed Property Expert (CDPE©) designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These CDPE© experts like Chris Green also may better understand market conditions and can help sellers through the emotional experience, he said.

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Today Is The Best Time To Buy A Home – Rates Are At Their Lowest Ever And Qualifying For A Mortgage Is About To Get Real Tough

Essex Mortgage Bank is Happy to announce that the average interest rate for a 30-year fixed-rate mortgage averaged 4.69 percent, with an origination fee of 0.7 percent, in the week ending June 24, according to the latest Freddie Mac Primary Mortgage Market Survey. That’s the lowest ever recorded since Freddie Mac started keeping track in 1963. If you are looking for a home the supply is endless and the prices are at a all time low.It is definitely a buyers market and a wise man would be either buying or refinancing their home mortgage right now!!

Secondly the freewheeling days of no-money-down, liar loans are dead. Instead you’ll find more paperwork is needed to prove you truly can afford to make the payments.

If the final bill passes both houses of Congress — still not a certainty, since Republicans are likely to try to block it — homebuyers seeking a mortgage will face new minimum underwriting standards for home mortgages. The details of those standards are not yet available, but you can be sure that no-money-down loans will no longer be available, even in the private mortgage marketplace.

These no-money-down loans that were approved using stated income — in other words, borrowers did not have to prove income — will be history and against the law. Instead, lenders will have to verify borrower income to make a loan. Self-employed people will definitely find it much harder to buy a house, especially if they don’t have two years of income tax filings to prove their income.

Also gone from the marketplace will be those commissions for brokers that reward them for steering borrowers into more expensive loan packages with higher interest rates. That’s good news, since many borrowers were steered into more expensive subprime loans — even though they could afford a prime loan — because brokers often made higher commissions off the subprime option.Call us today we have many loan programs available to fit your needs and are friendly crew is more then happy to get you pre-approved for your next home purchase.Jeffrey Martino Young Branch Manager for Essex Mortgage Bank in Santa Rosa,Ca.95404 toll free 1-877-870-2676.

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Traditional Selling Methods No Longer Work for Austin Real Estate

Homes in Austin, TX are still selling but traditional methods no longer suffice.  Realtors and sellers alike now need to spend a lot more time preparing and marketing the home to attract the largest buyer pool possible.

Traditional Selling Methods No Longer Work for Austin Real Estate

Austin Real Estate Group AustinRealtyConsultants.com of JB Goodwin Realtors prove new systematic approach to selling homes in Austin.

Gayle and Jack had a home in Sun City (North of Austin) that was listed with a “Sun City Expert” for 1 year prior to meeting Farrah and Robert Guice.  Needless to say, their home did not sell and when their listing expired with the other realtor they immediately hired Farrah and Robert from AustinRealtyConsultants.com to market their property.

The Guices advised for pricing to be slightly tweaked based on historic and projected market trends, made a few low cost high-impact changes to their home in conjunction with targeted marketing and received an offer 2 weeks after listing the home.

Everyone was a pleasure to work with and all sides were extremely happy with the outcome.

Here is what Gayle and Jack had to say about their experience selling their home with Farrah and Robert:

Farrah and Robert,

Miracles of miracles!  EVERYONE – sellers, buyers, buyer’s realtor, title company – all enjoyed working with you both and had nothing but good things to say.

As much as we miss Stefan and Martha, we are thrilled they found you and shared [you] with us [before they moved away].  We too, will be recommending you.

Gayle & Jack
Austin, TX – Avery Ranch

Farrah and Robert can’t promise to sell your home in 2 weeks but can promise to utilize proven strategies/systems to price, prepare and market your home.  Remember, promises don’t sell homes, processes do.  The process used by AustinRealtyConsultants.com consistently allows their clients to sell their home for the maximum value in the quickest amount of time.

If you are thinking about selling your home in Austin, start by requesting a free, no obligation Austin House Value report or take a look at current inventory of Austin TX homes for Sale.

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‘Shut Down Fannie Mae and Freddie Mac,’ says James Boswell, Award-Winning Public Risk Manager and Author of Crush Depth Alert

In the early 1990’s James Boswell managed risk for Ginnie Mae’s $500 billion portfolio of mortgage-backed securities during the Savings & Loan crisis. A hands-on manager, Boswell used his unique analytical skills to help rescue the U.S. mortgage banking system and to save taxpayers billions of dollars during those years, for which he received a Vice-Presidential Hammer Award.

Today, housing is once again the linchpin to a financial crisis. In his new book, Crush Depth Alert: Solutions for Supplying Power to American’s Distressed Financial Systems, Boswell brings to the current mortgage debt crisis his insider’s view on the risks and operations of mortgage-backed securities. Using statistical data and qualitative analysis, he shows why Fannie Mae and Freddie Mac cannot be allowed to continue in their current forms. They dominate the housing market touching 90% of all new loans by some estimates; they set home mortgage interest rates while having the option to cherry-pick what they will sell from their portfolios; they have manipulated consumer dynamics to create family and national debt while paying dividends to shareholders.

Taking aim at these Government Sponsored Enterprises—not as an academic or political pundit, but as a risk manager—Boswell recommends an immediate shut down, but he goes further. “Fannie Mae and Freddie Mac should be replaced with a simple program that rewards responsible homeowners, who have excellent credit and significant equity, with a fixed 30-year mortgage at a 4% interest rate on any home up to $500,000. People who are paying down their mortgages are the real heroes in this economy and should be treated as such.” Boswell also adds, “This new program should be under the Federal Reserve where other interest rates are handled. Such a move would do much to stimulate our economy and reward the deserving. I’m working on these figures now.

Continuing as we have maintains the same weaknesses and encourages another housing crisis down the line.”

A Fannie Mae/Freddie Mac shut down is just one of the solutions covered in Crush Depth Alert, the only book written about this financial crisis by a manager who has successfully navigated a previous one.

Look to Crush Depth Alert—
* to understand the incentives and poor oversight that led to this crisis,
* to understand the role of panic in accelerating a crisis rather than solving it,
* for actions to strengthen institutions that are working well, such as the FDIC, and to eliminate those that are not, such as Freddie and Fannie,
* for monitoring the health indicators in financial systems through an effective perfor- mance ranking and rating system (detailed in Chapter 8). Prevention is the best solution!

James Boswell, B.A., M.P.A., M.B.A., worked in the late 1980’s to the late 1990’s as a Risk Manager at the public accounting firm, Coopers & Lybrand (now PricewaterhouseCoopers). He guided Ginnie Mae and its $500 billion government-guaranteed portfolio through a Savings & Loan crisis in which more than 700 financial institutions collapsed. He received a Vice-Presidential Hammer Award for his efforts and significant industry recognition, including publications with Mortgage Banking Monthly and The Handbook of Mortgage Banking. He is a product of Admiral Rickover’s highly regarded Nuclear Submarine program and holds graduate degrees from Indiana University School of Public and Environmental Affairs and the University of Pennsylvania Wharton School. He resides in Culver. Indiana, working as Executive Director of his company, Quanta Analytics, which provides consulting services and a list of 374 U.S. Banks in trouble for 2010.

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JB Goodwin Realtor Rocky Breon Says Drop In Mortgage Rates Is Good For Real Estate

Home mortgage rates dipped to their lowest point all year the second week of May 2010. Greater Austin area JB Goodwin Realtor Rocky Breon says this lower rate should make homes more affordable just in time for the busy Summer selling season.

JB Goodwin Realtor Rocky Breon Says Drop In Mortgage Rates Is Good For Real Estate

“People who are planning to buy a home in the Cedar Park and Leander area this Summer should take advantage of these lower mortgage interest rates,” Breon says.

The most commonly used loan, the 30-year fixed-rate mortgages, averaged 4.93 percent for the week of May 13, down from the week before of 5 percent, according to a survey released by Freddie Mac. Reuters reported that this is the lowest the rates have been since December 2009.

“With the homebuyer tax credit now over, this is a welcome reprieve for individuals looking to buy now,” adds Breon. “Summer is a widely-known as a busy time for the real estate business here in Austin. The drop in mortgage rates is an added benefit for both buyers and those looking to sell their homes.”

The deadline for apply for the homebuyer tax credits was April 30 and those who signed contacts before that date still have until June 30 to close on the sale.

“The federal tax credits gave the housing market a shot in the arm, and now lower home mortgage rates should help the real estate market recover even more. I am optimistic about the future of the real estate market, especially in the Cedar Park and Leander area.”

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Self Directed IRA Investors Cash In From First Time Homebuyer Credit Extension

The recent extension of the $8000 Federal First Time Homebuyers Tax Credit along with the deflation of real estate prices across the country “may bring about an opportunity for those who know how to purchase real estate and have money inside an IRA,” says Josh Moore, President of Truly Self Directed.

The public is beginning to recognize the income potential represented by low-cost real estate and an increasing number of consumers are looking towards the possibility of using a self directed IRA in order to make these investments a part of their retirement strategy.

Self directed IRAs are themselves rapidly becoming more popular with Americans looking nervously at the still unsettled stock market as they plan for

retirement. Especially in the midst of a recession, real estate is looking like a safer bet than stocks or mutual funds; and the returns are typically far higher than those seen with a traditional IRA invested in a CD.

“With housing prices lower than they’ve been in years and the First Time Home Buying Tax Credit being extended until June of next year, this is unique time within the real estate market. There is an enhanced number of willing buyers out there right now, and for those investors who are willing to purchase real estate in their IRA, there’s a lot of potential to capitalize on low home prices and an increased buyer’s pool,” adds Moore.

“A self directed IRA isn’t the right choice for everyone – but then again, neither is a traditional IRA earning next to no returns in CDs. For anyone interested in growing their IRA outside the stock market, now may be an ideal time to look into real estate while the First Time Home Buying Tax Credit is still available,” adds Moore.

About Truly Self Directed:
Truly Self Directed is an Austin, Texas based firm specializing in structuring and managing self directed IRAs, a more flexible alternative to the traditional IRA. For more information about Truly Self Directed and their self directed IRA services, please visit: www.IRALLCPartner.com.

Via EPR Network
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The Real Estate IRA Is No Longer Your Grandma’s Retirement Plan

With the stock market constantly proving itself to be unstable, investors are turning to another method of investing for their retirement. Truly Self Directed IRA (www.IRALLCPartner.com) is a company that is providing new options for investors by giving them safety from the volatile nature of today’s stock market.

While some critics of this type of plan have stated that the market always bounces back, the current recovery is seen as a reaction to the government stimulus plan and, therefore, is not sustainable. Investors are now looking for alternatives to the market and many of these people believe that real estate IRA is the way to go.

Josh Moore of Truly Self Directed IRA states that “there has been a significant increase in the number of real estate IRA deals being done.” This bodes well for the future of this type of investments, “as many people are now choosing this method over the stock market,” Moore adds.

This is a direct backlash from the amount of money that has been lost in the stock market over the past couple of years. Individuals have been forced to work well beyond their perceived retirement date because their retirement funds have been depleted.

In some cases, these individuals have seen their funds decrease by 50% in a very short span, which “rarely happens around the median home priced real estate market. People need a place to live no matter what is happening on Wall Street. Even though the real estate market did go through some short term problems, it has rebounded in many parts of the country and has truly stabilized,” states Moore.

The Real estate IRA is meant to help people take control of their own destinies by giving them some control over where their personal investments are placed. “The days of relying on a big company or a large government pension is no longer a sustainable strategy for retirees because these program seem to always receive cuts, especially during and following a recessionary period. Therefore, it is a wise idea for every investor to evaluate their investment strategy and take personal responsibility for their own retirement plan.

Moore says, “we are starting to see a trend where younger investors are asking about the Real Estate IRA. This trend is increasing for a number of reasons:

1. Many are seeking to truly diversify.
2. Many want control over where their retirement funds are invested.
3. Many realize homes will always be in demand.
4. Many of the 30 and 40 somethings realize there is not going to be a safety net
for them like Social Security so they must take the initiative now or face a substandard lifestyle during their retirement years.”

In addition, “many wonder with the current state of the economy and the loses suffered over the past year whether they will be able to retire,” concludes Moore.

For more information on real estate IRA, contact Josh Moore at
http://www.IRALLCPartner.com/ or 877-339-4559.

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HomeTelos LEO Program Achieves Market Success as Foreclosure Alternative

HomeTelos Loan Exit Option (LEO) program has demonstrated market success as an effective approach in avoiding foreclosure for borrowers, investors, and mortgage servicers. The LEO pre-foreclosure home sale program is faster and has significantly higher closing success rates than traditional short-selling programs. The HomeTelos LEO system aligns the interests of borrowers, servicers and other interested parties through its unique workflow management system, which qualifies properties for pre-foreclosure sale. When qualified, LEO then facilitates property sales through its dynamic online marketplace that brings motivated sellers & buyers together. Mortgage servicers can better help borrowers avoid foreclosure through HomeTelos’ integrated and streamlined LEO system and processes. Costly, frustrating, and ultimately unsuccessful sales efforts are avoided without heavy staff demands being imposed on servicing operations. HomeTelos LEO Program Achieves Market Success as Foreclosure Alternative

Since LEO’s launch last year, LEO properties upon listing have averaged 37 days on market, 4 offers per property and sales prices that average 96 percent of list price. A key to this success is real-time communication between real estate brokers, servicers and investors, allowing LEO to average only 3 days from buyer’s offer submission to servicer’s acceptance or rejection. According to a Florida borrower, “we were getting nowhere, losing our job then our home. We appreciated the quick action in getting our short sale resolved in this market”. LEO provides loan servicers with assurance that the property is widely marketed, offers represent real market value and that closing issues are resolved in advance. Borrowers avoid foreclosure proceedings, critically damaged credit ratings and the threat of lender recourse for loan payment shortfalls.

According to HomeTelos President Stephen Polley, “LEO’s success is driven by its breakthrough combination of innovative technology and re-engineered workflow processes for achieving the combined critical objectives of servicers, borrowers and other interested parties. LEO provides a way for families under financial stress to have a mortgage option that allows them to relocate with dignity.”

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