Folks, Have you seen We Buy Houses As Is ? What is the site about? Take a look This is for motivated sellers who want to receive a fast cash no hassle purchase offer on their home – AS IS. This eliminates the general public from walking around your home. Buying homes as is provides the seller a chance to sell their home quickly as is.
This provides investors with chance to rehab a home and bring it to market “retail” for a buyer who wants a home that is in move in condition. Investors look for “wholesale deals” in order to make a profit by “flipping” the home generally after rehabbing the home.
End Buyers like these homes since they can now purchase a home that is in move in condition and they are able to obtain a home loan to purchase the home.
Here are a few links to this website.. Enjoy. If you would like to sell your home you can use this site to receive a fast as is cash offer.
Portland Oregon homeowners are asking “What’s My Home Worth” because there is such a pent up demand to sell homes at higher prices so home owners are very interested to know how much their house has increased in value since the bottom of them market a couple years ago. Searching trying to figure out how much their home has gone up in value. With the very low interest rates and flushing out of most Portland bank owned inventory and cash investors and flip investors taking most homes off the market creating a low amount of housing inventory in Portland this has lead to an increase in Portland house prices. Basic effect of supply and demand.
24% of FHA Loans written in 2007 in Default. 20% of FHA loans written in 2008 are in default.
Recap of findings of the latest RealtyTrac report:
* The foreclosures surged 15% as compared to one year ago.
* For Every 409 U.S. homes – 1 is now facing default.
*Over 87,000 homes were repossessed just in January 2010 alone. That’s a 31% increase over January of 2009.
*The number of pending foreclosures will increase by nearly 40% to a record high of 3.5 million as compared to the old record of 2.8 million in 2009.
*Home values plunged even further by 17% in December 2009.
*Fannie Mae conventional loan delinquency rates have more than doubled from 2008 year end to 5.3% by the close of 2009.
20% of homes underwater
Real estate website Zillow.com says one of every five U.S. home owners owed more on their mortgage than their home was worth in the fourth quarter. The percentage of American single-family homes with mortgages in negative equity rose to 21.4% in the fourth quarter from 21% in the third quarter, according to the Zillow Real Estate Market Reports. U.S. home values declined again in the fourth quarter, as the Zillow Home Value Index fell 5% year-over-year and down 0.5% quarter-over-quarter, to $186,200. It was the 12th consecutive quarter of year-over-year declines, the reports showed. “The prevalence of markets in or near a double-dip situation shows that we are not yet at the bottom, in terms of home values,” Stan Humphries, Zillow chief economist, said in an interview.
The overwhelming opinion is rates will go up sometime next year. If teh feds do not support the low rates buying MBS than it would be fair to say non-fed investors will demand a higher return. If you have an opinion please share it in the comment section.keep looking »