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Archives for April 2013

Zombie Foreclosures

April 10, 2013 by Marco Santarelli

Hundreds of thousands of homes in the US are now labeled as “zombie” foreclosures. That's when the owner of a foreclosed home leaves only to find out years later that he or she still legally owns the home and is on the hook for property taxes and other fees. Such cases occur in more than a third of foreclosures, industry figures show.

Although it's hard to quantify exactly how many homes fall into the category, real estate information company RealtyTrac says that, in the first three months of the year, roughly 302,000 homes qualified as “zombie” properties because the owner has moved out, but the bank has not yet taken possession.

[Read more…]

Filed Under: Economy, Foreclosures, Housing Market Tagged With: Foreclosures, Housing Market, Real Estate Market

Why the "Buy & Hold" Strategy is Best

April 8, 2013 by Marco Santarelli

The Buy and Hold methodology, as it is applicable to property, is and always has been the cause for making more millionaires than any other method.  The main reason is really because it lets you develop equity through appreciation over a period of time.  There are numerous short-term techniques like lease-options, wholesaling, and flipping that can create some cash, but in no way will it improve your long-term net worth.

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Filed Under: Real Estate Investing Tagged With: Building Wealth, buy and hold, Buy and Hold Strategy, Inflation Hedge, Perennial, Podcast, Real Estate Investing

Why It's Still Hard To Get A Mortgage

April 4, 2013 by Marco Santarelli

The housing market may be coming back, but a growing number of policy makers have expressed concerns recently that it’s still too hard to get a mortgage.

Federal Reserve governor Elizabeth Duke outlined some of these concerns and their causes in a speech last month. She was quick to note — as is anyone else who has sounded similar alarms — that she doesn’t want the market to return to the go-go days of 2005 or 2006 when anyone who could fog a mirror could get a loan. “But I also don’t think it would be a good idea to go back to the quite restrictive credit conditions of the early 1980s,” she said in the speech to mortgage bankers.

[Read more…]

Filed Under: Financing, Real Estate Investing Tagged With: Financing, Mortgage Loans, Real Estate Investing

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