Home Buyers-Our Team has the
experience to get the price and terms you want.
Provide resources for financing, home inspections,
contractors for repair bids, appraisers, tax
credits, and more! Take a tour of the Salt Lake City homes for sale
Home Search. Buying Salt Lake City
Real Estate couldn’t be easier. Remember you don't
have to be a first time buyer to get a tax credit.
Distressed Home Sellers
- Don't let
the bank take your property back. Find out your
options. Our short sale website:
www.utahteam.com
is one of the
most comprehensive websites for information on
Foreclosures verses Short sales. If you have
received a "NOTICE OF SALE" or if you are at the
point nearing the Auction date we may be able
to post pone your auction and Sale the home on a
Short Sale. Don't wait till it is too late
call for a confidential consultation. It's free!
Home Loans- We can provide a referral you to some of the
trusted Mortgage Professionals in our area.
Lenders that we have used for years and have used on
our own home.
PET-FRIENDLY REMODELING IDEAS
According to the American Pet Products
Manufacturers Association, 62 percent of U.S.
households currently have a pet. In these
households, pets are family members too, and a
growing number of homeowners are remodeling
their homes with their furry family members in
mind. Here are a few of the latest pet-friendly
design trends.
Read More
Attention Homebuyers:
Double-Barrel Stimulus Deadlines
Threaten Rates and Affordability; The Time to
Act is NOW!
This is great advice for
prospective homebuyers over the next 45 days, as
two key government programs that have kept home
ownership more affordable than ever wind down to
their completion.
First, the Federal Reserve's Mortgage Backed
Securities (MBS) purchase program will come to
an end on March 31,
just two weeks away! Without this program
home loan rates could have been at least 1.00%
higher...and potentially even higher...over the
last year. Throughout 2009, the Federal
Reserve was the primary buyer for MBS,
purchasing as much as 80% of the supply in a
given month. When this program ends, a lack of
willing buyers will likely cause MBS prices to
drop and rates to rise as a result.
The second shot will come on
April 30th,
which is the deadline for purchasers to get
under contract to qualify for the Home Buyer Tax
Credit program, which has been providing a tax
credit of up to $8,000 to first time homebuyers
and up to $6,500 to repeat purchasers.
Just How Much Will Waiting Cost?
While no one knows for certain what the future
holds, two things appear clear. Home loan rates
will likely be higher in the future, and free
money from the government will be gone. These
deadlines will affect both affordability to
purchase and the opportunity to refi.
In a recent
Wall Street Journal
article, it was estimated that 37% of all
borrowers with a 30-year fixed rate have
interest rates of 6% or higher. The article also
quotes Credit Suisse that more than half could
lower their rate by nearly 0.75%.
For prospective homebuyers, any increase in
interest rates erodes your purchasing power. In
other words, a 1% increase in rate represents an
approximate decline in purchasing power by 10%.
For example, if rates increase by 1%, people who
qualify for a $200,000 purchase price today may
only qualify for a purchase price of $180,000
afterwards.
If you or anyone you know is looking to
purchase or refinance a home, waiting could be
costly! Act now...so you can save later! For
Great Loan advise call Marc Johnson 801-792-7777
Loan officer for Envoy Mortgage South Jordan
Utah. Thanks for the article Marc!
A Certified Distressed
Property Expert® is a real estate
professional with specific understanding of the
complex issues confronting the real estate
industry, and the foreclosure avoidance options
available to homeowners. Through comprehensive
training and experience, CDPEs are able to
provide solutions for homeowners facing
hardships in today’s market, specifically
short sales.
The prospect
of foreclosure can be financially and
emotionally devastating, and often homeowners
proceed without guidance of any kind. The
developers of the CDPE Designation believe that
the best course of action for a homeowner in
distress is to speak with a well-informed,
licensed real estate professional. They have the
tools needed to help homeowners find the best
solution for their situation. Often, when other
options have been exhausted, CDPEs can help
homeowners avoid foreclosure through the
efficient execution of a short sale.
While
enduring financial difficulties is challenging
for any family, the process of finding a
qualified real estate professional should not
be. Selecting an agent with the CDPE Designation
ensures you are dealing with a professional
trained to address your specific needs. For more
information, contact us!
CDPEs don’t
merely assist in selling properties, they serve
and help save their clients in need.
Chances are,
you or someone you know in the Salt Lake
Metropolitan area are facing the
possibility of foreclosure. But you need to
understand that you are not alone.
Today, 1 out
of every 10 homeowners in America is behind on
mortgage payments. These are tough and
frustrating times. Now more than ever, it's
important to identify your options. Foreclosure
can be avoided, your credit can be saved, and
your financial future can be salvaged.
Through my 25
Years Plus handling distressed properties along
the Greater Wasatch front area, I've found that
homeowners today have more questions than
answers about their circumstances. The situation
with Pre-Foreclosure and Short sales is very
dynamic and is changing constantly. I have
created this site to help you understand the
possible solutions to foreclosure, as well as
provide a detailed explanation of short sales,
which may be the best course of action for some
homeowners.
As an agent
with the CDPE® Designation, I have a strong and
unique appreciation of the factors affecting the
market, and know that there are options
available to you.
If you would
like to know more about your options, please
call me at 801-205-3500 or Laurie at
801-205-1600
No one
wants the stigma attached to having a home
repossessed by the lender through foreclosure,
or the black mark left on one’s credit history
for every creditor to see in black and white.
And it can stay there for as long as 10 years no
less.....
Read More
Today’s post is dedicated to helping families
find an alternative to foreclosure, and helping
them return to the goal of homeownership more
quickly; therefore, we are emphasizing the
brochure developed by the National Association
of Realtors (NAR) that nicely summarizes the
existing HAFA Program.....
Read More
Working
with sellers who have some—but not
unlimited—cash for upgrades? Here are
budget-minded enhancements you can suggest to
make their home stand out.
Read More
Legislative changes in
November 2009 expanded and extended the credit
and also added documentation requirements for
claiming the credit. Due to increased compliance
checks by the IRS, failure to submit
documentation will slow down the issuance of any
applicable refund.
Read more....
Here are some
helpful hints gathered from Certified
Residential Specialists across the country. PDF
format
Now you know?
An overpriced home that
stays on the market more than 60 days is likely
to sell at a lower price than a
home priced for a quick sale. Let’s say a home
is priced at $220,000 —10 percent over the
$200,000 comparable market price. Three months
later, the seller drops the price by 10 percent
to $198,000, but the market price may have
fallen another 10 percent to $180,000, so the
home is still overpriced.
The sharp
rise in foreclosure activity in recent months
does not paint a pretty picture for distressed
borrowers: Foreclosure activity was up 112
percent in the first quarter of 2008, according
to RealtyTrac....Read
More
Bankruptcy is Usually a
Temporary Stop to
Foreclosure
There's not enough money at the end
of all the bills you have to pay.
You need one more paycheck to make
ends meet. Costs of living keep
going up and your monthly paycheck
isn't keeping up with the price of
gas, the cost of food and everything
else you value in your life. You
can't save anything because all your
money goes to paying bills and
supporting yourself and/or your
family. And then . .
.Read
More
Active Featured Salt Lake City Homes
and Properties For Sale
Residential Real Estate both
with buyer and sellers. Along
with investment, land and new
construction. As a past home
builder, We are experienced with
all levels of
foreclosure
assessment. Our team can handle
all facets of foreclosure
situations including, Cash for
keys, trash outs, Tenant
Negotiations, Utility change
over's, property preservation,
occupancy reports, 48 hour BPO
turnaround times,
Pre-Foreclosure and
Short Sale.
Martin &
Laurie Gale
Your REO and Short Sale Team!
Utah Team -
RE/MAX METRO REO - Utah
801-205-3500 - Toll Free 877-898-9502 - fax
801-327-3245
The
above brokerage assumes no responsibility nor
guarantees the accuracy of this information and
is not engaged in the practice of law nor gives
legal advice.
It is strongly recommended that you seek
appropriate professional counsel regarding your
rights as a homeowner.
We're Fair Housing Providers. Each RE/MAX Office
Independently Owned and Operated.
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Lake City
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