Are you upside down on your house? (Upside down means you owe more to the bank thatn the house is now worth.) Well, I have heard from two people now who have had their banks contact them and ask them if they want to refinance to a lower rate. Not only that, but for those who qualify they will be able to get a reduction in the amount of their loan too! YES! It's true. Part of the stimulus package that Obama has created allows banks for those of us who have not defaulted on our loans but are upside down. They are allowing a forgiveness of 20-25% for those who fit their criteria too! People to have to get PMI insurance but who cares! My friend paid a tad over $620,000 for her home and owed about $550,000 at 8.5% on it when the market tanked. Now she had it reduced to 5% and $430,000!!! Not bad eh?!
If you don't understand something in this post let me know and I will do my best to send you an explanation. Just remember there is hope!
Mariaaaaaaaaaaaa
:)
Showing posts with label homes. Show all posts
Showing posts with label homes. Show all posts
Sunday, March 29, 2009
Monday, August 11, 2008
A Challenge Out There...Moms Grab Your Hammers!
Hello Moms!
Thanks for coming back and getting another dose of fun and informative realty reality. Most real estate agents cover only a specific area so they get stuck in just the info for that area. I like to shake things up a bit so I did a seach today for ALL single family homes in Massaschusetts that are FOR SALE and found some interesting information:
-There are 28,521 for sale.
-429 were listed in the last 3 days.
Ooops! Just to show you how crazy the market is, this morning I started writing this blog, went to a long meeting and went back to check the stats a few hours later and now the numbers are:
30,361 for sale!!! WOW! THAT IS NUTS! This is only in Massachusetts which again proves that it is a FABULOUS time for buyers!
Ok, so with these new results can you guess what the lowest priced home in Massachusetts is this week? (drum roll)
166 Brombach St, Pittsfield, MA
6 room, 2 bed, 1 bath Ranch
$35,000 (isn't that the price of a car???)
Approx. Living Area: 1294 sq. ft.
Approx. Acres: 0.19 (8276 sq. ft.)
Heat Zones: Forced Air, Gas
Parking Spaces: 2 Off-Street
Needs a lot of TLC.
For explore more fun properties like this go to http://www.brickhouserealty.com/ and sign up to view properties. Don't worry we won't sell or give your info to anyone not even to our own moms!
Have a fantastic week!
Mariaaaaaaaaaaaaaaaaaaaaa
:)
Thanks for coming back and getting another dose of fun and informative realty reality. Most real estate agents cover only a specific area so they get stuck in just the info for that area. I like to shake things up a bit so I did a seach today for ALL single family homes in Massaschusetts that are FOR SALE and found some interesting information:
-There are 28,521 for sale.
-429 were listed in the last 3 days.
Ooops! Just to show you how crazy the market is, this morning I started writing this blog, went to a long meeting and went back to check the stats a few hours later and now the numbers are:
30,361 for sale!!! WOW! THAT IS NUTS! This is only in Massachusetts which again proves that it is a FABULOUS time for buyers!
Ok, so with these new results can you guess what the lowest priced home in Massachusetts is this week? (drum roll)
166 Brombach St, Pittsfield, MA
6 room, 2 bed, 1 bath Ranch
$35,000 (isn't that the price of a car???)
Approx. Living Area: 1294 sq. ft.
Approx. Acres: 0.19 (8276 sq. ft.)
Heat Zones: Forced Air, Gas
Parking Spaces: 2 Off-Street
Needs a lot of TLC.
For explore more fun properties like this go to http://www.brickhouserealty.com/ and sign up to view properties. Don't worry we won't sell or give your info to anyone not even to our own moms!
Have a fantastic week!
Mariaaaaaaaaaaaaaaaaaaaaa
:)
Monday, July 21, 2008
A Very Cool Buyer Program...
I came across a program that I am thrilled about because it's going to help a lot of people...maybe even you and your family!!! YAY!
Yes, it's true! The economy's shifting is creating fantastic oportunities for those who are lucky enough to find this information! This wonderful program gives discounts to people who buy homes in Worcester. What kind of discounts? Well, they offer discounts on most aspects of home buying including mortgage programs from local lending and financial institutions, in some cases, at rates between ½ and ¼ point below market rates with no or low down payments, lower or no mortgage insurance payments, employer mortgage assistance, and rewards from local retailers on the purchase of homeowner essentials.
OK, now, before you pooh-pooh Worcester, do yourself a favor. Go online and actually check out a few areas in Worcester. You know how cool college towns can be. If you have not visited Worcester in a while you should. It is a very magical place!
Did you know that Worcester is NEW ENGLAND's second largest city? It is a FIVE-TIME recipient of the All-American City Award. It combines the warmth of a small town with the conveniences of a thriving metropolis. You get affordable housing, quality public education, accessible transportation, trendy restaurants, cool shops, and exciting nightlife (for those who have time for that sort of thing ;).
But wait, there's more...."A manufacturing and innovation giant for more than 200 years, Worcester’s landscape blends impressive mills and diverse architecture with community-oriented neighborhoods, inviting green spaces, renowned colleges and unique cultural institutions. The City boasts one of the finest urban school systems in NewEngland and is rated one of the safest communities inthe country (with population of 100,000 or more). An admirable mix of old and new, Worcester is defined by eclectic neighborhoods with a range of housing stock - from historic, turn of the century homes to modern urban lofts.
Worcester’s Neighborhoods!
Lucky buyers can learn more about all of these by visiting www.buyworcesternow.com. It is rare to find such good incentive programs so at least checking it out would really be a good idea. Who knows maybe you will find exactly what you want and thought you could not have! ENJOY THE JOURNEY!
Yes, it's true! The economy's shifting is creating fantastic oportunities for those who are lucky enough to find this information! This wonderful program gives discounts to people who buy homes in Worcester. What kind of discounts? Well, they offer discounts on most aspects of home buying including mortgage programs from local lending and financial institutions, in some cases, at rates between ½ and ¼ point below market rates with no or low down payments, lower or no mortgage insurance payments, employer mortgage assistance, and rewards from local retailers on the purchase of homeowner essentials.
OK, now, before you pooh-pooh Worcester, do yourself a favor. Go online and actually check out a few areas in Worcester. You know how cool college towns can be. If you have not visited Worcester in a while you should. It is a very magical place!
Did you know that Worcester is NEW ENGLAND's second largest city? It is a FIVE-TIME recipient of the All-American City Award. It combines the warmth of a small town with the conveniences of a thriving metropolis. You get affordable housing, quality public education, accessible transportation, trendy restaurants, cool shops, and exciting nightlife (for those who have time for that sort of thing ;).
But wait, there's more...."A manufacturing and innovation giant for more than 200 years, Worcester’s landscape blends impressive mills and diverse architecture with community-oriented neighborhoods, inviting green spaces, renowned colleges and unique cultural institutions. The City boasts one of the finest urban school systems in NewEngland and is rated one of the safest communities inthe country (with population of 100,000 or more). An admirable mix of old and new, Worcester is defined by eclectic neighborhoods with a range of housing stock - from historic, turn of the century homes to modern urban lofts.
Worcester’s Neighborhoods!
Lucky buyers can learn more about all of these by visiting www.buyworcesternow.com. It is rare to find such good incentive programs so at least checking it out would really be a good idea. Who knows maybe you will find exactly what you want and thought you could not have! ENJOY THE JOURNEY!
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