Economy...

So the Dow Jones went down even more………… - Jeff Buettner Real Estate Wiz Kid I just can’t make payments on my Phoenix home anymore !...

The Current Bank’s Tactics...

So here we are. Probably roughly two years in to the sky rocket of short sales and we see just another tactic from the bank to kick us all who are involved in short sales. Short sales are becoming more and more difficult because they are becoming more and more common. If you would have asked a group of real estate agents a year ago what a short sale was the majority wouldn’t know what you are talking about. Now a days the words short sale come up more regularly than closed deal. So what are the banks doing? Well the have employed several methods to try and save their...

New FHA Bill Passed To Help Homeowners O...

So as of the past week or so a bill has been passed to help homeowners from going into foreclosure. The bill is set to help out close to 400,000 people. I know, I know, only 400,000 people but its a start for this real estate market right? There are a few things in the fine print obviously. So this new bill that has been passed will allow homeowners to refinance their mortgage with a lower payment. The refinance will shift the risk from that of the lender to the FHA. The benefit of the lender is the continuation of the loan while the benefit to the homeowner is the...