Archive for August, 2007

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Mortgage Update: Small Investors Forced to Regroup

If you’ve been shopping for non-owner occupied investments in the 2-4 unit range its time for a pre-approval check-up. There have been wide spread reports of otherwise well qualified and previously pre-approved buyers getting completely shut down midway through a transaction - even after a recent pre-approval - even with good credit - even with [...]

22Aug2007 | Brecht Palombo | 0 comments | Continued
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Investors Are Saving Thousands Buying Bank-Owned Properties

It seems the tide is definitely changing when it comes to dealing with banks and [tag]bank-owned property[/tag]. For a number of months it seems lenders were in denial about just what sort of a haircut they should be expecting to take on the properties that they’re marketing. No more.
On the one hand I hate to [...]

11Aug2007 | Brecht Palombo | 0 comments | Continued
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Bank of America’s Realtor Survey for July is Available

Bank of America’s [tag] July Housing Survey [/tag]is out and I’m sorry to say that it’s more of the same. I suppose the highlight of the report is that traffis was “what realtor’s expected” but then I think that begs the question…’what did they expect’? Beyond that, home prices fell further and Days on [...]

8Aug2007 | Brecht Palombo | 0 comments | Continued
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