The Federal Bureau of Investigation is starting to see a tremendous surge in mortgage fraud investigations that they have diverted agents from menial tasks to help stem the problem. Fraud in US financial Institutions, as well as those associated with lending practices are on the rise as a result of the sub-prime mortgage debacle. There were several incidents of insider trading violations who allow risky borrowers to continue getting loans in spite of the current crisis that has been a result of the same practices. Several companies, though undisclosed, are being investigated for fraud and other crimes related to the mortgage industry. Lenders are some of the worst hit but they are essential for the industry to survive for they provide bulk of finances needed for short-term goals. They are also the ones who fuels the industry but cases of fraud and insider meddling may signify that people are getting desperate in their attempts to survive the crisis. The agency is hard at work to get these people to answer for their crimes in hopes of preventing further loss of confidence in them for they are the lifeblood of the industry indeed.
The weak housing sales market is still dragging the US economy down even after several tax cuts by the Federal Government in order to help the industry and investors. Looses are predicted with many laying back on future developments till the industry stabilizes itself and the economy gets better which could be a sure sign of recovery. Analysts see the slowdown as a move by realtors to prevent or at least slowdown losses due to investments already made that have been hit hard by the economy and the industry as a whole. Developers and homebuilder are also less confident even when the figures show encouraging signs choosing to be cautious rather than adventurous.
The Census Bureau in a report has shown that the volume of vacant houses that are coming up for sale is at a high of 2.9% of all US homes and that figure excludes rental properties. The last highest level was recorded way back 1956 and the figures are sending shivers to homeowners as they too may lose their homes in the coming months. Once exclusive properties have been turned into regular homes with prices hitting rock bottom and much of their allure gone. Doing the math, that amounts to a total of 2.28 million properties that are vacant and for sale in the whole United States from 2.18 million from the last quarter of last year. Global economists are finding the figures quite worrying and they are keeping a close eye on the matter. Figures of low house sales that palaces it at a 16 1/2 year low isn’t helping and people are truly worried. Construction firms who have been hit have cut back on their work in hopes of getting the housing industry to catch up are having to cut back more to remain in business.
House prices continue to slide with only the market in vacation homes showing movement. Rentals are on the rise but prime properties continue to decrease leaving many without decent housing. Buyers holding off till things stabilize a bit and insurance industry flaws and loopholes are patched up. Congress continues to debate on how to bring about much needed change in the regulation of the insurance industry and local state governments are getting impatient saying their actions may worsen further the problem for time is of the essence. Many still feel the country is still in recession for the Federal Reserve has showed no signs of willingness to further reduce rates to help the ailing economy.
Winter months can be trying when it come to showing off your house for prospective buyers. This difficulty is one among a number that turn people off selling property at this time of the year. But, if you are backed against the wall chasing a deadline, or you simply do not have the luxury of waiting for very long then staging your house during winter months may just close that sale.
Warmth is one important factor in showcasing a house and something some sellers do not capitalize on. Keeping the house at a cozy temperature will present a warm and homey feeling to prospective buyers. Turn the thermostat up a couple of notches before some buyers come over. If you are using a gas fireplace, this could make for some ambience. But if the house has been vacant and your heat source is a wood-burning fireplace, think twice before just switching this on as this may be dangerous.
Warmth is one way to make your house more appealing to buyers during the winter months.
The 40 year mortgage makes monthly home payments more affordable, especially in areas where the real estate prices have skyrocketed. It is an attractive tool for homeowners who might otherwise be priced out of the housing market entirely. This article will help you understand the 40 year mortgage plans.
A 40 year mortgage may offer you a lower monthly payment. You may also be able to obtain a secure, fixed rate. But these mortgages typically have a balloon payment at the end of thirty years. AT that time, you have to refinance the loan or pay off the remaining balance. A 40 year mortgage has lower payments than the 30 year fixed mortgage because it stretches out the amortization schedule over a longer period. The loan is actually only for 30 years, but is amortized over 40 years, thus the balloon payment. An alternative to the 40 year mortgage is the interest only loan as it offers a similar low payment schedule. In some ways, the 40 year mortgage is more attractive though, because it allows you to build at least some equity in the home. Both the 40 year loan and the interest only loan allow you to purchase a more expensive home than you can afford with the same amount of cash. A $200,000 home would be $100 per month cheaper with a 40 year mortgage than it would be with a 30 year fixed rate mortgage.
The people who will benefit most from 40 year mortgage plans are those who are sure that they will be in the home for a long time before you take out a 40 year mortgage.
When you want to sell a house or a condominium, one of the things you definitely will have to do is to market your place well. This is so that you get a wider set of possible buyers and, of course, better and best price offers. Marketing can be easy or it can be hard depending on what needs to be marketed so help yourself by making your house as marketable as possible.
Repainting is something a lot of people recommend to spruce up your house. This simple activity can easily make your place look brand new. You can do this yourself or you can get a pro to do it. Either way, make sure you get good quality paint and do a good repainting job because these can look good up to three years.
This is a great way to raise the value of your home and make it more attractive to buyers.
There are some ways to make sure your money works for you. Investing this is often a smart and advisable step. There are many ways to invest money. Some choose to look at the financial sector for this but not everyone is comfortable doing this. What a lot of people do is invest their money in property. You might think that this is not a great way to invest considering the real estate market but this is on the mend so more and more people have begun to go this way again.
There are also a few basic tips when investing in real estate. There are three basic things you can look at in order to know if you are making the right decision in investing in property. Take a look at price. Of course, where prices are high, this is an indication that the place is desirable. You can choose to buy there or look at nearby places that will have lower prices. These may rise in demand because of proximity and cost. Look at taxes- lower taxes are always better. Then look at schools. How well these are doing is an indication if an area is good or not.
Having a small place, whether a house or condo, is more and more common now compared to what it was a decade ago. The shift from bigger houses to smaller ones has happened steadily over the past few years, started by the economic problems across the world. Today, a lot of people are seeing the value, financially as well as in overall stress, in owning a smaller space.
If you are someone who enjoys cooking and gardening, you don’t need to worry. It is still possible to have your own garden and source of veggies in a condo. Plants like tomatoes, eggplant, okra, chili, lettuce, and arugula are all potted plants that can easily be grown and maintained in a condo. All you need to do is exert the effort in knowing what plants are suitable to the nook or corners you will be assigning for greenery and how to maintain these indoors. After which, you can surely enjoy your small space and your potted garden at the same time.
You may be one of those people who does not really pay attention to Valentine’s Day. Perhaps the flowers, wining and dining, buying of presents, and gushing sweetness is something that does not appeal to you. You may overlook the day because of these reasons. But what if you were told that you could use Valentines as a way to build your home’s market value?
This is not a ploy to add decimal places to your selling price. It is instead a plan to market your home so that you get the best selling price. Any real estate broker or agent can tell you that one way to make your home more sell-able is by making it appealing. Valentines touches of flowers, scented candles, and pictures of loving couples and family make the home a real and approachable place, enabling possible buyers to envision their lives there. So instead of ignoring the commercial day, make it work for you.