Although foreclosures are down this year there may be a “spike” in the foreclosure rate in the coming months. In April, 158 notices of mortgage default notices were filed. This is a 33 percent decrease from March of 2011. Great sign! However, default notices in Ada County increased 7% with 335 notices throughout April and […]
What specifically does an agent for the buyer actually do to earn their share of commission? Obviously, a buyer agent supports the buyer (you) and represents your interests; they maintain confidences, and provide loyalty and care. How hard could that be? Is this really more meaningful than making arrangements to open a door of a […]
FREE Boise Home Search/Area Wide Home Search Trust Realty contains a FREE Boise home (and Greater Boise-Nampa Metro Area) search engine which is directly linked to the area Multiple Listing Service. Property information is updated immediately and has no “lag time” much like the larger search sites (Trulia.com, Realtor.com, Zillow.com, etc). In a nut shell, you are able to view […]
BOISE HOMES—HAS THE MARKET STABALIZED? Boise home pricing has stabilized (in my opinion and others). Granted, we could see a spurt of depreciation if inventory were to increase substantially. However, inventory levels within the Greater Boise-Nampa Real Estate Market have subsided drastically within the past 6 months. If this trend continues then Boise home pricing […]
The waiting periods in order to qualify for a home loan after a foreclosure, deed-in-lieu, short sale and bankruptcy varies both by the government agency purchasing or insuring the loan as well as the dollar amount of the loan. Conventional Conforming (FNMA/FHLMC) 1) Foreclosure is 7 years 2) Deed-in-Lieu is 4 years < 80% LTV […]
The waiting periods in order to qualify for a home loan after a foreclosure, deed-in-lieu, short sale and bankruptcy varies both by the government agency purchasing or insuring the loan as well as the dollar amount of the loan. Federal Housing Administration (FHA) 1) Foreclosure is 3 years 2) Deed-in Lieu is 3 years 3) […]
Many sellers across the country are having trouble making mortgage payments. Many purchased their homes using adjustable rate mortgages and the “Teaser Rates” lured thousands. Many of those adjustable rate mortgages are now reaching their anniversary date and the rates on these loans are going up. For those that had marginal credit to begin with the interest rates […]
According to a real estate law firm, legal transactions always involve the use of forms and contracts to make the deal enforceable. These include selling a residential property such as a home. Selling real estate properties require the use of specific forms. These can be the standard ones or the state specific forms. The reason […]
August sales in Ada County were 421. That’s a decrease from August ’09 of 19%. Year-To-Date ’10 is now 3,954; an increase of 18% over the first eight months of 2009. Historically, sales volume is about the same July to August. From 2006 to now we’ve had two years with decreases, one year with an […]