Creative Property Solutions, Inc.

Welcome to the High-Risk Pool: Evolving Down-Payment Rules Could Send Borrower Costs Soaring

Greg — Fri, 21 Jan 2011 03:26:27 +0000

Thirty could be the new twenty. Unfortunately, we’re talking about down payments instead of states of mind. If the nation’s biggest mortgage lender gets its way, a 30-percent down payment would become the standard for the safest and most prized home loans on the market. That could make home purchases and even some refinances more [...]

Welcome to the High-Risk Pool: Evolving Down-Payment Rules Could Send Borrower Costs Soaring

Source: Welcome to the High-Risk Pool: Evolving Down-Payment Rules Could Send Borrower Costs Soaring

Hugh Kelly on the Shaky State of the Real Estate Industry

Greg — Thu, 20 Jan 2011 14:26:44 +0000

Economist Hugh Kelly has a full plate these days. With the industry in the state that it is, Kelly and his take on things are in more demand than ever. As a principal at Hugh Kelly Real Estate Economics, he patiently grinds the issues down to grains of sand, then sifts them and sorts them [...]

Hugh Kelly on the Shaky State of the Real Estate Industry

Source: Hugh Kelly on the Shaky State of the Real Estate Industry

Sycamore St

Greg — Thu, 20 Jan 2011 14:26:42 +0000

Source: Sycamore St

Danbury Rd

Greg — Thu, 20 Jan 2011 12:35:15 +0000

	Property Address	Est. Market Value	Opening Bid
	Danbury Rd Murray, KY 42071	$85,020.00	N/A	Get Details Join Now!

Source: Danbury Rd

Don’t Let a Balloon Payment Burst Your Bubble

Greg — Wed, 19 Jan 2011 22:28:05 +0000

Selling a property on contract usually includes some form of a balloon payment in five, seven or ten years. While putting a balloon into a contract is exciting, you should also know that most balloon payments do not come to fruition. In most cases, you either re-write the terms of the contract or you enforce [...]

Don’t Let a Balloon Payment Burst Your Bubble

Source: Don’t Let a Balloon Payment Burst Your Bubble

8 Most Important Commercial Real Estate Investing Questions Answered.

Greg — Wed, 19 Jan 2011 18:33:50 +0000

The 8 Commercial Real Estate Investing Questions: 1. Is it better to invest in residential or commercial real estate? Residential or commercial pick your poison. Think about the last 2-3-4 years. Hey, what geniuses are left? We can go further later but it’s simple. Whatever fits your style. A quote from me to a good [...]

8 Most Important Commercial Real Estate Investing Questions Answered.

Source: 8 Most Important Commercial Real Estate Investing Questions Answered.

Controlling (And Conquering) Your Appraisals

Greg — Wed, 19 Jan 2011 12:34:01 +0000

I’ve addressed this topic several times in the forums, and much of this post is taken from an old forum post I wrote, but this subject is important enough to rehabbers and other investors that I wanted to make sure it was captured here on the blog… One of the biggest areas where rehabbers and [...]

Controlling (And Conquering) Your Appraisals

Source: Controlling (And Conquering) Your Appraisals

Short Sales and the Title Report

Greg — Tue, 18 Jan 2011 22:27:19 +0000

Almost every short sale chat that I have with a buyer, a seller, an agent, or an investor touches on some aspect of the title report. As a result of these conversations and my adventures in the wacky world of short sales, I cannot underscore enough the importance of ordering a preliminary title report when [...]

Short Sales and the Title Report

Source: Short Sales and the Title Report

Utah Courts Grant Home Owners ‘Get Outa Jail Free’ Card In Foreclosure Mess

Greg — Tue, 18 Jan 2011 19:23:53 +0000

Short and sweet today, as I’m pretending I’m an employee enjoying the three day weekend like everyone else. A court in Utah has now ordered any record of loans previously recorded on a few homes to be eliminated. Put more plainly, the order left the home owners with their homes magically made debt free. Why [...]

Utah Courts Grant Home Owners ‘Get Outa Jail Free’ Card In Foreclosure Mess

Source: Utah Courts Grant Home Owners ‘Get Outa Jail Free’ Card In Foreclosure Mess

Shadow Inventory Larger Than Reported

Greg — Tue, 18 Jan 2011 14:23:38 +0000

One of the new buzz words to have sprung from the collapse of the housing market is “shadow inventory,” and when most industry “experts” report the numbers, they are referring to distressed properties that have yet to hit the market. Primarily, these are REO properties (homes that have changed ownership from individuals to lenders) and [...]

Shadow Inventory Larger Than Reported

Source: Shadow Inventory Larger Than Reported