About Short Sales

For the first time in years, the price of a home has decreased, giving more and more people the option of owning their first home. There are a few different programs that offer even more savings, such as low to zero down mortgage loans. These various programs give the first time home owner incentive to take advantage of the low cost of buying a home.

Many different types of programs can be found by getting on line and doing a little research. The following is just a small list of the most popular zero down options given to those searching for their first home.

1. One program that is geared towards those wanting to purchase land used for farming. It has a few restrictions such as it is only for targeted rural areas and some income restrictions. The interest rate on this loan is 3.5%. This loan is to increase the land used for farm and agricultural uses.

2. Crown Financial Solutions has a program that offers the chance for a consumer with low to moderate credit scores. It gives them the chance to own their own home for around 3.5%.

The United States government also has a popular option for first time home owners, known as the FHA. This is targeted towards those with not so good credit to get a loan by just looking at the past few years of payments. There can’t be any bankruptcies over the past two years and credit scores have to be good after the discharge.

Owning a home for the first time is an exciting milestone in most consumers’ lives. There are many programs designed to help, some even zero down mortgage loans. Some of the programs being offered are geared towards those with fair to low credit scores. With home prices getting lower and lower, it is a really good time to take advantage of the deals offered to consumers.

If you are in the market to Buy a Home then check out Rob Kosbergs’ Detailed FREE Guide on Attaining your Dream Home with a Zero Down Mortgage or for up to date Mortgage info visit my Mortgage Blog

National TV and radio stories talk about something called the national real estate market. We are hearing about a market that does not exist.

There are many areas, cities and even whole states that have remained strong during the present real estate crisis. There are cities in hard hit states that have seen their home values remain relatively flat or even increase slightly. And, of course, there are some neighborhoods within cities that have outperformed others. When thinking of the real estate market remember this.

Consider the latest American Housing Survey. It found that there are 124,377,000 homes in America spread across:

The information is collected from all 50 states as well as Incorporated cities numbering more than 30,000 and Innumerable local neighborhoods.

These 124 million homes get bunched together by the media and we hear the analysis of the undifferentiated clump of homes. These national statistics are not “one size fits all.” The market in Pocatello, will be different than the market in Boulder. National statistics are not helpful.

To get real estate analysis that matters, look local instead. And I don’t mean stats from your state — I mean stats from your neighborhood. It’s the only way to know what’s driving home prices on your street.

Unfortunately, finding local data like this isn’t easy; it’s far too narrow to be covered by the press. So, the best place to get local real estate data is from a local real estate agent or from somebody else with access to raw real estate data in and around your neighborhood.

By talking to local professionals that know your backyard, you’ll get a much clearer picture of your local market — good or bad — than the national media could ever provide.

Remember, real estate is unlike a gallon of gas. Gas may be similar from state to state but not real estate. Don’t worry about the stories you hear on national media. Real estate is a local market so your real estate data should be local, too.

If you are in the market to Buy a Home then Visit Rob Kosbergs’ Detailed FREE Guide on Buying your Dream Home with a Zero Down Mortgage or for up to date Mortgage info visit my Mortgage Blog

categories: zero down mortgage, no money down mortgage, home buying, down payment assistance, FHA, short sales, Mortgages, Refinance, Real Estate, Finance, Economy, Money

It’s unfortunate but foreclosed homes currently represent half of all of all the homes sold in the US. Before the bank forces foreclosure there is in a period called pre-foreclosure which can last anywhere from two to twelve weeks. Many of the real estate gurus have made a fortune on pre-foreclosures and consider it as one of the best, if not the best, way to invest in real estate.

A lot of times the banks don’t want to deal with having to foreclose a home, so they will allow the owners to sell it during the pre-foreclosure period. You can get a great bargain in buying a pre-foreclosed home.

Here are many advantages to buying a pre-foreclosed home from a homeowner rather than bidding on a foreclosed home at an auction:

- Pre-foreclosed homes are often sold for less than foreclosed homes. To avoid credit problems a homeowner is motivated to sell their home before the bank takes possession.

- Since you won’t be at an auction, you will be given more time to talk to the home owner about any questions you may have concerning the house.

- There is usually less competition for a pre-foreclosed home than a auctioned foreclosed home. You won’t have to worry about placing the highest bid.

- More time to evaluate financial scenario then at an auctioned property.

- Many people can become more emotionally driven during bidding and pay more then they had intended to.

- You have time to have a pre-foreclosed home inspected resulting is less risk.

- You will be allowed to make a low down payment on a pre-foreclosed house. This is not the case at a foreclosure auction.

Make sure you bring along an inspector when you check out a pre-foreclosed home. You should also check to make sure there are no past judgment liens or unpaid taxes on the property. The risks in buying a pre-foreclosed home are not that much more then buying a home the traditional way through a real estate company.

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