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Monthly Archives: May 2010

Mortgage Broker vs Direct Lender? / Big vs. Small Bank?

I had a post from one of my readers that was great and I wanted to make sure everyone who follows my Blog had a chance to see it. The Question Was: Bob what is your feeling with going with a small lender that offers lets say 1/4 point less than a larger more well [...]

CRESTWOOD HILLS SECTION OF BRENTWOOD

Dow Jones Reports Mortgage Rates Have Hit Lowest In Years — 4.84% & LOWER

Dow Jones Reported today that the mortgage rates according to Freddie Mac has hit their lowest in years, 30 Year Fixed 4.84% 15 yr fixed 3.93% 5 yr ARM 3.00% I have read some reports that are even slightly lower, of course shopping around can even bring it lower. Looking at records that go back [...]

REO / BANK OWNED vs SHORT SALES – FOR FIRST TIME BUYERS

The hottest segment of the housing market is First Time Buyers and why shouldn’t it be? Interest rates at all time lows, houses and condos being near or at the bottom of this devastating recession and of course government incentives. Human nature being human nature buyers still are looking for a better and better deal [...]

Foreclosure vs Bank Owned vs REO

There is so much discussion of buying properties that are foreclosed and using the words in the wrong context I thought I would clear it up a little. 1. A house that is in foreclosure is going to be auctioned off to the highest bidder over the minimum bid the bank will declare. 2. 95% [...]

RARE BANK OWNED FORECLOSURE IN SANTA MONICA – 3 BDRM CONDO – $675,900

SOLD ***SOLD***SOLD BANK OWNED PROPERTIES IN SANTA MONICA GO FAST THREE BEDROOMS / THREE BATHS / ALMOST 1500 SQUARE FEET SOLD***SOLD***SOLD     Owned Foreclosures or REO’s just follow this link Bank Owned Foreclosure Facts You Should Know . Give me a call at 310.505.5571 or email at bob_schmalz@wlaregroup.com to set up an appointment to [...]