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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
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Home Demand Up, Foreclosures to Keep Prices Down
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Demand Up, Foreclosures to Keep Prices Down
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Demand Up, Foreclosures to Keep Prices Down

February 13, 2012 (Shirley Allen)

Despite solid gains in home sales towards the end of 2011, the best showing since the homebuyer tax credit induced sales in the first half of 2010, home prices and appraisals are still expected to be affected by the downward pressure brought on by the sale of lower priced distressed properties.

Campbell/Inside Mortgage Finance reports that through the end of November, distressed properties accounted for 46.1 percent of home purchases using a three-month rolling average. It was the 23rd consecutive month that distressed property sales had accounted for over 40 percent of all sales.

Shorts sales accounted for 17.6 percent of the home purchases during that period followed by move-in ready REO properties at 15.2 percent with damaged REO properties taking a 13.3 percent share of total home purchases.

REO median prices varied vastly depending on whether the property was move-in ready or damaged. The median price for move-in ready REO properties was $189,700, while the median price for damaged REO properties was far less at $98,600. The median price of a short sale was $209,200 and non-distressed properties sold for a median price of $258,900.

On average, damaged REO properties sold in just 9 weeks while move-in ready REO’s sold for in 10.1 weeks, both 15 month lows.

Appraisals that included distressed property sales in their calculations continued to be a source of contention with real estate agents as the impact of the lower prices was making it difficult to get non-distressed homes to appraise, keeping the market from making a comeback in some areas.

An agent in Maryland reported, “The foreclosure/short sale markets are making it difficult to get non-distressed homes to appraise. This is holding off a market comeback in my area,” while another agent in Florida said, “We could sell the homes for more but the appraisals are an issue since they are using short sales and foreclosures as comps.”

With almost four million homes in foreclosure and in the shadow inventory, their impact on overall market prices should be expected to be felt for some time to come.

Tags: distressed properties, REO, move-in ready, damaged, foreclosure, short sales

Source
Campbell/Inside Mortgage Finance

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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WE GIVE YOU THE INSIDE TIPS THAT
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BUYING OR SELLING A HOME IS A BIG DECISION
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 13, 2012 (Shirley Allen)

Despite solid gains in home sales towards the end of 2011, the best showing since the homebuyer tax credit induced sales in the first half of 2010, home prices and appraisals are still expected to be affected by the downward pressure brought on by the sale of lower priced distressed properties.

Campbell/Inside Mortgage Finance reports that through the end of November, distressed properties accounted for 46.1 percent of home purchases using a three-month rolling average. It was the 23rd consecutive month that distressed property sales had accounted for over 40 percent of all sales.

Shorts sales accounted for 17.6 percent of the home purchases during that period followed by move-in ready REO properties at 15.2 percent with damaged REO properties taking a 13.3 percent share of total home purchases.

REO median prices varied vastly depending on whether the property was move-in ready or damaged. The median price for move-in ready REO properties was $189,700, while the median price for damaged REO properties was far less at $98,600. The median price of a short sale was $209,200 and non-distressed properties sold for a median price of $258,900.

On average, damaged REO properties sold in just 9 weeks while move-in ready REO’s sold for in 10.1 weeks, both 15 month lows.

Appraisals that included distressed property sales in their calculations continued to be a source of contention with real estate agents as the impact of the lower prices was making it difficult to get non-distressed homes to appraise, keeping the market from making a comeback in some areas.

An agent in Maryland reported, “The foreclosure/short sale markets are making it difficult to get non-distressed homes to appraise. This is holding off a market comeback in my area,” while another agent in Florida said, “We could sell the homes for more but the appraisals are an issue since they are using short sales and foreclosures as comps.”

With almost four million homes in foreclosure and in the shadow inventory, their impact on overall market prices should be expected to be felt for some time to come.

Tags: distressed properties, REO, move-in ready, damaged, foreclosure, short sales

Source
Campbell/Inside Mortgage Finance

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 13, 2012 (Shirley Allen)

Despite solid gains in home sales towards the end of 2011, the best showing since the homebuyer tax credit induced sales in the first half of 2010, home prices and appraisals are still expected to be affected by the downward pressure brought on by the sale of lower priced distressed properties.

Campbell/Inside Mortgage Finance reports that through the end of November, distressed properties accounted for 46.1 percent of home purchases using a three-month rolling average. It was the 23rd consecutive month that distressed property sales had accounted for over 40 percent of all sales.

Shorts sales accounted for 17.6 percent of the home purchases during that period followed by move-in ready REO properties at 15.2 percent with damaged REO properties taking a 13.3 percent share of total home purchases.

REO median prices varied vastly depending on whether the property was move-in ready or damaged. The median price for move-in ready REO properties was $189,700, while the median price for damaged REO properties was far less at $98,600. The median price of a short sale was $209,200 and non-distressed properties sold for a median price of $258,900.

On average, damaged REO properties sold in just 9 weeks while move-in ready REO’s sold for in 10.1 weeks, both 15 month lows.

Appraisals that included distressed property sales in their calculations continued to be a source of contention with real estate agents as the impact of the lower prices was making it difficult to get non-distressed homes to appraise, keeping the market from making a comeback in some areas.

An agent in Maryland reported, “The foreclosure/short sale markets are making it difficult to get non-distressed homes to appraise. This is holding off a market comeback in my area,” while another agent in Florida said, “We could sell the homes for more but the appraisals are an issue since they are using short sales and foreclosures as comps.”

With almost four million homes in foreclosure and in the shadow inventory, their impact on overall market prices should be expected to be felt for some time to come.

Tags: distressed properties, REO, move-in ready, damaged, foreclosure, short sales

Source
Campbell/Inside Mortgage Finance

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS