ARLINGTON, VA
fha financing & condos: what you need to know
The FHA is a tease. Yes, I said it. You’re a tease. You tempt buyers by flashing a mere 3.5% down payment and interest rates below 5% (at the time of this writing), but then you go and pull the rug out from under everyone! The FHA has now decided to tighten lending on condo buildings (not one area specifically, but all condos in general)…Rest of Story…

MANHATTAN, NY
Manhattan Real Estate: A Healthy Return
What’s the expected return on investment (ROI) on an investment apartment in Manhattan? Well, it’s a forecast, and as a real estate broker, I never promise investor clients prices will appreciate by X percent within Y years. But what I can share is the historical trend of price appreciation on a Manhattan apartment, as this chart shows…Rest of Story…

MIAMI, FL
Miami Couple Accused Of Running Ponzi Scheme
A Miami couple whose real estate company was forced into bankruptcy last year was charged Wednesday with using that company to bilk hundreds of investors – including Roman Catholic Jesuit priests and elderly Cuban-Americans – out of $135 million. The Securities and Exchange Commission sued Gaston Cantens, 71, and wife Teresita Cantens, 73…Rest of Story…

PHOENIX, AZ
Phoenix Sky Train To Connect Light Rail Riders
The PHX Sky Train, a massive public works project now under construction at the east end of Sky Harbor Airport, recently became the topic of media attention when it was not included among the projects receiving federal stimulus funds announced by Transportation Secretary Ray LaHood. Unfortunately, there is a lot of confusion…Rest of Story…

SEATTLE, WA
Seattle Real Estate: What is Escrow?
One of the most common questions I get is, “What is Escrow?” Such a misunderstood part of any real estate transaction, Escrow can vary from State to State. However, in the State of Washington, Escrow is the depositing of funds and documents by the parties with an impartial third party for delivery upon completion of the terms of the escrow instructions…Rest of Story…

TEMPE, AZ
Short sale agents need to stand up to banks when the overreach
Video 97: I had a email from an agent in Colorado the other day. We had a conversation back and forth on Skype and I couldn’t believe what he was telling me. GMAC was requiring the buyer in a short sale purchase to put down x amount of money as earnest money. Then once it got past the inspection period if the buyer backed out and the they lost their earnest money, the earnest money was to be given to GMAC…Rest of Story…

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