CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Four Tips for Smarter Foreclosure Shopping
Foreclosures can be good deals for homebuyers, but with 1.5 million of them on the market, shopping carefully is important.
Here are some tips for anyone navigating the foreclosure market:
Don’t pay too much. With so many exuberant buyers, bidding up a property beyond its worth can be easy to do.
Get to know the banks. Practitioners who establish relationships with asset managers at banks can facilitate good communication.
Factor in fix-up costs. Most banks would rather sell a property as-is. Buyers should consider what shouldering that responsibility will cost. Touring the properties with a contractor can be a good plan.
Bid smartly. Help the buyer get the inside track by gathering as much information as you can about other bids.
Source: CNNMoney.com, Les Christie (11/19/2009)
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Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Saturday, November 21, 2009
Saturday, November 14, 2009
Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Commercial Real Estate Still Shaky
The downturn in commercial real estate still seems to be getting worse.By 2012, more than $1.4 trillion worth of commercial real estate loans will come due, according to investment firm ING Clarion Partners. Analysts at Deutsche Banks estimate that commercial borrowers will be unable to roll over three-quarters of the loans they took out in 2007, the worst year for toxic loans.But the more serious problem is the quality of the underlying loans, analysts say, pointing to examples of pricey deals that went south within months of the original sale.
Research firm Reis Inc. estimated that income projections made for properties that sold between 2005 and 2008 exceeded their historical performances by an average of 15 percent."It was all based on assumption of cash flow," says Howard S. Landsberg of New York-based consultant Weiser Realty Advisors.
"If you couldn't afford to pay the bank back now, in three years you could count on another $20 a square foot in rent. When the numbers didn't add up, some lenders got imaginative.”
Source: BusinessWeek, Mara Der Hovanesian and Dean Foust, with John Cady (11/13/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Commercial Real Estate Still Shaky
The downturn in commercial real estate still seems to be getting worse.By 2012, more than $1.4 trillion worth of commercial real estate loans will come due, according to investment firm ING Clarion Partners. Analysts at Deutsche Banks estimate that commercial borrowers will be unable to roll over three-quarters of the loans they took out in 2007, the worst year for toxic loans.But the more serious problem is the quality of the underlying loans, analysts say, pointing to examples of pricey deals that went south within months of the original sale.
Research firm Reis Inc. estimated that income projections made for properties that sold between 2005 and 2008 exceeded their historical performances by an average of 15 percent."It was all based on assumption of cash flow," says Howard S. Landsberg of New York-based consultant Weiser Realty Advisors.
"If you couldn't afford to pay the bank back now, in three years you could count on another $20 a square foot in rent. When the numbers didn't add up, some lenders got imaginative.”
Source: BusinessWeek, Mara Der Hovanesian and Dean Foust, with John Cady (11/13/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Thursday, November 12, 2009
Foreclosures / Short Sales / REO's Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Low Prices Draw Investors Back to Market
Real estate investors are moving back into the market, according to a new survey from Move.com.According to the Move.com survey, 12.1 percent of home buyers today plan to buy a home as an investment property, compared to 5.6 percent in March 2009.
The survey found that 15.8 percent of those interested in investment property were men and 8.1 percent were women and 52.6 percent of the investment buyers were between ages 35 to 49.Of the 25.3 percent of buyers who are focusing on foreclosure properties, 42 percent regard the purchase they are considering an investment and don’t plan to live in the property themselves; 13.2 percent plan to rent out the property; 11.3 percent are going to fix up the property and resell it; and 17.4 percent plan to house a family member until the property can be sold profitably.
Of the 9.8 percent of buyers who say that they plan to purchase and live in a property in the next two years, 5.4 percent plan to purchase in the next 12 months; 48.3 percent are first-time buyers; 52.8 percent are women, and 44.1 percent are men.
Buyers of investment and personal property say they are motivated by these factors:
Prices are as low as they will go, 23.6 percent
Foreclosure prices are a bargain, 18.7 percent
Great selection of homes for sale in their target community, 21.2 percent
Concerned interest rates will rise, 14.2 percentSource: Move.com (11/11/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Low Prices Draw Investors Back to Market
Real estate investors are moving back into the market, according to a new survey from Move.com.According to the Move.com survey, 12.1 percent of home buyers today plan to buy a home as an investment property, compared to 5.6 percent in March 2009.
The survey found that 15.8 percent of those interested in investment property were men and 8.1 percent were women and 52.6 percent of the investment buyers were between ages 35 to 49.Of the 25.3 percent of buyers who are focusing on foreclosure properties, 42 percent regard the purchase they are considering an investment and don’t plan to live in the property themselves; 13.2 percent plan to rent out the property; 11.3 percent are going to fix up the property and resell it; and 17.4 percent plan to house a family member until the property can be sold profitably.
Of the 9.8 percent of buyers who say that they plan to purchase and live in a property in the next two years, 5.4 percent plan to purchase in the next 12 months; 48.3 percent are first-time buyers; 52.8 percent are women, and 44.1 percent are men.
Buyers of investment and personal property say they are motivated by these factors:
Prices are as low as they will go, 23.6 percent
Foreclosure prices are a bargain, 18.7 percent
Great selection of homes for sale in their target community, 21.2 percent
Concerned interest rates will rise, 14.2 percentSource: Move.com (11/11/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Monday, November 9, 2009
Builders Coming Back To Market / Foreclosure / Short Sales / REO's Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Builders on the Prowl for Property
Home builders who sold or walked away from properties at the height of the housing meltdown are back in the market for choice parcels to develop in places like Las Vegas, Southern California, and Orlando, Fla."In the past, (builders) had really been the ones that had been feeding the market and selling lots to investors," says Tom Dallape, a principal at The Hoffman Co., a land brokerage firm based in Irvine, Calif.
"Now all of a sudden they are rushing back in."Among builders buying aggressively are Ryland Group Inc. and Meritage Homes Corp. Pulte Homes Inc., which acquired Centex this year, is working off that builder’s inventory.
Analysts observing the market point out that these purchases could be regrettable. "There is certainly some risk that if the market tails off again or we start to see cancellations pick up, some of those deals that previously penciled may not pencil anymore," says Megan McGrath, an analyst with Barclays Capital.
Source: Associated Press, Alex Veiga (11/06/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Builders on the Prowl for Property
Home builders who sold or walked away from properties at the height of the housing meltdown are back in the market for choice parcels to develop in places like Las Vegas, Southern California, and Orlando, Fla."In the past, (builders) had really been the ones that had been feeding the market and selling lots to investors," says Tom Dallape, a principal at The Hoffman Co., a land brokerage firm based in Irvine, Calif.
"Now all of a sudden they are rushing back in."Among builders buying aggressively are Ryland Group Inc. and Meritage Homes Corp. Pulte Homes Inc., which acquired Centex this year, is working off that builder’s inventory.
Analysts observing the market point out that these purchases could be regrettable. "There is certainly some risk that if the market tails off again or we start to see cancellations pick up, some of those deals that previously penciled may not pencil anymore," says Megan McGrath, an analyst with Barclays Capital.
Source: Associated Press, Alex Veiga (11/06/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
HUD Foreclosure / Short Sale / REO's Las Vegas Nevada
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
pH 208 390 0737
------------------------------
HUD Foreclosure Property Las Vegas :
Call me about best opportunity to own investment property in Las Vegas.
Above condo :
2 BR, 2 Bath
959 sq ft
$ 43 200
click below for complete HUD Las Vegas foreclosure list :
http://www.buylvland.com/HUD_Foreclosure_Homes/page_2299293.html
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Saturday, November 7, 2009
Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Obama Signs Extended Tax Credit into Law
Expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010.The legislation, which is part of a larger bill that also extends unemployment benefits, was signed into law by President Obama today.
More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years. Income limits for eligible home buyers were also expanded to $125,000 for single buyers and $225,000 for couples, up from $75,000 for individuals and $150,000 for couples. Qualifying home prices are capped at $800,000. NAR's Government Affairs Division has compiled facts on the changes made to the current tax credit.
NAR members sent more than 500,000 letters to leaders in Congress and made nearly 13,000 telephone calls to Senate offices last weekend to encourage support. So far this year, REALTORS® have spent nearly $14 million lobbying Congress, according to federal campaign finance records compiled by the Center for Responsive Politics. Sen. Johnny Isakson, a Georgia Republican and a former member of NAR, was key in extending the credit, as well as pushing it through initially.
Other prominent boosters include the National Association of Homebuilders and the Mortgage Bankers Association.Listen to NAR President Charles McMillan's podcast announcement.NAR economists estimate that approximately 2 million people will take advantage of the tax credit this year.
Sources: NAR and The Associated Press, Julie Hirschfeld Davis (11/06/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Obama Signs Extended Tax Credit into Law
Expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010.The legislation, which is part of a larger bill that also extends unemployment benefits, was signed into law by President Obama today.
More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years. Income limits for eligible home buyers were also expanded to $125,000 for single buyers and $225,000 for couples, up from $75,000 for individuals and $150,000 for couples. Qualifying home prices are capped at $800,000. NAR's Government Affairs Division has compiled facts on the changes made to the current tax credit.
NAR members sent more than 500,000 letters to leaders in Congress and made nearly 13,000 telephone calls to Senate offices last weekend to encourage support. So far this year, REALTORS® have spent nearly $14 million lobbying Congress, according to federal campaign finance records compiled by the Center for Responsive Politics. Sen. Johnny Isakson, a Georgia Republican and a former member of NAR, was key in extending the credit, as well as pushing it through initially.
Other prominent boosters include the National Association of Homebuilders and the Mortgage Bankers Association.Listen to NAR President Charles McMillan's podcast announcement.NAR economists estimate that approximately 2 million people will take advantage of the tax credit this year.
Sources: NAR and The Associated Press, Julie Hirschfeld Davis (11/06/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Friday, November 6, 2009
Homebuyers Tax Credit / Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Both Houses OK Tax Credit Extension, Expansion
The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they've lived in their home for five of the past eight years. Home prices are capped at $800,000. The legislation in both houses was included in a bill to extend unemployment benefits and is expected to be signed by President Obama shortly.
“REALTORS® appreciate the swift action by Congress to extend the home buyer tax credit and expand it to some current homeowners,” says NAR President Charles McMillan. “As the leading advocate of housing and real estate issues, we urge President Obama to sign this legislation into law quickly to keep the momentum going in the fragile recovery of the nation’s housing market.”Under the bill, income limits are expanded to $125,000 for individuals and $225,000 for joint filers.
Individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 qualify for reduced credits.Households who have binding contracts in place by April 30 will be allowed an additional 60 days to complete their transaction. The deadline for members of the military serving out the U.S. for at least 90 days between Jan. 1, 2009, and May 1, 2010, has been extended one year.
Taxpayers can claim the credit on their federal income tax returns. If the credit exceeds their tax bill, the government will issue a check. Taxpayers will be able to claim the credit on their 2009 income tax return for purchases made in 2010.
Compare the current tax credit with the newly passed version on
REALTOR.org. More on the credit is available from NAR. Source: The Associated Press (11/5/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Both Houses OK Tax Credit Extension, Expansion
The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they've lived in their home for five of the past eight years. Home prices are capped at $800,000. The legislation in both houses was included in a bill to extend unemployment benefits and is expected to be signed by President Obama shortly.
“REALTORS® appreciate the swift action by Congress to extend the home buyer tax credit and expand it to some current homeowners,” says NAR President Charles McMillan. “As the leading advocate of housing and real estate issues, we urge President Obama to sign this legislation into law quickly to keep the momentum going in the fragile recovery of the nation’s housing market.”Under the bill, income limits are expanded to $125,000 for individuals and $225,000 for joint filers.
Individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 qualify for reduced credits.Households who have binding contracts in place by April 30 will be allowed an additional 60 days to complete their transaction. The deadline for members of the military serving out the U.S. for at least 90 days between Jan. 1, 2009, and May 1, 2010, has been extended one year.
Taxpayers can claim the credit on their federal income tax returns. If the credit exceeds their tax bill, the government will issue a check. Taxpayers will be able to claim the credit on their 2009 income tax return for purchases made in 2010.
Compare the current tax credit with the newly passed version on
REALTOR.org. More on the credit is available from NAR. Source: The Associated Press (11/5/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Wednesday, November 4, 2009
HUD Auction Homes / Foreclosure / Short Sales / REO's Teton County Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Stress in High-Foreclosure States
pH 208 390 0737
------------------------------
Stress in High-Foreclosure States
People in many parts of the country continue to be stressed over the lousy economy and foreclosures, according to the Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties.The hardest hit counties are in the Industrial Midwest, the Southwest, and the Southeast. In the North, where the economy wasn’t hit as hard by the housing bust, economic stress levels are lower."
Housing still is at the epicenter of this crisis," said Sean Snaith, an economist at the University of Central Florida.The highest stress levels were in states that had the worst housing meltdown:
Nevada, 21.95
Michigan, 17.75
California, 16.2
Florida, 15.4
Arizona, 14.26
States with the lowest stress scores were:
North Dakota, 4.07
South Dakota, 5.01
Nebraska, 5.71
Montana, 6.6
Wyoming, 6.9
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North Dakota, 4.07
South Dakota, 5.01
Nebraska, 5.71
Montana, 6.6
Wyoming, 6.9
-----------------------------
Call me for details on bidding online auction
for HUD foreclosed homes in Las Vegas
go to : http://www.buylvland.com/ and begin your HUD property search.
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Monday, November 2, 2009
Short Sale Specialist / Foreclosure / REO's Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Default Mortgage? Professor Says Get Out
“Fear, shame, and guilt” are preventing Americans from walking away from homes when their mortgages are underwater, even when walking away is the best decision, says a University of Arizona professor of law who studied the issue and wrote a paper on managing the crisis.“Home owners should be walking away in droves,” writes Brent T. White, an associate professor of law at the University of Arizona.
“The real mystery is not – as media coverage has suggested – why large numbers of home owners are walking away, but why, given the percentage of underwater mortgages, more home owners are not,” the professor says.White proposes “leveling the playing field” between bank and borrower by amending the Fair Credit Reporting Act to prevent lenders from reporting mortgage defaults to credit bureaus.
“It is time to put to rest the assumption that a borrower who exercises the option to default is somehow immoral or irresponsible,” White writes.
Source: The Wall Street Journal, James R. Hagerty (10/30/2009)
call me for short sale advise pH 208 390 0737
" Proven Short Sale Success "
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Default Mortgage? Professor Says Get Out
“Fear, shame, and guilt” are preventing Americans from walking away from homes when their mortgages are underwater, even when walking away is the best decision, says a University of Arizona professor of law who studied the issue and wrote a paper on managing the crisis.“Home owners should be walking away in droves,” writes Brent T. White, an associate professor of law at the University of Arizona.
“The real mystery is not – as media coverage has suggested – why large numbers of home owners are walking away, but why, given the percentage of underwater mortgages, more home owners are not,” the professor says.White proposes “leveling the playing field” between bank and borrower by amending the Fair Credit Reporting Act to prevent lenders from reporting mortgage defaults to credit bureaus.
“It is time to put to rest the assumption that a borrower who exercises the option to default is somehow immoral or irresponsible,” White writes.
Source: The Wall Street Journal, James R. Hagerty (10/30/2009)
call me for short sale advise pH 208 390 0737
" Proven Short Sale Success "
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Foreclosure / Short Sale / REO's Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
BANK APPROVED SHORT SALE PRICE
pH 208 390 0737
------------------------------
BANK APPROVED SHORT SALE PRICE
LAST OF INVENTORY
$195 000
1791 sq ft
3BR, 2 Bath
Custom Home
Call me for details pH 208 390 0737
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
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