Sharing my thoughts and experiences as an active young professional, real estate agent and investor in today's unique market.
RECENT BLOG POSTS
Introduction: President Obama committed $75 billion on Wednesday to tackle the foreclosure crisis in an effort to prevent up to 9 million Americans from losing their homes. The Treasury Department also said it would double the size of its lifeline to Fannie Mae and Freddie Mac. The government, ...
For those of you that don't know, I've been asked on several different occasions whether or not I had an investor that I work with that would buy the home from them, then lease it back to them. I've read about all I can on this topic and am still not sure. Half of the articles say it's a great ...
Please visit www.NickDailey.com for more information on the Northern Kentucky real estate market. After a successful short sale has been negotiated, there is a potential liability out there that sellers need to be aware of. Lenders, or even the PMI company, may come after the owner for a deficie...
The deeper I get into figuring out short sales, and how to sucessfully get them closed, the more I'm suprised how many people (including the "experts" that teach at our local board of Realtors) are unaware of how PMI plays into the equation. There are 3 questions you need to ask your loss mitiga...
For more information about real estate in the Northern Kentucky market, including full MLS searches w/out registering, please visit www.NickDailey.com. I just read an interesting post on this topic, and thought I'd share some of it with you. It details some of the things homeowners can do to hel...
A short sale is an agreement between a lender and a borrower to settle for less than is what owed on the loan. Obviously, many things need to be factored in before this decision can be made. If you are 3 months or more behind in your mortgage payments, chances are the company that services your...
Pre-foreclosure is the period between when the foreclosing lender files the Lis Pendens or Notice of Default (Depending on whether or not your state is judicial. In Kentucky they file a Lis Pendens.), and the time of the actual Sheriff Sale. This is the time when you should be working REALLY ha...
When facing foreclosure, it's important to know what options are available to you as a homeowner. Normally, the clients that I deal with aren't in a state of mind that is conducive with making a rational decision very easily. All of them are stressed out, that should go without saying. This ha...
While I plan on having many posts here in the future, please also see my updated blog at www.nickdailey.wordpress.com or my RE/MAX site www.NickDailey.com. You'll be able to find much more information as it relates to real estate and the Northern Kentucky market. Thanks!