Mike DelVero's (mikedelvero) Blog

Mortgage and Lending - Liberty One Lending
Here's what is typically required for either sellers or buyers who hope to get their Short Sale offer accepted. (a streamlined list & explanation) for your Short Sale process Call the lender and speak with someone in the short sale (or appropriate) department They will generally want a written re...
Here are some of the names of publicly traded Homebuilder stocks and their New York Stock Exchange traded symbols. Pulte Homes (PHM), KB Homes (KBH), Lennar (LEN) , Centex (CTX), Beazer (BZH), DR Horton (DHI), Toll Brothers (TOL) Further, there are some Real Estate Market ‘Related' stocks that ar...
Alan Greenspan and lack of goverment regulation are the culpritsRecently, the National Association of Realtors (NAR) reported, ... A record numbers of foreclosures (up 25% year over yera) helped drive down Phoenix AZ real estate more then 30% It does not matter if you live . Whether you are rich,...
It is time to accept the fact that a bailout will not work and we need to let the market work itself out  The question on everyone's mind nationally is "will the plan outlined in the Rescue legislation work" to help the struggling economy and support the ailing real estate market? I believe that ...
Great Info for you clients about Local DemographicsFuture of Real Estate Marketing.com , recently brought attention to , as he describes, a "pretty cool" new site called PolicyMap.com ; the site offers: over 4,000 indicators related to demographics, real estate, crime, health, schools, housing af...
A quick post for my fellow real estate professionals in Arizona; as well as home buyers and home sellers who may be in escrow and should be aware of the AAR (AZ Association of Realtors) legal opinion on... ‘Appraisal Contingency' and how it affects buyer & seller rights, time frames and earnest m...
World stocks sank Wednesday after poor U.S. retail sales date sharpened concerns that global efforts to restore confidence in the financial system will not be enough to stave off a deep recession. the Dow Jones index of leading U.S. shares was down 302.58 points, or 3.3 percent, at 9,008.41, afte...
Mortgage application volume plummeted 23 percent on a seasonally adjusted basis for the week ending September 26, the MBA reported today. On an unadjusted basis, the home loan application index was off 23.4 percent compared to the prior week and 28.4 percent compared to the same period a year ear...
Super Jumbo mortgage lender, announced yesterday it was cutting 29 positions in its sales and operations staff as it extended its exchange offer today for the eighth time. The majority of the job losses came from its headquarters in Santa Fe, New Mexico, though individuals throughout the country ...
The Bush Administration announced the launch of the so-called “Hope for Homeowners” program today aimed at helping more at-risk borrowers stay in their homes. The program, initially approved back in July, will allow borrowers struggling to keep up with monthly mortgage payments refinance into sus...

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