Ricardo Cortez's (rcortez) Blog

Great Information!I wanted to share an excellent article about the new TAX CREDIT for home buyers written by columnist Kenneth Harney (copyright)  Anybody who's been sitting on the sidelines hesitant to jump into real estate until conditions settle  down should know these dates: April 9, 2008, th...

Short Sale is fast replacing 'Sub-prime' as the word of the year for 2008 so, what exactly is a short sale in Real Estate? a very simple explanation, ... Selling short , or a 'short sale' means offering (and a lender accepting) lesser amount than money owed to the bank. The good: salvage credit (...

Today on Wall Street, "Investors dumped the stocks of Fannie Mae and Freddie Mac on Monday after Barron's reported the increasing likelihood of a U.S. Treasury bailout that would approach nationalization of the two housing finance titans."  Freddie Mac and Fannie Mae have recently indicated that ...

  The White House temporarily suspended "flipping rule that imposes a 90-day waiting period before foreclosed homes can be sold in order for these buyers to receive FHA (Federal Housing Administration) insured loans. According to the release, ... "For one year, the Federal Housing Administration ...