Sal Gutierrez's (sal_g) Blog

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Mortgage and Lending - liberty one
RECENT BLOG POSTS
We do a lot of FHA loans and this is critical to know before you make offersOne of the most popular type of financing used here in Greater Phoenix, Glendale, Peoria, even Scottsdale is FHA financing. FHA financing here in the valley has really picked up steam as of late with the rush to take adva...
11/20/2008
With all the REO properties on the market, there is little reason to deal with short salesShort sale specialists will tell you that you are missing the boat if you are not involved with these transactions in the greater Phoenix real estate market. I completely disagree!!  Here are 7 Good Reasons ...
11/14/2008
I hope all builders, suppliers, laborers work together to make homes more affordable.Increasing competition, tightening profit margin, access to consumer lending has forced new home builders , smaller Scottsdale area builders, to the larger new York stock exchange public builders to rethink and t...
11/05/2008
The White House temporarily suspends "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 wil...
11/03/2008
A government report says U.S. home prices fell a record 5.9 percent in August from the same month last year. The Federal Housing Finance Agency also says prices, on a seasonally adjusted basis, fell 0.6 percent from July to August. The index is down 6.5 percent from its peak in April of last year...
10/23/2008
I have been hearing more and more stories of buyers approaching sellers with offers that include "Cash-Back". Why is this white collar crime and mortgage fraud making a re-occurrence? - Buyers are taking advantage of 'desperate' sellers hoping they will cross the line to do anything to sell a hom...
10/22/2008
-- Americans are more reliant on debt then ever before. The portion of disposable income that U.S. families devote to debt hit an all-time high in the second half of last year, topping 14 percent, figures from the Federal Reserve show. When other fixed obligations -- like car lease payments and h...
10/12/2008
On of the most puzzling , confusing and secretive little corners of the financial world is mortgage rates ; and how you can get the 'best' available rate for your personal credit and financial situation. Mortgage brokers perform a very important function. However, when it comes to what rate you ...
10/12/2008
Is America's long era of easy credit over? Experts say that even when the current credit crunch eases, the nation may finally have maxed out its reliance on borrowed cash. Today's crisis is a warning sign, they say, that consumers could be facing long-term adjustments in the way they finance thei...
10/12/2008
Here's what you should do 1st. Contact your lender to make them aware of the pending problem. You may be surprised of their understanding and willingness to work with you to keep you in your home prior to a bank foreclosure. If you contact a Realtor. Make sure you work with a foreclosure or short...
10/04/2008
Rainer
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