Carl Keating and in studio guest Taleya Kelly discuss the recent Wall Street rally led by the financial sector and what it means for the real estate sector. This episode also offers a detailed look at the seemingly ever-tightening qualifications for Fannie Mae and Freddie Mac mortgage programs, as well as details on how best to appeal your property taxes.
Home » Podcast [TMR Live!] » TMR Live 88 | Wall Street Shows It’s Hand and Kissing Fannie Goodbye
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Functional Obsolescence
Functional obsolescence is a term when used in real estate to indicate a feature of a home that is not longer useful or desirable today.
Homes with 3 bedrooms and only one bath were popular in the 50s and 60s, but now are functionally obsolete; buyers want two bathrooms. Homes with detached, 1 or 1.5 [...]
22:13
Short Sale Defined:
In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor.
21:30
TMR Live 92 | The Foreclosure Phantom and Rust is the New Green
Carl Keating and in studio guest Sherry Denton of Keller Williams Realty discuss the possibility of a rumored 600,000 phantom foreclosure property more than doubling the current US REO levels. We then move our focus to the mid-west and take a look at the “Green” initiatives underway as part of the rust-belt’s urban recovery plans.
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TMR Live 88 | Wall Street Shows It’s Hand and Kissing Fannie Goodbye
Published on Wed, 11/03/09 | Podcast [TMR Live!]
Tags: Banking Sector, Credit, Fannie Mae, Feddie Mac, FICO Score, Mortgage & Finance, Property Taxes
Fannie & Freddie are REALLY narrowing their scope. I think they may be shooting themselves in the foot.
April 29th, 2009 at 4:00 pm