This episode we take a look at the stimulus package effects to-date and delve deeper into the circumstances that may be holding the various programs back. We also cover some of the specific aspects of the Making Home Affordable Program including qualification requirements and the difference between the refinancing and loan modification options.
Home » Podcast [TMR Live!] » TMR Live 89 | Is Home Affordable Again and Digging Our Way Out
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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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Banking Sector
Credit
Credit Score
Distressed Sale
DOJ
Economy
Fannie Mae
Feddie Mac
FICO Score
First Time Buyer Tax Credit
Foreclosure
FTC
Green Building
Hope Now Alliance
Housing Opportunity Index
How To
HUD
Keller Williams Realty
Lending
Loan Modification
Making Home Affordable
Michigan
Mid-West
Mortgage
Mortgage & Finance
NAR
Obama
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Prime Mortgages
Property Taxes
Refinancing
REO
Rust-Belt
Short Sale
Stimulus Package
Sub-Prime Mortgages
U.S. Housing Industry
TMR Live 89 | Is Home Affordable Again and Digging Our Way Out
Published on Wed, 25/03/09 | Podcast [TMR Live!]
Thank you! We will be adding a great deal of content in the coming weeks! Please let us know what you think!
April 29th, 2009 at 9:21 am
I agree that the White House is trying to do some VERY different things. I’m just not sure how effective they will be.
April 29th, 2009 at 3:56 pm