Carl Keating and in studio guest Cale Woods of Keller Williams Realty look at the potential for the foreclosure market becoming an asset to the real estate industries recovery. We also take another quick look at the to-date effects of the Stimulus Package elements and the FTC crackdown on the “New Breed” of predatory lender activity in the marketplace.
Home » Podcast [TMR Live!] » TMR Live 91 | Foreclosures Our Biggest Asset and We Are Still Bailing
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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 91 | Foreclosures Our Biggest Asset and We Are Still Bailing
Published on Wed, 8/04/09 | Podcast [TMR Live!]
Tags: Banking Sector, Foreclosure, Hope Now Alliance, Keller Williams Realty, Loan Modification, Obama, Refinancing, REO, Stimulus Package
The foreclosure inventory is really stirring up the prices in several markets. In SE Michigan I’m seeing multiple bid situations almost daily right now too! You are spot on with the concept that they may actually prove to be an asset to the market in general since people are over-bidding then the area prices will be positively effected instead of the other way around! Who knew?
April 29th, 2009 at 4:03 pm
I look forward to seeing something like this happen in our CA market!
April 29th, 2009 at 4:04 pm