Thursday, March 11th | The Monopoly Report
23:04

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.

 
icon for podpress  The Foreclosure Phantom and Rust is the New Green: Play Now | Play in Popup | Download (501)

More posts »

First Time Home Buyer Tax Credit At A Glance (0)

Published on Sat, 11/04/09 | First Time Buyers, Mortgage & Finance

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

First Time Home Buyer Tax Credit Explained Video (0)

Published on Sat, 11/04/09 | Video

In this video the Chief Tax Economist for the The National Association of Home Builders (NAHB) answers some of the most frequently asked questions (FAQs) regarding the newly amended First Time Buyer Tax Credit and the guidelines for qualifying.

Display 0 | 1 | 3 | 5 Stories

First Time Home Buyer Tax Credit At A Glance

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
Display 0 | 1 | 3 | 5 Stories

New Details on Making Home Affordable Program Announced

The Obama Administration today announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program, including an effort to achieve greater affordability for homeowners by lowering payments on their second mortgages as well as a set of measures to help underwater borrowers stay in their homes.

President Obama On Working Through The Mortgage Crisis

President Obama meets with the Housing Refinance Committee and a group of American home owners to discuss the mortgage crisis. He covers the initial causes of the crisis and the targeted goals of the administration’s programs designed to help a reported 7 to 9 million people who are eligible under the various program guidelines.

Government Crack Down On Foreclosure And Loan Modification Fraud

As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times.

Display 0 | 1 | 3 | 5 Stories