September 27th, 2009 editor
For example, a real estate purchase agreement. It binds the buyer and the seller with the conditions they agreed upon. It is always better to have it on paper than by relying on words from the lips of both sides. There is no perfect buyer or seller or contract. Some of the terms and conditions agreed upon in the beginning can be replaced or removed or include new parts to the purchase until the buyer or the seller is contented. It is advisable to have your attorney or a real estate broker to help you around with your sales agreement.
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August 24th, 2009 editor
When you get married, you will have a contract that states the date, the place, the priest and the name of your spouse. When you we’re born, you have your parents’ names, the place of birth, date of birth, and your name of course, your gender and other information that are sometimes thought of unimportant. Anyone who is born or got married would want the said events to be on paper. Your birth certificate officially states you, your parents, place of birth, etc. and your marriage contract verifies that you are married with this person. It’s just the same with when you purchase a property.
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July 11th, 2009 B. Slade
People have been waiting for a sign of recovery so they could sell their homes and with all the waiting comes a lot of false hope. This time round, industry experts are seeing that home prices have stabilized to their lowest levels, rising ever so slightly enough to get people selling. They are still quite low for not much improvement has been seen in the industry as a whole but they have improved a lot compared to the price drops they have seen during the developing recession. People have also been taking notice of the low mortgage rates, taking advantage, they refinance their mortgages in hopes of staving off foreclosure but be forewarned that the new predictions for the end of this crisis are placing it at 2012, a long way off so be sure you keep updated with current economic data to make wise decisions on your real estate.
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June 11th, 2009 B. Slade
Tis’ the time when fraudsters take advantage of people who are capable of spending, using the identity of others to leach out as much cash they can before abandoning talks resulting in a case of fraud that seems to be on the rise as people get more and more desperate for more cash. Jobs are being lost and the very people who have lost jobs in the housing market who know the system yet have not been able to ride the storm through are turning into crooks. The FBI has already caught and persecuted many of them yet for every one caught, several others get away and people are reeling from their activities who end up not knowing who to trust anymore. Caution is advised when engaging in shady deals for if they sound too good to be true, they probably are.
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May 9th, 2009 B. Slade
Green power is growing trend being sen on many fronts of the economy, from small homes to bigger companies who are opting to take advantage of the perks being given by the government for such who adopt them early. This is in support of the new Green Revolution which is aimed to lower our dependence on oil and reduce the pollution that comes from its use. From solar power, heat and wind turbines, they all promise free and clean energy for the home and business as we strive to make the earth last a bit longer for our children and many more generations. Read the rest of this entry »
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April 9th, 2009 B. Slade
The government has released billions into the housing industry and the pockets of homeowners to finance their mortgages and have even offered rate cuts and tax discounts which seems to work, for sometime that is. Till they fail to pay their mortgages and once again face defaulting their mortgages as the cash run’s out. Most of the measures the government has been pursuing are band-aid measures aimed to help people keep their homes yet foreclosures are still on the rise. Read the rest of this entry »
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March 9th, 2009 B. Slade
There have been a rash of recent high-profile cases on the headlines, one of which is the “Metro Dream Home Program” which was found to have defrauded over a thousand people over several years worth $70 million dollars. The four people convicted of the fraudulent activities took on investors who gave in their hard-earned cash in return for investment opportunities and homes which their investments were to finance. They instead went into their pockets, fueling their lavish lifestyles, covering their tracks with donations to charity that seemed to throw off suspicions during the prime of their activities. Read the rest of this entry »
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February 25th, 2009 editor
One of the most looked out for bargains on real estate are short sales. When a piece of property is being sold for less than the amount the mortgage owner owes for the loan secured on the property, then that is a short sale. A short sale also means that who ever is selling the property, whether a bank or mortgage owner, the buyer gets a discount on the loan balance.
Why are short sales done? Short sales a usually done to prevent a home from foreclosing – and banks especially, prefer losses to a short sale compared to the massive losses they would suffer if a property was to be foreclosed. One of the things you must check before committing to a short sale would be to check the condition of the house, as well as the reputation of the real estate agent selling the property.
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January 30th, 2009 B. Slade
Many people hail the bailout as a welcome sight but experts are warning that it serves to condone the activities of those who were responsible for the whole mess in the first place. Companies that offered zero-collateralHousing loans to homeowners made millions but crashed at the slightest instability of the financial market. These same firms are the ones who got billion dollar bailout funds and are again set to get more in what has been called the bailout of the bailouts. These events have some conspiracy theorists on their heels as they try to find the links that connects all the dots.
The very companies who were responsible for the mess should have been penalized and the assets of their top executives who master-minded the market products that required no collateral sent to jail. As homeowners cry out for help, they should be afraid, very afraid at the back-lash of such funds should they fail to attain their goal of pumping some life into the whole economy.
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December 30th, 2008 editor
Everybody knew and heard of the ambitious developments projects in Dubai UAE and in China where governments spent billions to promote and construct some of the biggest man-made structures on earth. They even went on to defy mother nature by building their own islands out of the sea, as a play ground for the ultra-rich and their whims for greatness. All of them have now fallen victim to the recession as the regular Joe, with prices going rock-bottom and ambitious plans grinding to a halt.
All these mega-development projects suffered one fault, too much hype. The overspending is based on ill thinking that the money will never run out. Imagine, Beijing’s famed Bird’s Nest Stadium, it’s gonna be converted partly into a mall. After billions of dollars of investment to rush it for one single event. Poor planning you might say or victim of the global slowdown, you be the judge.
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