Real Estate Investment

Interest by real estate investors cooling? - Dec. 7, 2005 Web CNN/Money Home News Markets Technology Commentary Personal Finance Autos Real Estate News Jobs & Economy SAVE | EMAIL | PRINT | SUBSCRIBE TO MONEY | Real estate investors bailing out? Report: Speculators could hasten the real estate cool-off by putting properties on the market. December 7, 2005: 1:12 PM EST Video More video Appliances, materials, even landscaping is being stolen from U.S. home construction sites. CNN's Randi Kaye reports. (November 30) Play video NEW YORK (CNNMoney.com) - Recent economic data may point to a cooling housing market and some investors are already dashing for the exits, according to a news report published Wednesday. Speaking with real estate brokers and analysts from such hot real estate markets as Las Vegas, Miami and Washington, D.C., The Wall Street Journal reported that fewer people are buying property as an investment vehicle. A researcher at Arizona State University told the paper that in the hot market of Phoenix, as many as 30 percent of the properties for sale on the market right now are owned by investors, while Sandra Geary, a real estate broker in Sonoma County in California said that her sales to investors have dipped by over 75 percent. "Now that the market is slowing down, it's scaring investors away," Geary told the Journal . Citing data from the mortgage analysis firm LoanPerformance, the paper reported that in some regions such as Redding, Calif., investors made up 22.01 percent of the purchases made through September. Recent industry reports have hinted at a slowdown in the real estate market. On Tuesday, the National Association of Realtors said that pending home sales in October dipped by 3.2 percent, while the Federal Reserve reported last week in its "beige book" summary of economic conditions that some housing markets have cooled. "Generally, residential real estate market activity remained high, but many districts reported a slowing or cooling of activity," the Fed said in its report. Even the latest data from the agency which oversees the mortgage firms Fannie Mae and Freddie Mac, reported slower growth in home prices as the average price for a U.S. home rose 12.2 percent for the 12 months through Sept. 30 from a year earlier, compared to 14.2 percent in the period ending June 30. Even interest in condos has waned in regions such as Washington D.C., as cancellation rates have been rising, the National Association of Home Builders told the paper. "It's largely because of investors" pulling back, Gopal Ahluwalia, the organization's staff vice president for research told the Journal . If demand by investors weakens, that could hasten any slowdown in the market, David Berson, chief economist at Fannie Mae told the Journal . According to his estimates, home sales will fall by 10.4 percent over the next two years due to a drop in the number of investors and the number of second home purchases. _______________________ "Take this house and shove it" -- Click here . The Hot List Most profitable renovations How risky is your 401(k)? Big new tax credits for hybrid cars More Economy Risky business in 2006? Could be Home sales fall Jobless claims edged higher last week contact us | magazine customer service | site map | glossary | RSS | press room OTHER NEWS: CNN | SI | Fortune | Business2.0 = Money subscribers = Premium content -- * - Time reflects local markets trading time. † - Intraday data is at least 15-minutes delayed. Disclaimer © 2005 Cable News Network LP, LLLP. A Time Warner Company ALL RIGHTS RESERVED. Terms under which this service is provided to you. privacy policy Reprints of site stories are available. Top Stories Most overvalued housing markets Risks to the economy in 2006 Which was the worst ad of all in 2005? After the ride, a rest Hilton brands reunite after 40 years YOUR E-MAIL ALERTS Follow the news that matters to you. Create your own alert to be notified on topics you're interested in. Or, visit Popular Alerts for suggestions. Manage alerts | What is this?

Foreclosure Property Below Market

Buying a Foreclosure Property Below Market Value: Five Tips from the Pros Select USA State -- Alaska Alabama Arkansas Arizona California Colorado Connecticut Dist Columbia Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming Mortgage Broker Data -- Develop Loan Leads Loan Products Property Services Insurance Services International Lending Mortgage News News Miscellaneous Government Web Links Publications & Magazines Buying a Foreclosure Property Below Market Va Loans! | Advertise | FREE LINK! | Forum | Search | Help | EMail | News | Home    Home Loans | Media | Brokers | Mortgage Bank | Employment | Real Estate | Legal | Finance | Banking | Technology    Loan Officers   MORTGAGE LOAN OFFICER/BRO   ACCOUNT EXECUTIVES   Loan Officer   LOAN OFFICERS - INDEPENDE   I am seeking for a mort   Financial Services Dire   I am looking for a comp   Commercial Realty leasi   I am looking for contra   Liberty American Mortgage   New Account Executive Boo   CitiFirst Mortgage Servic   US Bank Introduces ``Fees   American Residential Fund   INDYMAC BANK ANNOUNCES N   What Does it Take to be a   Commercial Capital Bancor   Consortium Announces Laun   Meritage Homes Corporatio   Its All About PeopleAll   ABN AMRO Mortgage Group O   AMERIQUEST MORTGAGE LAUNC Visit the Veteran Loan Center to apply for a VA Mortgage or a VA Refinance Buying a Foreclosure Property Below Market Value: Five Tips from the Pros Buying a Foreclosure Property Below Market Value: Five Tips from the Pros House hunting can be a very daunting experience, especially in today s real estate market. Both investors and home buyers have been priced out of the market by escalating costs, and good real estate deals are increasingly difficult to find. But there are bargains out there, for people who know where to look. For people willing to do some homework, the foreclosure market offers some of the best opportunities in real estate today, explains James J. Saccacio, chief executive officer at RealtyTrac, the leading online foreclosure marketplace. Web-based services such as RealtyTrac give consumers access to foreclosure and pre-foreclosure information that was previously available only to professional real estate brokers and investors. Today, homebuyers can use these services to identify and research potential home purchases, as well as to find the tools and professional resources they need to help them close the deal. With interest rates ticking up and ARMs adjusting upward, experts predict an increase in the number of foreclosure properties on the market. RealtyTrac, which provides all the foreclosure data for both MSN House and Home and Yahoo! Real Estate, has already compiled a list of over 550,000 foreclosure properties across the country. Foreclosure properties can be a terrific investment, or give home buyers a much more affordable option than traditional properties, notes Saccacio. But they re not a way to get rich quick, and a foreclosure purchase needs to be approached in an educated, intelligent manner. Saccacio offers five tips to help you close a deal on a foreclosure property: 1. Learn about the different types of foreclosure properties, and the foreclosure process. There are three basic types of foreclosure properties, representing different stages in the foreclosure process: notice-of-default (NOD) and notice of trustee sale (NTS), which are both pre-foreclosure properties; and real-estate-owned (REO), a foreclosure property which has been re-purchased by the bank. For most consumers, buying a pre-foreclosure property from a private homeowner is the best option. It s important that both the buyer and the seller see the situation as a win-win situation, in order to ensure a smooth process. In this case, the seller is able to get out from under a mortgage without destroying their credit rating, the lender is saved the time and expense of foreclosing on the property, and the buyer gets a below-market price on a home. Foreclosure auction sales are typically the domain of the professional investor. These properties are formally in default, and sold to the highest bidder at an auction. Buyers are required to be physically present at the auction, and must pay 100% of the sale price in cash, on the spot. Though foreclosure auctions can offer significant savings, they are not for the feint of heart or the uninformed. Unless the buyer is already familiar with a particular property, there is usually little time to examine it. And the buyer will be competing against professional investors and sometimes even the lender at the auction. Once the lender officially reclaims a home, it becomes a real-estate-owned property (REO). While REO properties typically offer more time for evaluation and a more standard bank-managed transaction, their prices are usually very close to full retail market value. 2. Secure financing early It s important for a buyer to be pre-qualified before engaging in discussions with a seller. This ensures that the buyer is in a financial position to purchase the property, and is in the strongest possible position to negotiate. It s best to work with a lender who understands the foreclosure process, and can guide the buyer through certain steps, such as ensuring that a property is FHA-compliant. Another reason to consider pre-qualification is that not all lenders finance foreclosure properties. Having approved financing in-hand makes negotiations with both the seller and the lender easier, and may even make it possible for the buyer to simply cure the default and take over the existing loan to reduce loan processing fees. 3. Engage a real estate agent as a buyer s representative Most people hire a real estate agent to sell their home. These seller s representatives are charged with making the sale and negotiating the best deal for their clients. Buyer s representatives have the home buyer s interests at heart, and are charged with finding the right property and negotiating the best price for their clients. Picking the right real estate agent will make a buyer s life much easier. There are agents who specialize in the foreclosure market, with specific experience in REO properties. Look for an agent with foreclosure transaction experience, as well as knowledge of local, regional and state laws. But it s also important to consider the agent s knowledge of the area; their ability to close a deal; and their access to other professionals (attorneys, lenders, mortgage and title professionals) to ensure that the buyer is in good hands. 4. Do your homework Stocks offer higher potential returns for investors than traditional savings programs, but are also riskier. Similarly, purchasing foreclosure properties is somewhat more risky than buying traditional real estate properties, but offers much higher potential savings. With the right examination and due diligence, buyers can significantly reduce the risks. It makes sense to give any property under consideration a thorough examination. Here are eight steps for doing a professional-level exam. 5. Make a realistic offer Despite what you may see on late-night cable TV, investing in foreclosure properties isn t a sure fire get rich quick formula. Lenders aren t likely to give properties away, particularly in a real estate market where prices continue to rise. And homeowners in financial distress may be difficult to deal with, particularly early in the foreclosure process. The keys to a successful foreclosure property purchase are diligence and patience. As a rule of thumb, the best savings can be made at the pre-foreclosure stage, where home owners can avoid a foreclosure and lenders can save the time and cost involved in going through the process. Another critical point in the process is immediately prior to the auction date, when all parties might be most open to a last-minute solution. It s not unusual to save from 10-30% of the market value on a foreclosure property, and certain properties offer savings of 50% or even more. An educated buyer one who knows how much is owed on the property and what its market value is can usually come up with a realistic offer; one that offers significant savings, while meeting the requirements of the lender. Source: 10/06/2000 10/6/2000 410_024 Company: RealtyTrac Contact: jennifer white, jennifer@atomicpr.com Loans! | Advertise | FREE LINK! | Forum | Search | Help | EMail | News | Home   Mortgage Mag San Antonio, Texas 78255 Webmaster Email WebSite Map & Help

real estate broker, who

Real Estate - Forbes.com U.S. | EUROPE | ASIA Jump Select Section Home Investment Newsletters Polls & Discussions Premium Tools Special Reports Video & Audio Watchlist IT Research Library IT Product & Service Search Business -Manufacturing -Technology -Commerce -Services -Energy -Healthcare -Small Business Technology -E-Business -Enterprise Tech -Infoimaging -Personal Tech -Science & Medicine -Wireless Markets -Equities -Economy -Commodities -Bonds -Emerging Markets -Currencies Work -Careers -Compensation -Entrepreneurs -Management Lists -Companies --Forbes 500s --Forbes Global 500 --200 Best Small Cos. --400 Best Big Cos. --Largest Private Cos. -People --World's Richest People --100 Top Celebrities --400 Richest Americans --Best Paid CEOs -Places --Best Places Personal Finance -Estate Planning -Funds -Philanthropy -Retirement -Strategies -Taxes Lifestyle -Collecting -Health -Real Estate -Sport -Travel -Vehicles -Wine & Food Columnists Magazines -Forbes Magazine -Forbes Global -Forbes FYI -Forbes ASAP -Best of the Web -Archives -Subscriptions Tools About Us Contact Us Help Reprints/Permissions Sitemap Advertising Conferences Forbes Collection Forbes Mobile Special Advertising Search Quote HOME PAGE FOR THE WORLD'S BUSINESS LEADERS Home Special Advertising Section Paid Advertisement Article When it comes to Real Estate, Knowing Your Stuff is the Key to Success Are you looking to buy or sell a home or other piece of property? The real estate market is a difficult one, and should not be entered casually. With the right information, you can make your venture a success, but all to often lack of foresight and failure to do the proper exploration leave consumers in unfortunate situations that are difficult to rectify. An educated consumer is a happy consumer, and in no market is this truer than the property market. Before you commit, learn as much as you can – whether you’re buying or selling, you’ll never regret doing a little extra research. Real Estate Basics To begin with the basics, let’s consider a few definitions. “Real Property” is legally defined as “land and improvements permanently attached to the land.” Improvements include everything from houses and garages to in-ground swimming pools, but exclude portable items like mobile homes and tool sheds. Also included in real property are substances beneath the land, such as gas, minerals and oil. There are many types of real estate, but most consumers will encounter only two: single-family homes and commercial property. Commercial property may include spaces used for retail, office, shopping, hotels, warehouses, manufacturing facilities, apartment complexes, as well as vacant land zoned to be used for any of those purposes. Aside from specialty properties like farms and industrial sites, almost any property to be used for anything besides a single-family homes is considered commercial. Different rules govern transactions involving each kind of property, and it’s important to know what you will encounter before you get started. The use of any property is limited by zoning laws, which govern the purpose – for example, housing, retail, or industrial – for which the real estate can be used. Zoning laws also restrict the size and height of buildings, the portion of property that may be used for parking, how far buildings must be set from the street and from each other, and whether and what kind of hazardous materials can be stored there. Public easement and right of way laws, which fall into the general category of zoning, outline whether and which parts of private property must be reserved for public use, usually in the form of sidewalks, electrical lines, sewer pipes, fire hydrants and similar public goods. Laws differ from town to town, so if you are looking at multiple locations, keep track of how each municipality’s rules will affect how you can use your property. Choosing a Real Estate Professional Although some people prefer to work on their own, it is usually good to hire a licensed real estate professional if you are looking to buy or sell a house. You may choose between a real estate broker, who is independently licensed to review the entire market and show any house that suits your needs, and a real estate agent who works for a specific company and is usually restricted to showing properties in that company’s listings. Which one you choose will depend on your needs, budget, and the number of real estate companies competing in your area. If there are a large number of companies, you may do better with a broker, but if there are only a few, you can save money by using an agent. No matter what type of professional you choose, there are a few things you should consider before making your decision. How does the agent or broker intend to market your house? How successful has he been in the past, particularly with homes in your range and area? If he is an agent, what is his company’s track record? What is the time limit on the contract you will sign, and can you break it if you’re dissatisfied? Do you feel comfortable that he understands your needs and will work hard to meet them? Recall that, above all, real estate agents are salespeople, so be sure that you are confident that they are working with you as well as for their employers. A great way to narrow down choices is to check the Internet for websites that compare companies and agents in your area. You may also want to talk with friends who have recently moved about their experiences with local agents and brokers. Buying and Selling: What You Need to Know When you are in the market to buy, your individual situation will determine whether or not to hire a professional. You may find that you can do well enough finding suitable listings without the help of an agent. However, if you live in a city where good housing is scarce, you may want to engage someone to help you discern the good from the bad. Real estate agents can also be very helpful when it’s time to close the deal, sorting out what items are included with the house (for example, appliances and furnishings) and working with the seller to divide costs fairly. Although it is possible to sell your home without professional help, but this should be attempted with great caution. A real estate professional will help sort through potential buyers to find people who are serious, work with to get a fair price for your property, and be indispensable at closing time when it comes to dividing up property taxes and other shared costs. In general, as a seller, you should expect to run up against a number of expenses when you close on your house. These may include excise tax (a tax levied on the seller of any property or item), attorney and professional fees, property taxes, real estate commission, and fees for survey, inspection, certification and other items, depending on the laws of the state in which the house is sold. Commercial Property: Buying and Selling If you are looking to buy or sell commercial property, your best bet is to engage a real estate attorney who can advise you on legal matters involving the transfer. As with home purchases, it’s important to have the property inspected thoroughly before committing to buy. You will also want to ensure that zoning laws permit you to renovated buildings to suit your needs – for example, buildings that are zoned as small retail outlets may not always be turned into restaurants; warehouses may not necessarily be converted to apartment complexes. Real estate lawyers will make sure that you know as much as possible about your property before you buy. Do Your Homework Youll be Amazed at the Difference it Makes! The best way to be successful in any real estate transaction is to come in with your eyes open. Listed below or some top real estate websites that can help you find what you're looking for today: HomeGain: Selling Your Home? - Let local real estate agents know about the home you'd like to sell so they can address your specific needs. They will send you customized responses including their credentials, business experience, and commission rates to compete for your business. HomeGain: Buying A Home? - Let local real estate agents know about the home you'd like to buy so they can address your specific needs. They will send you customized responses including their credentials, business experience, and local market knowledge to compete for your business. Foreclosure Search: Simple Real Estate Secrets - Search foreclosures in the USA. Includes bank foreclosures, court foreclosures, pre-foreclosures, homeowners in bankruptcy, HUD homes, VA homes, government homes & more! Make Real Money Investing In Real Estate - Lou Vukas gives you the insider secrets to making real money in real estate regardless of your credit, finances or location. ^ Paid Advertisement Article ^ Ad Information        Forbes.com Wireless        Reprints / Permissions        Subscriber Services        ©2004 Forbes.com™      All Rights Reserved       Privacy Statement        Terms, Conditions and Notice Search Engine Marketing by 360i, Inc.

Real Estate Loan Processing

NSCC: Real Estate: Loan Processor Certificate Search/SiteMap | Maps/Directions | Contact Us NSCC Home > Business Programs > Real Estate Program Loan Processor Certificate Real Estate Home Contact Info Faculty Basic Real Estate Basic Sales Advanced Sales Commercial/Invest Appraisal Trainee Certified Residential Appraiser Licensed Residential Appraiser General Appraisal Property Management Brokerage Escrow Loan Officer Loan Processor AAS Degree Appraiser AAS-T Degree LOAN PROCESSOR CERTIFICATE Course Credits Quarter 1 RES 100 - Real Estate Fundamentals 5 RES 106 - Real Estate Fraud 1 RES 166 - Real Estate Loan Processing 4 RES 175 - Introduction to Title 3 Subtotal: 13 Quarter 2 RES 190 - Real Estate Escrow I 3 RES 266 - Real Estate Loan Underwriter 3 Choice: Approved Elective ( 1 ) 3 Subtotal: 9 Total 22 Note 1: Choose 3 credits from the list below: Approved Real Estate Electives Course Credits BUS 236 - Interpersonal Communication For The Workplace 3-5 RES 101 - Technology for Real Estate 5 RES 125 - Applications of Real Estate Math ( 2 ) 2 RES 150 - Residential Sales & Leasing Documentation 1.5 RES 165 - Real Estate Loan Officer 3 RES 170 - Real Estate Law 3 RES 177 - Real Estate Taxes 1.5 RES 180 - Basic Appraisal Principles 3 RES 195 - Real Estate Escrow II 3 RES 200 - Seminar in Current Real Estate Issues or BUS 197 - Work Experience: Business or CWE 110 - Internship 5 5 3 RES 260 - Real Estate Finance - Commercial 1.5 RES 298 - Special Projects - Internship in Real Estate 1-6 Note 2: Students may challenge RES 125 - Applications of Real Estate Math, by passing the RES 125 challenge test and receiving two credits. Effective Fall 2005 © 2003-2008 North Seattle Community College | Disclaimer | About This Site

Foreclosure Property

Department of Revenue: Property Tax Real Property Foreclosure Text-Only Site State Directory Agencies A-Z Accessibility Advanced Help -- Department of Revenue: Property Tax Search About Us Contact Us Forms Publications Appeals Appraiser Registration Cartography/Maps Exemption Grapevine Industrial Property Local Budget Personal Property Property Tax Deferral Statistics Timber Utility Property Real Property Foreclosure Foreclosure is a legal proceeding by which the county enforces payment of real property taxes. The county acquires legal title to a property if the taxes aren’t paid by a certain date. In Oregon, real property is normally subject to foreclosure three years after the taxes become delinquent. When are taxes delinquent? Property taxes can be paid in full by November 15 or in three installments: November 15, February 15, and May 15. If the taxes are not paid in full by May 16 they are delinquent. May 16 of the following year they are one year delinquent; May 16 of the next year they are two years delinquent; May 16 of the year after they are three years delinquent. The property is subject to foreclosure when the taxes are three years delinquent. Delinquency notices You will receive notices to tell you about the foreclosure process. The tax statement you receive each year shows delinquent taxes and the current year’s taxes. Also on the statement is the delinquent year that causes the property to be subject to foreclosure. If the tax on your property is unpaid after May 15 of any year, you will get a delinquency notice telling you the date after which foreclosure proceedings will begin. Counties must send another delinquency notice by both regular and certified mail before the foreclosure list is published in the newspaper. Foreclosure procedures The following is a brief description of the steps involved in the foreclosure process. Action taken by county A list of all properties subject to foreclosure is prepared in July of each year for accounts with property taxes three years delinquent. Lienholders may ask to be notified if a certain property is subject to foreclosure. One month after the foreclosure list is prepared, the district attorney applies for a judgment and decree through the circuit court. The foreclosure list is published the same day. Notice of the foreclosure is run in a newspaper of general circulation in the county. Notice of foreclosure may be made by personal service. A judgment and decree is secured from the circuit court not less than 30 days after the application for judgment and decree. After that, you have two years to redeem property. Only the following can redeem property: (l) a person with an interest in the property at the date of judgment and decree, (2) an heir or devisee of a person with an interest in the property, (3) a holder of a lien of record on the property, such as a mortgage company, and (4) a municipal corporation with a lien on the property, such as a city or sewer district. All persons with a legally recorded interest in the property are notified by both regular and certified mail that the period of redemption will end. The tax collector is responsible for providing this notice. The notification is to be made not less than one year before the expiration of the redemption period. A “Notice of Expiration of Redemption Period” is published in two weekly issues of a newspaper. This occurs not more than 30 days nor less than 10 days before the expiration of the redemption period. The tax collector deeds the property to the county at the end of the redemption period. All taxes are canceled and the property is removed from the tax roll. Within certain limits, the county is free to sell the property to the former owner at a private sale. Taxpayer's course of action Your property can be removed from the foreclosure list before publication if you pay the full tax and interest for the year(s) causing foreclosure. Interest is 1-1/3 percent per month. After the foreclosure list is given to the newspaper for publication, you can remove your property from the foreclosure list by paying the full tax and interest for the year(s) causing foreclosure and a penalty of 5 percent of the total tax and interest owed on the property. If you believe the property should not be included in the foreclosure process, you must file your reasons with the court within 30 days after the publication. Once judgment and decree is granted by the circuit court the two-year redemption period commences. To get your property back during this period, you must pay all taxes and interest for all years shown on the judgment and decree, the 5 percent penalty, interest on the judgment, plus a $50 redemption fee. Once the county sends the certified notice that the redemption period will end in one year this fee may increase. The county will do a title search on the property before it sends the certified notice. If it costs the county more than $50 to have a title search done on the property, you must pay the actual cost. Interest on the total amount of judgment and decree is 9 percent per year. You keep title to your property up to the time the tax collector deeds the property to the county. If you damage or destroy the property in any way during the period of redemption, you lose your rights to own the property. You have lost all rights to the property after the tax collector deeds the property to the county. You may ask the county court or board of county commissioners to sell the property at a private sale. The board may do so, but does not have to. Questions? Telephone: Salem 503-945-8293 Toll-free within Oregon 1-800-356-4222 TTY (hearing or speech impaired; machine only): 503-945-8617 (Salem) or 1-800-886-7204 (toll-free within Oregon). Americans with Disabilities Act (ADA): This information is available in alternative formats. Call 503-378-4988 (Salem) or 1-800-356-4222 (toll-free within Oregon). Asistencia en español. Llame al 503-945-8618 en Salem. 150-310-671 (Rev. 8-02) Text Only | State Directory | Agencies A-Z | About Oregon.gov | Site Map | File Formats | OAR | ORS | Privacy Policy | Web Site Feedback