GREAT Real Estate Opportunities

With all the incredible properties out there for sale, it is hard to not want to put everything out there. What I have done here is just put a sampling of properties I come across that I know are terrific locations and prices in locations that can't be beat. Most are Bank Owned (REO's) or short sales. The one auction coming up is A RARE situation in an incredible community at Lake Tahoe. If you have immediate CASH, have always been wanting that family compound built with true quality materials, architechturally stunning and the layout is so perfect, this is it!! CALL ME for the info packet, AUCTION IS JULY 15 on site. THE Back Road, Glenbrook - Lake Tahoe, Nevada. Don't worry there is only one, you won't get lost!!

I always post these great finds on my facebook page since that is the most accessable to the public. You can go on my website to further search the MLS system for more properties and better yet just call me so I can relay propertis that I may not have posted anywhere yet.
This all takes time and I am pretty busy with managing and inspecting too.


http://www.facebook.com/#!/pages/MoeBEST-Henderson-Properties-and-Property-Management/139443654934?ref=ts

Reality of Current Loan Modification Programs

This is a very good summation of the current state of the modification programs. This is a very difficult time for many homeowners since the scenerio has mutated since the initial programs were set up. Take a close look and realize, yes, things are a'changin!

http://tinyurl.com/yfm2hq5

Don't Miss the Boat for the second time!

In my weekly reading of C.A.R.'s newsletter and my analysis of mortgage rates and the prices being asked for properties now, this is an article that is an understatement to what I have been (Screaming) sorry I get excited! Prices have dropped back down to what I had seen in 2001-2003. So if you thought you were out of the running, or locally -"Missed the Boat" here is your second chance -- don't miss it!

Buying is now cost-effective for some renters

Many renters debating whether to buy or rent their homes are realizing that the increase in affordability, coupled with low interest rates and tax incentives, are tipping the scales toward homeownership.



MAKING SENSE OF THE STORY FOR CONSUMERS



· An analysis of 45 metro areas by the Associated Press found that the gap between the monthly mortgage payment on a median-priced home and the median rent has decreased from $777 a month to just $221 in the past three years.



· In markets across the nation, including the inland areas of California, prices have declined by nearly 40 percent, resulting in rising sales as first-time buyers use a federal tax credit that covers 10 percent of the home price, up to $8,000.



· Favorably priced foreclosures in some markets are drawing multiple bids. Many housing experts believe that as supply and demand even out, home prices will eventually begin to rise, but for now most buyers are having little difficulty finding affordable homes.



· Qualified first-time buyers may be eligible for loans insured by the Veterans Administration (VA), which does not require a down payment. Another loan product gaining popularity are those insured by the Federal Housing Administration (FHA), which require only a down payment of 3.5 percent.



· It is important that potential home buyers not only look at the monthly mortgage payment compared with their monthly rent payment, but that they also consider other costs associated with homeownership. These can include homeowner association (HOA) fees, insurance, maintenance, and utilities, which most renters are not responsible for paying.


For the full story Call: Marlene Henderson