Foreclosures 
There are currently 7 blog entries related to this category.
Bank of America Offers Relocation Money on Short Sales
Tuesday, May 15th, 2012 at 2:11pm. 64 Views, 0 Comments.
Short Sale Relocation Assistance Program:
Our Clients could receive
$2,500 to $30,000 in relocation assistance
Call US TODAY (505) 350-8184
Your financially distressed clients want to avoid foreclosure. You want to help them. So do we!
That's why Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 - $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.
Don't miss this limited-time offer to get your distressed clients the help they need by initiating a preapproved price short sale today!
Determining your clients'…
USAA is a great lender if...
Monday, April 30th, 2012 at 3:46pm. 115 Views, 0 Comments.
We are local Realtors that have successfully closed hundreds of home purchases and we see financing from all different lenders local, online and out of state. We have great success with local lenders because they own and operate offices in Albuquerque that we can call or visit the same loan officer if we have a problem.
With online or out of state retail lenders is when we have the greatest probability of issues arising and closing ontime. We don't really know why this happens but consider there is not much accountability with no local person to go to or calling in to their call center and talking to a different loan officer/processor each time MAY have something to do with it. This includes Bank of America, Wells Fargo, USAA, Quicken Loans and many…
What does 'Additional Information' on listing displays mean?
Tuesday, April 17th, 2012 at 8:42pm. 116 Views, 0 Comments.
Some basic information that may help you in your quest for more information on a home listing.
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If you notice the information located in the 'Additional Information' section of a MLS Listing Display. This information will be available for all listings and is typically located at the bottom right hand side of the display.
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The 'Additional Information' will also let you know if the home is a Short Sale or Bank Owned Home. This can be useful if you are or are not interested in short sale's or foreclosures. If it does not specifically have RE/Bank Owned or Short Sale then it is just a regular sale.
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So here are some quick definitions for financing:
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Mortgage Insurance Rates Increase FHA
Thursday, March 8th, 2012 at 12:32pm. 184 Views, 1 Comments.
Beginning April 1st, 2012 FHA will be raising their upfront Mortgage Insurance. You may be asking yourself 'how does this effect me'?
Here is a scenario:
Your current loan approval amount $150,000 FHA
Old Monthly MI = 1.15% = $143.75 Monthly MI
New Monthly MI = $1.25% = $156.25 Monthly MI
Old Upfront MI = 1% or $1500 based on above loan amount (added to loan amount)
New Upfront MI = 1.75% or $2625 based on above loan amount (added to loan amount)
This means that you would qualify for about $5,000 less on your mortgage with the new increase beginning April. Your loan amount would decrease to $145,000.
This reduction may be signficant to a buyer trying to max out their purchase, which happens all the time, by the way. If you feel…
Come Visit Us @ The ABQ Home Expo
Tuesday, February 7th, 2012 at 12:51pm. 202 Views, 0 Comments.
We would love to see you at The ABQ Home Expo. Vist booth 307 for a FREE Instant Market Analysis, Foreclosure Listings and learn how to enter for a chance to WIN a day at the Spa!
Show is February Saturday 18th 10am-6pm and Sunday 19th 10am-5pm.
Six New Foreclosure Deals!
Monday, October 31st, 2011 at 8:10am. 207 Views, 0 Comments.
Use this link to see the latest bank owned homes for sale. Home's are located in the North Valley, Northeast and Northwest.
6 New Bank Owned Homes
Always up to date - Click Here - Foreclosure Listings.
Always Updated - Recent Foreclosure Homes For Sale
Sunday, May 1st, 2011 at 10:36pm. 687 Views, 1 Comments.
With the link below you can use it anytime to see the most recent foreclosure homes. It lists all the foreclosure homes in Albuquerque and Rio Rancho within the last 7 days.
Always up to date - Click Here - Foreclosure Listings.
Save this search to your account by clicking on the link and then click on 'Save This Search' at the top of the lisitngs.
See all foreclosure homes listed here