Short Sales

Do you want to buy a new home but concerned about breaking your lease or timing so you don't have to move twice? We have a solution that will not cost you a dime!  Call us to find out how to buy a brand new home and make a seamless move to your new home.

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Carlos Martinez

(505) 350-8184

You can also contact me using our online contact form - Click Here

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Great News for Native Americans buying a home for sale in Albuquerque and Rio Rancho New Mexico!

This is probably the best mortgage loan available for you right now. It is known as 184 Native American Home Loan Guarantee Program. This loan is for American Indian, Alaska Native Families, Tribes or Tribally Designated Housing Entities. The loan can also be used both on and off native lands, fore new construction, rehabilitiation, purchase of an existing home or refinance.

The requirements to obtain this loan are excellent and definitely worth looking into.

Call us today at (505) 350-8184

• Min score is 580
• 2.25% down
• No monthly MI
• Anywhere in the state. (on or off tribal land)
• Max loan amt. in Bernalillo County is 350K
• Primary

You may need to Sell your home in order to Buy. We are very successful with helping a current home owner negotiate a purchase on a new home and getting their current home sold, in a reasonable amount of time.

Often, owners are are unsure about the value of their home which is the most critical piece of information when trying to make the decision to sell and buy. This is where we can hlep with our no obligation consultation and a FREE Market Evaluation of your home.

Not only will we tell you what your home is worth but we also tell you how much you will net on the sale of your home. Knowing how much you will make when you sell your home, is in my opinion, the 2nd most important piece of information when deciding to sell.

In addition to our

Rates are still low, Market is great...now is the time!

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We are asked how to drop the Mortgage Insurance on your loan. Mortgage Insurance also known as MI or PMI (Private Mortgage Insurance) is part of your monthly mortgage payment. Mortgage Insurance is required when putting less than 20% down payment on a home. It can be costly and will add $100 plus to your loan payment (depends on loan amount). Mortgage Insurance is to protect the lender in case you default on your home loan.

Below are explanations on how to or when MI will be removed from your monthly mortgage payment.

Dropping Conventional Mortgage Insurance Rules

• Automatic Termination
  • Fixed Rate & Adjustable - Removed when reduced to 78% LTV
    • LTV based upon ORIGINAL VALUE
    • Based SOLEY on regular amortization (not prepayment

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' eligibility

Some basic information that may help you in your quest for more information on a home listing.

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.

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.

So here are some quick definitions for financing: Conventional - This is a common type of financing with a

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 you this

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.