Found 478 entries published by Carlos Martinez.
Starting to See Progress. Photograph by Carlos Martinez.
City is making progress on the new pedestrian crossing connection Coors to Rio Grande Blvd over the Rio Grande River. I'm sure many residents will be happy with this as you will now be able to bike from the Westside of Albuquerque to the North Valley and Nature Center.1506 Views, 1 Comments
The Federal Homebuyer Tax Credit is available to buyers who have not owned a principal residence in the last three years (“New Buyers”) and to buyers who have owned and lived in their principal residence for 5 consecutive years out of the last 8 years (“Repeat Buyers”).
The maximum credit amount is $8,000 for New Buyers and $6,500 for Repeat Buyers.
The tax credit is available for homes closed after November 6, 2009, and before May 1, 2010. However, home purchases subject to a binding sales contract signed by April 30, 2010, will qualify for the credit provided the closing occurs prior to July 1, 2010.
Homes with a purchase price of up to $800,000 qualify. The home must be used as a principal…
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HI EVERYONE, IT IS CRUCIAL THAT WE MUST VOICE OUR OPINIONS. - OWNER FINANCING ITS SO IMPORTANT TO ALL OF US.
Wether you are a Realtor, Investor, Buyer or not in the market I think this is important. Owner Financing is an option that allows a seller to sell their property using their own financing. This is a tool that will usually help a seller sell a home that otherwise may not be able to be sold.
TRY log on www. regulations.gov then follow Bronchick directions.
We only have one week, please forward to everyone !
**CALL TO ACTION**
The following information is extremely important!
HUD Issues Problematic Rules Interpreting SAFE Mortgage Licensing ACT HUD has proposed to eliminate ALL seller financing unless the seller lives in the home or becomes a…
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Here is a short video guide to search foreclosure homes on www.NMWelcomeHome.com
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Here are just some quick facts from a member call I was on recently.
1 out of 10 prime borrowers are delinquent
4 out of 10 sub-prime borrowers are delinquent
Continuing increase in delinquencies, foreclosures, defaults.
Reverse mortgages could be the next subprime...which in my opinion does not seem to dominate NM so should not be much of a problem here.
This type of mortgage recovery rose 48 percent to a record $1.01 billion in the first nine months of last year. Now that lenders have had a chance to 'catch up' they are now pursuing deficiencies.
Faster growing number of deliquent loans are loans over $1 million. Reasons: Very little
purchase money, no refinance…
1622 Views, 1 Comments
I was passing by the construction site in Rio Rancho off Unser, South of Southern and notice they are making some progress with the proposed Presbyterian Hospital.
Presbyterian Construction Project. Photograph by Carlos Martinez Realtor.
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Buyer's interested in a short sale require an agent who is experienced in the process. This means the buyer agent and the listing agent need to have intimate knowledge and systems to see the short sale process through.
When hiring an agent to work for you on a short sale, you should ask the following questions.
There are many more questions you should ask regarding a short sale but these questions will help you to gauge their knowledge of the process. …
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As I said in the previous sections of the Short Sale Series, these sale types are a great buying opportunity, but require time and patience.
The seller of a short sale is typically in a more distressed situation. My job is to help alleviate the stress of selling their home. Although there are no proceeds going to the seller, the seller must be proactive in the sale as well which also requires time and patience.
The seller is attempting to make good on their debt and find a solution for them and the lender. Due to some circumstance, possibly loss of income, disability, forced relocation, death of a loved one, not having the ability to pay their bills weighs heavily on the sellers.
I have heard comments from people stating that "these people"…
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Private mortgage insurance provides protection to a lender in case you default on your home loan. Unless you make a 20% downpayment on a house, you’ll most likely be required to purchase PMI. PMI premiums on a median priced home ($198,100 in 2008) can run between $50 and $100 per month, according to the Mortgage Insurance Companies of America.
PMI might be unavoidable, but it isn’t eternal. Knowing exactly when you’re entitled to cancel coverage can save you a bundle. If you own a median priced home, you’ll pocket between $600 and $1,200 for each year’s worth of premiums you can avoid. That extra cash can be used to pay down your principal instead.
When PMI is cancelled automatically
Though often maligned, PMI plays an important role. Many aspiring…
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