Ideally located near Albuquerque County Club, Historic Old Town, Downtown ABQ, Tingley Beach, Botanical Garden, Parks, and Zoo. And if you know the area there is a myriad of shopping and restaurants along Central Blvd.
1417 San Carlos Dr SW Albuquerque, NM 87104
18127 Views, 0 Comments
Here's some good news... momentum will keep housing positive in 2020 with historically low mortgage rates and the continued strength of the labor market.
Unemployment rate is at a 50-year low and so is mortgage delinquencies due to low rates, a solid economy and strong labor market. Mortgage delinquency rate was the lowest in Quarter 4 2019. This is the lowest lever since the current survey series by the Mortgage Banker Association begin in 1979.
24932 Views, 0 Comments
With interest rates being as low as they are you can refinance, buy or sell a home and save money. I can help you road map a path to home ownership and if you have a home to sell I will give the 3 most important pieces of information:
Real estate is a great investment vehicle as well so if you are interested in learning more please contact us at (505) 886-1432.
17050 Views, 0 Comments
Foreclosures are a hot market for investors and buyers. To get the best deal possible, follow these tips:
1. Timing is everything. Borrowers often are given a chance to avoid foreclosure with a grace period, typically two to three months, to pay off the amount they owe. The borrower may opt to sell the property during this preforeclosure stage if they can’t make up their missed mortgage payments. This is typically the best time to strike a deal, as home owners are looking for ways to avoid foreclosure. Another prime time to buy: prior to an auction date.
2. Look in the right places. Follow the foreclosure trail. NMWelcomeHome Real Estate Team, Title companies, banks, purchase money, escrow offices, and credit unions can be good sources to find out…
3551 Views, 0 Comments
Here is a short video guide to search foreclosure homes on www.NMWelcomeHome.com
1408 Views, 0 Comments
To fully understand the Short Sale Process it is important to know the potential process of foreclosure. These answer's below will help you to understand the difficulties and obstacles in the short sale process.
In New Mexico, the lenders go to court in what is known as ajudicial foreclosure proceeding where the court must issue a final judgment of foreclosure. The property is then sold as part of a publicly noticed sale. The court with jurisdiction over a foreclosure is known as the District Court in the county in which the property is located. A complaint is filed in this court along with what is known alis pendens. A lis pendens is a recorded document that provides public notice…
2630 Views, 0 Comments
Short Sale - A simple definition is a sale of real estate in which the net proceeds are short of the balance owed on the property's loan.
In my experience a short sale situation occurs when there is a loss of job, divorce, forced relocation, and illness. This usually stem from loss of home value because if there was value in the home then there would not be a short amount. There are a number of reasons that a person may be unable to maintain their mortgage payments and has fell on Realtors to help homeowners through these situations and sell their real estate. Maintaining dual households can drain your finances quickly. It is important to understand that most people will exhaust all resources trying to pay their mortgage payments…
1992 Views, 0 Comments
More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years.
Income limits for eligible home buyers were also expanded to $125,000 for single buyers and $225,000 for couples, up from $75,000 for individuals and $150,000 for couples. Qualifying home prices are capped at $800,000.
$8,000 First-time Home Buyer Tax Credit at a Glance
1495 Views, 0 Comments
