Found 15 blog entries tagged as rio rancho.

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.

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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:

  • How much your home is worth
  • How long it will take to sell
  • How much you make from the sale of your home.

Real estate is a great investment vehicle as well so if you are interested in learning more please contact us at (505) 886-1432.

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Foreclosures are a hot market for investors and buyers. To get the best deal possible, follow these tips:Forclosure

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…

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Short Sale Basics 

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…

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