Navigate in Today's Market

PLEASE RELY ON ME TO HELP YOU NAVIGATE IN TODAY’S MARKET… I always have lots of information for you that I can’t get in this newsletter. For example, there are 6 major lenders that are all offering breaks to borrowers through either a loan modification or payment plans for distressed borrowers. The banks are; B of A, Citigroup, JPMorgan Chase & Co, Wells Fargo, Washington Mutual and Countrywide. Also, there was an excellent article in the Wall Street Journal about the pitfalls of buying a home at a foreclosure auction. It is not my intent to steer anyone in any given direction about how or when to buy property. Ultimately, that’s a personal decision. However, there are problems with foreclosures. You must make sure that all the liens have been wiped out, and that none were missed by the trustee or title companies, which are “senior” to the foreclosing lender. Also, many investors who know far more about the property and the area may be there to take over a sale. Other bidders can bid up a property to beyond its bargain value and you may not know that price threshold. Many of these properties are sold “as is” and people think they can fix them up and don’t realize how deteriorated they can be. If you are looking to buy or sell, please call me first. Let’s tailor a plan just for you that meets your objectives and keeps you safe. I always love your referrals as well. Have a great month!