Mike Wolf Named One Of Realtor Mag’s 30 Under 30
After hundreds of applicants narrowed to 50 finalists, Mike Wolf of Ascent Real Estate Bankers Hill is named one of Realtor® Mag's 30 Under 30. Read the UT San Diego article by Lily Leung at http://www.utsandiego.com/news/2012/may/17/tp-local-realtor-among-top-30-under-30/ … [Read More...]
Majority of Americans say housing will influence their vote
Candidate positions on housing will be important considerations to nearly seven of 10 Americans in the 2012 presidential and congressional elections, according to a new national survey on housing by Move, Inc. This is especially true for Millennials, the next generation of home buyers and the segment expected to play as important a role in the 2012 elections as they did in 2008. According to the survey, 81.7 percent of Americans consider housing to be a critical piece of the national economic recovery, while 73.1 percent believe conditions for buying a home a year from now will be the … [Read More...]
Foreclosure myths, debunked
Although there are a number of programs available to help homeowners who have defaulted on their mortgages keep their home, the large amount of misinformation tends to result in troubled homeowners failing to contact their lender until it is too late. Making sense of the story Some homeowners believe, incorrectly, that contacting their lender early in the process will draw attention to their situation and result in a quicker foreclosure. In reality, contacting the lender or servicer is an important first step, and the sooner, the better. Contacting the lender provides the homeowner … [Read More...]
Mortgage Applications Surge Amid Falling Rates
More people are applying for mortgages: Applications for home mortgages had their largest increase in three months due to falling record-low interest rates, the Mortgage Bankers Association reports. MBA’s seasonally adjusted index of mortgage application activity increased 13 percent for the week ended June 10. That marks the index’s biggest gain since March. The index measures applications for refinancing and purchase demand. Most of the spike was from refinancing applications, which increased 16.5 percent from last week. However, requests for mortgage applications for home … [Read More...]
An old mortgage scam aims to hijack a payment or two
A mortgage scam in which con artists send letters telling borrowers they should begin sending their mortgage payments to a fictitious company that has begun servicing their loan, is making the rounds again. Unfortunately, by the time borrowers figure out their loan has not changed servicers, they’ve already sent one or two mortgage payments to the fictitious company. Making sense of the story According to those familiar with the scam, it typically works because most borrowers are unaware of the rules when it comes to the transfer of mortgage-servicing rights. Under the law, the … [Read More...]