Central Texas Wholesale Properties

We are constantly - and generously - marketing for lucrative wholesale investment opportunities. In fact, prior to improving and subsequently selling properties we've purchased, we allow a select group of local investors the opportunity to "Grab A Deal!"

Saturday, March 20, 2010

Mortgage applications fall 1.9%

Mortgage applications fall 1.9%

According to the Mortgage Bankers Association, its Market Composite Index, a measure of mortgage loan application volume, decreased 1.9% last week on a seasonally adjusted basis, from a week earlier. The refinance share of mortgage activity increased to 67.3% of total applications from 67.2% the previous week. The adjustable-rate mortgage share of activity decreased to 4.6% from 5.1% of total applications from the previous week. The lack of demand despite low mortgage rates indicates that the extension of tax credit is doing little to spur demand. Dan Egan, president of the Massachusetts Credit Union League, said: "The continuation of the tax credit was supposed to spur continued sales into 2010 and it just doesn't seem at this point to have done that." The average rate on a 30-year fixed loan dropped to 4.91%, the lowest since December, from 5.01% the prior week, while the average rate on 15-year fixed mortgage dropped to 4.24% from 4.32% the earlier week. “People are hold
ing back, we’re in a flattish market,” said Brian Bethune, chief financial economist at IHS Global Insight. “Once the economy gets more momentum, particularly once you get jobs created, then this market could pick up.”

Modifications outpace foreclosures at CitiMortgage

CitiMortgage (Citi), the mortgage arm of Citigroup, offered modifications on mortgage loans to the extent of almost $19 billion in the fourth quarter of 2009; loan modifications outpaced both foreclosures and delinquencies in that quarter. Citi, which joined the Home Affordable Modification Program (HAMP) in April 2009, led servicers in the last quarter of 2009 by providing modifications on 47% of the 241,981 loans eligible for HAMP in its portfolio; loan modifications increased 47% in 2009 from 2008. Foreclosures initiated by Citi increased 1% in the last quarter of 2009, while the actual amount of foreclosures completed dropped 1% for the same quarter. Delinquencies rose to 6.8% in the last quarter of 2009 from 5.8% in the previous quarter and 3.7% in year-earlier quarter. At Citi there were 8,070 pending permanent mortgage modifications as of February. Citi has had a significant success over the past few months in the home loan modification program. According to data relea
sed by the Treasury Department, of the 3.4 million loans eligible for HAMP, 29% have received active trial and permanent conversions so far. All told, servicers have provided 170,000 permanent modifications through the program.

PWC: The worst seems to be over for commercial real estate

According to PricewaterhouseCoopers’ (PWC), latest quarterly Korpacz Real Estate Investor Survey, commercial real estate vacancy rates will stabilize in 2010. Investors are looking to invest significant sums of money in 2010 and this news should comfort them. “The worst seems to be over, according to survey participants, as investors suggest that the bottom is near, if not here, particularly for better-positioned markets and assets,” said Susan Smith, director of real estate advisory practice at PWC. The report says the investor optimism regarding commercial real estate recovery is currently at the highest since the last couple of years. The survey participants said the capitalization rates will remain steady in 19 of 30 markets covered by the PWC study. “Following the onset of the recession and the credit crisis, underlying fundamentals were deteriorating and overall cap rates were expanding simultaneously and quickly, causing values to plummet,” Smith said. In 200
9, commercial real estate investments dropped 17.1% but 2010 looks like a better year. For example, Valeo Fund, a private equity firm, targets to make investments in $1trillion worth commercial mortgages set to mature between 2010 and 2013. Cushman & Wakefield, a commercial real estate (CRE) services provider, has projected a 30% increase in global CRE investments in 2010.

Producer prices drop more than expected in February

There have been concerns about inflation as the economy shows signs of recovery. In a report that could allay inflation fears, the Labor Department said the wholesale prices dropped 0.6% in February, much larger than the 0.2% drop economists had predicted. The drop was the biggest since July and follows a 1.4% rise in January. The drop in prices was led by a fall in fuel costs; excluding food and fuel, prices rose 0.1%. Food costs rose by 0.4% in February, the fifth straight monthly gain. Outside of food and energy, the price for new cars increased 0.5%, the largest advance since June, while the price of carpets and rugs rose 1.6%, the biggest advance since last April. “Disinflation is going to be with us for a while,” Julia Coronado, a senior U.S. economist at BNP Paribas. “That’s going to allow the Fed to stay on hold for a lot longer than the market is expecting.” Producer prices are among the most important indicators of inflation. Paul Dales, an economist at Ca
pital Economics, says the full impact of recession on prices has yet to be felt and hence the Federal Reserve (Fed) will be able to keep interest rates low for the near-term. The policymakers at the Fed said this week, "inflation is likely to be subdued for some time."


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http://bargainhomestexas.com/p/3145

Seagoville House Bargain 100% Financing

713 Putnam St., Seagoville, TX

Asking Price: $70,000
Contact: Beth Mello Email: myrockrealestate@gmail.com Phone: 254-716-5548 Fax:

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Property Details

Bedrooms: 3 Property Type: Single Family Floors:
Bathrooms: 1 Living Area(sqft): 1,448 Construction: Frame
Garage: 2 Lot Size(sqft): 21,780 HOA/Maint.: $0/month

Property Features

AtticBalcony, Deck or PatioCentral A/C
Central heatDining roomDishwasher
Family roomGarage parkingLaundry area - garage
Living roomOffice/DenYard


Asking Price: $70,000 ZESTIMATE®: $
After Repair Value: $90 CyberHomes: $
Rehab Cost: $2500 Eppraisal: $95,890

Description

This well built 3 bedroom, 1 bath home sits on 1/2 acre with lots of mature trees and a completely fenced back yard. The.kitchen boasts new linoleum and boo-koo cabinets. It leads into the formal dining room and then into the spacious living area with lots of windows to let in the light. There is newer light paneling throughout the house except for the master bedroom, which has beautiful knotty pine tongue-in-groove panels. The bathroom is retro-style with extra cabinets. The large 2-car attached garage has extra workspace and access to the attic that offers mucho storage space.You can purchase this wonderful family home with 100% financing and no closing costs.There are many perks including a new A/C, new Hot Water Heater and new Plumbing. It also has "Termite Walls" for added protection and peace of mind.This home is located just off of 175 in Seagoville-only minutes to Dallas. This area is growing with lots of restaurants, but the neighborhood is quiet & the neighbors brag it's the safest street in Seagoville.About $2500 in repairs needed (needs front porch roof fixed, some boards around garage need to be replaced, the kitchen ceiling needspainting as well as the outside of the house, yard needs leaves cleaned up), plus a new stove & fridge, to make this gem shine.Call today before it's gone!Call 254-716-5548 or email myrockrealestate@gmail.com.FIND OUT IF YOU QUALIFY FOR 100% FINANCING BY CALLING RICK @ 254-733-9620 AND SIMPLY ANSWERING A FEW QUESTIONS.Tell him Beth Mello sent you.

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Contact: Beth Mello Email: myrockrealestate@gmail.com Phone: 254-716-5548 Fax:

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Friday, August 28, 2009

More great houses I just found for you. Look at all the good real estate deals.

Coming soon to a bank near you…negative interest rates?

We’ve all heard about how the banks won’t lend the money the Fed keeps giving them. If the banks don't lend, the economy won't recover, and the Fed will have trouble generating the inflation needed to lessen the burden of our debt binge. We’re not the only country with that problem, of course, and last month Sweden introduced a new way to get its banks to lend: negative interest rates. Swedish Riksbank entered uncharted territory when it became the world’s first central bank to introduce negative interest rates on bank deposits. In effect, it is a fine on banks that refuse to lend, since the banks are holding money that actually declines every day it sits in their vaults. If banks are actually penalized for holding money, they have to lend it, right? Maybe. Or they might just charge higher interest rates on loans, or throw in the towel and go broke. Whatever happens, other countries are watching very closely, and if it works as intended, who knows? At this stage, the US seems unlikely to introduce the policy, since there have been no hints from policymakers about it being an option. But things change…especially with this administration.

Thursday, July 2, 2009

Sunday, May 10, 2009

3821 cobbs dr waco, tx 76708

New Home For Sale 3821 cobbs waco texas 76708


This is a wonderful house to raise kids. Lots of room. Two raised gardens. Storage Shed. Auto sprinkler system.



Click here to see property for more information.


Friday, May 1, 2009

How to sell My house Texas

Sell Your Home Fast Texas


Hi. You must be trying to sell your home, or you wouldn’t be here with me now. I’m a real estate investor, and I want to share with you 5 tips for getting your home sold quickly. Let’s dive right in.

1. Try slashing the price. Check out similar houses in the neighborhood to know what your house is worth and price it at 10% below them. The newest and cheapest houses on the market are the most inviting.

2. Put together an “adjustable” sales plan. You need to be flexible, but have a plan. Consider things like: how long will you hold out for your initial asking price before you reduce it, how much of a discount you will accept, will you offer owner financing or lease/option to buy?, etc. Some experts claim having a flexible plan in place will help you sell your home quickly.


3. Adding premiums are what some experts believe will speed up the sale of your house. Let me give you some examples. Offer to help the buyer with closing costs. Offer your sales agent a higher commission or some other perk if a buyer is found quickly. Be creative here.

4. Now, if you run out of time and you have to move before your house is sold, think about renting it out. Just don’t forget to include your right to show the property in the rental agreement. Or get around the whole ‘trying to find a buyer while you’re renting thing’ by renting with an option to buy.

5. For obvious reasons, this is my top pick. You can avoid the frustration, obligation, hassles and fees of more traditional methods and receive a fair offer by contacting a reputable real estate investor or company. Someone, say, like me. Look for an investor with a website so that you can do a little research first. Then call or email and ask questions. I think you’ll be pleasantly surprised by how quickly and painlessly your home gets sold.

You can Also visit my other blog.

To find out how I might be able to help you, just go to www.quickhomesalepro.com and look around. You’ll find all of my contact info there when you’re ready to ask more questions and get your home sold quickly. Until then, good luck and God bless.

Real Estate Loan Modifications Blog







About Me

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Groesbeck, Texas, United States
I love people. I love Life and everything it throws at you. Life is what you make it. I absolutely love real estate. I love to help people. Here at Grace Ventures we strive to help people live as comfortable as possible. The home can be so many things as there are people, but for most its where you hang your hat. It is where you raise your children. Let us solve the quick sale or the fast buy of your home and set your mind at ease. What ever Real Estate problem you are having we will do our best to help. Let us sit down with you today.