HOME SALES (Dallas Morning News)

29 Sep 2007 at 4:11am

This list of recent home sales in Mesquiteand Balch Springs was compiled by MasterFiles Inc. from county deed records. The amount listed is the mortgage, not the total price. In each ZIP code, sales are organized alphabetically by street and include the date recorded. Read more

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Home foreclosure is a process that a lender repossesses the subject property due to the borrower’s default on mortgage loan payments. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. If the borrower does not take any actions, or the actions borrower took don’t satisfy the lender, then the foreclosure process ends up at the courthouse auction for the foreclosure sales.

In order to successfully make money on foreclosure properties, first of all, you should fully understand the process of home foreclosure and then identify the where the opportunities are, and take right actions to succeed.

The foreclosure process can be divided into three phases: Read more

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Dollar Falls to Record Low Against Euro Before Home Sales (Bloomberg.com)

27 Sep 2007 at 7:49am

Sept. 27 (Bloomberg) — The dollar fell to an all-time low against the euro on speculation a government report will show a drop in U.S. home sales, bolstering the case for lower U.S. interest rates. Read more

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Because of the craziness of the mortgage market last few years and the current subprime crisis, 10 million adjustable rate loans are slated to undergo a “rate reset” over the next three years, and millions of American homeowners are wondering how they are going to make the new monthly payments, projected to be as much as double their current monthly expense.

Most of those homeowners will face foreclosure proceedings if they don't do something now. President Bush's promise to help home owners in trouble is very limited.

I wrote 2 articles about foreclosures in my previous blogs.

One is about “How To Protect You From The Home Foreclosure Avalanche?”

The other one is about “How to stop your home foreclosure?”

The first one talks how to prevent the foreclosure happens to you and second one talks about how to stop the foreclosure proceeding if you are already facing it. You can read them by clicking the links below:

How To Protect You From The Home Foreclosure Avalanche?
http://besthomesellingtips.com/2007/08/31/how-to-protect-you-from-the-home-foreclosure-avalanche/

How to stop your home foreclosure?
http://besthomesellingtips.com/2007/07/19/how-to-stop-your-home-foreclosure/

In these two articles, I mentioned some important terms related to foreclosure that you must know if you are facing foreclosure or you are interested in buying foreclosures as your investment properties. Questions were asked about them.  I'm going to explain them in details. Read more

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News from New York Post - Nichole kidman and Keith Urban are moving out their mansion in Nashville, Tennessee.

The couple have put their four-bedroom, five-bathroom home - which includes a gym, pool and spa on the market for sale.

The real estate agent's blurb for the property describes it as a "tranquil celebrity retreat".

"Private, yet convenient.  Recently completed, landscaped and decorated for most discriminating clients.

"Interior spaces flow freely and offer spectacular hillside views.  Public areas open to the covered terrace, pool/spa.

"Approximately 2.03 acre(s), Year Built: 2004, Two story, Central air conditioning, Swimming pool(s), Basement, Dining room, Den."

More about celebrity homes:

Paris Hilton's home is for sale

 

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Ahead of the Bell: Existing Home Sales (AP via Yahoo! Finance)

25 Sep 2007 at 6:36am

An industry group's report due Tuesday is expected to show that existing home sales dropped in August for the sixth month in a row Read more

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This 'Descante' beauty was built in 1997, a wonderful luxury home on 4+/- acres in Atlanta, Georgia. It was custom built with finest details, materials & architectural antiques. It has 7 bedrooms and 10 full baths and more than 13,000 square feet. It is now for sales.

Would you want to buy it as your home? If so, how much do you think it is asked for?

Just make a guess and put your price in the comment box. If your price is right, you will receive a free gift worth $30. No obligation to buy the home.

more photos for you… Read more

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In my previous blog, I wrote about How To Review And Respond To Homebuyers' Offers.
In this blog, I am going to give some ideas on how to counter your buyer’s offers by example.

First of all,  you need to know what to counter. When a homebuyer makes an offer, the buyer or the buyer agent usually send you a Purchase and Sales Agreement signed by the homebuyer, or sometimes a letter of intention.

Letter of intention (LOI) is an informal offer used by most investors to save time.

A Purchase and Sales Agreement is a formal offer used by most homebuyers. Purchase and Sales Agreement singed by the buyer is not a contract yet. You can either reject it by not taking any action before the offer’s expiration time or by simply writing a word or few words on the agreement indicating the offer is rejected.
You can also counter back to initiate the negotiation process. Your counter offer is called seller to buyer counter offer. And buyer can also counter back to your counter offer, which is called buyer to seller counter offer. There can be multiple counter offers. This process is actually a negotiation process.

What items you can counter offer? Followings are some important items in the Purchase and Sales Agreement, which are usually the focus of the counter offers. Read more

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Dollar Falls Against Yen on Speculation U.S. Home Sales Dropped (Bloomberg.com)

23 Sep 2007 at 10:01pm

Sept. 24 (Bloomberg) — The dollar fell against the yen and traded near a record low Read more

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Local home sales continue strong pace in August (Lincoln Journal Star)

21 Sep 2007 at 4:22pm

The pace of local home sales remained strong in August, as 33 more homes sold compared with August 2006, according to data from the Realtors Association of Lincoln. Read more

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