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Big Tax Benefits for Real Estate Investors #RealEstate #Investor #taxes #Eugene #Oregon

For current information and Real Estate Listings click the link below: www.teamthayer.com

The End of of Over-Financing Real Estate. #RealEstate #Eugene #Oregon #Investor #investment #homes #Houses #property

Short sale process: What you should consider when pursuing one: Chase bank video.

Important FHA Changes

FHA has made changes to how Collections, Charge Offs, Judgments and Disputed Accounts are handled. These changes are effective as of October 15th, 2013. Please see below a summary of the FHA Mortgagee letters 2013-24 and 2013-25 and if you have any questions please contact us. Thank you. EFFECTIVE DATE • These new rules are applicable for FHA case numbers issued on and after October 15, 2013 COLLECTIONS AND/OR CHARGE OFF ACCOUNTS • Medical collections and/or charge offs are excluded from this guidance. • A letter of explanation from the borrower(s) is:  - Not required for loans receiving an approved/eligible from FHA Total Scorecard (DU). - Is required for all manually underwritten loans. In addition to the letter of explanation, the borrower(s) must provide supporting documentation that provides the DE underwriter with evidence that the collection account was not the result of the borrower’s disregard for financial obligation and/or inability to manage debt. • Payment plan

The 6 Worst Mistakes You Can Make as a Buy and Hold Investor!

1.) Paying Too Much There is a lot of emphasis around the real estate investing world on getting incredible deals for wholesalers and flippers – and rightly so. These kind of investors need to get amazing deals in order to make a quick profit. However, just because you plan to hold on to property for the long haul – doesn't mean you can afford to pay too much. Yes – over time, that mortgage will be paid down to zero but that doesn't give you an excuse to pay more than you should. 2.) Adjustable Rate Mortgages An Adjustable Rate Mortgage (ARM) is a loan, but unlike a “fixed rate mortgage” – the interest rate can change with the economy, causing your payment to skyrocket. I understand the allure of an adjustable rate mortgage: low payments at the start. However, although you might lock in that rate for 3 or 5 years… there is no guarantee what the economy will be like in 3-5 years. For me – I want to have the most control over my destiny, and ARMs take a huge chunk of my co

The likelihood that a mortgage application will be approved varies widely by bank.

Home-buyer rejection rates ranged from 11% to 34% in 2012 at the 10 largest mortgage lenders, according to data released this month by the Federal Financial Institutions Examination Council. Those who applied for a mortgage at SunTrust  STI   -0.07%    faced the lowest rejection rate—3,831 out of 34,749 applications were denied—while those at Chase encountered the highest rejection rate, with 26,894 out of 80,036 (a third) not passing muster. Despite the fact that large lenders sell most of their mortgages to government agencies, many require applicants to clear hurdles that surpass federal guidelines, and they do so in degrees that vary by institution, resulting in confusion for applicants. Home buyers who get rejected for a mortgage at one large bank could get approved at its competitor—assuming they know not to give up the search. “It absolutely makes a difference where you go,” says Stu Feldstein, president at SMR Research, a mortgage-research firm.  Since the housing downturn,

Can you put a price on experience? In real estate, you can. It is about $25,000 for the average house.

Can you put a price on experience? In real estate, you can. It is about $25,000 for the average house. Veteran agents sell homes for an average of 12% more than their less experienced counterparts, says Bennie Waller, professor of finance and real estate at Longwood University in Farmville, Va. Veteran agents also tend to list more new properties, more townhouses and condominiums and larger properties. "The more experience you have, the more likely you are to sell the properties that you list, the more likely you are to sell it at a higher price and the less time it stays on the market,"   Prof. Waller says.  Prof. Waller, along with Ali Jubran, a student at Longwood University at the time, examined 10,065 real-estate listings in a mid-Atlantic multiple-listing service from March 1999 to July 2009. They divided the listings into three  groups—ones listed by agents who have been licensed for two years or less (called rookies), agents who have been licensed for two to 1
  Pending Home Sales, down 1.6% for August but still  up 5.8% for the year.      Mortgage rate national average  have dropped the last two weeks with the Fed's announcement it would continue buying mortgage bonds. This will help stabilize the the winter market as the average big tickets will drop due to parents needing to buy the GI Joe with the kung fu grip  as well as feed aunt Margaret with her 12 kids at the holiday celebration! As the worship of the of small ticket retail! climaxes on Jan 01. The final day of returning gifts resulting in an upgrade for ones self at an average of  +$10 per item!    New Home Sales up 12.6% year-over-year. There will be desperate builders who hold too much inventory during a low season 10/15-01/15 who will dump prices to stay afloat or out of panic! Either way look for great deals on new homes during this time! Remember this simple rule! Buy when the masses are busy with distractions. I even use large news events to gain advantage when buyin

Using a buyers agent when buying a home. Real Estate Scientist Justin Thayer

Selling your home with social Media! Real Estate Scientist Justin Thayer! #realtor #eugeneoregon

Real Estate Scientist Justin Thayer's armature economist report! 09/16/2013 #realestatescientist #JustinThayer #teamthayer

Markets are bubbling! S tocks were surging, Treasuries posted modest gains in a bond market that benefited from investors' cautious tone approaching this week's Fed meeting. The FNMA 3.5% bond we watch ended the week up .09, to $98.30.  Fannie Mae reported that consumers polled in August anticipate home prices to go up  3.4% in the next 12 months but  I predict we will see 2% in 12 but we will see little of that  until Jan. 15 . We are plaining right now a bit and the natural slow season is setting in!   (CPI)  for August is forecast to show inflation at bay. These numbers are skewed folks. You want to track inflation. Take the same candy bar in the same store every 6 months and measure the inflation rate! That is an easy number to check! It's affecting you here & now! The truth is never a good as the cooperate sponsored economic entertainment on television. I may be an armature economist but at not I providing entertainment and market manipulation through news! By

Using a buyers agent when buying a home. The Real Estate Scientist Justin Thayer, Team Thayer , Video!

Real Estate Economic report Aug 15-30. The Real Estate Scientist Justin Thayer / Team Thayer

  New Home Sales were reported down 13.4% in July to a 394,000 unit annual rate, well below consensus expectations. We are  still on an upward trend, with new home sales up 6.8% and the median new home price up 8.3% versus a year ago.   Existing Home Sales grew 6.5% in July,  at a 5.39 million annual rate . That's  the strongest pace since November 2009, and sales are now up 17.2% from a year ago.  The median price dipped slightly, but is still up 13.7% versus a year ago. It was great to see sales up in all regions of the country, with single family homes leading the way, although condo/coop sales also gained.  The FHFA index of prices for homes financed by conforming mortgages gained 0.6% in June and is up 7.8% in the past year.     Freddie Mac's Primary Mortgage Market Survey  showed  average fixed mortgage rates edging higher   for the week ending August 22 . Remember, mortgage rates can be extremely volatile, so check with your mortgage professional for up to the minute

Obamacare, tepid US growth fuel part-time hiring

U.S. businesses are hiring at a robust rate. The only problem is that three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid. Faltering economic growth at home and abroad and concern that President  Barack Obama's  signature health care law will drive up business costs are behind the wariness about taking on full-time staff, executives at staffing and payroll firms say. Employers say part-timers offer them flexibility. If the economy picks up, they can quickly offer full-time work. If orders dry up, they know costs are under control. It also helps them to curb costs they might face under the Affordable Care Act, also known as Obamacare. This can all become a less-than-virtuous cycle as new employees, who are mainly in lower wage businesses such as retail and food services, do not have the disposable income to drive demand for goods and services. Employers say part-timers offer them flexibility. If the economy picks up, they

Home Affordability High Despite Rising Prices, Interest Rates

Even with home prices marching ever upward and mortgage rates bouncing back more than a full percentage point over last year,  Capital Economics’  Paul Diggle insists housing affordability is still as good as most other experts say it is—if not better.  Explaining that affordability measures “the burden of mortgage payments relative to income,” Diggle notes that the latest data from the National Association of Realtors shows that a family earning the median income has 178 percent of the income necessary to qualify for a mortgage on a median-priced home. At the same time, typical mortgage payments currently average 17 percent of median income, up from recent months but below the long-run average of 22 percent.  In the firm’s latest US Housing Market Focus, Diggle notes that long-term trends show prices are up 15 percent below their trend level, with the ratio of Case-Shiller prices to disposal incomes per capital pointing to housing being about 16 percent below fair value.  However, whe

COURT RULES THAT HOMEOWNERS DENIED MODIFICATION CAN SUE THEIR LENDER

An an astounding decision today out of California, the 9th Circuit Court of Appeals ruled in favor of the Defendant/Borrowers and against Wells Fargo, finding and ruling that the homeowner who was approved for  a  trial period modification  could sue the lender when a final modification was denied.  For years now, borrowers, and the attorneys who represent them, have been dumbfounded when their clients were   offered a trial period, that went on and on and on, without end. Only to then receive a denial after payments were made timely under the trial period. When lenders were questioned, the answer was almost always, the borrower did not remit the final package back on time. Therefore, it was denied.  Not until the executive offices of the lender or other complaint procedures were explored, did the banks react and give the final modification.  “I can vouch for this in my own experience.  With modifications we have obtained on behalf of my clients, only to then have the lender change t