Shady Short Sale Scams San Diego

Beware of shady short sale deals. Enough of this cannot be over stated. There are plenty of investors out there who are willing to go through the process of the short sale in the right way – leaving you free and clear from any financial obligations. They will work with the bank and come up with a solution that will free you from the mortgage, help the bank recoup some of their loss and end up getting a house as an investment or themselves. In the ideal short sale situation, everyone comes out a winner.

But there are some short sale investors who are less than honest. They will do things like try to charge you to negotiate with your bank. This should not happen – they should be willing to do this for free if they are buying your home at less than market value. There are also short sale investors who will promise you that they will buy your home and you will be free and clear from the loan. Then you find out later that the bank is pursuing a judgment against you for the difference between the amount of the sale and the amount that you owed on your mortgage. Many short sale investors take advantage of the fact that few people understand about foreclosure and are scared of the process. There are those who will take advantage of this fear and prey upon such folks.

Beware of any short sale investor who tries to get you to sign papers that you are not prepared to sign. You should not be forced into signing anything without allowing your attorney to look over the documents. These are legal documents and you may not understand what you are getting yourself into. On top of that, the emotional impact of a foreclosure can make anyone desperate enough to sign anything. Beware of anyone who puts the pressure on your to sign right away, saying things like they cannot make this offer for much longer. They should be willing to allow your attorney to look over the documents.

The short sale can be your ticket out of a bad foreclosure situation. It can give you a whole new lease on life. But it can also cause a whole new set of problems. Beware of the predators in this game and go with those who are honest and true short sale investors. There should be no pressure to sign anything or any money that needs to change hands. Do not fall prey to those who will take advantage of your situation or you might end up making it worse. If you have more questions please call 619 884 9116 or visit www.rmfundinggroup,com or www.rmloanmods.com

Where Is The Real Estate Market Going?

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Peter Schiff has been sounding the warning for some time on the inevitable bubble that the U.S. government is becoming, and once that bubble bursts, according to Schiff, there’s nowhere else to go but to experience what he calls a “financial hangover.”

The most recent bubbles related to the tech industry, which when it burst led to the Federal Reserve creating the pain of the housing bubble, which we’re still in the midst of, and now Schiff says once the government bubble bursts, it will be devastating to our economy, and the consequences will be extremely painful for the majority of Americans.

Who knows how far it will reach beyond America as well, as the housing crisis shows, as many institutional investors, including countries, had invested deeply into securities backed by the mortgages which collapsed.

What will happen in the bond market is anyone’s guess, but whatever happens, it’s not going to be good, at least as far as the Treasury market goes.

Schiff and others who understand what’s going on have been strongly arguing and urging the government to remove itself from the private market and quit their socialist agenda.

The history of socialism has proven it doesn’t work, and to continue on that path will lead to disaster; it’s only a matter of when, not if.

As Schiff also points out, the idea that the financial and economic crisis of 2008 was caused by too much capitalism, is a joke and at best based on ignorance, and at worst, an excuse for government officials to attempt to manage even more of the private sector, which effectively takes the decisions largely out of the hands of entrepreneurs and transfers it to the clueless politicians, who know nothing of what it takes for business and economic success.

With the government increasingly interfering in what should be private sectors like healthcare, housing, cars, banking and insurance, the result will ultimately be a decreasing private sector which will be counted on to support the giant government squid whose tentacles have extended into everything.

The problem is, there won’t be enough money to do that, as increased bailouts, higher taxes and falling productivity will eventually cause the whole thing to crash.

Maybe the government, and more importantly, Americans and others in the world, will learn at that time there is a great need to limit the size of government and keep it constrained to its purpose, and leave the free market to those who know how to work in it the best.

Commercial Real Estate Not Out of the Woods Yet

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While many believe we are out of the recession in terms of commercial real estate valuation, the rate of decline has only stabilized, according to Donald J. Sherwood, MAI, SR/WA, FRICS, Managing Director and Dalton D. Vann, MRE, Analyst of Integra Realty Resources-Dallas/Fort Worth. Their insights and perspective on the commercial real estate environment were detailed in their article “Are We Out of the Recession? Economics and Real Estate in 2010,” recently published in the March/April 2010 issue of Right of Way magazine, the official publication of the International Right of Way Association.

“In our opinion, the national economy appears to be in the early stages of stabilization, not recovery as stated by many,” says Sherwood. “Nevertheless, economists warn that the possibility of a double-dip recession is still a concern. Since commercial real estate lags several years behind the national economy, property values might still be in jeopardy of decline and are certainly several years away from escalating. Looking forward, no one can be certain of how this economic situation will play out. The bottom line is this: With real estate always lagging the economy, even if the indices are looking better, don’t look for improvement any time soon.”

Integra credits the market-altering effects of various government programs to the current state of affairs in the economy and commercial real estate market. Sherwood and Vann state that while 2008′s Troubled Asset Relief Program (TARP) let banks stay in business, it failed to restore investor confidence in stock markets and lending institutions were still hesitant to continue lending funds.

Other government programs were also met with mixed results. As of February 2010, only 35 percent of the American Recovery and Reinvestment Act of 2009′s $800 billion in funds have been distributed. Additionally, some believe that the first-time homebuyer tax credit created an artificial market and is expected to cause a decline in volume once the credit ends in June. As a result, this can have an unintended consequence of a housing slump relapse.

The most common theme across all real estate sectors is not that values are falling, but that transactions are not closing. Integra states that this inactivity is largely due to conservative lending practices on the part of lenders who are either cash-strapped or are fearful in the face of uncertainty. Effective loan-to-value rations of 50 percent are not uncommon in the current market. Despite lower interest rates, few deals are being completed because financing cannot be acquired for projects that would have been considered conservative only two years ago.

Finally, time plays a pivotal role in the commercial real estate recovery. Job growth, corporate profits, industrial production, and consumer spending are some of the economic fundamentals that must improve before real estate values are affected through occupancy, lease rates, and transaction volume. Generally speaking, commercial real estate lags about 18 months to two years behind coincident economic indicators. As a result, values of most property types might still be in jeopardy of decline and are certainly several years away from escalating.

How Does Inflation Affect Interest Rates and How They Affect Me

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Inflation is what makes your money of today worth less tomorrow. Borrowers find borrowing money more attractive but it’s less attractive for lenders. This is why lenders raise their interest rates because they know that the dollars people pay next month are worth less than the money they loan today.

This turns into a vicious cycle. When prices rise, people and businesses tend to borrow more so that they can afford all the things the want to buy, whether it be cars, holidays or home improvements. This is turn causes interest rates to rise even more due to increased demand in borrowing money.

Inflation is primarily caused by governments. It may be because of borrowing themselves, printing more currency, deficit spending or giving out more credit. There isn’t much that you can do as an individual to change this.

However if you are wanting to borrow money, there is plenty you can do when trying to understand what is happening. Governments can’t keep increasing inflation as it would get to the point where there would be large demands for something to be done. When something does have to be done, this normally involves closing down the spigot or just slowing down the actions detailed above.

These actions affect how you borrow money, just like inflation. Deflation lowers rates which makes borrowing more attractive. However this causes the dollars to be worth less than they are tomorrow. Basically this means that your money is worth more tomorrow if you save and invest, than they are today.

If you are looking to borrow it’s a case of making a calculated guess as to whether inflation or deflation is going to occur. It sounds rather complicated but there are ways for the laymen to understand.

There’s no exact method set in stone but there are indicators to look out for and anyone can do this. In times gone by people used to look at the gold and silver markets, however the dollar isn’t linked to hard commodities anymore.

Because oil is such an important commodity which is linked to the production of so many products, increased oil prices means that inflation is more likely. If you notice that oil prices are set to increase or decrease in the future, you’ll have an idea of inflation.

Bond option prices are also a good signal. Professional money managers bet on whether interest rates will change considerably over the next year or two. This can be a slightly more tricky relationship to understand so it would be a good idea to ask a specialist.

Remember, the dollar today measures the costs of services and goods you buy today. But when you borrow money, those dollars are being spent today but paid back in the future. The value of the dollar when you pay back your loan reflects the true cost.

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