Bargain real estate prices to be found in the US, research confirms
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The sellers of more than 25% of residential properties currently on the market in the US reduced the asking price of their home at least once in the past 12 months, according to new research. Filed Under Deals, News | Leave a Comment
With so many homeowners mired in terrible ARMs (adjustable rate mortgages) and no viable method to free themselves from them, loan mods have been on the rise. But now there is a new sheriff in town. It’s called mortgage principal reduction.
Billions of dollars worth of commercial mortgages are due to reset from 2009 to 2012. Many holders of these mortgages won’t be able to refinance because of decreasing property values. High unemployment has also taken a toll on the real estate market. Because tenants are not able make rent payments, scores of office and apartment complexes will likely have less cash flow and go into foreclosure. How can a commercial loan workout he… Filed Under Deals, News | Leave a Comment Last September, the IRS updated Rev. Proc. 2009-45 which allows for a more proactive approach to obtain a commercial loan modification. The IRS realizes that owners of commercial real estate will have a harder time refinancing when their loan reaches maturity date. Due to the current tightening of credit, many borrowers in the next two years or so will not be able to refinance. Even if owners have the income stream, they still run … Filed Under Deals, News | Leave a Comment Billions of dollars worth of commercial mortgages are due to reset from 2009 to 2012. Many holders of these mortgages won’t be able to refinance because of decreasing property values. High unemployment has also taken a toll on the real estate market. Because tenants are not able make rent payments, scores of office and apartment complexes will likely have less cash flow and go into foreclosure. How can a Commercial Loan Modification help avoid…
The national average price reduction was 10%, but more than 40% of the top 50 major metro areas saw average price reductions above 30%, the report from San Francisco-based real estate search firm Trulia shows.
Mortgage Principal Reduction The New Sheriff.
IRS Updates Procedure to Make Commercial Loan Workouts More Attainable
Using Commercial Loan Modifications to Prevent Foreclosure
