2012 is shaping up to be a very tough year for the global economy
Foreclosures expected to rise, pushing home prices lower
California and other states are likely to see an enormous wave of long-delayed foreclosure action in the coming year as banks deal more aggressively with 3.5 million seriously delinquent mortgages.
Filed under Real Estate Market, San Gabriel Real Estate
SHORT SALE: Helping You To Preserve Your Credit
I have been receiving numerous calls from home owners and real estate agents with questions on how “short sale process work”. I put together this “SHORT SALE: Helping You To Preserve Your Credit” as a guide to understanding this complex process.
Click Here to Download the Short Sale Homeowners edition Presentation (PDF FILE)
New Foreclosure Wave is Coming
CNBC Dec 15, 2011 – “November’s numbers suggest a new set of incoming foreclosure waves, many of which may roll into the market as REOs [bank repossessions] or short sales sometime early next year,” said James Saccacio, co-founder of RealtyTrac. “Overall foreclosure activity is down 14 percent from a year ago, the smallest annual decrease over the past 12 months, and some bellwether states such as California, Arizona and Massachusetts actually posted year-over-year increases in foreclosure activity in November.”
Filed under Real Estate Market
Our decade from hell will get worse in 2012
As financial historian Niall Ferguson writes in Newsweek: “Double-Dip Depression … We forget that the Great Depression was like a soccer match, there were two halves.” The 1929 crash kicked off the first half. But what “made the depression truly ‘great’ …began with the European banking crisis of 1931.” Sound familiar?
Filed under General Economy
Realtors: We Overcounted Home Sales for Five Years
Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.
Filed under Real Estate Market
How to Sell Your House FAST at TOP DOLLARS
Every home owner wants to sell their house for as much money as possible, but many times if the asking price is too high your house will help sell other houses in your area. Over-pricing property usually has the following effects:
- Increases market time, which causes homes to sell for less than market value.
- Buyers who should be looking at your house will not see it because it is out of their price range.
- Buyers who do look at it purchase larger homes that are priced the same.
- You receive low offers or no offers at all. Remember, a higher asking price does not automatically equal a higher sales price. The more you overprice a property, the more likely you will sell it at a price lower than it is worth.
You want to price your house to attract buyers for your neighborhood. The more buyers you have the more they will compete for your house, which will drive your price up. Then you can receive offers over and above your asking price.
H.R. 3648: The Mortgage Forgiveness Debt Relief Act.
The federal government enacted H.R. 3648, the Mortgage Forgiveness Debt Relief Act, to help stem the tide of foreclosures by removing the tax burden resulting from debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with short sales.
Filed under Foreclosure Prevention, Free Hot Tips
MetLife White Paper Finds Employee Financial Wellness A Growing Global Concern For Employers
As the effects of the recent financial crisis continue to be felt across the globe, financial stress is an issue for both women and men. MetLife’s 9 th Annual Study of Employee Benefits Trends found that 58% of employers state that financial “illness” plays a role in employee absenteeism and 78% said that concerns over financial problems while at work can have a negative impact on employee productivity. And it has been estimated that 15% of workers are experiencing stress from their poor financial behaviors to the extent that it reduces their job productivity.
READ MORE – ORIGINAL SOURCE LINK
As an employer, have you ever:
* Had an employee take time off work for personal financial related issues?
* Lost productivity because of an employee’s loss of focus on the job?
* Had employee facing foreclosure?
If you answered yes to any of these questions, we may be able to help.
CLICK HERE FOR GROUP / EMPLOYEE BENEFITS PROGRAM AT NO COST TO THE EMPLOYER
Filed under Free Hot Tips, General Economy, Real Estate Market
