REivax Investments

Is a Short Sale Specialist Right for Me?

According to Nolo’s Dictionary of Law Terms, a short sale is defined as A sale of a house in which… [more]

What new buyers need to know.

So you've decided to buy a house, but you're not sure if your finances are quite up to speed. Even if… [more]

Real Estate

Is a Short Sale Specialist Right for Me?

According to Nolo’s Dictionary of Law Terms, a short sale is defined as A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Short sales usually occur when the homeowner is facing foreclosure. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage … [Read More...]

What new buyers need to know.

So you've decided to buy a house, but you're not sure if your finances are quite up to speed. Even if you hope to buy six months from now, there are numerous improvements and adjustments to be made in the interim, prior to taking on a mortgage. First-time home buying is well documented as an arduous process, and much of that can be attributed to the sheer number of new and unexpected issues. … [Read More...]

How Can a Short Sale Help Me?

How Can a Short Sale Help Me? Author: Short Sale A real estate short sale occurs when a property owner sells their property for less than the mortgage amount owed to their lender(s). On the surface, this may seem like only the borrower benefits from such a transaction. However, that couldn’t be further from the truth. Note: See our “Are You a Short Sale Candidate” to find out if you or … [Read More...]

Freddie Mac and Fannie lift the ban

Freddie Mac and Fannie Mae have lifted the ban on the sale of foreclosed homes, frozen since the document handling fiasco that started nearly two months ago. Freddie Mac sent a memo to agents instructing them to “resume all normal sales activity” while Fannie Mae issued a memo telling agents to “proceed with scheduling and holding the closings” of foreclosed sales. Fannie Mae also … [Read More...]

First Time Home Buyer Tips

For the first time home buyer, buying your first home is one of the most exciting things you will ever do. If you have spent years living in apartments, there is nothing more satisfying than owning your own property. The process can be a little lengthy and you might hit a few bumps in the road to home ownership. The following tips will help the first time homeowner avoid some of the … [Read More...]

Short Sale Investing: Guidelines on Both a Buyer and a Homeowner’s Perspective

The cost of maintaining a real estate property is indeed treated an expense that must be spread over the asset’s useful life even if it depreciates. In real estate, when you shed a sum for maintenance, repairs, and other property necessities to be used to generate sales, you treat the item as an expense. Let’s put things in a much comprehensible example: let’s say you purchased a van to be … [Read More...]