Mortgage Modifications DECLINED In May

Posted by  on Tuesday, July 8th 2008     

It probably doesn’t signal the end of the mortgage meltdown, but there’s even more positive news in the real estate world:

The “Hope Now Alliance”, an organization focused on assisting home owners avoid foreclosure and stay in their homes, announced that the number of mortgage modifications declined from April to May. There were 182,901 modifications in April and approximately 170,000 in May.

The significance of this difference is that fewer mortgage modifications suggest fewer homeowners who are facing unbearable financial stress. A good thing, indeed.

This drop is a relatively small 7% and it could be a one-time event. However, it is plausible to think that this evidence, combined with the significant buying activity in previously declining markets (like Las Vegas, Nevada and Riverside, California) suggests that the real estate markets are firming, even in the most seriously hard hit real estate markets.

This is a time for prudent opportunism.

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Categorized in Main Content, Real Estate Investing, Real Estate Investing News
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The Whipsaw Real Estate Market

Posted by  on Monday, July 7th 2008     

According to a recent article, some interesting things are happening in some previously devastated real estate markets:

  • Housing sales are up over 20% from last year in Las Vegas, Nevada!
  • Housing sales are up over 79% from last year in Riverside, California!

Both of these ares have been very hard hit by “mortgage meltdown” - and both of these areas are definitely behaving in a “whipsaw” fashion, with the massive and rapid declines giving way to similarly violent moves upward in market activity.

One of the primary pieces of evidence of the bottom of a real estate market is when serious investors begin buying in markets that are popularly considered to be “distressed”. And that is definitely happening in some of the decimated real estate markets like Las Vegas.

My friends, I’ve been saying for months now that this may be the best buying opportunity you’ve ever had for residential real estate. And I’m sounding the call again now: The time is now.

Thanks for reading FreeRealEstateTraining.com!

Categorized in Main Content, Real Estate Investing, Real Estate Investing News
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Rating The Real Estate Gurus

From the old names like Ron LeGrand and Robert Allen to the new kids on the block like Preston Ely and Tim Mai, there's a "real estate guru" for every topic and taste. Frankly, many of them turn my stomach. But many of the real estate investing gurus offer something worthwhile. This section of BryanEllis.com is loved by some of the gurus and positively despised by others. But the good news is that all of the reviews are directed by you, my esteemed readers. So do you want to find out who is the "real deal" and who to avoid like the plague? It's all here, click here now: Real Estate Guru Reviews.

Guru Reviews

Subject-To Investing;

Free Subject-To Training:
The End Of Mortgage Applications!

Subject-To is the "Mercedes Benz" of creative real estate investing buying strategies. With it, you can buy real estate without getting a loan - all you do is take over payment on existing loans. Conceptually it's pretty simple. But the implementation can be tricky. That's why we're proud to provide complete Subject-To training - including instructions, contracts and strategies - all at absolutely no cost to you. Click here for more: Subject-To Real Estate Investing Training

Subject-To Investing

Joint Ventures: How To Work With Us

Note from Bryan Ellis: I take great pride in the amazing array of free education available here at Free Real Estate Training. But of course, doing so is very expensive and time consuming, and the way we fund our service is to occasionally offer relevant products and services to our readers. If you offer such a product or service, or if you are an expert in a real estate-related subject area, then I'd like to talk with you. However, please note: You will be checked out thoroughly before we agree to work with you. My readers are the most important part of my business, and you will be forced to prove to me that your offer represents value and that you'll respect their needs before and after they do business with you. If you suspect you will not survive such an examination, then please don't contact us. But if you have an offer that is of legitimate value and you are an ethical business person with a verifiable history to prove it, contact us by clicking here: Real Estate Investing Joint Ventures.