RealtyRight.com Announces April as Free Loan Modification Month

For sure, there are a lot of real estate loaners in distress and for that matter, RealtyRight.com has decided to go easy and offer an indirect form of extension by announcing April as Free Loan Modification Month.

In explaining his decision to extend the offer of free complete loan modification services through the entire month, Mr. Taylor said. "With tax time bearing down on homeowners, plus the many other issues they face, especially those in need of loan modification help, we decided it would be in everyone's best interest to extend the offer to include the entire month. This way people can catch their breath a little after April 15 and still take advantage of the offer."

The offer is for more than a free consultation which, explains Taylor, is another reason for the extension. "Offers to provide free consultations are all over the place in the newspapers and Internet. We've yet to find anyone offering free, soup to nuts, loan modification representation and consultation. It's easy for a homeowner or Realtor to get confused and assume we're offering only the consultation. We want to give the totality of the offer a chance to sink in."

The April is Free Loan Modification Month offer ends midnight April 30, 2009. Realtors interested in offering free loan modifications to homeowners in their communities are invited to visit RealtyRight.com for details.




(Source) PR Web

Watch out for the Real Estate Scams

With a crisis-ridden world today, you are bound to encounter some con artists who will try to con you out of your money. Much of them prey the real estate business and mislead you. Not all people have settled the premiums of their homes and for sure, expect some scam brokers to come knocking on your door and give you options. Options for them to earn and steal away from you of course.

That is just the thing these days. You can no longer tell who are genuine and who are not. Mortgages and loans especially in the real estate sector has had its share of these scammers. So whether you trust you broker or not, be careful. You may end up losing more than just getting rid of back debts in mortgage bills for your home.

The most basic involves pushing on homeowners' phony documents that appear to be a new mortgage application. These are known as rescue loans which, if correctly represented, give a homeowner the cash to stave off a foreclosure. Instead, these false documents turn over the title.

A more sophisticated version of this scam involves a rent-to-buy provision. Here, a mediator matches a distressed homeowner with a management company that takes over the property while giving the homeowner the ability to become a long-term renter, with his rent paying down the mortgage.

(Source) Yahoo Real Estate

High Cost Real Estate Markets Today

Hard times are here and apparently much has hit the real estate binge. People are apprehensive of buying property these days and much of it is because they cannot afford it.

There will be of course loan options where you can borrow a certain percentage of the whole price of the property and pay in installments. But if you are the wise pencil pushing person today, you also have to manage your finances. One non-payment will incur penalties which in turn will become additional expenses unsolicited.

You will be surprised though that some countries like London, Monaco, France, and Hong Kong could care less about the crisis besetting us today. For them it is business as usual and while the turnover of these properties may not be that fast, they are willing to wait. They believe in their work and apparently someone will come along and buy these properties. Well…hopefully that is.

Despite global economic concerns, the credit squeeze, and rising commodity prices, properties in the world's most expensive neighborhoods are still commanding ferocious premiums. While $1.5 million in Cleveland or Tampa would probably purchase a substantial house, with four bedrooms, a multicar garage, and maybe even such amenities as a swimming pool and media room, in London's Belgravia or on Manhattan's Fifth Avenue, it would buy you little more than a glorified shoebox.

(Source) Yahoo Finance