Monthly Archives: May 2012

Posted ago by Cary Cox

ShareThere are still lots of mortgages underwater in the nation as found here in a great article by Zillow. These mortgages in my opinion will continue to hold the housing market down for years to come as these numbers don’t …

Remembering Memorial Day

Posted ago by Cary Cox

ShareMany of us have had family members and friends serve our nation honorably with military service. For them I have the utmost respect. My uncle flew a glider full of infantrymen on D-Day, my father served during Korea, my father-in-law …

FHA Condo Mortgage Eases

Posted ago by Cary Cox

ShareFinally it looks like the FHA is coming to it’s senses and easing the mortgage underwrting guidelines for condomimims. Recently FHA issued rulings that made it very difficult at best for homeowners associations to recertify their communities to be eligilbe …

Houston Home Sales Brisk

Posted ago by Cary Cox

ShareAs a member of the Houston Association of Realtors I am able to share with you some good news. April Home Sales in Houston were brisk and mortgage rates are great. Here’s the latest from HAR. HOUSTON — (May 15, …

Shadow Inventory Drag

Posted ago by Cary Cox

ShareWe’ve saying it form months that “Shadow Inventory” or the mortgages that have yet to go throgh the foreclosure process even though the borrowers have quit making the payments will be a drag on home prices in most of the …

Renovation Mortgage

Posted ago by Cary Cox

ShareAccording to finanaical investment company Morgan Stanley about ninety-five percent of foreclosed homes need some type of renovation or rehab work done to them. With investors seeking to acquire rental properties through REO sales it’s important to be able to …