Buy Wisconsin Real Estate

Buy Wisconsin Real Estate Now! Remember the old saying "Buy Low and Sell High"? Well this is exactly the time to be buying Real Estate in Wisconsin. Prices are low, interest rates are cheap and your selection of real estate in Wisconsin is large. As the economy is slowly starting to turn around, you need to increase your real estate holdings before prices and interest rates begin to increase.
http://rismedia.com/2010-02-24/economic-recovery-to-continue-at-moderate-pace/

HAMP Missteps to Prolong Home Price Declines

Moody's Investors Service is forecasting another 8% decline in home prices over the course of 2010 before a bottom in residential property values is reached, largely because of the "underwhelming" success of the administration's Home Affordable Modification Program (HAMP). The ratings agency predicts a peak-to-trough drop of 34% in national home prices. That's actually an improvement over Moody's estimates last month, when the agency was expecting a total peak-to-trough decline of 37%.

However, it's the duration of depreciation that's the headline grabber. Previously, Moody's analysts were predicting the price floor to be reached in the third quarter of this year. Now they say it won't be hit until the end of the fourth quarter. The reason for the extended freefall, Moody's says, is the timing of foreclosure sales hitting the market. Despite the administration's efforts to stem the tide of foreclosures, Moody's said in a January report that its analysis shows that only 400,000 to one million homes will be saved through HAMP. The agency's projections fall significantly short of the federal government's promise to keep three to four million homeowners out of foreclosure.

A Better Career in Real Estate

A Better Career in Real Estate: No Desk Fees, Fantastic Training, Beneficiary & Retirement Residuals. Can you do something with that? Are you getting tired of your company taking huge fees and not really giving the support you deserve? I did! Come check out Exit Realty XL in Wisconsin. Contact Jerry Grosenick: 262.573.9334 or jerry@exitrealtyxl.com right now.

REALTORS WANTED!

MEQUON, THIENSVILLE, CEDARBURG, JACKSON, SLINGER, HARTFORD, GERMANTOWN, RICHFIELD, MENOMONEE FALLS, BROOKFIELD, SUSSEX, MERTON, ERIN, MILWAUKEE

LOOKING FOR MORE MONEY??

RESIDUALS
LOWER COSTS
BETTER TRAINING
NO DESK FEES EVER
BENEFICIARY BENEFITS
RETIREMENT BENEFITS

LET'S TALK EXIT REALTY

Jerry Grosenick - Broker/Owner
www.ExitRealtyXL.com

Why a Career with Exit Realty:
http://vidego.multicastmedia.com/player.php?p=sj1xr3w1

A Better Career in Real Estate

Looking for a Better Career in Real Estate? Retirement Benefits, Beneficiary Benefits, Residual Income. Can you do something with that? See this video right now!

http://http://vidego.multicastmedia.com/player.php?p=e0j0298o

We have 1,500 offices in North America and 51,000 agents. Let me help you get your business to the next level. Call Jerry Grosenick Right Now: 262.573.9334 or jerry@exitrealtyxl.com
I can place your business anywhere in North America.

Employment Report affect Mortgage Rates

How Did The Employment Report Affect Mortgage Rates?

Mortgage rates improved a few basis points yesterday as panic set in on Wall Street. Headline news called attention to a developing crisis of confidence in the European Union where Greece, Spain, and Portugal all face ballooning budget deficits and rising government borrowing costs. Fear caused a global stock market sell off which led nervous investors to reallocate funds into what is considered to be the safest investment in the word, US Treasuries. This "flight to safety" into the bond market helped mortgage-backed securities prices move higher which allowed lenders to pass along slightly lower mortgage rates. While improvements were noted,many originators were expecting more aggressive loan pricing from lenders, but as has been the case over the past few weeks, 4.75% continues to be the best rate available. (This is the most aggressive quote in the market and will require borrowers to discount points.)


The Bureau of Labor Statistics released the monthly Employment Situation report this morning. This is the single most important piece of monthly economic data released to the market. Since consumer spending accounts for the vast majority of our economic growth, market participants track jobs as a way to gauge consumer demand and economic activity. If unemployment is moving higher, more Americans are without a job and therefore without stable income. This drains consumer demand and forces companies to keep costs low to stay in line with falling revenues. High unemployment is bad for stocks, whats bad for stocks is usually good for bonds and mortgage rates. To read more...

http://www.mortgagenewsdaily.com/consumer_rates/133561.aspx

Short Sales made Easier

Short Sales are very difficult sales and are not for everyone.

Jerry Grosenick with Exit Realty XL

Germantown, Wisconsin

GUIDELINES FOR SHORT SALE BUYERS
　
　
* Not all buyers are good candidates for a short sale
* Must understand issues or buyers are wasting time
* Average time (Larger institutions: 90 - 120 days)
* No guarantee of lender approval
　
ONE THING THE LENDER LOOKS AT TO GAUGE,
IF THIS TRANSACTION HAS A:
"REASONABLE CHANCE OF CLOSING"
　
It is recommended that Buyer(s) follow these steps:
1) Home Inspection to be done 10 days after Seller's approval NOT Mortgage approval
2) Submit buyer(s) loan application to their bank after Seller's approval NOT Mortgage approval. Short time between lender approval & closing.
3) Buyer must get approved for an extra 1/2 point above current mortgage rates on their loan commitment with a DU case #, 20 days after Seller's acceptance.
4) Earnest Money needs to submited 3 days after Seller's acceptance.
5) Price must not be unreasonable.
6) In buyer(s) offer include: "No subsequent contracts may be submitted to the lender.
　
BUYER(S) ARE FREE TO SUBMIT ANY OFFER. THESE ARE GUIDLINES THAT WILL GUARANTEE A HIGHER CHANCE OF SUCCESS ON YOUR SHORT SALE OFFER.
THERE ARE NO GUARANTEES WITH A SHORT SALE.

Here is another interesting Short Sale article:
http://feedproxy.google.com/~r/inmannews/~3/cYU26TlF9NI/the-truth-about-short-sales