You don’t have to read beyond the headlines to know that prices are up, and interest rates have virtually doubled in the past twenty four months. In addition, many people have chosen not to look at their 401(k) plans or other investments because both have been down due to the current economic climate. The question is: How are these factors […]
OVERVIEW: Market effects of real estate Overproduction Purchasing less consumer goods With mortgage rates surging past 6% this week, the cost of home ownership is becoming more out of reach for borrowers. Some borrowers are deciding to wait, hoping that prices and rates will fall as the overall market and inflation slows with it. Other home buyers, however, are opting […]
Real Estate deed fraud unfortunately is on the rise. Recently, the Sun Sentinel reported that a property owner’s vacant land was sold by a person who pretended that he was the actual landowner in order to obtain the proceeds of a fraudulent mortgage refinancing. Initially, the alleged fraudster created a company using his name as the owner of the property […]