John L. Scott Real Estate
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Monday, September 27, 2010
Tour a John L. Scott Home during October Open House month for a chance to WIN a complimentary trip for two to an exclusive, tropical location.
Posted by John L. Scott Admin at 9/27/2010 9:30:00 PM
Sunday, September 26, 2010
Enough with the doom and gloom about homeownership. Sure, maybe there's more pain to come in the housing market. But when Time magazine starts running covers that declare "Owning a home may no longer make economic sense," it's time to say: Enough is enough. This is what "capitulation" looks like. Everyone has given up. After all, at the peak of the bubble five years ago, Time had a different take. "Home Sweet Home," declared its cover then, as it celebrated the boom and asked: "Will your house make you rich?" But it's not enough just to be contrarian. So here are 10 reasons why it's good to buy a home. 1. You can get a good deal. Especially if you play hardball. This is a buyer's market. Most of the other buyers have now vanished, as the tax credits on purchases have just expired. We're four to five years into the biggest housing bust in modern history. And prices have come down a long way? about 30% from their peak, according to Standard & Poor's Case-Shiller Index, which tracks home prices in 20 big cit
Posted by dawnmitchell at 9/26/2010 8:49:00 PM
Wednesday, September 22, 2010
John L. Scott proudly supports the St. Luke's Children's Hospital at the 26th annual Scramble for kids.
Posted by John L. Scott Admin at 9/22/2010 11:55:00 PM
Tuesday, September 21, 2010
What is a short sale? A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt. Why is the number of short sales rising? Due to the recent economic crisis, including rising unemployment, and drops in home prices in communities across the nation, the number of short sales is increasing. Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses. A short sale can also be the best option for a homeowners who are ?upside down? on mortgages because a short sale may not hurt their credit history as much as a foreclosure. As a result, homeowners may qualify for another mortgage sooner once they get back on their feet financially. READ MORE.......
Posted by dawnmitchell at 9/21/2010 6:49:00 PM
Washington, September 16, 2010 Homeowners who are underwater with their mortgage may find that relief is on the way from a bill strongly supported by the National Association of Realtors? that would impose a deadline on lenders to respond to short-sale requests. The legislation, H.R. 6133, ?Prompt Decision for Qualification of Short Sale Act of 2010,? was offered yesterday in Congress by U.S. Reps. Robert Andrews (D-N.J.) and Tom Rooney (R-Fla.). The bill would require lenders to respond to consumer short sale requests within 45 days. READ MORE.....
Posted by dawnmitchell at 9/21/2010 4:44:00 PM
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