1. What is Real Estate? Real estate From Wikipedia, the free encyclopedia Jump to: navigation, search Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. In recent years, many economists have not recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes. In spite of the name, real estate has no connection with the concept of reality (in other words, the law does not consider real property more "real" than personal property). It derives instead from the feudal principle that in a monarchy, all land was considered the property of the king. Thus originally the term real estate was equivalent to "royal estate", real originating from the French royale, as it was the French-speaking Normans who introduced feudalism to England and thus to the English language; cognate to Spanish real. With the development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields. Cities such as Vancouver, British Columbia have experienced remarkable growth in real estate prices in the new millenium. Specialists are often called on to valuate real estate and facilitate transactions. Some kinds of real estate businesses include: Appraisal - Professional valuation services Brokerages - Assisting buyers and sellers in transactions Development - Improving land for use by adding or replacing buildings Property management - Managing a property for its owner(s) Real Estate Marketing - Managing the sales side of the property business Relocation services - Relocating people or business to different country Within each field, a business may specialize in a particular type of real estate, such as residential, commercial, or industrial property. In addition, almost all construction business effectively has a connection to real estate. "Internet Real Estate" is a term coined by the internet investment community relating to the parallel that exists between high quality internet domain names and real-world, prime real estate. Federal Home Loan Mortgage Corporation From Wikipedia, the free encyclopedia Jump to: navicording a home sale with the local authorities, thereby making it part of the public records. TOP Refinance Obtaining a new mortgage loan on a property already owned often to replace existing loans on the property. TOP Renegotiable Rate Mortgage A loan in which the interest rate is adjusted periodically. See adjustable rate mortgage. TOP RESPA Short for the Real Estate Settlement Procedures Act. RESPA is a federal law that allows consumers to review information on known or estimated settlement costs once after application and once prior to or at settlement. The law requires lenders to furnish the information after application only. TOP Reverse Annuity Mortgage (RAM) A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home as collateral for and repayment of the loan. TOP Revolving Liability A credit arrangement, such as a credit card, that allows a customer to borrow against a pre-approved line of credit when purchasing goods and services. TOP Satisfaction of Mortgage The document issued by the mortgagee when the mortgage loan is paid in full. Also called a "release of mortgage." TOP Second Mortgage A mortgage made subsequent to another mortgage and subordinate to the first one. TOP Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages they make to obtain more funds to originate more new loans. It provides liquidity for the lenders. TOP Security The property that will be pledged as collateral for a loan. TOP Seller Carry Back An agreement in which the owner of a property provides financing, often in combination with an assumable mortgage. See owner financing. TOP Servicer An organization that collects principal and interest payments from borrowers and manages borrower escrow accounts. The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market. TOP Servicing All the steps and operations a lender performs to keep a loan in good standing, such as collection of payments, payment of taxes, insurance, property inspections and the like. TOP Settlement/Settlement Costs See closing/closing costs TOP Shared Appreciation Mortgage (SAM) A mortgage in which a borrower receives a below market interest rate in return for which the lender (or another investor such as a family member or other partner) receives a portion of the future appreciation in the value of the property. May also apply to mortgage where the borrowers shares the monthly principal and interest payments with another party in exchange for part of the appreciation. TOP Simple Interest Interest which is computed only on the principle balance. TOP Standard Payment Calculation The method used to determine the monthly payment required to repay the remaining balance of a mortgage in substantially equal installments over the remaining term of the mortgage at the current interest rate. the following FAQs is provided for general information purposes only and is not intended to be a legal opinion nor legal advice nor is it intended to be a complete discussion of all the issues related to the area of Chapter 7 consumer bankruptcy. Every individual's factual situation is different and you should seek independent legal advice regarding specific information. Your House and Car Depending upon which exemption scheme is selected and your circumstances, you may exempt up to $100,000 in equity. When calculating your equity you should use a value that is based upon a forced liquidation as opposed to the best selling conditions to arrive at a value for your home. Once you know the value, subtract the amount owed plus selling and transfer costs from the value to calculate the equity. In a depressed market, liquidated properties are often valued less than what we like to think the property is worth. Depending upon which exemption scheme is selected, you make keep your car if your equity is equal to or less than the allowed exemption. Generally speaking, depending upon the exemption scheme selected, you may exempt as little as $1200 or as much as $9100. When calculating your equity you should use the Kelly Blue Book or a comparable guide. Once you know the value, then subtract the amount owed from the value to calculate the equity. Generally, most courts understand that you need a car to work to get back on your feet. Apply rules of common sense here: If you own vintage cars which are free and clear and worth thousands of dollars, you are probably not going to be able to keep them. If, on the other hand, you have a car worth $10,000 and you owe $8000 on it, you will most likely keep it. Again, the need to talk to a good lawyer should be evident. Most leased vehicles have no equity and therefore are entirely exempt. If you owe money on your car or it is leased you must still make the payments. In those instances you will have to redeem or reaffirm the property to keep it. However, in some circumstance your representative can renegotiate the loan or the lease to get a more favorable deal for you. Disclaimer: This information deals with Chapter 7 consumer bankruptcy. Each state has its own bankruptcy laws, so you need to check with your state for details. Information dealing with Chapter 13 bankruptcy and consumer debt restructuring is not discussed in the above FAQs. The information contained in the following FAQs is provided for general information purposes only and is not intended to be a legal opinion nor legal advice nor is it intended to be a complete discussion of all the issues related to the area of Chapter 7 consumer bankruptcy. Every individual's factual situation is different and you should seek independent legal advice regarding specific information. Commercial Underwriting Guidelines Commercial Financing is underwritten on a case by case basis. Every loan application is unique and evaluated on its own merits, but there are a few common criteria lenders look for in commercial loan packages. Financial Analysis A key component in making an underwrdown payment required by private mortgage insurers. The gift or grant may come from a friend, relative, community group or other organization. Private mortgage insurance is available on a wide variety of home loans and there is no preset limit on the loan amount. Although differences such as these may affect whether the mortgage company prefers to work with government or conventional mortgages, your mortgage professional will discuss which one would be better for your situation. With the wide variety of loans available, home buyers have the freedom to choose the type of loan that best suits their needs. Early on in the home buying process, it is a good idea to meet with several companies to compare the types of mortgages they offer and shop for the best price and terms. Best of all, working with a mortgage insurer can be very easy, whether your loan is insured by the FHA or a private mortgage insurance company, because your mortgage professional handles all of the arrangements. By making lending money to home buyers safer, mortgage insurance helps more families get into homes of their own. State Housing and Finance Authorities Alabama Housing Finance Authority P.O. Box 230909, Montgomery, AL 36123-0909 (205) 242-4310 Alaska Housing Finance Corp. P.O. Box 101020, Anchorage, AK 99510 (907) 338-6100 Arizona Department of Commerce Office of Housing Development 1700 West Washington Ste. 210, Phoenix, AZ 85007 (602) 771-1000 Arkansas Development Finance Authority 423 Main Street Suite 500, Little Rock, AR 72201-0000 (501) 682-5900 California Housing Finance Agency P.O. Box 4034, Sacramento, CA 95812 (916) 322-3991 Colorado Housing and Finance Authority 1981 Blake Street, Denver, CO 80202 (303) 297-2432 Connecticut Housing Finance Authority 999 West Street, Rocky Hill, CT 06067 (860) 721-9501 Delaware State Housing Authority Division of Housing and Community Development 18 the Green, Dover, DE 19901 (302) 739-4263 DC Housing Finance Agency 815 Florida Avenue NW, Washington, DC 20001 (202) 777-1600 Florida Housing Finance Agency 227 North Bronough Street, Suite 5000 Tallahassee, FL 32301 (850) 488- 4197 Georgia Residential Finance Authority 60 Executive Parkway South NE, Atlanta, GA 30329 (404) 679-4940 Hawaii Housing Authority 667 Queen Street Suite 300, Honolulu, HI 96813 (808) 587-0680 Idaho Housing Agency P.O. Box 7899, Boise, ID 83707 (208) 331-4889 Illinois Housing Development Authority 401 N. Michigan Avenue, Suite 900, Chicago, IL 60611 (312) 836-5200 Indiana Housing Finance Authority 300 South Meridian, Indianapolis, IN 46204 (317) 232-7777 Iowa Finance Authority 100 East Grand Avenue, Suite 250, Des Moines, IA 50309 (515) 242-4990 Kansas Office of Housing Department of Commerce 1000 SW Jackson, Suite 150, Topeka, KS 66603 (785) 296-5865 Kentucky Housing Corporation 1231 Louisville Road, Frankfort, KY 40601 (502) 564-7630 Louisiana Housing Finance Agency 2415 Qua of credit, an applicant must meet certain income and credit requirements, begin monthly repayments immediately, and the home can have an existing first mortgage on it. In addition, there is no restriction on the age of borrowers. In general, reverse mortgages are limited to borrowers 62 years or older who own their home free and clear of debt or nearly so, and the home is free of tax liens. Borrowers usually have a choice of receiving the proceeds from a reverse mortgage in the form of a lump sum payment, fixed monthly payments for life, or line of credit. Some types of reverse mortgages also allow fixed monthly payments for a finite time period, or a combination of monthly payments and line of credit. The interest rate charged on a reverse mortgage is usually an adjustable rate that changes monthly or yearly. However, the size of monthly payments received by the senior doesn't change. Some reverse mortgage products also involve the purchase of an annuity that can assure continued monthly income to the senior homeowner even after they sell the home. The size of reverse mortgage that a senior homeowner can receive depends on the type of reverse mortgage, the borrower's age and current interest rates, and the home's property value. The older the applicant is, the larger the monthly payments or line of credit. This is because of the use of projected life expectancies in determining the size of reverse mortgages. Seniors do not have to meet income or credit requirements to qualify for a reverse mortgage. Unlike a home purchase mortgage or home equity loan, a reverse mortgage doesn't require monthly repayments by the borrower to the lender. A reverse mortgage isn't repayable until the borrower no longer occupies the home as his or her principal residence. This can occur if the sole remaining borrower dies, the borrower sells the home, or the borrower moves out of the home, say, to a nursing home. The repayment obligation for a reverse mortgage is equal to the principal balance of the loan, plus accrued interest, plus any finance charges paid for through the mortgage. This repayment obligation, however, can't exceed the value of the home. The loan may be repaid by the borrower or by the borrower's family or estate, with or without a sale of the home. If the home is sold and the sale proceeds exceed the repayment obligation, the excess funds go to the borrower or borrower's estate. If the sales proceeds are less than the amount owed, the shortfall is usually covered by insurance or some other party and is not the responsibility of the borrower or borrower's estate. In general, the repaymmore than 400 institutional investors, Invesloan is also capable of being a correspondent lender and broker. In this manner, it will also allow our team to design and offer programs that will definitely satisfy your specific investment goals. If you are also worried of being pre qualified by your investor, we can actually provide you with our multi-step service. This process will actually ask you series of questions and then provide you with mortgage payment and ratio calculations that will help determine your home purchase or refinance prequal status. You may use our custom prequal analysis especially if you want to request for a prequal. As soon as you ask for this kind of request, you only have to send it to our staff of mortgage professionals. We can actually provide you with residential or even commercial investment loans. In a residential investment loan, you may choose between a short term and a long term investment financing solutions. The short term investment actually takes six months or less. This option will give you up to 100% loan to value leverage financing, prime or sub-prime credit status, no pre-payment penalty, low fixed or adjustable interest rates and financial negotiation assistance. On the other hand, you may also choose our more than 6 months of investment. This will give you the opportunity to get up to 100% loan to value leverage financing, specialty programs for maximum cash flows, low fixed or adjustable interest rates, prime or sub-prime credit status and financial negotiation assistance. When it comes to commercial investment loans, we actually finance various establishments. This includes multi-family or apartment complexes, mixed use, office, retail, warehouse, self-storage, mobile home Park, funeral homes, rooming house, day care, hotel or motel, campground, bar or restaurant, and many more. The best things that our commercial investment loan offers are the stated income or stated asset of a particular price up to 90% combined loan to value financing. This also includes full documentation of up to 95% combined loan to value financing. With this kind of investment loan, you may also have the lowest commercial interest rates on the market plus financial negotiation assistance. For your total guarantee, you may already request an application where you can acquire a full secure 1003 application and other forms through the use of our online application library or even by phone. For other information and inquiries, you may also check out other topics like your initial meeting with a mortgage professional, after the mortgage application, speed up the mortgage process and escrow account basics.
Singapore Property Market offers the largest property market platform for seller, buyer, tenant & expatriate relocation. Over 1000+ residential & commercial properties classified posted daily for sale & rent. Our portal are transparent, rich in resources & links to help your real estate & mortgage financing needs Whether you're buying,leasing or expat relocating, just do 2 clicks search to find your ideal property in 1 min.- The fastest properties listing classified search you can get in the web!
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You may explore those Ads by Google,
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and regional property market as well as Singapore property agencies, developers
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direct. Call us if you need help.
When you email us, please include your captured choice properties (highlight the
listing, right click copy & paste), indicate your brief profile, choice
criteria, your CONTACT & BUDGET. We response promptly if you need URGENTLY with
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To start Powersearch classified Search, click :
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Our services to
landlord and Seller (For sale or Rent, Rental, Lease or Leasing) : The highest selling price
of a property is defined by the market force it can absorb, and market
force is neutral to everyone and no one could manipulate unanimanously.
When landlord / seller come to aware on the market situation does not
support the calling price, they would either revise price to face market
reality, or choose to ignore the fact. If they still stick to their
price demand, the property would will never get sold but get stale over
time, while helping neighborhood properties transact faster due to the
prices contrast. We advise stale property to withdraw from the market
for good at least for a while, if price adjustment in response to the
market trend is too much to bear. When landlord / seller is
motivated to market his or her property for sale or rent, and is fully
aware about market situation, we would be glad to share our marketing
strategy to help to achieve the best possible realistic price and at
shortest possible time in the current market environment. To achieve
that, apart from active marketing program, the key is much on the
transparent approach - we open to co-broke with all realtors / agent who
could bring the landlord the best offer from their client. This is the
most crucial attribute every landlord /seller should look out for when
choosing an agent/realtor to market for his or her property. Choosing
the 'sky high guaranteed' realtor / agent would fall to the euphoria
trap like abovementioned and turns into nasty tussle if not properly
managed.
Check our
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preferred properties. To view, simply highlight those listings that
you're keen, copy & paste into the bottom message box(same window) &
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