Buyers get excited about the listed price of short sales when they see them online, but that excitement fades over the months--as they wait to hear back from the bank on their offer. Many, if not most, short sales end in buyer disappointment. RealtyTrac (R) reported last year that "Pre-foreclosure short sales took an average of 245 days to sell...". That's 8 months. Compared to a normal 30 day close--8 months is a lifetime. What is worse than that is that buyers can very often wait 4-6 months before the bank even considers a short sale offer in the first place. So, it's not the closing... Read More
Scalea is far from the most renowned coastal resort in Calabria, the southern Italian region on the tip of the country’s boot-shaped landmass. But for investors who can see past the gloomy headlines and want to make an investment in Italian real estate, Scalea is by far and away a fantastic opportunity. The town boasts all the usual features one would find at seaside retreats that are more popular with overseas tourists – a glorious sandy beach, clear azure waters and a temperature averaging a warm 50.5 degrees in January, rising to 78.5 in the hottest months of the year. Even October has typical... Read More
The beaches of Italy's Amalfi coast are among the most exclusive and glamorous anywhere in the world. That’s hardly a surprise. Its 70-mile shoreline offers breathtaking views as its winds through picturesque towns and villages such as Amalfi, Ravello and PositanoLittle wonder that since it became a staging post for Victorian-era upper-classes on the Grand Tour, it has attracted the world's rich and famous. It has price tags to match as well. A property overlooking the coast here can leave you with little change from $4m.
Yet if you are prepared to travel a short distance from here,... Read More
Throughout my years of inspecting, I have learned that all new homes will have their defects of one kind or another, regardless of the quality of construction or the integrity of the builder. This is because human imperfection prevents anything as large and as complex as a home from being constructed flawlessly.
The belief that any new product is free of defects and necessarily flawless runs contrary to common sense and experience. The return counter at any department store provides ample evidence of this fact. When applied to new homes, the belief that new means perfect can lead... Read More
I have a temporary mortgage. What do you mean temporary? Until they foreclose. Yes, it is a Pity You Didn't Read The Small Print BUT what are the foxes doing in charge of our hen house anyway? Why are terrorists in charge of our financial system? Terror is a state of intense fear, one or something that inspires fear, a frightening aspect terrors of invasion>, a cause of anxiety : worry d : an appalling person or thing. That's all very clear and straight forward to me. Terror is exactly how my family and feel from these home lenders.
FACT: America is still a Free Speech Zone isn't... Read More
Hello, Mr. Graneau. Welcome to Broowaha. You’re currently promoting your book Renters Win, Home Owners Lose: Revealing the Biggest Scam in America and are joining us today for an interview about your book and how American homeowners are being scammed.
Q: Please introduce yourself and tell us about your book.
A: I was born in Dominica, a small island in the Caribbean with a population of roughly 70,000 people. At seventeen years old, my mother and I immigrated to the United States. At age twenty-five, I joined the military and spent fourteen years in the U.S. Navy. Most recently,... Read More
I can tell you that as an agent who has been in this business for more than 9 years, the number of buyers who now start their house hunt on the internet has increased to the point where, I can conservatively say, 90% of my new buyers come from the internet.
I hear a number of theories expressed as to why we are experiencing this new way of beginning relationships. The beginning may be a bit detached as though we are, client and agent, circling one another to see if this might be a mutually beneficial, stress free (a delusion regardless of the basis for the relationship-we are after all... Read More
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