If youre one of the millions of homeowners or property investors who is in danger of foreclosure, the last thing you need is to fall victim to a scam that causes unnecessary loss and suffering.Scammers are smart in their goal to get your money, your house, or both. They can look like very legitimate experts or companies. In fact, one company that was recently caught and indicted for scamming homeowners spent $7 million on advertising to lure...more
The craze has extended to such an extent, that even older mansions are also now being converted to make them look chic and modern and make them suitable like a condo kind of living.If you check the advertisements related to Calgary Homes for sale, you will be surprised to find that most homes are either condos, or offer condo like living conditions. In our busy and hectic lives no one has ample time to spend in maintenance of home, or mowing of...more
With rent increases outstripping wages growth and inflation, it is becoming increasingly difficult for low to middle income earners to enter the private rental market. To address this problem, the federal government has launched the National Rental Affordability Scheme (NRAS), for the purpose of providing assistance and funding to increase the supply of affordable rental dwellings. The scheme aims to provide more affordable housing, by offering generous incentives for investors, developers and not-for-profit groups who participate and offer rental properties at 20% below the current market rate. The scheme reduces rental cost for low and middle income earners, whilst encouraging large scale investment to provide affordable housing. The two primary reasons for the implementation of the NRAS are: 1. To increase the supply of new rental housing directly into the housing market2. To improve affordability for the eligible target groups By offering substantial investment benefits, the scheme aims to assist institutional investors, developers and not for profit groups to deliver 50,000 rental dwellings over the next two financial years, and a further 50,000 post 2012. The introduction of...more
PEI is a small island province, the smallest province in Canada. PEI has historically been best known for that little red haired orphan, Anne of Green Gables as well as the growing of potatoes. However PEI has grown up and while still retaining it rural charm is now home to the usual array of big-box stores, malls, and other trappings of modern...more
When youve made the decision to ask your bank for a loan modification because youre having trouble affording your mortgage payment and other expenses, two things make up the seemingly simple first steps you need to take: 1) call your bank and let them know that youre facing financial hardship because your financial situation has changed, and that...more
As I'm sure you know, news of the "rescue plan" or "bailout" has been the top news story for months. With the promise of $700 billion going to save the economy, our failed banks, and the bad mortgages that millions of Americans have, how do you know if this government program can save YOU and your mortgage?The truth is ... you don't. And you might not for some time.As with the original Hope for Homeowners act passed in April 2008, this rescue package, still called Hope for Homeowners but now in tow with a newly formed Troubled Asset Relief Program (TARP), has some major shortcomings which will, unfortunately, NOT SAVE millions from suffering the high costs of foreclosure.David Leonhardt explained in a recent New York Times article, "The Treasury Department's $700 billion bailout fund -- as its structured now -- may spend almost nothing on troubled mortgages of the regular homeowner or investor." News reports also uncovered that over half of the $700 billion that was set aside to stop foreclosures has already been spent. Other reports confirm that the government is well beyond this amount and is actually committed to trillions of dollars in aid. However, the majority of this money...more
With the morass of legal and tax ramifications involved in pursuing a short sale, foreclosure or bankruptcy, many of todays distressed homeowners need more than a Web browser to find the right solution for their financial challenges.Ask Elin...more
When youre in danger of foreclosure, what you might not realize is that you dont have just one problem you actually could have many. Those who dont realize this and just walk away from their foreclosure are in for a real surprise. They are most...more
Youve heard that investing in real estate can be very lucrative. Before you get started, here are seven questions to ask yourself.1.Is this a hobby or a business?Ask yourself why you want to invest in real estate.-Do you want another income...more
Those of us who are wholesaling houses know it is critical to have buyers ready to purchase your houses as soon as you get them under contract. You think you have a great deal in hand and want to wholesale the contract to a cash buyer. The biggest...more
Todays real estate market has become tricky to navigate. Many homeowners have said to themselves I have to sell my house. You may need to sell fast due to foreclosure, job relocation, or loss of income. Or you may want to sell your house fast...more
Following a very successful launch, Midas Homes (the new homes in Devon specialists) , in partnership with Westco Properties, has just released some more homes at its New Horizons development off Higher Exeter Road in Teignmouth.The development...more