Jason's Blog!

"These incentives (homebuyer tax credit) stimulated home sales, but the deadline was April 30. Many analysts now project sales will drop sharply in the second half of the year. Some expect prices to plunge as well, especially if mortgage rates rise and more foreclosed homes hit the market." The a...

April 2010 Auto Sales Figures. These percentages are based upon a comparison of a month over the same month one year ago. In this case, April 2010 vs. April 2009. This is good news for an economic recovery. Consumers are spending again which indicates greater confidence in the economy and the con...

Commercial Property Flavor of the Month: 7 Unit Multi Families. The past 3 commercial loan inquires to come across my desk have all been the same property type. A 7 unit multi family. After speaking with several of my investors I've found that the financing terms and conditions on this property t...

On Site Auto Dealership Financing. Yesterday more than 100 new car dealers were in Washington voicing their concerns over some of the new proposed financial regulations. It appears that the finance departments may be severely restricted and limited with their ability to provide on site auto finan...

The expiration of the home buyer tax credit is upon us. I'd like to put out a caution about getting caught up in the last minute frenzy as the deadline approaches and warn about overpaying on a home or purchasing the wrong home just to get your 8k. The buying process in general contains some emot...

Overall this has been a very good week. Unemployment receded a little, a 27% spike in home purchase orders marking the highest surge in 47 years. GM even announced this week that they've paid back all the bailout money they received, with interest. The last one seemed to good to be true so I Goog...

Homeownership will no longer be a reality for many people. This doesn't mean that many people will not still be looking to or be able to live in a house. For the right investors, scooping up a REO property or other aggresively priced listing with the intent of collecting rental income may not be ...

Pricing to sell. (Craigslist items) At the end of March I started doing some spring cleaning around my house. We had a lot of baby and toddler items that were no longer needed so I figured I'd give Craigslist another try. I had tried a year ago but couldn't really see anything through to where I ...

My office just recorded a new tip line for home owners who are selling their home on their own. Hopefully the suggestions, all of which are low cost, can help in making your home more appealing to buyers. Here is the Free 24 hour recorded consumer information: 1-800-936-8698 Ext 752. Low cost tip...

Potential good news for Shadow Inventory. Here are some new survey results relating to the future purchase of a foreclosed property as an investment. 17% of surveyed said they will buy a foreclosed property as an investment. This figure has basically tripled in the past 6 months. 10% plan to pay ...