Seller financing - an option that requires careful review
POSTED: Monday, August 30, 2010 at 03:06 PM PTBY: Dolan Media Newswires
Tags: financing, Real Estate
Real estate prices today are historically low because there are far fewer buyers than sellers. Foreclosures continue to flood the market with bargains. But people seeking to buy real estate during a severe recession often are unable to qualify for financing even though interest rates are enticingly low.
In such times, seller financing can be used [...]
Short-sale scam means losses for lenders
POSTED: Monday, August 30, 2010 at 02:58 PM PTBY: Dolan Media Newswires
Tags: financing, Real Estate
Since the homebuyer tax credit expired earlier this year, short sales have been one of the only tactics enticing people to buy a home in an otherwise grim market. And with any good thing in real estate, investors are looking to take advantage of it.
CoreLogic, a California-based real-estate data company, released data yesterday that showed [...]
Commentary: Pendulum has swung too far on underwriting
POSTED: Monday, August 30, 2010 at 02:44 PM PTBY: Dolan Media Newswires
Tags: Real Estate
As summer comes to a close, there’s still plenty of sunshine, but it seems few rays of optimism in the housing market.
Existing home sales in July were horrible. New home sales were also down. Unemployment remains stubbornly high as companies are seemingly content with staging a jobless recovery.
Foreclosures and short sales continue to depress values [...]
Idaho commercial market may be spared number of foreclosures 
POSTED: Friday, August 27, 2010 at 01:04 PM PTBY: Jennifer Gonzalez
Tags: foreclosures, Michael Ballantyne, NAI Pinnacle, Ray Frechette, Real Estate, state of Idaho, Thornton Oliver Keller
Recently, Idaho ranked as one of the top states nationwide when it comes to the number of foreclosure filings for single-family homes. However, some local real estate experts say the Treasure Valley’s commercial real estate market might not be affected to the same extent. In fact, they say now is a prime time to buy [...]
Idaho ranks high in foreclosure filings
POSTED: Monday, August 23, 2010 at 09:44 AM PTBY: Jennifer Gonzalez
Tags: Ada County, Coeur d'Alene, Foreclosure, Multiple Listing Service
Historically low interest rates, combined with a large inventory of homes on the market priced to sell are three reasons why now is the time to buy a home.
George Tallabas, an associate broker with Re/Max Advantage in Nampa, said those incentives are lucrative for perspective buyers. However, for some current homeowners facing the possibility of [...]
Boise-area home prices decline in second quarter
POSTED: Thursday, August 19, 2010 at 10:39 AM PTBY: Jennifer Gonzalez
Tags: Ada County, home prices, Intermountain Multiple Listing Service, Re/Max, Real Estate
Now is either the best or worst time to buy or sell a home in the Treasure Valley, depending on whether you’re a buyer looking for a bargain or a seller who’s been forced to list your home well below its value.
“If you’re a homeowner wanting to sell, it’s not a good thing. But if [...]
High vacancy rates positive draw to downtown Boise
POSTED: Wednesday, August 18, 2010 at 02:37 PM PTBY: Jennifer Gonzalez
Tags: Downtown Boise, Retail Vacancy
It took only hours for Kacey Montgomery to find the ideal location to open a restaurant. It took two years before the space became available.
“The location is huge,” Montgomery said. At 215 North Eighth St., Matador joins a handful of other restaurants and retail outlets in downtown. “It was Eighth Street or nothing [...]
Sluggish retail opens door to percentage leases
POSTED: Monday, August 16, 2010 at 05:10 PM PTBY: Dolan Media Newswires
Tags: financing, Real Estate
Landlords and brokers looking to fill vacant retail spaces in downtown Portland think they might find relief in a type of lease that puts a new spin on who stands to gain when a tenant turns a profit.
Percentage leases, usually reserved for malls, are more frequently being used by local real estate professionals to fill [...]
Judge orders fine for Seattle mortgage broker
POSTED: Monday, August 16, 2010 at 05:05 PM PTBY: Associated Press
Tags: Financial Services, Idaho Department of Finance, mortgages
An Idaho judge has ordered a Seattle-based mortgage broker to pay more than $1 million in penalties and restitution for fraud and violations in state laws.
A judge in Ada County ruled that Access Mortgage engaged in numerous violations, including submitting a false mortgage loan application to a lender.
Other violations include ignoring a Department of Finance [...]
Firm aiming to buy Tamarack may have exaggerated info
POSTED: Monday, August 16, 2010 at 04:44 PM PTBY: Associated Press
Tags: Tamarack
A Salt Lake City company that has offered to buy Idaho’s Tamarack Resort changed its website Aug. 16 after being questioned about the accuracy of its information.
The Associated Press scrutinized a passage on the Pelorus Group’s website that told potential clients it has been providing services for a dozen years. Utah secretary of state records [...]
