1) Help repressent the side you are on

2) Make you feel comfortable

3) Make the transaction more enjoyable and easy.

$18,000 price reduction and newly remodeled!

There are:
2 bedrooms
1 bath
2 family rooms
1 dining area
1 kitchen
2 car garage w/garage door opener

NEW carpet, NEW tile and FRESH paint.

As added incentive, the seller is including:

1)  Toro lawn mower and all the lawn tools.
2)  Joe Weider two man weight lifting station worth over a $1,000.

Automatic sprinklers
Fully Landscaped.
Breathtaking views.

Beautiful gas fireplace and ceiling fans

One year home warranty.

READY TO MOVE INTO.

One of my Lenders sent me the following and it is short, sweet and to the point!

Just a heads up on several mortgage related items:

1. On April 1, 2010, FHA will be increasing their Up-Front-Mortgage Insurance Premium (UFMIP) from 1.75% of the loan amount to 2.25%. The monthly factor will remain unchanged. For your client to receive the lower UFMIP, the FHA case number needs to be ordered prior to April 1, 2010. We typically only need the Borrowers info and property address to get a case number assigned. Let me know ASAP if we need to get that done on any of your clients.

2. The United States Department of Agriculture (USDA) Rural Housing program has notified all lenders that it anticipates running out of funds before congress can appropriate more. As of Monday there was $3.7 Billion funds available for purchase transactions. Please note that this is for the entire nation and with the expiring tax credits, funds are expected to be depleted rapidly (I have heard projections into mid May). To reserve your clients funds with USDA we need to have a complete package underwritten (including property selected and appraisal completed) and then sent to the USDA Office in Salt Lake for a commitment. The turn times for USDA in Salt Lake is currently five business days and I expect this to grow as we get closer to the tax credit deadlines. Other lenders like Wells Fargo Wholesale, BB&T, and Freedom Mortgage have suspended this important product line, but we continue to have access and underwriting turn times are 24-48 hours. Let me know if you have any clients that need to get their applications into Rural Housing.

3. Rates shot up today due to fears of Credit Rating Agencies possibly downgrading the credit rating of the United States debt as was done today to Portugal’s debt. Couple this with the Fed’s expiring purchases of mortgaged-backed-securities at the end of this month and bond investors are nervous. I think it is fair to say rates will rise faster than we would like. Let me know if we need to get any clients locked before more damage is done.

****Our current turn-times on underwriting is 48 hours and we are getting appraisals back in three to four business days. Let me know if I can help you or any of your clients.

Thanks!

Branden Jensen
Primary Residential Mortgage, Inc.
Phone 435.753.6400
Email bjensen@primeres.com

Well as you can tell…lots of changes, let me help you with all your Realtor needs!

Justin Harding
801.376.0626
justin@utahcornerstone.com

I am in the process of getting my SFR (Short Sales and Foreclosure Resource Certification). The SFR Certification is the ONLY short sales and foreclosure certification endorsed by The National Association Of REALTORS.

After taking the course I am qualified to answer your question What is a Short Sale? and many other questions.  But lets talk, What is a short sale?

Wikipedia says:

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.

What I would like to get across is that not all short sales are “good deals.”  The reason being is that the previous owner could have paid to much.

Example (both buyer 1 and buyer 2 have similar homes in similar neighborhoods)

For instance if  Buyer 1 bought a house in 2000 for 175,000 and now in 2009 just sold it for fair market value for 200,000 and buyer 2 bought their house in 2007 when the market was at a peak, for $250,000, and now 2 years later they want to sale their house it will be hard to sale it for more then what their neighbor just sold their house for. So now you have someone who owes 250,000 on their house and they can only get 200,000 for it.   This is what a short sale is, the buyer is “SHORT” 50,000 on their note at the time of sale.

Do you see how it wasn’t a “GOOD DEAL.”  The sellers were just “SHORT” money.

Please let me assist you in all your Real Estate needs, including any short sale questions you have.

Justin Harding
801.376.0626
Justin@utahcornerstone.com
www.utahprorealtor.com

I thought it would be interested to see how many short sales are actively on the market in Utah.  I looked on the Utah MLS and their are currently 3893 active short sales on the market out of 20,520 total houses on the Utah market.

Do something BIG for your wife this year! Buy her a house. Let me help you get into one that her HEART will love and that is a HOT deal.

If you are trying to figure out what to buy your husband for Valentines, you could always get him a Guided Utah Fly Fishing Trip.

To whom it may concern,

I have a lot of clients who tell me what they want so that when I see it I can let them know. If you would like me to do this for you so that you too can buy a Logan Utah House. Let me know.

Your friend in Real Estate,

Justin Harding

Logan Utah Home

How should YOU pick a Realtor in Logan Utah?

That’s easy, pick me, Justin Harding, for all your Logan Utah Realtor needs.

It’s all about YOU!

For training this week, we talked about what NOT to do as Logan
Utah Realtors. This is a very professional movie showing you what we WILL not do as we represent you as Realtors in Cache Valley.

If you are reading this post, you are probably in the market to buy a home in Logan Utah.  I am curious is the MLS statics are accurate to what is true.  PLEASE post the average home price of the homes you have been looking at/qualify for.  I will then make a chart to show you what the MLS has to say and we will see how the two numbers match up.

Thanks!

Your Logan, Utah Realtor

Justin Harding