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Property Management Blog

Mortgage After Foreclosure?

Saturday, December 18, 2010

Recently someone submitted a question to Bankrate.com and asked about the possibility of getting a mortgage after a foreclosure (read the full article here). The article goes on to discuss how difficult it can be to get a mortgage after a foreclosure. But, the sad part is that it is becoming that hard for many people to get a mortgage for many reasons other than a foreclosure. Bankrate offers a solution that we here at Group 15 have been endorsing for a long time now: Lease Option! There are many advantages as a buyer to locking in on a Lease Purchase instead of just renting and paying your landlord's mortgage. And you can take the steps necessary in the interim while you are in the midst of your Lease Purchase to then be able to exercise your option and get that mortgage that is elusive to you at this present time.  Read More »

QE2, inflation and what it means for real estate.

Wednesday, December 15, 2010

While I enjoy being a lifelong student of economy, I can easily see that there are a great many people way smarter than I am that are trying to make sense of our current set of circumstances. For most of us, up until recently we may have thought that QE2 might be something akin to Carbon Dioxide. But, if you have been paying any attention to the news lately you know that Quantitative Easing is all the hubbub. And like any present day issue, it is, of course, highly politicized with its detractors and supporters. Here's the 10 second elevator speech on QE2: "A lot of really smart people are concerned about inflation, but they are even more concerned about deflation. So, they are going to print lots of money as an attempt to fight against deflation, even if it leads to higher inflation." Please comment below if you have a more refined or better definition that might shed some light on the issue.   Read More »