Skip Schenker talks with Chico, CA realtor Tara Taylor about a recently completed FHA 203k Renovation loan transaction for her buyer. The home did not have an operable kitchen and needed repairs that the seller, a bank, would not complete.
Skip Schenker talks with Chico, CA realtor Tara Taylor about a recently completed FHA 203k Renovation loan transaction for her buyer. The home did not have an operable kitchen and needed repairs that the seller, a bank, would not complete.
Posted in Brokers, FHA 203k, Homes, Purchase, Realtors, Skip Schenker
Tagged Chico, FHA 203k, Realtors, Skip Schenker
Skip Schenker of Renovation-Radio.com discusses the issue of a “sagging roof” that was cited by an FHA appraiser on an appraisal for an FHA 203k renovation loan. This leads to a problem when a homebuyer wants to use an FHA 203k Streamline loan for repairs and renovation as a sagging roof is a “structural problem” and should prompt the loan to become an FHA 203k Standard loan with the use of a HUD Consultant and general contractor.
Posted in Broadcasts, FHA 203k, FHA Loans, Homes, HUD Consultants, Purchase, Renovation-Radio, Skip Schenker
Tagged Appraisals, Contractors, FHA, FHA 203k, FHA Steamlines, Roofs, Sagging Roofs, Structural
National Public Radio (NPR) discusses the potential end to the housing crisis with economist Mark Zandi explaining what it will take for the bust to end — and sketches out housing’s profound influence on the broader economy.
If you want to know when the bust will end, Zandi says, look at foreclosures and short sales. Those typically occur at a big discount to prevailing prices, so they push overall prices down.
At the moment, almost a third of all houses being sold are foreclosures and short sales. The housing bust won’t really be over until that percentage falls sharply. Zandi says that’s likely to happen by the end of next year.
For more: http://www.npr.org/blogs/money/2010/11/02/131017239/the-tuesday-podcast-the-end-of-the-housing-bust
Posted in Broadcasts, Homes, NPR, Purchase
Tagged Foreclosures, Housing Bust, Housing Market, NPR
Skip Schenker speaks with John Sawyer of Energy REO Solutions, a Nationwide Repair & Remediation Services company based out of Minneapolis, MN. They were attending a conference in Maryland on Oct. 31 – Nov. 2 sponsored by Energy REO Solutions
.
Posted in Conferences, Contractors, Homes, Purchase
Tagged Conferences, Energy REO Solutions, John Sawyer, Skip Schenker
REO-Radio.com Host Skip Schenker with Richard Grunder of HouseMaster Home Inspections at the California Assoc. of Realtors (CAR) conference on Oct. 6, 2010 in Anaheim, CA.
Skip Schenker talks with Richard Grunder of HouseMaster.com at the California Assoc. of Realtors conference on Oct. 6, 2010 regarding the importance of Home Inspections.
Posted in Broadcasts, Inspections, Purchase, Realtors, Renovation-Radio, Skip Schenker
Tagged HouseMaster.com, Inspections, Interview, Richard Grunder, Skip Schenker
Skip Schenker talks with Pete Nyiri (on right) of Top Producers Realty & REO in Corona, CA about the REO industry and Pete’s 40 years in the real estate business.
Posted in HUD, Purchase, Realtors
Tagged Pete Nyiri, Realtors, REO's, REO-Radio, Skip Schenker
Nearly one in four homes sold in the second quarter of this year were foreclosures, according to the research firm RealtyTrac. The company estimates banks will take over a record 1.2 million homes this year — up from a million last year. Those foreclosed homes sold for 26 percent less compared to homes not in foreclosure.
Posted in Broadcasts, NPR, Purchase
Tagged Foreclosures, Homeowners, NPR, Sales Price