Tag Archives: Genuine

“Where Are All The Houses? The Reasons Behind Shrinking Inventory” — New Write-up Posted to the Holloway Group Website by the Knoxville Genuine Estate Group

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Knoxville, TN (PRWEB) January 31, 2013

The Holloway Group, the major Knoxville real estate group at Gables &amp Gates, REALTORS has posted a new write-up to their internet site titled, “Exactly where Are All The Houses? The Causes Behind Shrinking Inventory”.

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Troy Stavros, Broker and Partner with the Holloway Group states, “The old adage of supply and demand is at it again. House costs are on the rise since the number of Knoxville homes for sale continues to dwindle.” According to the latest study numbers from the National Association of Realtors, the inventory of properties for sale dropped eight.five% from November, 21.6% from 1 year earlier, and is at the lowest level because January of 2001.

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So why are we seeing inventory of Knoxville properties for sale drop? Right here are the motives:&#13

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Prime 10 Quick Sale Misconceptions – Knoxville Genuine Estate Team, the Holloway Group has Added a New Post on Their Web site

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Knoxville, TN (PRWEB) February 07, 2013

The Holloway Group, the top Knoxville true estate group at Gables &amp Gates, REALTORS has written a new write-up on their site titled, “Best 10 Short Sale Misconceptions”

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Quick definition: A short sale is when a bank agrees to accept less than the total quantity owed on a mortgage to steer clear of obtaining to foreclose on a house.

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Troy Stavros, Broker and Companion with the Holloway Group stated, “There are so many alternatives today for struggling property owners that they need to no longer have to ever go by way of a foreclosure.”.

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Let’s look at the Prime ten misconceptions with regards to quick sales:

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Misconception #1: If mortgage payments can not be created, foreclosure is the only choice. Coming out of the final few tough years, far more alternatives have turn into offered than ever prior to to stay away from foreclosure. Quick sales and loan modifications are the most prevalent.

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Misconception #two: Allowing the residence to go into foreclosure leaves the homeowner cost-free of any future repercussions. Not accurate! Even soon after a foreclosure property owners could be hit with owing a deficiency balance (this implies owing the distinction between what your home sold for and what you owed) or IRS tax liability. A appropriately negotiated brief sale has the potential to relieve a homeowner from this debt.

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Misconception #three: Short sales are also challenging to qualify for. There are truly only two principal criteria needed to qualify for a short sale. Initial, the residence need to be worth less than the existing balance on the mortgage. Second, the owner must be able to prove a accurate economic hardship, such as a decrease in wages, job loss, divorce, or healthcare situation that has altered the ability to make the same income as when the loan was originated.

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Misconception #4: Banks do not want to do short sales.Incorrect! Any day of the week a bank would take undertaking a quick sale more than possessing to foreclose on a home. Foreclosures expense banks lots of money and man power. In fact many banks are providing incentives for buyers that complete a quick sale as an alternative of going by means of foreclosure.

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Misconception #5: Quick sales never take place quite usually. Today in many genuine estate markets, short sales are 10-50 % of total sales. A lot of authorities are predicting that 2013 will see the highest quantity of quick sales to date.

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Misconception #6: Quick sales are also challenging and hardly ever get approved. Brief sales like any Knoxville true estate transaction demand the expertise of a real estate agent that is educated in the approach. If short sales are denied, it is generally simply because the appropriate procedure was not followed. Quick sale approvals are taking place day-to-day with the support of knowledgeable experts.

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Misconception #7: A quick sale will be expensive for the homeowner. In truth this is the comprehensive opposite of the truth. A brief sale ought to not cost the homeowner any out of pocket expenditures. The commission paid to the Knoxville real estate agent selling the home is taken care of by the bank. Really, with the numerous incentive programs getting offered by banks and the government, a homeowner may possibly in fact stroll away with more funds!

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Misconception #eight: A brief sale is not an choice since a foreclosure notice was currently sent. Even though this timing may possibly make a short sale much more hard, it can nonetheless happen. Banks have been identified to delay foreclosure proceedings in order to get a short sale approved and finalized. The recommendation would be to start the quick sale method as early as achievable, but if a foreclosure notice has been received, never give up hope.

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Misconception #9: Denial of a loan modification signifies a quick sale will not be attainable. Even though both of these alternatives are techniques to keep away from foreclosure, they are separate entities and handled by various departments at the lending institution. Just simply because one particular says no, this has no bearing on what the other division will say.

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Misconception #10: Doing a quick sale will eradicate the possibility of acquiring an additional property in the close to future. Like all loan approval, a lot of variables are taken into consideration. With that becoming said, in November, mortgage giants Fannie Mae and Freddie Mac stated a homeowner might be eligible to buy once more two years following a brief sale. Some newer FHA applications could allow a purchase sooner than that.

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ABOUT THE HOLLOWAY GROUP AT GABLES &amp GATES, REALTORS

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The Holloway Group is committed to bringing the very best attainable knowledge to fruition for purchasers and sellers of Knoxville genuine estate. At the Holloway Group we never believe typical is good adequate for our consumers. At the forefront of the Holloway Group is experience. Our group was produced to serve our clientele even far better with specialization and knowledge. We know that individually we can’t be every little thing to everyone so we have come with each other as a group, bringing all of our diverse strengths, so you often perform with the best. We pride ourselves on becoming ahead of the curve on technologies and how it can serve our consumers. When you are a client of the Holloway Group, you can anticipate to have our complete team of experts working to fulfill your individual actual estate aim. As a member of Major Actual Estate Companies of the World the Holloway Group and Gables &amp Gates, REALTORS can assist you with locating the most certified true estate expert to suit your needs, anywhere in the world! Pay a visit to our internet site to search ALL Knoxville homes for sale. Contact us right now for assistance.

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Much more Loan Modification Press Releases

“Options exist” for Genuine Estate Investors In spite of Modification of Bush Tax Cuts, says Peak 1031 Exchange, Inc. Executive Kevine M. Levine.

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Woodland Hills, CA (PRWEB) February 08, 2013

In what appears to be holding up as a strong true estate marketplace delivering fairly advantageous returns as we enter 2013, it may well look that the expiration of Bush-era tax cuts and substitution of the increased capital gains tax rates established by The American Taxpayer Relief Act of 2012 could lessen options and returns for the upper-earning investor.

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Not so, says Kevin Levine, Executive Vice President of Peak 1031 Exchange Inc. (http://www.peakexchange.com), Even though at initial glance, federal and state tax prices could rise a staggering 58% for actual estate investors beneath numerous aspects of post-Fiscal Cliff and other new legislation, there are ways to soften and delay that form of impact.

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Levine advises investors with an eye on lengthy-term returns to assess each their portfolio and their sense of exactly where the industry is headed and — if they stay committed to genuine estate as a channel for robust returns and inflation protection — to investigate a 1031 exchange to defend gains to date and defer the bite of elevated taxes for now. Executing a 1031 exchange permits a actual estate investor to defer the capital gains taxes generally due on the sale of a home by way of a like-type home exchange rather than an outright sale.

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For the upper-earnings investor, the capital gains tax rate has improved from 15% to 20%, to which must be added state taxes in certain states as effectively as a 3.8% Medicare surtax on net investment income — but under a 1031 exchange, all of these improved taxes are deferred. In reality, Levine points out, investors had already begun to come to Peak 1031 Exchange, Inc. to investigate and execute these kinds of transactions even just before the Fiscal Cliff was averted at years end. It turns out to have been a wise defensive move then, he says, One particular that, for the proper investors, seems even smarter to check out proper now.

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Peak 1031 Exchange, Inc.(http://www.peakexchange.com) is a leading national provider of tax-deferred 1031 exchange solutions, specializing in all like-type transactions including Simultaneous, Delayed, Reverse, Improvement and Individual Home exchanges. It is part of the Peak Corporate Network (http://www.peakcorp.com), a brand representing a group of entities providing a complete array of commercial and retail actual estate services nationwide which includes mortgage lending, loan servicing, brief sale solutions, foreclosure solutions, real estate brokerage and escrow services.

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Omega Implementing Merge Technique to Build a Industrial Genuine Estate Lending Platform

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MIAMI (PRWEB) June four, 2008

This inventive technique will focus on Omega and a Merger Candidate entering into a Program of Merger Agreement with the common elements and structure:

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Omega and merger Candidate will agree to merge the Candidate with OCFN as a wholly owned subsidiary organization of OCFN. The merger Candidate assets will be evaluated by certified true estate analyst and have to meet our institutional underwriting criteria. Omega’s Securities and Exchange accounting firm will conduct a full audit of the financials of each and every ownership entity, like but not restricted to the most current 2yrs Earnings Statement, 2yrs Balance Sheet, year to date Statement of Operating (Interim Financials), and 2yrs tax returns. Additionally, the merger candidate should provide an appraisal of every single home, corporate documents, operating agreement, and any other associated documents. Upon the completion of the necessary due diligence, the Merger Candidate will turn out to be a wholly owned subsidiary of Omega Commercial Finance Corp., hereinafter named the “Efficient Date”. Post merger, OCFN via its investment banking relationships will use our Balance Sheet (not the asset) to raise capital for development, acquisitions, and recapitalization for the merger candidate. As a wholly owned subsidiary each entity will operate separately from OCFN and sustain its existing management and employees. Nonetheless, ownership will become a Board Member of OCFN as a specific Co-Chair committee member that oversees the approval procedure of any material event pertaining to the merger candidate’s asset, and with Veto Power for any choice pertaining to that operation. OCFN will participate through the Operating Agreement a negotiated profit split of the Net Profits of the merger candidate post merger. The present subsidiaries of Omega Commercial Finance Corp. ASG Securities Full Service Broker Dealer Omega Capital Funding LLC fully operational loan origination and administrator for public company Omega is searching for strategically to align ourselves with non core and core asset owners, to build a solid commercial real estate finance organization in a market place that is in require of mid level CRE financing. We feel by merging with asset owners and utilizing our public company’s platform will improve the use of the capital markets to develop an unyielding firm.

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Our Core Business Objectives

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Omega seeks to originate short term (2 to five year term) financing for commercial real estate (CRE) complete loans, mezzanine loans, participating equity loans, and distressed CRE portfolios of large financial institutions. The majority of our clientele consists of domestic institutional industrial actual estate purchasers, developers, knowledgeable actual estate investors, and foreign corporations, who are mostly focusing on quick to mid term structured financing applications and/or loans collateralized by CRE and other assets. Loans are originated with the intent to be securitized and sold in the secondary market place.

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How the County Recorder and a Living Trust Avoid Probate of Genuine House by Mark Bidwell

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Irvine, California (PRWEB) Could 29, 2013

Essential to avoiding probate of genuine home and genuine estate is to file quit claim deeds and affidavits with the County Recorder. Mark W. Bidwell, a California attorney, explains documents necessary to fund the trust even though living and documents necessary to distribute actual home on death.

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The state of California maintains databases of real house and genuine estate ownership by county. The owner of record in the county database is final and can not be disputed. To transfer ownership of true house the owner of record should sign a deed and file the deed with the County Recorder.

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The problem happens when the owner has died and can’t sign a deed. The County Recorder can transfer true house owned by a decedent only by order of a probate judge of the Superior Court of California.

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Probate Court can be avoided when real home is owned by an men and women trust. California law authorizes the County Recorder to transfer property out of the trust owned by an person who has died by affidavit and deed.

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Very first an affidavit of death of trustee with a death certificate attached is filed with the County Recorder. An affidavit is a sworn statement administered by a notary public that the details stated in the affidavit are true. The notary does not have to verify the facts stated in the affidavit. The notary does have to verify the identity of the individual and document the swearing.

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The affidavit states who died particulars on the prior recording to fund the trust and most importantly, who is authorized under the terms of trust to sign and record documents with the County Recorder. The affidavit is recorded with the County. As a outcome a new individual steps into the decedents footwear and can act on behalf of the decedent.

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The second step is to transfer the genuine property out of the trust and to the beneficiaries of the trust. This transfer is completed by a quit claim deed. Beneficiaries are men and women named in the trust who are to acquire the home of the trust. A quit claim deed transfers ownership as is with no warranties of title or debt.

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Probate is a court action with all the safeguards, protection and red tape that comes with public adjudication. A trust is a private action between people with tiny government more than website or protection. As a result trust transfers of actual home are far more effective.

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Probate takes about 1 year, price thousands of dollars and is open to the public. Trust administration requires about 1 month, charges hundreds of dollars and is private. But to steer clear of probate the actual property must be transferred into the trust although the owner is living.

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Deed and Record is an on-line service to prepare quit claim deeds and affidavit of death of trustee for actual home transfers into or out of living trusts. The Web Service records deeds and affidavits death of trustee it has ready with the County Recorder. Deed and Record does not supply legal advice or services.

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Deed and Record markets by way of websites, mostly, DeedAndRecord.com. The owner of the web sites is Mark W. Bidwell, Attorney at Law and CPA Inactive. Office is situated at 18831 Von Karman Avenue, Suite 270, Irvine, California 92612. Telephone number is 949-474-0961. E-mail is Mark(at)DeedandRecord(dot)com.

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