Finding the Best Real Estate Agent

Posted by gerb0327 on February 17, 2010 under Uncategorized | Be the First to Comment

When buying a home, you need a real estate agent to serve as your guide during the whole process of buying your home.  Finding the perfect home for you can be devastating at times especially when you are on your own. By having an experienced real estate agent around you, he can make things easy for you by giving you options about the best deals in the market so to narrow down your home options.

In finding the best real estate agent, you may want to find someone who is worthy of the amount you are willing to pay for. So what exactly are the qualities of a good real estate agent? A good real estate agent is someone who has an extensive experience in the real estate field, someone who has good professional and working ethics and knows the ins and outs of how the real estate market work.

One of the best ways to find the best real estate agent is by asking referrals to your relatives, neighbors and friends that you know that might be able to help you. By asking information from them, you will know whether or not you can trust these agents and if they are worthy to be paid for.

Searching online is also another good option since these days home listings are almost everywhere on the web. But be careful in doing so because there are some you can trust and there are also you can’t.

Utah Real Estate is where you can fine the most competent real estate agents and professionals who would love and willing to offer their services to you. Visit Utah Homes for Sale and Northern Utah Homes for more info.

Strategic Defaults – Are they Ethical?

Posted by abarker on February 9, 2010 under foreclosures, Uncategorized | Read the First Comment

I listened to a podcast last night on voluntary foreclosures. It was interesting. With a voluntary foreclosure, the borrower elects too let the home foreclose, even though they can afford to make payments because they have so much negative equity.

Strategic defaults are especially popular in areas like Arizona, California, and Nevada, where home values shot up, and then plummeted down in a matter of years. People who bought during the peak have literally seen hundreds of thousands of equity lost in the flighty real estate market.

For people in this situation it becomes an economic deal. They can quickly purchase a new home for half the price of their current property, then stop making payments on the home that they owe far more than it is worth and let the bank take it back.

States like Arizona actually have laws that banks cant seek deficiency judgments for foreclosures, regardless of the reason.

My question is, is behavior like this ethical? These borrowers signed a note where they committed to pay back this mortgage loan. They agreed to these terms.

In my opinion it isn’t ethical. The bank never did them anything wrong, the owners are the ones who agreed to pay back the note when they signed it. Making banks lose $100,000′s of thousands of dollars by strategic default isn’t much different than armed robbery. Either way, the banks are going to lose money they are entitled too.