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Property Crossroads - Real Estate Info

Archive for September 2007

September 27th, 2007

Maricel Ferrer-Custodio is Moving on…

I just wanted to inform my readers that this is my last month writing for Property Crossroads and b5media. Thanks for taking time to stop by to read the articles, subscribe and make comments.
I also wanted to thank, b5media; for the opportunity they’ve given me, my former channel editor Doug Hanna; for all the guidance […]

By Maricel Ferrer-Custodio -- 3 comments

September 22nd, 2007

Top 9 Mistakes That Could Lead to Buyer Regret

Love at First Sight : Buying the first property you fall in love with can be your worst mistake, especially if you find out that there is something better at a more affordable price.  It is best to check out several properties, compare its best features, before you narrow down your choices.  What can be […]

By Maricel Ferrer-Custodio -- 5 comments

September 21st, 2007

Surviving the Global Credit Crunch

Source: YouTube Submitted by: JurockVideo
Recently, I’ve posted articles about understanding foreclosure, the subprime crisis and how it affected global markets. The fear right now of most home owners and buyers is not so much about the mortgage crisis, but how to survive it. Real estate is a cycle, the trick right now is to hang […]

By Maricel Ferrer-Custodio -- 0 comments

September 21st, 2007

Global Market Meltdown

Source: YouTube Submitted by: linktv
I would like to share this video I found in YouTube which can give you a quick overview of how the subprime crisis in the United States affected the other global markets and how it threatens to create a worldwide credit crunch.  It can give you a better understanding of the […]

By Maricel Ferrer-Custodio -- 0 comments

September 19th, 2007

A Closer Look at Foreclosure: Part II

In "A Closer Look at Foreclosure: Part I",  I mentioned about the increase in foreclosure in the subprime portion of the mortgage market and  how it escalated to a crisis that had a widespread effect in the US financial market and other global markets.
So how did this happen?
Reading this article in NYTimes, "Inside the Upside-Down […]

By Maricel Ferrer-Custodio -- 1 comment

September 18th, 2007

A Closer Look at Foreclosure: Part 1

Foreclosure has always been around.  But, usually it happens to people who had an unfortunate event in their lives such as a job loss, serious illness and divorce. Lately, even people who are living normal lives, those whose circumstances before and during their mortgage never changed were also affected. 
At present, foreclosures are so prevalent […]

By Maricel Ferrer-Custodio -- 1 comment

September 17th, 2007

US Mortgage Rates Lower than a Year Ago

"Interest rates on prime conforming loans fell across the board in the past week, with rates on 30-year fixed mortgages averaging 0.15 percentage points below the previous week’s level." as announced by Frank Nothaft, Freddie Mac vice president and chief economist in a news release.

The current interest rates for the week ending September 13 are:

30-year […]

By Maricel Ferrer-Custodio -- 1 comment

September 14th, 2007

Top Do’s and Dont’s When Facing Foreclosure

Facing foreclosure can make any home owner emotional, confused and helpless.  A lot of people may offer to help, but not everyone is genuine with their intention.  The increase in foreclosure have resulted to an increase of foreclosure related scams. Sadly, these scam operators have found a lucrative business niche by taking advantage of people […]

By Maricel Ferrer-Custodio -- 0 comments

September 13th, 2007

Stockton: Foreclosure Capital USA

According to RealtyTrac, Stockton is the foreclosure capital of USA.  In a population of 300000, 1 in 27 households is facing foreclosure.  Stockton had 8000 foreclosures so far in 2007. 
 Among the neighborhoods in the area, Weston Ranch; a 15-year old subdivision of modest tract homes has the worst foreclosure rate. In fact, it has […]

By Maricel Ferrer-Custodio -- 3 comments

September 12th, 2007

Sellers: Make Your Home Standout from $100

Home Staging:  Budget $100

Source: YouTube  Submitted By: Barbara Corcoran
Total money spent in transforming the house was $91, used mainly on paint.
Things Done:

Painted the house in a light color.
Removed the clutter
Let the sunshine in

Home Staging : Budget $500

Source: YouTube  Submitted by: BarbaraCorcoran
Total money spent in transforming a studio apartment $486.01
Things Done:

Rearranged the […]

By Maricel Ferrer-Custodio -- 0 comments

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