I need to know if a foreclosure or short sale will affect my spouse’s credit. I am the only borrower on our mortgage loan. We are both on the title of the home. Will a foreclosure or short sale show up on his credit report since he is on the title of the property?? Again, he is not a borrower on the loan. Thx for any help!!

Since he is not on the loan, it will not directly affect his credit. But he will be guilty by association

In today’s financial climate, real estate continues to be a strong investment in many areas. When investing in real estate, they say that the three most important things to consider are location, location and location.

As mentioned above, location is an important factor in buying real estate, so make sure that you do your research first.

For real estate agents, the key to success is to mail to the same “farming” area over and over to get your name in front of potential clients enough so that they remember you when it is time to list or buy a home. Summarily, effective real estate marketing technique is the foundation of a good real estate marketing system, which is key to your short, intermediate and long term success. These real estate marketing ideas, anchored by a good real estate marketing listing system, can help supercharge your business and help you achieve the success you deserve.

Here’s an example of a real estate marketing technique that every agent and his and her uncle uses: “Offer a No Cost Obligation Competitive Marketing Analysis (CMA) to attract consumers. A real estate agent resume is made up of several marketing pieces – all of which are designed to attract new clients. A good real estate marketing flyer will also be attractively designed, neat and devoid of clutter.

A real estate post card marketing campaign will enable you to frequently and inexpensively market Real Estate Postcards to the masses, and as you know the more frequent your contacts with prospects the better your results will be. Most real estate agents stick with what they know and simply print up the details and send them around by post. Select a a series of real estate post cards to send to the owners in the targeted neighborhood(s).

Buyers and sellers need outstanding real estate agents to help them through the process of buying and selling a home. New college grads and other sales professionals seeking a job in the commercial real estate industry should do a thorough job of researching how good their prospective employers’ training program really is. The prospective commercial real estate professional should interview a couple of newer employees at the firm to find out how their training has gone so far.

Learn from the professional real estate investor and don’t get caught up in the “get rich quick” hype of highly leveraged real estate. Another benefit of doing things from this angle is that you’ll probably find a lot less competition especially in your local market relative to the other side of the fence of traditional real estate investments. Cyclical Nature of Real Estate-Downturns in the real estate market can decrease the value of a REIT investment.

Being an incredible sales person and entering the real estate market does not guarantee similar sales success.

Razho Litzodo
http://www.articlesbase.com/real-estate-articles/effective-real-estate-investment-for-making-big-income-126072.html

The real estate foreclosure process has become all too familiar to millions of homeowners. Did many of them make mistakes when they bought homes they could not afford? Did they find themselves upside down and were they forced to use credit cards to meet their monthly mortgage payments? Sadly, the answer for many of them was yes.

On the other hand, thousands of those middles class homeowners tried their best to find a way to head off a foreclosure. They made attempts to contact their mortgage holder to try to workout an extended payoff period. The problem was that thousands of other homeowners were trying to do the same thing and bank’s loan mitigation departments were overwhelmed with requests for help.

Many facing foreclosure actually were able to find buyers for their homes if they could get the bank to agree to a short sale. Here again, the lender was so backed up with similar requests that the homes often went to foreclosure auction before a reply was received from the bank.

Lenders were forced to make business decisions that led to a complete breakdown of the real estate finance system. We won’t waste time here pointing out that the genesis of the crisis was centered in Washington DC and a certain group of politicians.

With no where to turn who can blame many of the home owners facing foreclosure for just walking away from their homes. Some had the courtesy to drop their house keys into an envelope and send them back to the lender. That was so widespread that it became known as “jingle mail”.

We would never advise anyone to walk away from a home just because they couldn’t make the mortgage payment. Why do it? There are tens of thousands of foreclosed homes sitting vacant in the U.S. How many months do you think it will take lenders to begin asking people to vacate those homes?

There are not an army of buyers eager to buy homes. Banks don’t have enough people employed to even make one visit to many of the homes they have acquired through the foreclosure auction process.

My advice is to stay in the home until you are asked to leave. Even then stall as long as you can. Congress is considering all kinds of giveaway programs and you might find that some type of rescue plan falls right into your lap. During the time you remain in the home you will be free of monthly payments. Begin saving every nickel for a fresh start when you are asked to move.

What about investing in foreclosure homes? There are plenty to choose from and prices have come so far down from peak-of-the-bubble prices that they all seem to be bargains. Recent figures show that home sales have risen slightly, but prices are still trending down… and there’s the danger. Exactly what is the true value of a house today?

The U.S. is in for a few years of serious financial problems. What seems like a bargain today could be a buying disaster a few months from now. The long uptrend in home prices has been broken and it could be years before it is reestablished.

If you can buy banked owned homes by the dozen you may be able to get them so far below market value that you will be protected from any further drop in price, at least for awhile.

Another tactic is to have a plan that will allow the houses you buy to produce profitable income no matter what happens to values. One way to do that is to revert to the old fashioned idea of room rentals. Many workers will be losing jobs or taking employment at a greatly reduced earning level. They will need a place to live. You can generate more income by renting rooms rather than renting the home to one person or family.

The world is now living in a “bail out” economy. You must adjust to prosper.

Mark Walters

Buying a short sale can be very lucrative. However, the process is very challenging. It is important to know why most of these transactions fail.

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http://www.reit.com Andrew Baum, professor of Land Management at the University of Reading’s Henley Business School and chairman of the investment committee for CBRE Investors’ global multi-manager team, spoke with REIT.com at the European Public Real Estate Association’s annual conference in London in early September about his outlook for the global listed property market. Baum started with his views on the European market.

“It looks like the wind is not going to blow everybody in the right direction,” Baum said. “The big cities, the high-quality assets in Europe are going to perform reasonably well. The peripheral assets are going to lose market share. Unfortunately it is going to be a market where the big get bigger and the small get smaller.”

Baum said as a global real estate investor the markets that truly fascinate him right now are those with strong demographics. He cited Turkey and Iran as two markets with young populations that could hold value.

“Iran is interesting if the political situation changes. A place like Pakistan has this huge, wonderful demographic,” he said. “You see the U.S. surviving with this huge market in Mexico on its doorstep, now Europe has these markets on its own doorstep. And it needs to unlock them sometime, and real estate is an essential first phase of unlocking those markets.”

With uncertain economic conditions still persisting in many parts of the globe, the commercial real estate landscape still faces many challenges. However, Baum said one of the biggest threats would be a scandal in the private real estate market. Baum, who invests in both public and private real estate, said a scandal is more likely to take place in the private market than the listed market. He said that is why it is important that the private real estate sector is as professional and transparent as possible.

Baum said he has changed his view regarding the role listed real estate securities should play in a portfolio alongside direct real estate investments.

“I would have argued five or 10 years ago that listed real estate is volatile, it is correlated with the stock market and its not really real estate,” Baum said. “I’ve really changed my view because the collapse in 2008 showed that private real estate is clearly volatile and is capable of being leveraged even more than listed real estate. I think a wise real estate investor has listed and private in the same portfolio and has to find ways to arbitrage between the two on a continuing basis.”

By Matt Bechard

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