First Time Buyers and Distressed Home Sellers -- info you can use

Part of my outreach and Client Appreciation Program (CAP) per Working by Referral (Brian Buffini) to clients and associates is to send them an Item of Value.

This time, I digressed from the original and proposed letter, and created one that I felt was pertinent today. Here's what I am getting ready to mail. The difference is that on Active Rain, I am providing links.

CAP Item of Value

This real estate market continues to surprise us: rates are very low, and home prices are finally near "the bottom." The opportunities are still very much right there. And conditions are evolving. There are now several new programs to help both Buyers and Sellers.

Owning a home is a privilege and a dream for many of us. To achieve that dream now, we must strive not only to protect, but also to improve our credit rating simply to qualify for a home loan. This is the subject of this month's Client Appreciation Item of Value enclosed.

Effects of Short Sales Versus Foreclosures

There are various blogs and articles about the effects of short sales versus foreclosure. But the best one I've seen is a matrix produced by Distressed Property Institute and I've seen that matrix reproduced in so many places. If you google specific phrases or sentences from that matrix, you'll see a ton of sites that feature this matrix.

For example, google "A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage only after 2 years" and count how many sites have this matrix.

RELATED POSTS

Who/Where/How/What/When to use the $8,000 first time buyer tax credit with an FHA loan

TAX CREDITS for ENERGY EFFICIENCY. More good news for home buyers and home owners!

BULLET POINTS for homewners contemplating a short sale

When is it too late to save a home from foreclosure? What NOT to do if owner wants to keep the house