Real Estate Investor Siminar

 Don’t miss this Saturday’s Carolina Real Estate Investors Association sponsored Siminar:

REAL ESTATE IN 2010:
A SEMINAR ON BUYING FORECLOSURES,
SHORT SALES & BANK OWNED HOMES
 
Home Buyers
Deals, Deals, Deals!
–         How do you buy?
–         What is a “short sale”
–         What are the dangers?
–         When do you need cash?
–         How much cash?
–         Where do you start?
–         Who do you trust?

Real Estate Investors
Come learn about:
The foreclosure process
Buying at the courthouse
Due diligence
Bank owned properties
Short Sales
Finding the money to buy
 
Learn from:
Steve Wilkie: Foreclosure expert, bank trustee, mortgage broker,
Allan Dawson: Experienced real estate investor, wholesaler
Steve Wilde: Attorney, short sale expert
 
Coffee & Tea will be provided
 
 
Event Details:
Date: February 20, 2010, from 9 a.m.-1 p.m. (registration opens at 8:30 am)
Location: Simpson Auditorium – AB TECH main campus – 340 Victoria Road, Asheville
Price: $35 for CREIA members / $45 General Admission
 
For more details or to register online or via mail, go to http://www.creianc.org  CREIA Foreclosure Brochure

Deadlines Are Coming

Waiting to buy a home may cost you thousands.

The office of Housing and Urban Development (HUD) are making changes for loans guaranteed by the Federal Housing Authority (FHA).

On April 5’th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%.  For a borrower purchasing a $200,000 property with 3.5% down ($7,000), the cost would go from $3.377.50 to $4,342.50, which is an increase of $965.

Later this spring, seller-paid concessions will go from 6% to 3%, reducing the amount that a buyer may receive from the seller in sales proceeds by half.

A buyer must be entered in a binding contract by April 30,2010 to benefit from the home buyer tax credit.  The buyer has until June 30, 2010 to settle on the purchase.

To avoid these costly changes that lie ahead, submit all FHA mortgage applications by the last week of March.

Act NOW and save BIG!