Leadorder.com on Bankruptcy, Mortgage and Loan Modification Leads
Leadorder.com has increased lead volume by 30% due to the focus on new verticals such as Bankruptcy. Bankruptcy Leads are expected to become a strong product for Leadorder.com due to recent restictions placed on the debt settlement industry.
Volume is also increasing in the Mortgage Lead and Loan Modification Lead area. Leadorder.com has been generarting loan modification leads for over 3 years but has added a new focus on mortgage leads.
With over 5,000 unique visitors to in house mortgage related websites the growth of Good to Excellent borrowers looking for a mortgage has grown over the last 6 months. Mortgage lenders or mortgage brokers looking for good mortgage leads can contact Leadorder.com for more information.
Loan modification leads by Leadorder.com continue to be some of the best on the market. Dave with Leadorder.com says “We do not use President Obama images or state outrages claims to generate our loan modification leads. Plus we deliver each lead in real time and do not oversell. These factors result in a high ROI for our lead buyers across the board.”
For more information on Leadorder.com please call 1-866-610-8422.
Fieldstone Family Homes Home Buyer Cost
Here are the top 10 cost the home buyers may miss with calculating the cost of buying a new home. This list is provided by Fieldstone Family Homes
1.) Property Taxes and Assessments
Home buyers often need to set up an escrow account with the new mortgage lender. This means that they must pay a portion of taxes upfront. In some states, the seller has already paid the local taxes and this amount must be paid back to the seller at closing. Also, some counties have transfer taxes whenever a property changes hands.
2.) Insurance
Fire insurance or a homeowner’s insurance policy usually needs to be paid for up front. Although you may be able to get an insurance binder from your company on a payment plan, most mortgage companies require the first year paid during escrow or closing.
3.) Appraisal Fees
Mortgage lenders require appraisals to make sure your property covers your loan amount plus their investment risk. The buyer normally pays between $150-$450 to the appraiser.
4.) Survey Fees
Some lenders require a property survey. You may also want a survey if the property lines are in question. Survey fees vary from $600-$2,500, or more for large parcels.
5.) Septic System Certification
If your new property does not connect to public sewers, you may need a septic clearance for your lender. Often the home seller pays this cost, but you want to make sure you get no hidden charges or surprises.
6.) Water Quality Certification
The same holds true for properties with a well and not public water service. For your own piece of mind, you will want to check the water quality and have this clause as a condition in your purchase contract. Not only do you want to make sure the water quality passes, you want to make sure the well has plenty of flow so you don’t run out of water.
7.) Miscellaneous Origination and Loan Fees
Your mortgage lender adds fees for processing your loan, document preparation, underwriting, closing, funding, and sometimes “garbage fees.” Check your estimated costs statements and look for hidden fees. Before committing to a lender, shop for your best loan and compare lender’s costs.
8.) Association and Maintenance Fees
Most buyers understand that a condo comes with association fees. However, some housing developments also charge maintenance fees. Don’t assume that the fees will be nominal. Many condos in California have association fees over $400 per month. Some of these fees need to be paid annually, which means a home buyer needs to pay upfront.
9.) Utility Service Fees
Check your hook up and installation fees for water, gas, electricity, cable or satellite TV, phone, trash, sewer and other services. Sometimes the water department covers the sewer and trash service. These fees quickly add up and you don’t want any surprises like a $340 water deposit required by some companies.
10.) Moving Costs
Plan your move before committing to a purchase. Know whether you can move yourself or need to hire professional movers. You may be shocked to find out the costs involved. Ask for referrals of clients and check out moving companies. Prices for truck rental and moving companies vary.
Miami Real Estate by Stuart Drossner
MIAMI HOME PRICES TO INCREASE 20-30% IN FIVE YEARS
In this recent commentary titled “Miami Confidential” National Association of Realtors Chief Economist Dr. Lawrence Yun, who has been named among the top 5 economic forecasters by USA Today due to his accuracy, indicates those who buy real estate in Miami now are likely to see strong appreciation and high returns on purchase prices in just a few years despite the current oversupply of condos.
“In five years, do not be surprised if home prices in Miami are 20 to 30 percent higher than the current levels, “said Yun.
This means that in five years homes currently priced at $200,000 could sell for $250,000; a current million dollar home for $1.2 to $1.3 million. Since the current buyers’ market is conducive to price reductions as a result of negotiations, the return on investment could very well be even higher.
In Miami, the median sales price increased over 340 percent in just 10 years. During the current market adjustment, prices have dropped some, but the drop has been negligible.
“The median home price in Miami was $80,500 in 1985 and $105,800 in 1995 and $363,900 in 2005 at the peak of the market. Prices fell by 5.7 percent for single-family homes and 6.0 percent for condos over a one-year period to the 4th quarter of 2007 according to NAR date”, said Yun.
“Prices grew 0.3 percent for single-family homes over the same period according to the government agency OFHEO”, he added.
Yun believes the main reason sales activity has decreased so much in Miami is due to fear of a market crash resulting from homes prices having grown much faster than income.
About Stuart Drossner
Stuart Drossner has been in the Real Estate business for almost a decade, he quickly jumped into the South Florida Luxury market at the early age of 18 Years old. Stuart specializes in working with Banks throughout the country selling foreclosed properties. Stuart Drossner can be reached anytime on his cell phone for personal assistance at 305-502-1717.