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5 result(s) displayed (1 - 5):

August 14, 2012

Mello Roos

Mello Roos is a type of real estate property tax assessed in the state of California when people buy homes in areas designated as Community Facilities Districts (CFD). This special tax is levied to pay back municipal bonds acquired to provide residents with public utilities and services.

The special Mello Roos tax was established in 1982 by Senators Henry Mello and Mike Roos. Its purpose was to overcome tax deficiencies that occurred when Proposition 13 was signed into legislation.

This special tax only applies to properties situated in CFDs. In order for a neighborhood to be classified as a community facilities district at least two-thirds of residents have to vote in favor of implementing the Mello Roos property tax.

Real Estate Investing article on "Mello Roos "

January 22, 2011

Realistate Agent

A realistate agent can help individuals and companies buy or sell property. Some specialize in residential homes, while others focus on commercial property. Agents can be instrumental in orchestrating real estate short sales and help buyers locate foreclosure properties.

It's best to work with a realistate agent experienced in the market where you want to buy or sell. You wouldn't seek out realtors who specialize in commercial properties if you're trying to sell your home or vice versa. Nor, would you want to hire an agent who is accustomed to selling homes in the city if you want to buy a ranch in the foothills

Real Estate Investing article on "Realistate Agent "

October 21, 2010

Fannie Mae Homepath Properties

Fannie Mae Homepath Properties can be a great choice for individual buyers and real estate investors. These homes are offered at discounted prices and can be combined with public grants, along with special financing options and low down payment requirements.

Most Fannie Mae Homepath properties are priced below market value. These homes consist of repossessed foreclosure properties that did not sell at public auction and are now owned by Fannie Mae. Buyers can select from a list of nationwide properties or create a personal wish list which allows them to receive notification when the type of property they desire becomes available.

Real Estate Investing article on "Fannie Mae Homepath Properties "

September 27, 2010

Property for Sale

There is plenty of property for sale, but in this day and age most people are leery of investing in real estate. With unemployment rates continuing to soar and increased lending restrictions, taking the plunge of buying investment property can be a frightening thought.

The types of property for sale range from residential homes to commercial real estate. Millions of foreclosure homes and bank owned properties are sitting vacant with low price tags to entice buyers. Even reduced prices and multiple incentives haven't been sufficient to stimulate much action in the real estate market.

Real Estate Investing article on "Property for Sale "

September 10, 2010

Property for Sale

If you have property for sale chances are you are frustrated with the real estate market and lack of qualified buyers. There is no doubt property owners are having a hard time selling real estate at a reasonable price. Homeowners must compete with discounted foreclosure properties, bank owned homes, and real estate short sales, along with declining property values.

In order to profit from property for sale, homeowners are finding they must turn to creative finance options such as seller carry back mortgages and lease options. Seller carry back financing requires property owners to act as the finance company for all or part of the purchase price. Lease option involves leasing the property to tenants who sign a contract to buy the real estate within a predetermined timeframe.

Real Estate Investing article on "Property for Sale "