Real Estate Investment Opportunities in Portland OR Metro and Suburban Areas To better serve the needs of real estate investors in Portland OR Metro Area, I recently earned the Certified Investor Agent Specialist™ (CIAS) Designation. With the CIAS, I have the training, tools and calculations to effectively serve the five investor types: First-Time Investor, Move-Up Investor, Portfolio Investor, Performance Investor, and Rehab and Resell Investor. Real estate represents a consistent and stable way to build wealth, brings liquidity to our housing market, and stimulates our local economy. In fact, in the past year, investment and second-home properties represented approximately 27% of all residential sales. It’s also worth noting that nationwide, 43% of real estate investors earned less than $75,000 per year. Today, real estate is quite literally on sale! There is an unprecedented opportunity to build wealth through real estate, and I specialize in helping all investors achieve their goals. Contact me today to learn more about investing in real estate.   Brought to you by: James White | Liberty first Realty, LLC | 503-278-5334

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Get immediate access to the new and FREE  ”On Demand” training webinar Avoiding Foreclosure. The webinar will cover topics to help you obtain a workout of your loan and avoid foreclosure. Topics such as Loan Modification, Deed-in-lieu, Short Sale along with credit and tax information is included in the webinar. As an added bonus. There are two free additional nuggets to assist you. ! A loan to value tool and recorded foreclosure information on your home. Please pass this on to anyone you know in danger of losing their home to foreclosure. This webinar is free, but only for a limited time.

Brought to you by James White | Liberty First Realty, LLC | 503-278-5334

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I received thise-mail  from one of my Mortgage lenders Bob Chido and I thought I’d pass it along.

Estimated Rates for the week of August 30, 2010*:

 30 yr fixed:                                      4.00 – 4.250

 FHA/VA:                                            4.00 – 4.375

 15 yr fixed:                                        3.625 – 4.000

 OR VA:                                                 4.00 w/1.5 pts; 4.125 w/1.0 pt.

 Jumbo (30 yr fixed):                4.875 – 5.25

 5/1 ARM:                                            conforming 3.00 – 3.50; jumbo 3.250 – 4.000

Last Friday we saw the market cave in a bit and interest rates jumped. But, as has been the case lately, all of that has changed today. One day up and the next day down. Even with Friday’s increase, the rates are still incredibly low. And, it’s good to see that the Oregon Veterans loan rates have been reduced too.

 Last week I mentioned reverse mortgages and how competitive the rates on those loans have become. We just got news that FHA has to change the costs of those loans effective for new case numbers in October. It looks like they are going to hit the reverse mortgage borrowers in two areas. One, the annual mortgage insurance premium is going up from the current rate of .5% to a whopping 1.25%. Additionally, they will be reducing loan amounts by 1 to 5%. Both of these changes will lower the amount of funds available to reverse mortgage borrowers. Of course, this comes at a time when many seniors need to be able to access as much equity as possible due to these difficult economic times.

 With what appears to help counteract the increased costs, HUD did announce that they will be coming out with a ‘low-cost’ reverse mortgage in October. The mortgage will have a reduced upfront mortgage insurance premium but will be much more restrictive on the loan amounts. The HECM-Saver program will have loan amounts that are 11-23% lower than the regular HECM product.

 I also reviewed a couple of web sites with you last week for those borrowers who need to modify their mortgages and reduce their payments. This week I wanted to circulate another web site that includes information for those who feel that even a loan modification won’t help. This one has a lot of information on foreclosure alternatives. As with the other sites, I found this one to be very informative too.  www.knowyouroptions.com  This site also covers the ‘Deed for Lease’ program offered on loans owned by Fannie Mae.

For more information on the subject of Loan Modification, Short Sales, the IRS and more visit http://libertyfirstrealty.com/ss

Need a great Mortgage Lender? Give me a call and I’ll be happy to refer you. For the best deals in Real Estate and to set up a free report give me a call at 503-278-5334!

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If you are behind in your payments and are thinking about alternativies to foreclosure this video may help you understand the process…. Don’t wait you should act right away!

Contact me if you need help! You have options!

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