Mortgages Made Simple with Rick Gundzik

Thursday, May 22, 2008
Housing prices bottoming - May 22, 2008
This week we answer 3 listener questions. Have Housing Prices bottomed?, are Home Auctions worth my time to attend? and is a bank owned owned home easy to buy?Mortgages Made Simple logo

We present some compelling reasons to believe that housing prices have reached bottom. Looking back at past housing market bottoms gives us a good idea what might happen this time.

Home auctions are heavily advertised, but can you get a deal, or will a cash rich investor grab your dream home from you?

Many people advertise seminars which teach you the best way to get a deal on a home is to contact Banks that are trying to sell their inventory of real estate owned. But can the average home shopper crack this market?



If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.

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posted by Pac Res @ 7:25 AM  
1 Comments:
  • At 8:27 PM, Anonymous Anonymous said…

    Hi Rick / Doug. I've been to some government auctions where the City or State sold property seized in criminal cases. None of it was real estate, but there were jewelry, electronics and collectible coins that were selling 25% or more above the fair market value. These auctions are always packed with people who see an ad in the paper and just show up because there's no entry fee.

    Anyway, love your show.

    Marv

     
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