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Monthly Archives: September 2011

    Holding rental properties now more profitable (and predictable) than flipping

    By Tom Toole | September 20, 2011

    Thinking about buying and a home on the cheap and flipping it for big profits?  That dream is all but dead as sales of homes to investors have dropped by more than half over the past five years, according to  Plus, the number of those investors who quickly sell off those homes — the flippers... Read More

    Changes to FHA Mortgage Limits

    By Tom Toole | September 16, 2011

    The US Department of Housing and Urban Development has changes the maximum mortgage limits for FHA loans based on the median home sale price in our local market.  The new limits for the Philadelphia Metro Area, effective October 2011, are as follows: Single Family Property – $379,500 Two-family Property (AKA Duplex) – $485,800 Three-family Property... Read More

    So what are the possible short sale outcomes…?

    By Tom Toole | September 12, 2011

    Many people do not know that short sales stand a much better chance of approval as oppossed to a loan modification.  However, there are a variation of outcomes that can occur.  Mainly, the inconsistency involves how the lender deals with the deficiency.  Here are some of the current outcomes being seen in the market place:... Read More

    Right now, investors are cashing in on rental properties

    By Tom Toole | September 10, 2011

    Most of the news about the housing market lately has been dismal.  However, the one bright spot is being overlooked by many – the rental market. Rental demand is up and and rental rates are rising.  Many foreclosures victims (estimated north of 4 million) are now renters.  Many prospective homeowners are concerned about losing their... Read More

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