real estate agents: What Is Seller Financing and Is It Good For Me? - 09/17/11 04:52 PM
Seller financing can be a win-win situation for both the buyer and seller in a real-estate transaction.  As long as the contract is legal and both sides honor their obligations, both parties will find that seller financing is much less costly than traditional financing methods.
In most cases, there is no need for a traditional closing, unless the buyer is using proceeds from a mortgage loan to cover some of the home’s purchase price in addition to the seller financing.
The Seller
 For the seller, offering seller financing is a great way to attract buyers when the market is slow and … (0 comments)

real estate agents: What are the credit implications of a foreclosure? Is my credit ruined forever? - 08/29/11 11:54 PM
A foreclosure can drastically upset your credit score and should only be considered as a last resort. Some who have gone through a foreclosure claim that the foreclosure dropped their score as much as 250 – 350 points.  So if you had a near perfect score of 790, your score could be dropped as low as 440, depending on other bill you may be behind on in addition to the foreclosure on your credit record.
A creditor will not offer you financing for 24 months or more after a foreclosure. This is not only regarding financing for a home, but for … (4 comments)

real estate agents: Social Media Strategy: What are the important steps for YOU to take? - 08/23/11 06:23 PM
When starting your social media venture there are many questions along the way. One question to ponder; is everyone doing social media the same way? The answer to that question is no. Every product, program, and profession should have its own unique strategy.
The most important piece is how to differentiate yourself from your competition. That is the first question that you should be able to answer for yourself, and your potential clients. What are your unique qualities, attributes, services & how can I add value to my potential clients and current clients by using social media?
Without a strategy for … (2 comments)

real estate agents: Are You Ready To Fight For Your Home? How to Fight Foreclosure! - 08/11/11 05:10 PM
Foreclosure is something that many people think can never happen to them.  The reality is it can happen to anyone.  It happens to good, responsible people every day.  There are many reasons that may leave us believing that foreclosure is the only option.
 
Rising interest rates Unemployment Health problems Divorce Personal tragedy such as the loss of a family member With the foreclosure process varies from state to state, here in Utah it is up to the lender and their attorney to determine how close they want to conform to the guidelines.  To help educate you on the process of … (0 comments)

real estate agents: Hey I make my mortgage payments on time, but I want to short sale my home, is that possible? - 07/27/11 08:25 PM
Hypothetically, let’s say your boss transfers you to a new city.  One of your biggest worries may be the prospect of having to sell your home during a housing slump.  Even if you have been making timely payments, this is no time to take on two mortgage payments but you know it may be difficult to sell your home.  This is just one scenario. People need to sell their home for other reasons, such as divorce or needing a bigger place for a growing family; or needing a smaller place after retirement.  So, you may be wondering; “Do I have to … (4 comments)

real estate agents: Tips for the Single Buyer - 07/19/11 01:52 PM
Buying your first home can be a little intimidating...especially when you are doing it alone.  Who said you can't do it alone, anyway?  These days, more and more single people are heading into the home-owner's market.  In fact, according to the National Association of Realtors, single buyers consist of up to 32 percent of home buyers.  So, congratulations to you!  You are taking a very important step, however, there are a few extra things to consider during the home buying process.  The following information is provided by the Smart Borrower Center.
Putting the "single" in single family homes
When deciding what … (4 comments)

real estate agents: 5 Debt Relief Tips That You Should Know During A Recession - 07/15/11 07:45 PM
With reports of a recession frequently in the news, more and more people are searching for ways to save money, protect themselves, and get out of debt.  According to Mishaun Taylor, here are 5 simple tips for debt relief during worrisome talks of an impending recession:
1.  Reduce Your Personal Debt.
Do something about your credit cards.  If you're a customer in good standing, call each of your creditors and ask what can be done to either reduce the amount of your monthly bills, or get them paid down faster.  If you have multiple credit cards, pay down the card with … (2 comments)

real estate agents: What is required to do a short sale? - 07/05/11 08:25 PM
In order to apply for a short sale, there must be a proven hardship of some kind. The bank wants to know what happened to make your expenses go up (medical bills, new baby, rate adjustment etc.) or what happened to make your household income go down (job loss/transfer, divorce, cut back in hours, etc.) This will all be explained in a hardship letter that you will need to write on your behalf.
Along with the hardship letter, the bank will want to see documentation to back up the hardship, as well as all of your financial data disclosed; just the … (0 comments)

 
Brian Pitcher (The Pitcher Group)

Brian Pitcher

Salt Lake City, UT

More about me…

The Pitcher Group

Address: 1214 E. Wilmington Avenue, Salt Lake City, UT, 84106

Mobile: (801) 891-6604

Office: (801) 893-1121

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