In this economy, you should pay equal attention to another key factor: how much home you can afford.

Arguably one of the main causes behind the housing market collapse and the ensuing waves of millions of foreclosure properties is the fact that many homeowners got themselves in over their heads by buying too much home. That could easily be repeated again if homeowners do not learn the previous lessons of the foreclosure crisis.

So, how much home can you afford?

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When researching custom home builders in Austin, you have to ask yourself, What sets all these custom home builders apart from one another? Sterling Custom Homes has created a video series to answer that exact question. Sterlings Best Practices focuses on the unique aspects of the homes we build. These details might not be apparent when you walk a build site or the completed home, but they definitely add value your home, and its important for you to notice the little things we do during construction.

For example, in this video we discuss how and why we install outdoor light fixtures the way we do.

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However, recent Google Maps feature allowing site

are in the top five in the nation. In fact, Florida cities holds seven of the top 20 spots in terms of the rate of foreclosures.

Here’s a closer look at those figures:

• Sarasota was number 19, with 1 in 21 homes in foreclosure;
• Tampa was number 17, with 1 in 20 homes in foreclosure;
• Naples was number 14, with 1 in 18 homes in foreclosure;
• Deltona was number 13, with 1 in 17 homes in foreclosure;
• Orlando was number 9, with 1 in 15 homes in foreclosure;
• Miami was number 5, with 1 in 14 homes in foreclosure;
• Cape Coral was number 2, with 1 in 12 homes in foreclosure.

The only place that topped Florida in terms of foreclosures was Las Vegas, NV, which reported 1 in 9 homes in foreclosure.

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Lenders Compliance Group Inc. (LCG) announced today the formation of Brokers Compliance Group, a new mortgage compliance service exclusively devoted to offering regulatory compliance support to mortgage brokers and loan originators (LOs). “My colleagues and I feel that mortgage brokers and loan originators have been traditionally underserved by compliance professionals,” said Jonathan Foxx, LCG’s president and managing director. “W

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The single-story, 4,724-square-foot, Class B retail property was constructed in 2005. Wells Fargo is the tenant.

Rob Sutton and Greg Cortese of The Royston Group represented the seller. There was no buyer’s broker.

For additional information, please see CoStar COMPS #2276652.

Expectations are for Wells Fargo to possibly unseat JPMorgan Chase(JPM) as the most profitable U.S. bank by year end and solidify Buffett’s next bank investing coup .

Going into first quarter earnings, investors are expecting big results out of Wells Fargo, after its record fourth quarter earnings outperformed rivals. The San Francisco-based bank saw its earnings grow nearly 30% in 2011, significantly beating the sub-10% earnings growth of competitors like JPMorgan and Citigroup(C), while Bank of America(BAC) swung from a 2010 loss to a moderate profit. More info…

Have you been considering purchasing a foreclosure property for everything from your primary place of residence to flipping houses? If so, there are some essential things you need to know about purchasing distressed properties to help you get the most out of your investment.

With real estate market recovery underway, now is a prime time to invest in foreclosure properties.

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Virtual Stagingis used by savvy home owners and real estate agents to quickly and inexpensively stage a vacant home, condo or apartment with furniture, rugs, art and more to help sell the property faster and often for a higher price than what a vacant property would sell for.

According to the National Association of Realtors, 90% of home buyers search for their next home online and over 85% of those potential home buyers say that the photos are the most important factor.

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Getting a pre-approval letter from your lender is highly recommended. Plus, having a letter helps you determine in advance how much home you can afford to buy, and saves you the trouble of going through the process only to find that there are problems with your application.

Why Become Pre-Approved? If You Buy Foreclosures, It’s a Must

There are plenty of advantages to becoming pre-approved. If yo

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A: Unless otherwise prohibited in your governing documents to have non-owners become board members, you must have three board members who are unit owners. With a three-member board, all would have to be unit owners.

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How can we help you – Property Finance Mortgages?

Buying a home is admin-intensive and we will make sure you know exactly what documents are required for your new home loan or first time buyer loan and when to make the deal happen for you.

What assessment factors do the banks look at?

Affordability, credit worthiness, and property value come into play when we assess your application.

1. Affordability At this stage, the bank will undertake a comprehensive assessment to determine if the loan you apply for is affordable to you. Y

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And yet, our never cease to be amazed at the handouts our government – both the current and former administrations – continue to offer to an organization that has all but admitted to serious and widespread fraud and other felonies.

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Cogent Road has introduced a unique enhancement to its Roohmz Mortgage (Enterprise) Management/Loan Production System that offers the only solution for effectively handling secure electronic mortgage applications for up to five borrowers. The Roohmz enhancement significantly improves e-signature functionality by expanding the number of potential co-borrowers able to participate in the same online transaction, which was previously limited to two applicants.

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