Baton Rouge Real Estate Appraisers

Archive for the ‘Baton Rouge Condominiums News’ Category

http://www.accuratevg.com/ - Baton Rouge Real Estate: Greater Baton Rouge Foreclosures Were Low In 2009

In a one paragraph report, the Baton Rouge Business Report is reporting the following:

“The 2009 foreclosure rate in Baton Rouge ranks among the lowest 25% for U.S. metro areas, according to a new report. Baton Rouge had the 157th highest foreclosure rate among 203 U.S. cities, according to RealtyTrac, which follows the market for seized homes. One out of 121 homes in the Capital Region was involved in the foreclosure process in 2009, a 139% jump from the year before. RealtyTrac warns the actual increase may be due to improvements or changes in reporting techniques. Three other Louisiana cities had lower foreclosure rates than Baton Rouge: Shreveport was ranked 163rd, with one foreclosure per 140 homes; Lafayette was 170th, with one foreclosure per 183 homes; and Houma-Thibodaux was 193rd, with one foreclosure per 363 households. Nationally, the foreclosure rate averaged one for every 45 households. Las Vegas and Fort Myers, Fla., were the two weakest markets, with one out of every 8 homeowners facing foreclosure during 2009.”

Tags: Baton Rouge Estate Appraisers, baton rouge real estate, baton rouge real estate agents, baton rouge real estate appraisers, baton rouge real estate trends, baton rouge realtors

http://www.batonrougerealestateappraisers.net/ - FHA Commissioner Stands Behind Home Loan Programs

FHA Loan Pros is reporting FHA Commissioner is standing by FHA Policy, read here.

Here’s a snippet:

“In a recent letter to the New York Times, FHA commissioner David H. Stevens responds to allegations that FHA loans are taking the place of the sub-prime loans that were largely responsible for record foreclosure rates. Concerns about heightened risk prompted a proposal to increase down payments for FHA loans to five percent from the current minimum of 3.5 percent.“

http://www.batonrougerealestateappraisers.net/ – Greater Baton Rouge FHA Appraisers: Real Estate Today Radio Show Topic The Fall Market Weekend of September 19-20, 2009

http://www.batonrougefhaappraisers.com/ – New FHA Mortgage Rules For Greater Baton Rouge Condos Effective October 1 2009

Peter G. Miller with www.fhaloanpros.com is reporting on new FHA mortgage rules for Condos, which take effect 10/1/2009. Here’s the link for the entire article and a snippet below:

“At least 50 percent of the units of a project must be owner-occupied or sold to owners who intend to occupy the units. For proposed, under construction or projects still in their initial marketing phase, FHA will allow a minimum owner occupancy amount equal to 50 percent of the number of presold units (the minimum presales requirement of 50 percent still applies).

No more than 15 percent of the total units can be in arrears (more than 30 days past due) of their condominium association fee payment.

Projects consisting of three or less units will have no more than one unit encumbered with FHA insurance.

Projects consisting of four or more units will have no more than 30 percent of the total units encumbered with FHA insurance.”

http://www.batonrougerealestateappraisers.net/ – Listing That Greater Baton Rouge Home?  Leave The Tape Measure At Home And Pull Out Your iPhone $0.99 App!

Commentary From Rob Jansen aka “Peanut” With John C. Jones Realtor:

“You know you hate it. You’re at a listing and fighting that measuring tape to go where you want it, how you want it, and stay in place. Agents meet the Sonar Ruler. This new iPhone App can measure distances of up to 60 feet by sending a short pulse (more like a clicking noise) to the wall of what-have-you and measuring how long it takes to return to the phone…and it’s pretty darn accurate. I wouldn’t measure inches with it by any means, but for measuring smaller rooms this inexpensive app allows you to get a very close estimation, which you’re more than likely going to round anyway. I still haven’t found a cheap solution for larger rooms, so you’ll probably still need your tape measure if the home’s got good sized living space, but for your typical bedrooms the Sonar Ruler iPhone App is just the ticket.”

Sonar Ruler Demo from cc laan on Vimeo.