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Luxury Home Magazine Opens Two New Publications & Hosts Lavish Seattle Luxury Real Estate Event
Luxury Home Magazine expands with new publications in Westchester County, New York and Silicon Valley, California. In Seattle, Washington a $6M+ Queen Anne estate serves as a dramatic stage for an all out "Luxury Event."
80 Foot Luxury Schooner Sets Sail at Cabo Resort
Marquis Los Cabos Beach, Golf, Spa and Casitas Resort in Mexico offers guests romance and adventure on the high seas with its new 80-foot Turkish schooner, sailing the Sea of Cortez. The latest addition to Marquis' arsenal of luxury experiences, the Novia Mia (aptly called My Girlfriend) debuted this month at the Marina of San Lucas. The air-conditioned Novia Mia, managed by local company Barcos que Cantan and operated by Marquis Los Cabos, houses six comfortable cabins with bathroom; one kitchen; two dining rooms for indoor and outdoor dining; sun deck and TV with DVD player.
Diva Limousine and Halcyon Jets Form a Strategic Alliance to Provide Seamless Luxury Jet Charter and Ground Transportation Services to their Elite Cli
This strategic alliance will give both companies a clear leading-edge in the marketplace as well redefine luxury jet charter and chauffeured ground transportation service.
Fishing in Cabo San Lucas, Mexico
Fishing in Cabo San Lucas If you are interested in the finest Marlin fishing year round; Cabo San Lucas, Mexico is the place to go. With an abundance of Marlin populations, Cabo San Lucas is known as the ?Marlin capital of the world?. The beautiful blue waters of the Baja Peninsula bubble with bountiful Striped, Black, and Blue Marlin.
The Villa Group's Desert Spa Makes a Splash with Grand Opening in Cabo San Lucas
Baja's largest spa facility complements trio of properties on El Medano Beach.
Why Corporate Jet Charter Services Are More Beneficial Than Owning A Private Jet
In the face of fierce global competition, cost efficiencies, and lurking terrorist threats, air travel became a burden instead a pleasure. Suddenly, time is a luxury, flexibility is critical, and safety the utmost priority. The tragic September 11 attacks further reinforced the need to increase security in every airport around the globe. Given these mounting challenges and growing passenger dissatisfaction, corporate jets are here to save the day. Moreover, travelers have an option to either use corporate jet charter services or purchase their own corporate jet.
Real Estate Foreclosure Services - Arizona Short Sale Office Offers Foreclosure Help To Home Owners
Arizona Short Sale Offices Offers Home Owners Real Estate Solutions For Alternatives To Foreclosure. Behind on Payments, auction date has been set, owners of real estate has options to stay in your home. Phoenix Foreclosure Assistance is Available through the Arizona Short Sale Office which offers government assistance through FHA secure programs.
Executive Jet Management Expands Midway Airport Charter Office to Address Increasing Demand for Charter Services
Executive Jet® Management (EJM), a leading provider of worldwide private jet charter and aircraft management services, has expanded their Chicago Midway Airport office.
ViSalus Sciences Rewards Top Distributors With Vi-Cruise Voyage to Cabo San Lucas
ViSalus Sciences, a wellness company leading in the developing of nutritional solutions, rewarded its top distributors with a five-day cruise to Cabo San Lucas in the company's third-annual Vi-Cruise. The Vi-Cruise was a way to thank distributors for sharing the innovative ViSalus nutritional supplements with others.
Casa Dorada, Los Cabos, Resort & Spa, Opening January, Ups the Ante in Cabo San Lucas
Highlights of the new, deluxe beach resort include a Saltwater Spa, Global Cuisine inspired by the Bible's 12 Tribes and 13 Stunning Penthouse Suites.
Private Luxury Community Desert Mountain Debuts New Luxury Golf Course Real Estate Home Series: The Haciendas
Premier private community in North Scottsdale features courtyard style homes.
Cabo Riviera Marina and Golf Resort to Begin Construction on the East Cape of Baja
The East Cape of the Sea of Cortez has long been know for world class bill fishing but without a Marina to harbor larger sport fishing boats. Cabo Riviera will solve this problem with a new Marina and Golf resort located in La Ribera, BCS, Mexico. Over 400 channel lots will provide waterfront moorings for home buyers along with two five star resorts as anchor tenants.
New Sales Executive Joins Desert Mountain Real Estate, Represents Private Luxury Community in Scottsdale Featuring Arizona Golf Course Homes
Wendy Drost has joined Desert Mountain Real Estate as a sales executive.
Magellan Jets Sets A New Standard For Private Jet Charter Membership Services
Magellan Jets Offers The First Ever On-Time Guarantee In The Private Jet Service Industry
Kids Stay Free with Last Minute Savings at Cabo Resort
Families can rack up last-minute savings this summer and fall at Marquis Los Cabos Beach, Golf, Spa & Casitas Resort, where the Sea of Cortes and the Pacific Ocean meet, with the property's first family getaway. The Family Deal accommodates two children 12 years of age or younger at a complimentary rate when they share a Junior Suite or Private Pool Casita with their parents (up to four people in one room). Guests save up to 20% on accommodations and receive complimentary extras.
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How Soon After a Foreclosure Can You Buy Another Home?
A very common question I get is "How soon after my foreclosure can I buy another home?" There are a couple of answers to this question and they depend on how soon and how badly you need a home.
The first option to getting a new home is to simply pick one and buy it with conventional financing. The lender who will be looking at your credit will be very reluctant to finance another home for you. However, with a large enough down payment (20% minimum) and your willingness to pay a higher interest rate, you could have a new home in 45 days.
Most conventional lenders will not allow financing another home after a foreclosure for as much as 12 - 24 months. It probably has to do with the ideal that if your previous home was lost to foreclosure, why would you be able to afford the new one. While this is good logic, it doesn't take into account special issues with the original loss such as job loss, divorce, medical issue, or any similar problem that has had a final resolution.
I just heard of a women losing her home to foreclosure because of a job related injury and her employer not keeping her on the payroll. She became permanently disabled and was schedule to collect disability that would have easily paid her mortgage and forestalled the foreclosure. However, the first check was not sent until two weeks after the foreclosure sale and she lost her home. This is not the end of the story. I suggested she go to Legal Aid Services and fight the sale despite being beyond the redemption period. Her case is still pending but she had to get an apartment in the interim.
There are generally a couple of sources for the funds to buy a new home. The first is conventional lenders who will generally look at a foreclosure financing in 12 - 24 months at a rate about 1.25% to 1.5% above current rates for a "B" paper lender, and with a hefty deposit. The problem is that the 1%+ differential amounts to nearly a hundred thousand dollars in excessive interest over the life of the mortgage.
If getting another home is absolutely necessary, and you have a large down payment (35%), hard money lenders will loan for up to one year while you attempt to get another long term loan in place. The cost is usually 4% or "points" to close plus the usual closing costs and 12% to 15% per month. There are seldom pre-payment penalties for obvious reasons, but if there is one it should be for a maximum of three months of interest payments. Obviously, this is an expensive method of owning a home.
The next method requires a small down payment (usually 3%) and no closing costs. You should be able to move in within a week or less and the seller will be happy to work with you. This method is a Contract for Deed or a Lease Option. The Contract for Deed has the home transferred into your name with the financing in place by the seller. The agreement is that you will get permanent financing within a given time period, usually one year. However, your timely payments on the existing mortgage will go a long way with your new lender to get a better financing rate.
The Lease Option method keeps the home in the name of the seller, and gives you an option to purchase the property for as many as five years in the future. Each year the option price ("Strike price") goes up, but this is negotiable. Should you decide not to buy the home, you will lose your deposit ("option consideration"). This method of getting a home quickly is the most cost-effective of the various options and all the aspects of the lease, purchase, partial credit for each payment toward the purchase price, no initial financing credit requirements, minimal cash, etc. are negotiable with the seller.
The key to doing a lease option is to get one document from the homeowner. The reason is that if you do have to go to court to enforce the option agreement or get your option consideration back, one agreement has been adjudicated by the courts as an equity-type agreement. This means that with every lease payment you make, you build equity in the property. If you sign two agreements, you can easily be evicted from the property and lose your option consideration with few or no grounds for recourse.
About Author: Dave Dinkel is the author of "32 Ways to Quickly Stop Foreclosure" and has helped thousands of foreclosure victims for nearly 33 years. If you are facing foreclosure, visit StopMyForeclosureMess.com for guaranteed solutions.
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