Real Estate Growth: How Long Can It Last?

Written by Motiva Group


There has been speculation inrepparttar media recently aboutrepparttar 137016 fact that real estate will begin to fail and implode as it can only handle so much growth.

In my humble opinion these theories don’t hold a lot of merit and here is why. First, understand that there are three basic things that undercutrepparttar 137017 validity of saying that there is a real estate bubble that people are operating in.

1. There is no “international” or “national” real estate market 2. The real estate market doesn’t explode or crash 3. The market has limited impact onrepparttar 137018 seasoned investor

The Real Estate "Market" is an overall view of micro markets nation wide.

When people talk about real estate economics they are usually referring to national or international statistics which in truth are made up of thousands on micro or local real estate markets. So even though you might find a North America wide trend there are still many, many markets which will be completely at odds withrepparttar 137019 overall numbers. Real Estate Markets do not “Crash.”

We all remember October 19, 1987, known as “Black Monday.” The stock market lost 22% of its value in one day - what investors call a “crash.” History points to times which real estate values have taken 22% hits in certain cities and in pockets within cities. However, no real estate market dropped 22% in one day, one week or even one month. In fact,repparttar 137020 real estate “crash” ofrepparttar 137021 late 1980’s took several years to bottom out in most markets. Keep in mind toorepparttar 137022 overall performance ofrepparttar 137023 real estate market you are investing in. Those of you who have been active inrepparttar 137024 Edmonton marketrepparttar 137025 last few years might think thatrepparttar 137026 market is in a slump or downslide, when in realityrepparttar 137027 numbers they are recording are far above whatrepparttar 137028 average ofrepparttar 137029 last decade show.

Home Equity Loan – Beware of the lingering lien!

Written by Charles Essmeier


A problem that often arises when people try to refinance their home isrepparttar discovery of a pre-existing lien from a previous loan that was not removed byrepparttar 136981 lending company. The cost of removing a lien and returningrepparttar 136982 title torepparttar 136983 homeowner, a process known as reconveyance, is usually included in fees associated with a home equity loan. Whenrepparttar 136984 loan is paid off,repparttar 136985 lender is generally responsible for removingrepparttar 136986 lien, so that public records showrepparttar 136987 property to be unencumbered.

There are various reasons for whyrepparttar 136988 lien isn’t always removed – oversight onrepparttar 136989 part ofrepparttar 136990 lender, especially during heavy periods of refinancing, is oftenrepparttar 136991 problem. Occasionally,repparttar 136992 problem can arise when a lender is sold to another company or when that lender goes out of business. No matter whatrepparttar 136993 cause, a lien that hasn’t been removed can come back to haunt a homeowner.

If a homeowner is inrepparttar 136994 process of refinancing a home and discovers an old lien that hasn’t been removed,repparttar 136995 entire refinancing process can be held up for weeks. This can be critical ifrepparttar 136996 owner is trying to lock in an interest rate prior to closing. The problem

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