The Hook-up with Prudential Real Estate

Prudential Real Estate Feeds Listings to Cyberhomes, Google Base and Oodle

–        Affiliate Listings Now Display on Nine Real Estate and Search Sites

IRVINE, Calif. – Prudential Real Estate Affiliates, Inc., a Prudential Financial, Inc. [NYSE: PRU] company, today flowed at least 140,000 for-sale property listings to Internet hot spots Cyberhomes.com, Google Base™ and Oodle. The move positions Prudential Real Estate affiliates’ listings in front of the growing ranks of consumers who shop online for real estate and related services and information.

 

“We’re sending our affiliate listings to Cyberhomes, Google Base and Oodle for a couple of simple reasons: The sites are very popular among consumers, and each offers a rich search experience with a lot of useful information,” said Laurie Keenan, president of Prudential Real Estate. “Our listings as well as our services and resources are now readily available to the millions of consumers who frequent these great Internet sites.”

Prudential Real Estate teamed with Cyberhomes earlier this month to offer “Value Range Estimates” and “Property Profiles,” free consumer services now available on Prudential.com/realestate. Through Cyberhomes, Prudential Real Estate listings also will appear on AOL.com.

 

Moreover, Prudential Real Estate’s marketing plans include display and banner advertising on Cyberhomes and Oodle.

 

“Our mission is to drive significant consumer traffic to our affiliates’ listings,” said Keenan. “Aligning with Cyberhomes, Google Base and Oodle will help us get that job done.”  Said Marty Frame, Cyberhomes general manager: “We are excited to add Prudential Real Estate affiliates’ listings to our powerful search capability on Cyberhomes.com. Consumers appreciate the breadth of listings on Cyberhomes, as well as the depth of home-evaluation and homeownership information available on our site.”

 

 “We are thrilled to be working with Prudential Real Estate,” added Faith Sedlin, Oodle founder and vice president. “As a classifieds site with a broad partner network, Oodle provides a great local venue to feature real estate listings.”

 

Online listings include property descriptions, photos and affiliate- and listing-agent contact information. In addition to Cyberhomes, Google Base and Oodle, Prudential Real Estate affiliate listings also appear on FrontDoor.com, Propsmart.com, Trulia.com, Yahoo! Real Estate and Zillow.com.

 

Cyberhomes valuations provide access to most of the same information from Fidelity National Information Services, the leader in property information, services and technology for REALTORS®, appraisers and lenders, to create detailed, proprietary analysis of a property and the surrounding community. Cyberhomes enables the exploration of real estate data ranging from property facts, value estimates and a variety of important indicators of local and national changes in the housing market.

Google Base enables structured data such as real estate listings to better surface on the Google search engine improving the quality of search results. Real estate listings from Google Base are available on Google Maps™. Google, Google Base and Google Maps are trademarks of Google Inc.

 

Oodle allows consumers to buy and sell through online classifieds. Bringing together more than 40 million listings from over 80,000 sites, Oodle improves the way people buy and sell locally. Oodle offers the most comprehensive search, convenient email alerts and information to empower consumers to make better buying decisions.

 

Prudential Real Estate and Relocation Services, Inc. is Prudential’s integrated real estate brokerage franchise and relocation services business. Prudential Real Estate franchises are independently owned and operated. Companies are selected based upon outstanding performance records, high levels of customer service and shared business values with those of Prudential. Prudential Real Estate provides franchises with business strategies using Operation Reviews as well as numerous benefits, including access to Prudential

Real Estate’s Online Seller AdvantageSM program designed to provide real-time information to sellers with the touch of a keystroke. Prudential Real Estate is one of the largest real estate brokerage franchise networks in North America, with more than 2,100 franchise offices and approximately 64,000 sales professionals in the franchise Network as of March 31, 2008.

 

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $631 billion of assets under management as of March 31, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential’s businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services.

Cheryl Washington
Your Real Estate Concierge
Mailto:relocatewithcheryl@yahoo.com
Mobile: 209-513-1169

More on FHA Loans

FHA Mortgage Guidelines

Mortgage Insurance
FHA insured loans require mortgage insurance to protect lenders against losses that result from defaults on home mortgages.

 

Lending Limits for FHA Loans
FHA mortgage lending limits vary based on a variety of housing types and the state and county in which the property is located.

 

Your Loan Checklist
Before you start the loan process, you’ll want to be prepared for the loan application. Have your information organized and ready for your loan officer. Be prepared to pay for property appraisal and a credit report.

 

Closing Costs
While FHA defines which closing costs are allowable as charges to the borrower, the specific costs and amounts that are deemed reasonable and customary are determined by each local FHA office.

 

Debt to Income Ratios
In order to prevent homebuyers from getting into a home they cannot afford, FHA guidelines have been set in place requiring borrowers and/or their spouse to qualify according to set debt to income ratios.

 

Credit Issues
An FHA loan applicant’s past credit performance that demonstrates good credit history and a solid track record of timely payments will likely be eligible for the mortgage.

 

Let me assist you by having a Lender and Real Estate Sales Professional contact you for more information and to get free Bank Owned and Standard Property Listings. 

 

 
Cheryl Washington
”Your Real Estate Concierge”
Mailto:relocatewithcheryl@yahoo.com
Mobile: 209-513-1169

Buying a Home – Getting Started

Financing Your Home

Most real estate professionals and mortgage lenders recommend pre-qualifying for a loan before selecting a home to purchase. This process will help you:

• Determine the price range you can afford
• Understand the types of loans you qualify for
• Determine what your monthly payment will be
• Estimate the downpayment and closing costs

The Loan Process

Try pre-qualifying for a mortgage with our in-house lender, or let your REALTOR® help you to select a mortgage lender. Once you have made your decision, these are the steps of the process:

• Application – All pertinent documentation is obtained. Fees and down payments are discussed, and the borrower will receive a Good Faith Estimate (GFE) and a Truth-in-lending statement (TIL), itemizing the rates and associated costs for the loan.
• Documentation – If not already completed in the pre-qualification stage, your REALTOR® will order all necessary supporting documentation. Once inspections are completed, your Associate will order an appraisal on the property. As it comes in, documentation is checked for any irregularities.
• Loan Submission – Once all the necessary documentation is in, your completed file is submitted to a lender for approval.
  
• Loan Approval/Underwriting – Loan approval, or underwriting, generally takes 24 to 72 hours. All parties are notified of the approval and any loan conditions that must be received before the loan can close.
  
• Closing – Once all parties have signed the loan documents, they are returned to the lender. If all the forms have been properly executed, the lender sends the loan funds by wire transfer. At this point, the borrower finishes the loan process and actually buys the house.

 

Let me assist you with choosing that “just right Realtor” that will make your property search and lending choice easier.  Let me be your “hook-up” for your real estate needs.

Cheryl Washington
”Your Real Estate Concierge”
Mailto:relocatewithcheryl@yahoo.com
Mobile: 209-513-1169

 

FHA Loan – What to Ask

FHA loan comparison questionnaire

It’s important to compare offers from several lenders before you select an FHA-insured loan because the interest rate and terms can vary. Here are some of the many questions you should ask about each loan:

1. What is the initial balance?

2. How much is the required down payment?

3. What is the term?

4. What is the initial interest rate?

5. How many points, if any, must be paid for that rate?

6. Is the rate locked? If so, when does the lock expire?

7. What is the initial monthly payment?

8. How much is the upfront mortgage insurance?

9. How much is the monthly mortgage insurance?

10. Is the mortgage insurance included in the monthly payment?

11. Does the payment include property taxes, homeowners insurance or other items?

12. Can the interest rate increase? If so, how often and by how much?

13. Can the loan balance increase? If so, when will the loan be recast?

14. Is there a prepayment penalty?

15. Is there a balloon payment? If so, how much and when is it due?

16. What are the closing costs?

Cheryl Washington
”Your Real Estate Concierge”
Mailto:relocatewithcheryl@yahoo.com
Mobile: 209-513-1169

FAMILY – SUMMER SAVINGS

The Family Hook-up!

Summer is here – so I thought I’d add a link that will give a few tid-bits on saving money, saving time, and enjoying this summer as much as possible.

Check out the LINK for some really cool ideas and tips.

Let me be your “hook-up” this summer for Real Estate Bank Owned property and more.

Enjoy!

Cheryl Washington
“Your Real Estate Concierge”
Mobile: 209-513-1169
Mailto: relocatewithcheryl@yahoo.com

Buying Bank Owned Property

What is Foreclosure?

Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. The foreclosure process can end one of four ways:

1.   The borrower/owner reinstates the loan by paying off the default amount during a grace period determined by state law. This grace period is also known as pre-foreclosure.

2.  The borrower/owner sells the property to a third party during the pre-foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.

3.  A third party buys the property at a public auction at the end of the pre-foreclosure period.

4.  The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure or by buying back the property at the public auction. These properties are also known as bank-owned or REO properties (Real Estate Owned by the lender).

 

Bank-Owned (a.k.a. REO):

If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually re-sell the property to recover the unpaid loan amount. The lender will typically clear the title and perform needed maintenance and repair; however, the discount for these REO homes is typically less than a pre-foreclosure or auction property discount. Bank foreclosures can become government foreclosures if the loan is backed by a government agency such as the Department of Housing and Urban Development (HUD) or the Department of Veterans Affairs (VA). In that case the government agency would be responsible for selling the property.

 

Next Step: Contact a local Realtor with Relocation Specialist
Cheryl Washington  “Your Real Estate Concierge”
209-513-1169
Mailto: relocatewithcheryl@yahoo.com

 

 

Central Valley Relocation

Witty Quotes and Other Stuff

 

Sometimes you gotta create what you want to be a part of.
 - Geri Weitzman

We can’t choose our famiy members, but we can choose to except each as they are - CWashington

Let’s create something new and take a leap of faith! – Whether selling, buying, or investing; and even becoming a Central or FresnoValley, California Sales Professional – Let me be your “hook-up” to the best in Real Estate.

Contact a local Realtor with Relocation Specialist
Cheryl Washington  “Your Real Estate Concierge”
209-513-1169
Mailto: relocatewithcheryl@yahoo.com