Travis A Martinez, Real Estate Consultant

GMAC said today that they will close all of its mortgage retail offices.  This is a little bit of a shock to me, but I dont necessarily think it should be.  The local GMAC Mortgage office in Missoula has been cutting back it's mortgage brokers for quite some time now.  This appears to me to be some kind of reorganization by GMAC ...

The House of Representatives passed the Housing Stimulus Package.  What happens next? The Senate will need to confirm it, which is expected to happen; the President will need to sign it into law, which is also expected to happen.  What does this all mean? Here is a great list from an article in the Wall Street Journal:Key points of ...

The prevailing interest rate is often referred to as the "cost of money."  Or more simply put the amount that you have to pay to use someone else's money.  Typically long tern money (30 year mortgages) is more expensive then short term (10 or 15 year mortgages) money.  Another way of looking at this is as an ...

As I read the article below I was a little disturbed at the lack of coordination in DC.  It stinks and there is nobody that is clean in this situation.  Read below and see for yourself.  Bush Set to VETO Homebuilders BillArticle Originally published in the Wall Street JournalMay 7th, 2008WASHINGTON -- President Bush and Congress ...

Every time I turn on the TV I see the gloom and doom about our country.  So we might be in a recession......So what?!?! There are opportunities around every corner.  If you want to be engrossed by the negative of the situation then you will not be able to see the opportunities that exist.  What opportunities you might ask.  If ...

On January 29th RealtyTrac® published U.S. Foreclosure Activity Increases 75 Percent in 2007.  This report highlighted the worst states for foreclosure filings and foreclosure rates.  At the end of the report there was a list of all of the states and their foreclosure stats.  Montana ranked 36th in the nation with 1,378 ...

Buying homes at foreclosure auction can make you very large profits. Some investors earn more then $75K on one transaction or you can buy the property for you and your family to live in and save the money. Conditions have to be right and the situation ideal of course to profit this much on a single property, it is possible though to make a ...

I was a little appalled this morning when watching the Today show that they had a gentleman that said "Don't you dare buy now!"  He was a TV personality that you often see on shows like CNBC's Mad Money,  he was also the co-founder of TheStreet.com, Jim Cramer.  He obviously has a background in investing in Wall ...

Everything in the lending market changes quite frequently.  That is why I am in the selling side of real estate.  My take on the situation based on different conversations with mortgage brokers and investment planners is this: Some companies made some poor decisions in lending to people that did not have good credit.  Because of ...