New Trend in Real Estate

A new trend I have been seeing lately concerning real estate would be independent living for seniors. The key difference between independent living and other housing options is the level of assistance offered for daily living activities. There are many types of independent living facilities, from apartment complexes to separate houses. Perhaps your home has a large yard which requires constant maintenance, or maybe it’s becoming more and more difficult to clean those extra rooms that are rarely used, these complexes will do those things for you. You are also able to be around people your own age and most of the facilities host social events in their "club house."

The Stratford at Phoenix includes All-day dining in the Victorian Dining Room allows residents to dine on their schedule, not ours, leaving more time and flexibility to enjoy the many activities and amenities offered at The Stratford. These Community amenities include Cut-N-Curls, the beauty/barber shop, the library/computer center, activity rooms, private chapel, and a fitness center. 

http://www.thestratford.org/

Which Property Type To Invest In

If I were to invest in San Antonio right now I would invest in apartments. According to the graph above, The market took a big hit in 2008 and 2009, but now rental rates are increasing and there has been a huge spike in occupancy rates.

Foreclosure

When the economy crashed and his business slowed down, Wells Fargo offered to modify Steve Bailey’s loan to lower his payments. After making a series of trial payments, Wells Fargo notified Steve that his modification was on the way.

A few days later he received a letter stating that his modification had been denied. The Wells Fargo representative he spoke with reassured him that they had made a mistake and that he should keep making the payments, which he did for seven months.

Steve then started to receive foreclosure notices. Again, the bank representative assured him that the notices had been sent in error.

Then Steve checked his credit. Wells Fargo had reported him delinquent on his mortgage for the last six months. The reduced payments that Steve had agreed to pay for the previous months had been put into a separate trust by Wells Fargo, and they had not gone towards his mortgage.

 The case went to court but Steve lost despite mountains of evidence in his favor, making this a judicial foreclosure.