I just wanted to inform my readers that this is my last month writing for Property Crossroads and b5media. Thanks for taking time to stop by to read the articles, subscribe and make comments. I also wanted to thank, b5media; for the opportunity they’ve given me, my former channel editor Doug Hanna; for all the guidance and encouragement and  my fellow business channel bloggers for all the valuable blogging tips I’ve learned. You can still read my real estate articles, tips, views and updates in my personal blog globalrealestatehighlights.com.  It’s fairly new but will be updated daily. If you are interested to apply as a real estate blogger for b5media, do contact our business channel editor Kelly Phillips-Erb at kelly.erb@b5media.com... [Read more]

Love at First Sight : Buying the first property you fall in love with can be your worst mistake, especially if you find out that there is something better at a more affordable price.  It is best to check out several properties, compare its best features, before you narrow down your choices.  What can be the best property in your list today, can be the last in your list by next week. Trust your Instinct :  Usually, your home is one of your most expensive purchase.  For something that can cost you a lifetime of mortgage payments, it pays to trust more than your instinct.  In fact, I would recommend that you set your emotions straight.  The less emotional you are about the buying process, the more likely you can come up with better buying... [Read more]

Source: YouTube Submitted by: JurockVideo Recently, I’ve posted articles about understanding foreclosure, the subprime crisis and how it affected global markets. The fear right now of most home owners and buyers is not so much about the mortgage crisis, but how to survive it. Real estate is a cycle, the trick right now is to hang on to your homes and investments till the next boom.    In this video; Ozzie Jurrock, a real estate expert gave some tips and advice on surviving the global credit crunch brought on by the subprime mortgage crisis in the United States.  He explained how credit is going to tighten and how some people will find it a lot harder to obtain a mortgage. He gave some tips on what you can do before the credit crunch... [Read more]

Source: YouTube Submitted by: linktv I would like to share this video I found in YouTube which can give you a quick overview of how the subprime crisis in the United States affected the other global markets and how it threatens to create a worldwide credit crunch.  It can give you a better understanding of the importance of being financially informed, ready and prepared when making any decision with regards to purchasing or refinancing your home. "The collapse of the subprime mortgage market in the United States has led to stock market drops across the world.  See the effect those investments have had on the European and Asian markets, reminding of how connected we are in the global economy.  But not just Wall Street is feeling the... [Read more]

In "A Closer Look at Foreclosure: Part I",  I mentioned about the increase in foreclosure in the subprime portion of the mortgage market and  how it escalated to a crisis that had a widespread effect in the US financial market and other global markets. So how did this happen? Reading this article in NYTimes, "Inside the Upside-Down World of the Short Sale" , I had a better understanding of foreclosure and the subprime crisis.  It discussed the real life stories of individuals facing foreclosure and those who are legally earning  money from their misfortune through short sale. Moreover, I understood the different scenarios that led this people to face foreclosure. Most of the people facing foreclosure took subprime mortgages. ... [Read more]