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Elite Asset Management Team's Blog

Elite Asset Management Team

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Displaying blog entries 141-143 of 143

Foreclosure fears foster true grief

by Elite Asset Management Team

Reports of foreclosures by the millions have been in the news so much over the past few years that to some, it might seem like the new normal. But as a real estate professional who is in the trenches with financially stressed homeowners every day, it never for a second feels to me like business-as-usual. Our Real Estate team specializes in the Albuquerque Distressed Sale market and we have been helping families with this type of struggle since 2007.

The prospect of losing ones home is right up there among the major sources of grief, and often, it goes hand in hand with other tragic setbacks such as the loss of a job, a divorce, death of a loved one, mounting medical bills or skyrocketing mortgage payments.

Unfortunately, the first stage of grief is denial, and that’s even more the case when the threat of foreclosure is looming. No one wants to talk about or admit financial troubles—even when millions of others have found themselves in a similar spot.  It’s completely understandable, but for homeowners who are behind on mortgage payments, decisive action is often the most critical step toward ensuring the best possible solution.

As a real estate professional in the Albuquerque Real Estate market who has sought out the Certified Distressed Property Expert (CDPE) designation, our team helps homeowners to deal with every aspect of the grief and uncertainty that accompanies a mortgage which is no longer manageable. In the process, we help them to get on a path of financial solvency.

If you or someone you care about would like to change the course of a life that’s facing foreclosure, our team gets it and we can help.

Contact Pete or Sean with the Elite Asset Management Team at info@nmelite.com or call Sean at 505-453-3002 or Pete at 505-362-2005.

Our Team is here to help with anyone that is facing foreclosure.

Warm Blessing,

Sean and Pete

New Website has gone Live!

by Elite Asset Management Team

The Elite Asset Management Team is pleased to announce the release of our new website www.EliteAssetMgtTeam.com!  We are very excited because this website features many new features for Buyers to search for properties in the Albuquerque and Rio Rancho area.  There are many Buyer Reports and tools to help educate the buying process and also easy search features when looking at Albuquerque Real Estate.  In addition, we have some tools and reports for Sellers to utilize.  There is a Home Values button at the top of the website that helps Sellers request a Free Market Analysis.

Other great features is the Listings By email that Buyers can sign up for and receive on a daily basis.  This search is also specific to the Buyers search criteria and you can select what criteria you want when searching for Albuquerque Real Estate. Buyers can also select the Bank Owned button that allows buyers to search for Bank Owned property in a specific price range. Past clients and current clients can sign up to receive our Monthly Newsletter that will be updated monthly and will have some great Real Estate information ranging from topics about home mortgages, Albuquerque Area Foreclosures, Short Sales, and updates on the Albuquerque Real Estate Market.

In you know anyone that can benefit from using our website please pass the link on to your friends and family. The biggest compliment we can receive is a referral and we will provide that same level of service you experienced with us in the past.  We look forward to hearing from you soon and please let us know your thoughts about our new website.

Warm Regards,

Sean and Pete, #1 Re/Max Elite Team

Should I Buy a Home Now?

by Pete Veres

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 141-143 of 143

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Photo of Elite Asset Management  Real Estate
Elite Asset Management
RE/MAX Elite
8300 Carmel Ave. NE Ste. 201
Albuquerque NM 87122
(505)362-2005
Reviews on Zillow
2781349
"Pete was very helpful in every way, since I'm from out of state , Pete and his staff helped me find Contractors for the repair of windows, stucco, ... more "
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"I have to say Pete is the best realtor. He is very informative and knowledgeable about the loan process and closing. He would always let us know what ... more "
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