In today's real estate market are the banks land rich and cash poor?
922084
As the previous poster noted, LTV may mean nothing down the rouad since so many properties may not hold value if the market goes south. That is a concern facing banks and the anticipate 3 in 10 of properties going into foreclosure. Banks that will fair better are those that offered largely conventional products. Even if LTV means squat, the borrower in the property may still able to service the current debt. Some banks might offer borrowers an opprtunity to pay down the debt to a more conforming LTV  in exchange for a discounted rate. But for non conforming lenders who offered primarily creative type deals, will be hit pretty hard....\n\nTo mitiagte losses from R/E, many banks are re-aligning their portfolios.
333841
I don't know Asset Land Investment.  But I bet the stock market rally will continue, and this will feed through to banker bonusses.  This will lead to higher end housing development where these guys live, and parts of Surrey are known to have concentrations of financial types.  there has also been pressure on the government to convert green belt land into developable land, so this might support prices as well.
459077
Real estate is pretty popular these days, but there's a massive bubble there right now, so be careful.
506363
It can be, but there are a few things to consider:\n\nYou need to have a little money behind you so you can be self sufficient until commissions start rolling in\n\nYou need to be persistent and tenacious - if you don't have these qualities, success will come harder\n\nYou need to be aware of the property market around the time you decide to start.  Is it a buyers market or a sellers market?  Have prices gone up?  Are there many properties for sale at the moment?  What will my farm area be?  All these things can seriously affect a salesperson's ability to get listings and make sales\n\nIt's a good idea to have your finger on the pulse with reagrds to the property and rental market at all times anyway - attend auctions and open houses is a good thing to get into the habit of doing\n\nBest of luck
500341
It is not just one market.\nWhere I live in Houston the house values are going up.\n5 miles away they are going down.\nLocation, Location, Locations
405718
I am giving my answer without a crystal ball.  The market is on its way down because the price went up too quickly and a lot of emotional buyers got their new houses without knowing how to pay the mortgages.  We will see plenty of foreclosures unfortunately.  If you are looking, please just look and keep looking for the time being.
244299
If someone has a mortgage on their house, the bank owns the house and has the deed.  They don't release the deed until the mortgage is paid.  It is very hard to buy real estate without you yourself getting a bank loan.  I think you have gotten some bad information.
1044208
Yes its a bad bad thing! \nthe market is going to crash anywhere there is a 10% or more apperication.   If you want a safe market look for one with 3-4 apperation that has stayed steady for years. \n\nit has nothing to do with interest, it's that people people are will to pay more then a home is really worth just to live in CA or FL
793567
Not at all.  Many factors come into play when obtaining a mortgage.  Call your local bank and ask for a loan officer.  They will be happy to answer your questions, if not keep looking.  You should be able to get almost any loan you want on any property.  ARM's do offer bigger incentives for the bank or loan professional you are using, they may try to steer you there.  Make sure to ask around with other financial institutions.\n\nFrom my experience 5 acres and under are quite easy and fall into residential.  However, if any of the land is used for profit from a farm type business (crops, animals, etc) the lending rules change fast.
817193
Property sales are down everyplace, but prices are up in some areas even though sales are down. I think this a buyers market. Buy low and sell when it turns around in five to ten. In general I think this always works.
1036615
well yeah its a good time but there wont always be a demand at the moment it is a buyers market. there are more houses for sale than there are actually abled buyers.
158138
I am a Realtor.  I ask qualifying questions to make sure that the buyers I am working with can purchase the homes we are looking at.  I have never asked for bank statements.  However, a lender will have to have them to send the loan to underwriting to document your income.  That is just part of the application process for a loan.  A good real estate agent will ask qualifying questions in order to keep from wasting everyone's time looking at homes you cannot afford.
1036555
There have been recent reports indicating that the red-hot real estate market of late has started slowing.  Howerver, while real estate as a whole may be slowing, each market is different.  There may be areas of the country where prices are falling and building is slowing, but there may be others where the market is still red-hot.\n\nYou will probably need to look on a more local level to detemine what is going on and how it will affect you.
120054
All real estate is local. Some local markets will most certainly see prices stabilize to fall. Coastal areas have been extremely HOT. Areas like Atlanta have only seen modest growth in the past.\n\nSo what you're likely to see is prices in coastal Florida show flat to decline, while metro-Atlanta will see flat to increase. \n\nRemember though, people have been saying Florida will decline for many years and many of us (including me) have missed great opportunities.
518220
Yes of course!  The price of real estate has many factors, only one of which is access to water.  To find out what your land is worth, you should probably find out what other similar properties in that area sold for - that's how mortgage co's determine how much they will lend you to purchase real estate.
235367
You are asking a question that requires predicting the future. Anything you hear is merely opinion. \n\nToronto is a good market. It differs from other real estate hot spots in that Ontario is flat and open. The urban sprawl can expand almost limitlessly. In Vancouer, for example, there is much less land avaialble for new building.\n\nInterest rates are rising through the world. Further tightening could easily send real estate prices lower. Nothing is certain though. Do your research. \n\nCheck mls.ca and find out what properties are selling for. What were they selling for 6 months ago? Bidding wars were common in Toronto last year, as a buyer you are much better off if you can avoid that situation.
161839
Its simple.  They make more babies but not more real estate.  Most of the big money in the world is tied to real estate.  Keep w/the investments that give you ultimate leverage (real estate)! Contact me if you would like to chat in person.\n\nPaul T. \nFinancialEvolution@comcast.net   PS. I'm a professional loan consultant and I try my best to be a invesment mentor.