The new rules that take affect for short sales starting April 5, 2010:1) Seller must be unqualified for a loan modification under the homeaffordable mortgage program or be unable to afford the modification.2) The Bank will set an acceptable value of the home upfront, based onan appraisal or broke...
Mortgage Brokers and Real Estate agents will be very busy over the next few months. Everyone will be finalizing deals with clients who want to take advantage of the ferderal tax credit for the frist time homebuyers. It would definitely help my business but that feels a little selfish. I think ...
I have pledged to donate/collect 1000 canned goods for our local food bank...what about you?
89 DAYS LEFT TO TAKE ADVANTAGE OF THE $8000 Tax Credit! www.ursulagray.com
On May 14, the Treasury Department announced a plan to "provide incentives for servicers and borrowers to pursue short sales" in cases where the borrower is generally eligible for a modification under the federal government's Making Home Affordable plan, but either can't qualify or gets the modif...
Raleigh, NC was named the #2 Housing Market to rebound on The Today Show.
Raleigh, NC has been named by Forbes Magazine as the #1 Place people are relocating!
HUD officials said Tuesday that HUD would move forward with a plan to let first-time homebuyers use the currently available $8000 tax credit as collateral for "bridge loans" to cover the down payment on Federal Housing Administration-insured mortgages.
Consideration is now being given for the $8,000 First-Time Home Buyer Tax Credit ...would be available for FHA financing, which would permit home buyers to monetize their tax credits for down payments.