Karen Cox's (karencoxlandmark) Blog

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Mortgage and Lending - Landmark Professional Mortgage Company
RECENT BLOG POSTS
Hud announced today that as of February 1st, 2010 they are waiving the 90 day rule for sellers to be in title to a property, also know as the "flipping rule".   This is good for 1 year and does have positive influence in the market place!! As long as the buyer and seller are not related and as lo...
01/15/2010
An additional tax credit is available for "move up" buyers.  Purchasers that are puchasing that next home are eligible for a $6500.00 tax credit.  One major stipulation to this is that you must have lived in your existing home for at least 5 out of the last 8 years, consecutively. This applies to...
01/13/2010
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Reminder- that the First Time Homebuyer Tax credit of 8000 expires on December 1, 2009.   Let's back into this timeline- At the time of year that this expires it falls right after the Thanksgiving weekend. Title/Escrow companies and Lenders all take a 4 day weekend for the Thanksgiving Holiday so...
08/18/2009
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For all you investors out there, here is a great opportunity, just when you thought the investment opportunities were gone! www.homepath.com   This website has homes owned by FannieMae that are for sale.  These homes qualify for special financing for all investors.  The minimum required investmen...
08/17/2009
Good News for Salem, We have hit the top 10 list for Forbes prediction for a fast housing market recovery!! 10. San Jose, Calif. 9. Santa Barbara, Calif. 8. Redding, Calif. 7. Denver, Colo. 6. Bremerton, Wash. 5. San Luis Obispo, Calif. 4. Salem, Ore. 3. Colorado Springs, Colo. 2. Lincoln, Neb. 1...
08/17/2009
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Change in the lending industry is our new favorite word.  It seems as though we get one new process under our belt (HVCC-appraisals) and now we have new changes to learn and digest as well. July 30, 2009 the new HERA law and the MDIA disclosure processes have become effective. In a nutshell, the ...
07/31/2009
Many have heard about the rumor that HUD and FHA will allow the use of the First Time Homebuyer tax credit for purchasing a new home.  Well- yes and no.  The new rules have been released and they are as follows: Borrowers MUST have their 3.5% into the transaction, the tax credit can NOT be used f...
06/01/2009
2009 Best of Mid-Valley April 3, 2009 I was told today that I was on the 2009 Best of MidValley nomination list for Best Mortgage Broker,  this on the Statesman Journal website.  Voting continues through April 10, 2009. http://community.statesmanjournal.com/bestof/vote.php?cat=81 Thank you to who...
04/03/2009
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I have answered several phone calls since Obama's new "Making Home Affordable" plans that have been introduced in regards to these two programs on refinancing and modifications. One client in particular said that he received a phone call from a company that will help him with his modification for...
03/16/2009
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Mortgage Lenders Urged To Take Part In Housing PlanU.S. bank regulators want lenders to participate in the new program to support home loan modifications,_ in order to ease downward pressure on house prices and foreclosures. http://www.cnbc.com/id/29508073/ Here are links to several sites to help...
03/04/2009
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Karen Cox

NMLS#117349
local_phone(503) 385-4050
smartphone(503) 930-4848
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