Archive for Uncategorized
Tax Credit Extension Passes!
U.S. Congress passed an extension of the Home buyer Tax Credit closing deadline. Buyers who qualify now have until September 30 to close.
This Month In Real Estate April 2010
REAL ESTATE AGENTS TAKE A STAND!
With the new HAFA guidelines going into affect in April, comes another form of LETS DIG IN THE AGENTS POCKET! Look, times are hard and we work damn hard to keep deals together more than ever. So why should we allow servicers/banks hire a vendor to do their job and ask us to pay for [...]
Short Sale Incentives Coming Soon
Catching up on my reading this morning, I was sent and email regarding HAFA which included some note on HAMP which let me to reading more on HARP. Are you confused yet? These are programs to help home homeowners in need of assistance.
Are these programs really helping or does it delay the inevitable? So far [...]
Our Next Problem, More Mortgage Resets?
Recently I was reading some articles regarding ARM resets, spikes in foreclosures and how many foreclosures are actually out there which made me think about something I had read about almost a year ago that not many agents or home owners in general are either aware of or just not paying attention to. Here is [...]
This Month In Real Estate March 2010
Did You Know That Loan Modification Can Hurt Your Credit Score?
If you did not know, if you attempt a loan modification, your credit score will be adversely affected by as much as 100 points. Some home owners are not aware of this and are suddenly being surprised after hearing this can happen whether you are accepted for the loan modification or denied, after the trial [...]
Real Estate Terms To Know
Current market conditions have made the following terms common so I thought I would post the definitions.
Lis Pendens – A written notice that a lawsuit has been filed which concerns the title to real property or some interest in that real property. The lis pendens (or notice of pending action) is filed with the clerk [...]
Stop Heat & AC Loss = Save $
When we think of heat loss or AC loss we commonly think of insulation, between walls, in your ceilings… Here is a little thing we can all do to stop additional loss that we probably never thought much about and you can do it yourself in minutes.
A penny here, a penny there all adds up [...]
Is the housing market near the bottom?
I’ve been saying for a while now that the first quarter of 2010 we should be at or near the bottom in our housing market. We have two major factors holding us back at this time, one employment and two banks.
As long as people are still being laid off, we can expect mortgage defaults thus [...]
