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Who can use the homebuyer tax credit? First-time buyers and long-time homeowners who buy a replacement principal residence. (The law defines a first-time buyer as an individual who has not owned a home in the three years prior to the day of purchase. According ...[Read More]
Refinancings increased 0.9 percent last week, while interest rates climbed as well, according to the Mortgage Bankers Association. Read more >[Read More]
Many additional foreclosures are expected over the next year, which could affect pricing at the lower end of the housing market. Read more >[Read More]
FICO Chief Mark Greene says high unemployment and underwater home owners are signs that more mortgage and credit card defaults are on the horizon. Read more >[Read More]
Laws that Affect Your Mobile Business Text Messaging Ban/Cell Restrictions - Public Act 96-130 (HB 71) prohibits a person from using an electronic communication device to compose, send or read a text message while driving. This new law has certain exceptions—if ...[Read More]
Experts say that mortgage rates will likely stay low, even if the Federal Reserve stops its mortgage-backed securities purchasing program in March 2010. Full Story >[Read More]
Hundreds of thousands of borrowers face a substantial increase of mortgage payments next year on option ARM loans written in 2004. Full Story >[Read More]
U.S. Census Bureau and the Department of Housing and Urban Development reported a 6.2 percent increase in new home sales from September to October. Full Story >[Read More]
• single story - MLS® $45,000 Melrose Park, Cook County - 45x126 vacant buildable lot in the middle of newer residential homes. zoned - R5 Single Family. PERFECT OPPORTUNITY TO BUILD YOUR HOME. Not a short sale, close within your time. Property ...[Read More]
Home sales will increase 15 percent and real estate professionals' income will go up 20 percent next year, NAR Chief Economist Lawrence Yun predicted in his residential economic update. Read more >[Read More]
On November 5, 2009, the House of Representatives passed H.R. 3548, the Worker, Homeownership, and Business Assistance Act of 2009 (the “’09 Act”) which the Senate had approved the day before. President Obama signed it into law on Friday, ...[Read More]
Elk Grove, Elk Grove Village - Announcing a price reduction on 310-985 CHARLELA LN, a 1,000 sq. ft., 2 bath, 2 bdrm single story. Now MLS® $140,000 - . Property information[Read More]
Mortgage application paperwork has to be ready to go, though short-sale purchases should be avoided to make the Nov. 30th deadline. Read more >[Read More]
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