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A new program that acknowledges that homeowners are unable to afford their homes is intended to speed up the short sale process. “The push right now is for servicers to avoid foreclosure and the push is coming not only from The Obama administration ...[Read More]
The directors of the California Association of Realtors® (CAR) have recently adopted the following motion at their fall meetings: "That C.A.R. in conjunction with NAR, "SUPPORT" the elimination of the FHA 90-day anti-flipping rule, and ...[Read More]
The Senate has decided to extend the first time home buyer $8,000 tax credit. To be eligible, buyers must be under contract by April 1, 2010 and close by July 1, 2010. They are also going to be offering a $6,500 tax credit for homeowners who have lived ...[Read More]
The average home remodeling costs are down five to ten percent across the nation with some areas averaging a twenty percent decrease. This is good news for all you investors out there and anyone looking to do a remodel. Stats come from the most recent ...[Read More]
With high energy cost contributing to oil and gas activity, Texas' primary state export, our metropolitan areas have grabbed three of the top 5 spots according to businessweek.com and Brookings Institution ratings for top economies in the Nation. Here ...[Read More]
The tax credit has been extended through 2010 for military, intelligence, and diplomatic personnel currently serving overseas. This increases the likeliness that congress will agree to an extension and maybe even an expansion of the tax credit for everyone, ...[Read More]
A new wave of novice investors has emerged with the increase in foreclosures and bank REOs and they must keep these three tips in mind before diving head first into the business. Just because the property seems like it is a steal of a deal, they think ...[Read More]
The extension of the first time home buyer tax credit is at the top of Congress' list of things to do legislative aids say. After a meeting between President Obama, House Speaker Nancy Pelosi, and Senate Majority Leader Harry Reid that was held on ...[Read More]
Overview of Tax Exempt Mortgage Revenue Bonds and advantages to borrowers include: Below market interest rates Down payment assistance grants Second mortgages A 4% Second Lien Deferred Forgivable Loan May Be Used For Down Payment and Normal and Customary ...[Read More]
Local Market Monitor, a real estate forecasting service who puts together nationwide market trends for banks and investors has named the Fort Worth and Arlington real estate market as one of the top 10 markets likely to rebound soon. They expect home values ...[Read More]
9348 GOLDENVIEW DR FORT WORTH, TX 76248 List Price: $98,550 As-Is Value: $109,500 Click here to view the Property Conditions Report and Lead Based Paint Disclosures as applicable. Beds: 3 Baths: 2 Family Room: Kitchen: 1 Dining Room: Living Room: 1 Den: ...[Read More]
The deadline to purchase a home and still be eligible for the first time home buyer's tax credit is November 30, 2009 which means there is still time if you act now. There are a couple of bills proposing an extension but nothing has been signed in ...[Read More]
FHA backed loans account for 25% of all new mortgages in the current market which will make this year the busiest ever for Federal Housing and Administration. Applications alone for these type or mortgages are up 50% from last October through August 2009 ...[Read More]
I will be adding a Fannie Mae Foreclosures page similar to the Freddie Mac Foreclosures page to the website soon. Yet another way to find a great foreclosure deal.[Read More]
According to BusinessWeek's real estate guy Marc Roth, Investors are returning as the real estate market is on the upswing. Some of the opportunities he points out are Single Family Residential, Multi Family Investment property, Vacation property, ...[Read More]
Another bill has been brought out claiming to help Americans afford energy saving improvements when purchasing a home. If passed sometime in the Fall of this year, the American Clean Energy and Security Act of 2009 will require Fannie Mae and Freddie Mac ...[Read More]
There a couple of pending bills in the Senate and U.S. House that will extend the first time homebuyer's tax credit which expires November 30, 2009. Also they are talking about raising the limit from $8,000 to $15,000 but it probably won't happen. ...[Read More]
Basically what happens is a buyer puts a contract on a property with a close date sometime in the future. Before the close date the original buyer acts as the seller and finds another buyer who in turn puts another contract on the property between buyer ...[Read More]
May 12, 2009 the Federal Housing Administration announces it will allow lenders to use the $8,000 first time home buyers tax credit as a downpayment on a home for FHA consumers. This will give buyers access to the cash at the closing table through a short ...[Read More]
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