Latest Posts from My Blog
Did you Miss the Boat on Record Low Mortgage Rates?
Friday, June 14, 2013
Yes, it’s true that ultra-low rates seem to have come to an end. However, historically 30-year loans are at 5.5 percent or higher. If you’re thinking of refinancing or making a move now is an excellent time, before the rates … Continue reading
Eight Tax Breaks for Homeowners
Thursday, February 21, 2013
Taxes are due April 15, which means it’s time to start gathering your W2s, 1099s, child care receipts and bank statements. But before you sit down with your accountant, it’s important for you to know that merely owning a home … Continue reading
New Laws for the New Year – How the American Taxpayers Relief Act Affects Homeowners and the Real Estate Market
Tuesday, January 8, 2013
Congress reached an agreement on the “Fiscal Cliff” negotiations and President Obama signed the American Taxpayers Relief Act into law last Wednesday. So how does this affect homeowners and the real estate market? Here are the housing-related provisions included in … Continue reading
Home prices post strongest growth in 6 years
Thursday, September 6, 2012
MLS data from CoreLogic shows July trend continuing into August BY INMAN NEWS, TUESDAY, SEPTEMBER 4, 2012. A home price index based on multiple listing service data showed national home prices were up 3.8 percent from a year ago in July, … Continue reading
Fannie and Freddie Accelerating Short Sales
Monday, May 7, 2012
Fannie Mae and Freddie Mac will require loan servicers who need more than 30 days to make a decision on a short-sale offer to provide weekly status updates and give a thumbs-up or thumbs-down no later than 60 days after … Continue reading
California to Receive $18 Billion in Mortgage Settlement
Tuesday, February 14, 2012
California to Receive $18 Billion in Mortgage Settlement On February 9, Attorney General Kamala D. Harris announced that California secured up to $18 billion for its distressed homeowners as part of a $25 billion national multistate settlement with the country’s … Continue reading
Foreclosures fall to lowest level since 2007
Friday, January 13, 2012
Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties. One … Continue reading
Turning Foreclosures into Rentals
Thursday, January 12, 2012
Federal officials hope to launch a pilot program in early 2012 to convert government-owned foreclosures into rental properties. The program, which was cited by Federal Reserve Chairman Ben Bernanke last week as one way to address the housing crisis, would … Continue reading
FHA says: Flip that house
Friday, January 6, 2012
Flippers, the real estate investors who buy homes on the cheap and quickly resell them at a profit, just got a reprieve from the Federal Housing Administration. In an effort to help stabilize housing prices and unload some of the … Continue reading
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