Archive for the 'Real Estate Advice' Category
Did you know? FHA changes & seller paid closing costs are changing.
Did you know?
On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25% and the amount of money that a seller can return to the buyer from their sales proceeds will be reduced from 6% to 3%.
Combine those new changes along with the […]
How do Realtors Help the Economy AND Save YOU Money?
How do Realtors Help the Economy AND Save YOU Money?
After a successful Hill Day on January 21st, there are no proposals yet for any tax on real estate. Our lobbyists have met with legislative leadership and many other legislators since our Hill Day and so far, there are no bills to increase the real estate […]
Just Released: Fannie Mae Announces 3.5% Assistance on HomePath Properties.
Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties
Incentive Part of Ongoing Effort to Stabilize Neighborhoods
WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice […]
Foreign Real Estate Investors Favor the U.S.
Foreign Real Estate Investors Favor the U.S.
Jan 19, 2010 - CRE News A majority of foreign real estate investors favor the United States and are poised to increase their activity here this year.
Their allocations for equity investments in U.S. commercial properties this year are up 62% from a year ago and their […]
Breaking News: FHA Announces Increase in Upfront Premiums
Increase in Upfront Premiums for FHA Mortgage Insurance
FHA loans with a case number assigned on or after April 5, 2010, will have a 2.25% upfront mortgage insurance premium. This is a .5% increase. Case numbers are generally assigned when there is a contract with a property address, and a closing date AND the borrower has […]
This week in housing & finance… 1/18/10.
For the week of January 18, 2010.
INFO THAT HITS US WHERE WE LIVE Our hearts go out to the people of Haiti recovering from the terrible tragedy of last Tuesday’s earthquake. We know everyone’s thoughts are with the Haitians. It has been inspiring to see the American people support the relief efforts in so many […]
HUD Takes Action to Speed Resale.
Hopefully, this will be great new for buyers, sellers & community values!
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help bring stability to home values and accelerate sale of vacant properties
WASHINGTON - In an effort to stabilize home values and improve conditions in communities where foreclosure […]
Short Sale Scams Continue… at the bank level.
Below is a link to a story that was recently run on CNBC. This goes into a little more detail about how the short sale scams are continuing… only at the banking level… and it’s putting our homeowners in a very difficult situation. Frankly, this story is disgusting, yet something we are continuing to see […]
Read More..>>News that effects us all! FEMA has changed the flood maps.
News that effects us all! FEMA has changed the flood maps.
The Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) are updating flood hazard maps across the country. These new flood maps, also, known as Digital Flood Insurance Rate Maps (DFIRMs), show flood risk at a property-by-property level. Changing weather patterns, erosion, […]
Does my home qualify for a USDA loan?
Curious if your home (or new home!) qualifies for a 100% USDA loan? Just check out their website and type in your new address.
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11