Monthly Archives: January 2010
Homeowner’s Survival Event Saturday, March 20, 2010 10am-4pm
I received an e-mail from Sandra DiCosmo, Account Manager, with First American Title to notify me and spread the word about an upcoming event, “The Homeowner’s Survival Event”. This event is intended to educate distressed homeowners about their options and … Continue reading
First Time Home Buyer & Move-Up/Repeat Home Buyer Tax Credit Outlined
Still thinking about taking advantage of the First-time Buyer and Move-Up/Repeat Buyer tax credit? If so, an outline of the terms and conditions that need to be met to qualify can be found here. $8,000 First-time Home Buyer Tax Credit … Continue reading
Posted in Buyers, First time homebuyers, Mortgage/Financing
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Typical Counter Offer to Buyer’s Short Sale Offer
Lately I have been working with buyer’s that are looking at Short Sales, as a result, a lot of my recent posts have focused on this topic. Today will be more of the same! I am starting to see more and … Continue reading
Posted in Buyers, Foreclosure/Short Sales
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HUD Announces Changes to FHA Today
Earlier this week I reported that HUD would be making changes to FHA. Here is the HUD press release outlining the changes. WASHINGTON – Federal Housing Administration (FHA) Commissioner David Stevens today announced a set of policy changes to strengthen the … Continue reading
Posted in Buyers, First time homebuyers, Mortgage/Financing
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Household Tip: Use Your Ceiling Fan to Stay Warm
Reverse the switch on your ceiling fan to run counterclockwise (reverse; this looks clockwise as you are looking up). This will redirect the warm air from the ceiling and down the walls and into the living space. Run the fan … Continue reading
Posted in Household Tips
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Additional Changes Planned for FHA
This week FHA will announce major changes to ensure its long term financial soundness. FHA is trying to balance three fundamental objectives: 1) financial soundness – ensuring that its capital ratio returns above 2 percent, 2) fulfilling its mission of … Continue reading
Posted in Buyers, First time homebuyers, Market Conditions
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New Good Faith Estimate and HUD-1
In my “What Is RESPA” blog post I mentioned that the US Department of Housing and Urban Development (HUD) was implementing significant revisions to the Good Faith Estimate (GFE) and the HUD Settlement Statement (HUD-1) in order to provide borrowers with … Continue reading
FHA lifts 90 days Seasoning Rule
On Friday, January 15th, 2010, the Department of Housing and Urban Development (HUD) announced that they are lifting the 90 days seasoning rule in order to “stabilize home values and improve conditions in communities where foreclosure activity is high. The waiver … Continue reading
Market Update
Every month my marketing rep, Maggie Clark, from Equity Title sends out a market update. The December numbers have been published. Here are some of the highlights: There was a 28% increase in the number of sales from December 2008 to December 2009. 2009 … Continue reading
Posted in Market Stats/Analysis, Title/Escow
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1st Step to the Home Buying Process
I have been getting a lot of calls lately from prospective buyers that want to look at homes. One of the 1st questions I ask them is, “Will you be financing the purchase or will you be paying cash for the home?” If … Continue reading
Posted in Buyers, First time homebuyers, Mortgage/Financing
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