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According to the Wall Street Journal, Mr Sambrotto spent six months trying to sell the apartment in trendy Chelsea through online listings and classified advertisements. But the DIY home selling guru eventually decided to turn the sale over to a p rofessional. Read More...
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The 2011 Nevada legislative session yielded three new laws that afford homeowners additional protections. One has to wonder if Tennessee should follow suit. Nevada Senate Bill 414: Prohibits banks from unreasonably delaying a short sale. Also prevents Read More...
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Good news! After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline , the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts Read More...
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“From home buyers to lenders, mortgage fraud has had a resounding impact on the nation’s economy,” Mueller added. “Those who prey on the housing market should know that hundreds of FBI agents on task forces and their law enforcement Read More...
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Affordable TREC Education, Sunday, June 13, 2010 4:31 PM Before Larry Thomas unloaded his Pompano Beach, Fla., home last fall for a fraction of what he paid, he cut a deal that will keep him from worrying about a huge debt hanging over his head. Thomas Read More...
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Three Senators introduced a measure to extend the present home buyer tax credit closing deadline from June 30 to Sept. 30. They are Senate Majority Leader Harry Reid, D-Nev., and Sens. Johnny Isakson, R-Ga., and Chris Dodd, D-Conn. This amendment does Read More...
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CHIEF EXECUTIVE magazine annually reports which states offer the best and worst conditions for businesses to prosper (evaluating such things as tax policies, quality of life, infrastructure, regulatory environment, etc.) In their newly released report, Read More...
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Daily Real Estate News June 4, 2010 Interest on 30-year fixed home loans averaged 4.79 percent this week -- up slightly from 4.78 percent a week ago but still near historic lows. The average rate on 15-year fixed loans hit a record low of 4.2 percent, Read More...
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Daily Real Estate News June 3, 2010 Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the NATIONAL ASSOCIATION OF REALTORS®. Read More...
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The average 30-year fixed-rate mortgage slid 4 basis points, to 4.92 percent . A basis point is one-hundredth of a percentage point. The new rate is the lowest in the nearly 25-year history of the weekly Bankrate survey, eclipsing the previous record Read More...
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The FHA is expected this summer to slash the cap on "seller concessions" from 6 percent of the home price to 3 percent . In announcing the policy change, FHA officials said the 6 percent maximum " exposes the FHA to excess risk by creating Read More...
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Approximately 25 percent of real estate practitioners say low appraisals have broken up deals, according to the NATIONAL ASSOCIATION OF REALTORS ® . While foreclosed properties typically are not included in a comparable sales analysis, they account Read More...
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Feddie Mac reports a drop in the 30-year fixed mortgage rate to 4.98 PERCENT during the week ended March 19 from 5.03 percent the prior year, marking the lowest rate since 4.96 percent in mid-January. Experts say rates could fall further in response to Read More...
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…at least according to the Washington Post and the Mortgage Bankers Association . Although there have been, and will continue to be, variations from week to week, experts predict rates will remain low for a while, but won’t go very much lower. Read More...
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I know you haven't seen anything in the news about this... ...end time signs, I believe. Please pass this on. Take 9 minutes and watch this video below. Try to watch it before it's pulled from YouTube . http://www.youtube.com/watch?v=vuBo4E77ZX Read More...
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