How to Make Sure You Get the First Time Home Buyers Tax Credit
February 9, 2010 by dirkknudsen · Leave a Comment
Seven Things You Need to Know about Claiming the First-Time Home Buyer Credit and Doing it the Right Way!
PMI Says They Can See Home Prices Bottoming Out in 2010
February 9, 2010 by dirkknudsen · Leave a Comment
A new study from PMI Mortgage Insurance Co. suggests home prices have found their bottom. The company’s analysis shows that by almost all measures, residential property values began stabilizing considerably during the second and third quarters of last year – and monthly data through November confirms that this stabilization continued into the fourth quarter. PMI [...]
New Loan Modification Guidelines Issued By HUD for 2010
February 2, 2010 by dirkknudsen · Leave a Comment
A note on Loan Mods: From www.realtrends.com “As part of the Administration’s ongoing housing market stabilization plan, the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) released updated guidance for servicers participating in the Administration’s mortgage modification program. This guidance refines the documentation requirements in order to expedite conversions [...]
Troubled homeowners choose strategic mortgage default
January 24, 2010 by dirkknudsen · Leave a Comment
By Amy E. Buttell, Cyberhomes Contributor With one-quarter of all homeowners underwater and many unable to refinance, more are considering what was previously unthinkable: walking away from their homes, even though they can afford their payments. It’s an idea that’s gaining currency. Experian, a credit rating firm, and Oliver Wyman, a consulting firm, estimate more [...]
Special Financing Available in Oregon for Builders Inventory
January 21, 2010 by dirkknudsen · Leave a Comment
This is a new Finance and Warranty Program all wrapped into one and it is a heck of a program. You need to qualify and purchase one of the homes that is on the list that is published by Community Financial Corporation in Lake Oswego. Having said that there are some terrific values here. Get [...]
FHA Loan Guidelines Changing Again: Catch Up
January 20, 2010 by dirkknudsen · Leave a Comment
Great info to read up on. These new rules will stabilize the markets but will mean it is harder to get into a home. There is still good FHS funding out there however. It is very important to note these Rule Changes. here is the post from the HUD Website: FHA Announces Policy Changes to [...]
Biggest Losers in America: Cities where Prices are Still Falling
January 19, 2010 by dirkknudsen · Leave a Comment
From Realtrends Newsletter and Forbes.com For many cities, home prices are still falling, according to Forbes.com. For its list of cities with the fastest-falling home prices, Forbes used Altos Research’s January market update, which looks at asking prices, inventory and days on the market single-family homes–but not condominiums–in 27 of the country’s closely watched real [...]
