Thanks to Don McClure from Bank of America who shared this great information with me regarding some exciting news for those considering buying their first home; or for those buying up if they’ve been a home for some time.
Tax Credit for Homebuyers
First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a [...]
The New Tax Stimulus Bill as it Relates to Real Estate Explained in English
FHA Condo Approval UPDATE
Looking to purchase a condominium or townhome for yourself or for an investment property? Before you do, please check with your REALTOR and lender to make sure the community meets the Federal Housing Administration’s guidelines for resale purposes/considerations in the future. Here’s the latest news about new FHA rules.
This update contains the temporary changes to [...]
Good news! Banks can’t negotiate REALTOR Commissions in Short Sales
In the world of preforeclosure sales-often referred to as short sales-banks have put REALTORS® into a difficult dilemma: either cut commissions they’ll be willing to pay to approve a sale as THE third party to a transaction, or walk away from the deal. Let’s start at the beginning…
A completed short sale is a real estate [...]
Don’t Miss Out on the $8,000 Tax Credit!
It’s Time to Buy!
The 2009 First Time Homebuyers Credit has created an opportunity you may never see again. Use this program to make the most of your first home purchase, and start enjoying the benefits of owning a home now!
$8000 Homebuyer Tax Credit Program:
First time homebuyers may be eligible for up to $8000 in tax [...]
Orrin G. Hatch and his (and my) opposition to the Stimulus Package
I wrote a quick note to my senators and congressman expressing my opposition to the so-called Stimulus Package just passed by Congress and signed into law yesterday by our President. This is the response (with which I tend to agree) I received from Senator Orrin G. Hatch of Utah. This is one of the times [...]
Why the Mortgage Mess and Bank Failures?
It all started…
Who’s to blame for the mortgage mess? Bottom line—over the past ten years we’ve seen the government pressure banks into extending credit to more people, and the banks fall over each other trying to be the one with the loosest underwriting guidelines, and the most closings. Light underwriting caused huge demand for mortgages. [...]
Family loans remain a solid down-payment option
The Federal Housing Administration (FHA) recently altered its guidelines as a result of the Economic and Housing Recovery Act of 2008. One significant change was the elimination of the seller-funded down payment assistance program. Often used by builders through non-profit organizations such as Nehemiah and Ameridream, this program enabled the seller of a property (either [...]
Get the Utah Real Estate Market Facts Straight!
Below are comments from the Utah Association of REALTORS® to set the record straight and to in some ways combat all the negative press that’s so popular out there.
My comments will be below our last point. (I am a REALTOR®, after all!)
THE UTAH RE MARKET IS STABLE, AND BUYING A HOME HERE IS AN EXCELLENT [...]
