That is a tough call. The residential home inventory hasn’t been this low in years. With inventories this low, buyers are competing for the best properties while still trying to get more for their dollar. Have you considered listing your home? In this current market, your property has the potential to sell for more than…
by Tara Steele in Mortgage, News – October 1, 2012 Bank of America is in the process of sending out thousands of second lien mortgage forgiveness letters as part of this year’s massive mortgage servicer settlement. Bank of America’s big move As part of what Bank of America calls their “ongoing efforts to help…
Have you wondered if your home value is going up? The map below displays what Arizona cities are at, in terms of listing prices. Prescott, in the past 3 months – has increased a whopping 5.17%. And Currently the Stephanie Woods Team, at Keller Williams in Prescott Valley, AZ needs SELLERS! Making this an ideal…
Implementation of 2010 Census Data No changes to rural designated areas based on the 2010 Census Data will occur until March 27, 2013 unless directed otherwise. For additional information on this subject, attached is the Administrative Notice, AN 4679 with additional information. Below is an exert directly from the AN
According to findings by the NATIONAL ASSOCIATION OF REALTORS®, the time it takes to sell a home is shrinking. The median time a home was listed for sale in July this year was just 69 days. That’s down nearly 30 percent compared to 1 year ago. In fact, nearly one third of homes bought in…
Underwater debtors may get tax relief By Kenneth R. Harney, Published: August 10 Here’s some encouraging news for financially stressed homeowners across the country: The Senate Finance Committee approved a bipartisan bill before heading home for summer recess that would extend the Mortgage Forgiveness Debt Relief Act through 2013. Why is this important? Several reasons:…
There are more and more options available out there for homeowners who are underwater. Fannie Mae and Freddie Mac are creating new programs to assist you – even if your payments are current. Short Sale time frames are getting shorter, allowing buyers to remain under contract instead of giving up when purchasing takes too long….
A funny thing happens in real estate. When it comes back, it comes back up like gangbusters. ~Barbara Corcoran Active Properties UNDER $100k The real estate market has turned around in some parts of the U.S., but many buyers aren’t seeing true bargains anymore. Investors are driving up prices, and inventory is…
Always remember that the future comes one day at a time. As part of the Servicing Alignment Initiative, on August 21, the FHFA issued a press release entitled FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac.To view the Freddie Mac Bulletin, please click here. To view the Fannie Mae Announcement…
by Jann Swanson GSEs to Allow Short Sales for Borrowers Who Are Current on Mortgage Aug 21 2012, 3:18PM The Federal Housing Finance Agency (FHFA) announced today that Freddie Mac and Fannie Mae (the GSEs) are revising their short sale guidelines and delegating authority to their mortgage servicers to approve short sales as of November…