A recent article by Ken Harney at the LA Times cited a study done by Experian (one of the 3 major credit reporting bureaus) that highlighted some very interesting information about foreclosures. Think foreclosures only happen to people with bad credit? Think again! Traditional thinking indicates
Recently, some changes were made to Regulation Z and RESPA that affect lenders and their requirements to disclose fees for their services and the total cost of the loan. The changes affect specifically how lenders are required to deliver the Truth in Lending (TIL) statement and what they are/are not
The National Association of REALTORS® (NAR) is asking its 1.2 million members to write to Congress to extend the successful homebuyer tax credit into next year. NAR has a great system email system to reach all of it’s members allowing massive responses to these “Call to Actions”. Accordin
This past May, a new law went into effect that did not capture much media attention at the time. The “Helping Families Save Their Homes Act of 2009” became effective May 20, 2009 and included some much needed protection for tenants caught in the crossfire of the foreclosure process. Here is the
Survey Reveals Downpayment, Closing Costs Still Greatest Obstacles to Homeownership, NAR Survey Shows (article republished from www.Realtor.org) NAR’s seventh pulse survey reveals that despite improved affordability conditions, eight in 10 Americans still consider having enough money for downpaym
The last few years have brought some significant changes to the real estate world. If you’ve been watching the media coverage, by now you probably think there was only one possible cause to this mess….. the evil mortgage companies taking advantage of consumers! Well, a recent study (yes, appar
Weichert Financial is pleased to announce the release of the Pennsylvania Housing Finance Agency’s Tax Credit Advance Loan Program (TCA) now available throughout Pennsylvania. TCA provides an interest free loan of up to $6,000 (for newly constructed homes and $5,000 for existing homes, with a mi
Lawrence Yun explains the numbers here: As always, you can call me Direct at 717-371-0557 or at the Office 717-490-8999, email me [email protected] or send me a text message using the tool to the right of this post! Your Friend in Real Estate, Jason Search for Lancaster County Homes for sale b
THAT’S RIGHT, 19 OUT OF 20! AS ALWAYS, THE SECURITY AND STABILITY OF OUR LOCAL ECONOMY CONTINUES TO KEEP OUR COUNTY IN THE TOP 20 LISTS OF MULTIPLE PUBLICATIONS AS ONE OF THE BEST PLACES TO LIVE IN AMERICA! IF YOU WERE WONDERING IF NOW IS THE TIME TO BUY OR SELL A HOME, THE
Recently, the fine folks in the government implemented a new set of rules called the Home Valuation Code of Conduct (HVCC). The purpose was to protect consumers and lenders from buying or lending for over-valued properties. The problem was that in some cases, in a few areas in our nation, lenders we
