Welcome Back Readers! Thanks for stopping by again,I just wanted to take a minute and let you know about a new website from Fannie Mae. The site, www.KnowYourOptions.com is full of great information regarding forclosure and as the title would suggest, what your options are. Check it out and if you are thinking of selling your home to avoid foreclosure, call me,I will be happy to help you through!
This week, I wanted to talk to you about snow and ice. Not just any snow, but huge amounts of snow and icewe had that according to NAR is bringing the national housing market to a halt. Or is it?
Watch the video after the jumpto see what I am talking about and why the thought that snow is stopping home sales anywhere in the nation is just WRONG! Oh, and that italian ice there in the picture? You’ll see why that’s there in the video too.
Until HUD made this change to the rules for FHA loans, in order to qualify for a loan modification, struggling homeowners had to actually MISS payments. So, if you knew you were going to be in torouble, you had to let it happen before you were eligible for loss mitigation. Check out the release from HUD on the details of the program.
The complete press release from HUD is after the jump
Welcome Back Readers!
I apologize in advance for the negative tone of this post, but it is information that people who plan on buying this year need to have. Let me start with this: There are many solutions available to FHA’s problems, andthere are other programs that allow cash poor buyers to still purchase homes. It is not the end of the world, FHA is still a fine program, but I have an issue with their changes not offering a solution to their problem.
Call me if you want to find out how low money downprograms can still benefit you, in the meantime please be aware of the following info.
FHA has announced policy changes today that will potentially have a negative impact on the housing market. Read on after the jump to seeexcerpts from areleaseby NAR:
I know, very dramatic. Maybe even a little uncalled for. On the other hand, there is really no other way to describe how potentially dangerous the policy changes that HUD Secretary Donovan is proposing this week. What are those changes?
Happy Friday Readers! Here we go, this is the last in a Series of 6 Fall Maintenance Tips from Matt Stegerat WIN Home Inspection. Don’t worry though, Matt will be back next week with more helpful tips and advice. This week’s tip deals withthe not so glamorous, but ever so important, issue of proper insulation. The easiest way to lower your heating (and cooling) costs is to havethe right amount ofproperly installed insulation. Don’t know what that is or how to figure it out?