Luxury On The Rebound By Michael Saunders It’s no coincidence that our region’s highest residential sale in two years occurred at the same time that the Dow was closing-in on an all-time high, restoring virtually all of the $16 trillion dollars in personal wealth that was wiped out during the Great Recession. Also restored is [...]
Leave Emotions For The Movies – They Have No Place In A Home Closing By Anne L. Weintraub, Esquire Since the beginning of time, a man believed his home was his castle. Not much has changed in 2013-almost every Seller believes his home is his castle and almost ever Buyer questions whether that castle is [...]
When Is The Time To Refinance Your House? By Jessica Bennet Only you can decide if you are having problems in making payments on the mortgage that is financing your home. If you are having problems in making the payments, refinancing is an option. Other than that another item to consider in order to find [...]
Was It Something I Said? By Anne Weintraub, Esquire Let’s face it: deals die. We all go into the purchase and sale contract of a home with a goal of closing, not just to push paper and let it fall apart. Some deals rightfully die because they should. The cause may be property damage, undisclosed [...]
New Laws Governing Mortgage Originators By Budd Moore New lending laws regulate originator compensation and help protect the borrower’s “best interest.” April brings Tax Day and this year it also brings new laws to govern mortgage originators. The new lending laws, effective April 1st, have leveled the playing field for all originators, including banks, mortgage [...]
If You Are Waiting To Buy – Think Again! By C.J. Coury Most prognosticators agree that home prices have somewhat stabilized from the days of annual double-digit deflation – others predict continued downward movement in home prices. No matter which group you chose to believe there is one absolute certainty – interest rates have increased [...]
Have H.A.F.A.? By Anne Weintraub, Esquire It was billed as an exciting new government program to assist homeowners who did not qualify for loan modifications under the Obama administration’s HAMP program. Under the Home Affordable Foreclosure Alternatives Program, or HAFA, a borrower could qualify for a short sale by submitting a HAFA application to their [...]
Increase Sales With Underused Loan Products By C.J. Coury With the tightening of mortgage loan underwriting criteria we have experienced a much higher percentage of cash buyers than at any time since the creation of Fannie Mae. This phenomenon will continue to forestall the housing recovery for months to come unless we work harder to [...]
Mortgage Shopping 101 – Making Sense of the Mortgage Market By Jim Soda Shopping for a mortgage can be time-consuming and difficult for homebuyers, especially in today’s market where many buyers don’t know where to begin. The Federal Reserve Board has put together the following tips so that you can make sense of the mortgage [...]
Will The New FHA Short Refinance Program Help Stem The Foreclosure Tide? By C. J. Coury Many of you have asked me what I expect the market impact to be of the newly released government program that calls for some principal reduction on the part of the lender. This is the FHA Short Refinance Program [...]
Friday, April 19, 2013
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