When it comes to buying or selling property, a successful outcome often hinges upon an accurate appraisal. Unfortunately, due to unrest in the appraisal industry sparked by government guidelines imposed by the Home Valuation Code of Conduct (HVCC), securing an accurate appraisal can be hard to come by these days. Colleagues have shared many a […]
Is Buying a Foreclosure Really a Bargain? What You Need to Know
In today’s tumultuous economy, it’s no surprise that there are foreclosure properties to be found in just about every community across America—even ours. While a terrible hardship for homeowners to endure, foreclosures can present a unique opportunity for first-time home buyers and investors looking to purchase a “bargain-priced home” with the potential for building instant […]
Shopping for a Condo? Ask These 4 Questions before You Buy
Condominium homes have always been, and will likely always be, an efficient and economical route to becoming a first-time homeowner. They can offer the comfort, prestige, and even luxury appointments that apartment living may lack, often at a cost that is not much different than rent. With the current first-time home buyer tax credit and […]
First Time Buyer Tax Credit Extended and Expanded to Move-up Buyers
The big news today is that the First Time Buyer Tax Credit was extended and expanded to include move up buyers. Here is the link to the new release from the National Association of Realtors: http://images.skem1.com/client_id_5040/attachments/NAR_Tax_Credit_Brief.pdf We should have more details in the next few days so feel free to give my office a call […]
1st Time Homebuyer Credit Expiring Soon!
The First-time Homebuyer’s Credit of 2009 is currently due to expire on December 1st, 2009. There is still time to take advantage of this great Tax CREDIT which is equal to 10% of the purchase price of your home up to $8,000! Click here for an informational brochure on the First-time Homebuyers Credit and then […]
First Time Buyer Tax Credit and Down Payment
Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent. The loans can’t be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday […]
HASP: Homewoner Affordability and Stability Plan
2009 has been a year of new words. HASP means Homeowner Affordabilty and Stability Plan This plan is for helping those with Fannie Mae or Freddie Mac loans. If you meet all the qualifcations, you may be able to refinance a high Loan to Value loan using guidelines not previously allowed at an attractive interest […]
First Time Buyer Tax Credit-FHA Announcement!
FHA announced yesterday that FHA buyers will be able to use the $8000 tax credit toward their down payment. Along with the low interest rates, this is the best time ever to be a first time buyer! For more details on this recent annoucement, check out the link below: http://www.realtor.org/press_room/news_releases/2009/05/re_summit
Carbon Monoxide Detector Law in Colorado goes in effect 7-1-2009
The recents deaths from carbon monoxide poisoning in homes has prompted the state legislature to create House Bill 1091. In short, if you are going to be selling or renting a property after 7-1-2009 you will be required to have a carbon monoxide detector in the property. In fact, our listing contracts will be changing as of […]
Loan Modifications
I have had many inquiries about the possibility of modifying mortgage loans. A loan modification is the changing of terms of the loan, such as the interest rate. When a lender has to go all the way through a foreclosure process, it gets very expensive. To lower the interest or adjust the payment structure can […]