ARCHIVED BLOG POSTS
2010
1
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How many buyers will miss out on the lowest rate by holding out for that ever elusive lower rate???? So, once again rates are at "historical lows" and yet many consumers are sitting on the fence hoping to get the best rate... the lure of trying to time the bottom of the market has cost many a bo...
06/28/2010
As you may have read, The Federal Emergency Management Agency's (FEMA) statutory authority to issue flood insurance policies under the NFIP ended as of May 31, 2010. Until Congress reauthorizes the NFIP, FEMA may not issue new policies, increase coverage on existing policies, or issue renewal po...
06/25/2010
Entertainer Kenny Rogers has listed his Buckhead mansion for $5.9 million. Built in 1997, the home boasts 6 bedrooms and 6.5 baths. The home also features a pool, 3 fireplaces, and a 3 car garage. Rogers purchased the home in June 2006 for $2.8 million. He completed extensive renovations on t...
06/24/2010
Purchasing a condo in today's lending market can be tricky. Its very important to get as many of the facts up front as possible. FHA guidelines changed a few months ago and the condo approval process is much different than before.. Buying a Condominium Requires Doing Your Homework Helping a cl...
06/24/2010
REO agents be aware. Fannie Mae is cracking down on listings now.Thanks to ‘REO Listing Agent X’ for sending us this recent email from Green River Capital. Hats off to GRC for cracking down the less than professional and ethical REO listing agents. REO Listing Agents: Be warned, Fannie and Fredd...
06/24/2010
According to a report released today, nearly 1,300 prison inmates have improperly claimed nearly $9.1 million is tax credits. It has been discovered that at least 1,295 inmates have so far filed false tax returns to claim the tax credit. The report states that 4,608 state and federal inmates ha...
06/23/2010
"Senate Passes Home Buyer Tax Credit Extension" This is a sample of one of the headlines that most people have either heard or read. This a true statement. Most people forget though that Senate by itself cannot pass and implement this measure. On Wednesday, the Senate passed a bill to give ho...
06/19/2010
2
Comments
Highest & Best???? Have you lost out on a foreclosure purchase recently? If so, chances are that you were asked to present your "Highest & Best offer." When a property has mutilple offers, the REO seller will often request that buyers submit their final offer. Multiple offer situations can be...
06/18/2010
The Atlanta Journal-Constitution has reported that Two North Metro Atlanta men among those arrested and sentenced in federal mortgage fraud probe. Since March, over 500 people have been arrested in a Federal mortgage fraud probe. One was sentenced to 2 years and months while the other received ...
06/18/2010
8
Comments
Today, the Senate approved a plan to add 3 months to the tax credit closing deadline. Originally set to expire on June 30th, this extension would give buyers until Sept 30th to close. To qualify, the buyers must have a fully executed sales contract that is dated on or before April 30th. Introd...
06/16/2010
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