Home Relocation

$7500 Tax Credit, Opportunity of a Lifetime for First-Time Buyers

Friday, August 8th, 2008

I am often asked: “Are we at the bottom of the bottom?”

With this new law and some other indicators like “The national home ownership rate — defying all gloom and doom predictions — jumped to 68.1 percent in the latest quarter, up from 67.8 percent”, I think this is it I truly believe it.

More home buyers mean more home sellers. Where do those sellers go? Yes to buy more hoses. The wheels of the Real Estate Market are starting to move, we are going some where.

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First Time Home Loan that Couldn’t Be Done!

Tuesday, July 29th, 2008

First Time Home Buyer Derrick R was denied. Twice he was told No by 2 people.

The seller’s Realtor suggested he call a mortgage advisor she knows who can work miracles…
Working with a professional mortgage advisor like Racheli Smilovits can work miracles for you too.
How knowing someone like Racheli can assist you?
Please give us your comments right here below.

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Investor Report: Fannie Mae and Short Sales

Tuesday, April 15th, 2008

Written by Kenneth R. Harney Realty Times
April 11, 2008 
Here’s some good news for investors interested in “short sales” — that’s where home owners who can’t afford their mortgages sell their houses at substantial discounts, often below what they owe on the loan.

Fannie Mae, the single biggest player in the American mortgage market, plans to crank up the pace of short sales on properties in its bulging portfolio. Fannie intends to “streamline” procedures to enable pre-foreclosure sales to speed through what is currently an extended, and often complicated, process.

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Washington Report: Bills on Capitol Hill

Tuesday, April 15th, 2008

Written by Kenneth R. Harney Realty Times
April 14, 2008 Realty Times

There are literally dozens of bills on Capitol Hill that are aimed at relieving the mortgage and housing crisis. Some of them — like FHA reform — have been bouncing around for months with no final action.

On the House side right now, what could be the mother of all housing-relief bills is taking shape. Reportedly it will roll together reform of Fannie Mae and Freddie Mac, plus all sorts of new add-ons, including a $300 billion authorization for FHA to buy up and refinance delinquent mortgages held by private lenders.

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