Will Congress Extend The Tax Credit?
Posted by relocateaz on Apr 12, 2010 in Gilbert, housing market, News | 0 comments
Will the current $8,000 tax credit for first-time homebuyers and the $6,500 tax credit for second-time buyers end this month? if so will that also mean the end for the housing recovery? It’s a toss-up, say pro-tax credit-leaning advocates. But the program will continue through the end of this year, or at the least, for...
Why Foreclosures Will Go Up In 2010
Posted by relocateaz on Jan 14, 2010 in Foreclosure, housing market | 0 comments
Last year there were 2.82 million foreclosures, the most since RealtyTrac began compiling data in 2005. Some Analysts expect more than 4.5 million filings are expected this year. There is little doubt among analysts that foreclosures will top 3 million this year. “As bad as the 2009 numbers are, they probably would have...
Treasury Announces New Short Sale Process Legislation
Posted by relocateaz on Dec 1, 2009 in financing | 1 comment
The U.S. Treasury Department released a plan intended to speed up and encourage the short sale process. A short sale is the final step a homeowner may take before giving up on a house and letting it slide into foreclosure. However, in the past the foreclosure process has been time consuming and has not delivered the desired...
What is FHA 203k?
Posted by relocateaz on Dec 1, 2009 in financing | 0 comments
The fastest growing home loan on the market is the FHA 203k. in 2008 there were 10,000 FHA 203k loans, this year there will be 80,000 and next year estimates are over 500,000 FHA 203k loans will be processed. What is this loan? and do you qualify? read the FAQ below. What is an FHA 203k Loan? The FHA 203k renovation loan...
Banks Willing To Rent Tenants Back Their Foreclosed Home
Posted by relocateaz on Nov 20, 2009 in Uncategorized | 0 comments
In a surprise move, Fannie Mae announced it will begin allowing homeowners facing foreclosure to rent back their homes for up to one year. This program allows homeowners to pay market value for rent, a sum typically lower than the price they are currently paying for their mortgage. “The Deed for Lease Program...
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