July 28th, 2010
Fannie Mae, a major backer of mortgages, announced on May 27, 2010 that there would be no FNMA backed loans for homes that were foreclosed but are still within state redemption periods. Laws vary a lot between states, but the redemption period is a time frame within which a foreclosed homeowner can come back and [...]
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July 27th, 2010
Timing is a factor in so many things in life. And, there can be influences that cause us to adjust our timing when we have control. The home buyer tax credit is one of those influences. A great many people were sitting in the wings, watching the real estate markets, and hoping to buy when [...]
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July 26th, 2010
It's like a snowball that begins its run downhill near the top of the mountain. As it rolls, more snow is accumulated, it gets heavier and speeds up, and keeps getting larger and heavier as it moves. Many who are planning the purchase of a home in the next two or three years could save [...]
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July 14th, 2010
While there has just been a big jump in the number of homeowners just beginning to miss mortgage payments, it is trending downward, at 3.5% versus 3.8% in the same month a year ago. Still, 4.3 million, or about 8%, of all homeowners are at risk of losing their homes. This represents people three months [...]
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June 28th, 2010
Remember that the original deadline for closing a home purchase to get the tax credit was June 30 for purchases in contract by April 30. While Congress is considering extending this closing deadline until September 30, it isn't law yet, and there are as many as 200,000 purchasers threatened with loss of the credit because [...]
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