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House Moves to Extend Tax Credit Closing Deadline - 06/30/10 01:22 PM
06/29/2010 By: Carrie Bay The U.S. House of Representatives passed a bill Tuesday that would give homebuyers who are eligible for a federal tax credit three extra months to close on their loans.
As the program stands now, qualifying homebuyers who were under contract by April 30 have until Wednesday, June 30 to complete the transaction. The House bill would extend that deadline to September 30. The measure was overwhelmingly approved by House lawmakers in a 409 to 5 vote. But before anxious homebuyers can breathe a sigh of relief, it must also pass the Senate. Senate Majority Leader Harry (0 comments)
EARN IN FORECLOSURED HOMES - 06/24/10 11:46 AM
Real estate issues have been growing in numbers year after year and foreclosures are rampant due to the incapacity of homeowners to pay their mortgages and these residences are ended up owned by bank. Sounds depressing right? but what others do not know what foreclosure’s benefits can give to an individual is by making incomes out of it. Although it is neither instantaneous nor simple to process and can be dicey in which you might end up disappointed. But hey, this happens in every business so why not take the risk.
Home listings vary from its appearance, their location (0 comments)
WHAT IS IN STORE FOR THIS YEAR 2010 ON SHORT SALES - 06/22/10 12:52 PM
In real estate business, one of the common means of paying off mortgages is through short sales. It may seem simple as it sounded, but this process may be too taxing to all of the people involved in this concern. This is a great deal between the buyer and the seller. For a real estate agent handling short sales can take not more than 10 days to close a deal. But selling properties is not selling like hot cakes all the time. For some it could take at least a quarter or so.
Many are asking what is in store (0 comments)
REASONABLE FACTS IN MORTGAGES - 06/21/10 12:49 PM
Here are some reasonable facts about mortgages, if and if you are going to need some cash to buy something for your house or for your personal needs. Availing loans gives benefits for many reasons:
BORROW MORE- since you can borrow more than what you can get from a bank, using the tailored mortgage, you can get an amount between 500 to 25,000 pounds. And what’s good news is you can even borrow more than the amount abovementioned through secured mortgage.
RATE OF ATTENTION- it is usually set. It will not make the budgeting unfussy at all (0 comments)
$279000 OH - SAT JUNE 19 1-3PM - 5540 Dunlay Dr - 2389SF 4BR/2.5BA - 06/18/10 04:56 PM
Beautiful 4 bedroom 2 1/2 bath short sale with a 3 car garage. Nearby clubhouse with a pool. Elementary School District: Natomas Unified Junior High School District: Natomas Unified High School District: Natomas Unified $279000 OPEN HOUSE SAT. JUNE 19 1-3pm Angel Lynn Angel Lynn Realty 1913 Capital Avenue, Suite C, Sacramento, CA 95811 Office: (916) 443-1445 Toll Free: (916) 803-1975
MORTGAGE LOAN MODIFICATION WORKS WONDERS - 06/18/10 12:12 PM
People are having a hard time to get out from the deep puddle of financial dilemmas. With this, loan modification is considered as the quickest way to get out of this chronic mess. It offers a swift and opportune to home owners who are about to lose their properties. Due to this major crisis in real estate, the Obama Loan Modification Program is created for owners who cannot sustain the mortgage payments.
The main cause for hold ups in mortgage payments is said to be because of resetting the loan. The program intends to reduce the initial mortgage payment (0 comments)
U.S. Senate Approved a 3 month Extension to the Tax Credit - 06/17/10 12:47 PM
Yesterday, the U.S. Senate approved a 3 month extension to the tax credit closing deadline, which would give buyers until 9/30/2010 to close, but it's attached to another bill that still has to be passed by the House. The extension would apply only to buyers who met the April 30 deadline to have signed purchase contracts. (1 comments)
REAL ESTATE VENTURE TACTICS - 06/16/10 01:21 PM
Timing is a very important element to consider in decision making whether it is in personal or professional. Of course, the world of business is not exempted from here because this is the world where both beginners and old hands utilized tested and proven tactics to achieve success. In order for a person to know the right timing in investing, a realistic approach methodology must be taken in consideration and this thoroughly achieved by enlightening oneself in investment tactics. One technique that is very common to all is taking suggestion from a person or from a firm with sufficient and good (0 comments)
SECOND MORTGAGE - 06/15/10 12:07 PM
Ever since the concept of mortgage was created and people are finding ways to borrow money, second mortgage is designed and has become one of the most popular that is being offered by most of the companies in lending business. It could be a perfect way but there are quite few things to know about what you are about to expect upon availing. Prior to requesting a loan, one must be informed on what does second mortgages correspond to.
It can be used as a home equity loan and do not serve as a bankroll for any existing loan. On (0 comments)
EFFECTUAL MEANS TO A SUCCESSFUL MORTGAGE LOAN MODIFICATION APPLICATION - 06/14/10 03:48 PM
Most lending companies have approved more than a million requests on loan modifications to avoid further stress to the borrowers facing foreclosures. But the heartbreaking fact is that there are more requests were denied because of tiny errors in filing. People are not fully aware that these mistakes are simply because of the failure to abide with the rules established by the modification program, or do not correspond with the lender accordingly. Here are some guidelines to have a successful application on loan modification and prevent going to the whole process for the second time.
THE ON-GOING TAX CREDITS ON LAND MORTGAGES - 06/08/10 05:45 PM
Several residents from some parts across the country particularly the west coast part are still going through crisis in terms of their property. It was years ago but having this kind of difficulty may seem impossible to depart from it easily.
Since then, the administration came up with a resolution to set homeowners free from this credit labyrinth. It is the one thing that can break the entire California from this dilemma, the Mortgage Relief Act. It was piloted by the Government of the US and eventually executed by the California state. Although it was nearly last-minute but it (1 comments)
Increasing Demand on Worth and Quality of Live for Multifamily Resident from 2010 to 2020 - 06/07/10 06:04 PM
The shine for home rights is fading on U.S households nowadays. Growing credit conditions, mounting down payment requirements and emphasis on reinforcing consumer balance sheets in aid of reduced debit is making rent as the solution for a permanent condition. Rentals homes are becoming a high demand to become “home” for U.S. consumers. As a result rental home conditions in terms of services will definitely change.
Industries such as large investors and operators are not happy with the said change. The process of increasing the value of their facilities and make their home rentals into a quality home for (0 comments)
SB 1178 Passes Senate! Victory for REALTORS® and Their Clients! - 06/03/10 05:45 PM
SB 1178 was just approved by the Senate, over lender opposition, with a vote of 30 to 4. Thank you to the over 5,000 REALTORS® who made a difference by contacting their senator to support the bill! For more information on the vote, see the list below. C.A.R. is sponsoring SB 1178 (Corbett) to extend anti-deficiency protections to homeowners who have refinanced "purchase money" loans and are now facing foreclosure. Most homeowners didn't even know that when they refinanced they lost their legal protections, and now may be personally liable for the difference between the value of the foreclosed property and the (1 comments)
MORTGAGE PLAN BY THE GOVERNMENT, HELPFUL OR NOT? - 06/03/10 01:38 PM
Since the current economic status is not changing and surging continuously, it may be more sulking and badly in need of a quick crisis intervention. After winning the post of presidency, President Obama proposes resolutions for distressed homeowners who are squeezed in the decrepit state of the economy. So Homeowner Affordability and Stability Plan and as well as the Loan Modification Plan were born to resolve all the concerns.
These plans bring new hopes and assurance to all homeowners and it can be viewed as great solutions but the truth is it has not served its purposes as stated. There (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.