financial news: First Time Home Buyer's Tax Credit Extended? - 10/29/09 05:10 PM
It looks as though the $8000 First Time Home Buyer Federal Tax Credit will be extended.
Lawmakers, looking for ways to generate home sales, are talking about extending the First Time Home Buyer Tax CreditAND increasing the income requirements so more Americans can qualify for this incentive.
Experts agree that the … (3 comments)
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financial news: Refinance options for underwater homeowners - 10/12/09 12:18 AM
Simon Smart explains in an easy to understand manner the Making Homes Affordable plans instituted by the President. It's great information that may help you, a friend or family member. Here is a link to find out if you have a Fannie Mae loan. Thanks for stopping by.
Via Simon … (2 comments)
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financial news: Experienced a "Reprice Rate" on your Credit Card? You may be entitled to a Refund! - 10/05/09 07:33 PM
Have you experienced a "Reprice Rate" on your credit card? If so, you may be entitled to a refund from your credit card issuer.
I wrote a post almost a year ago about my personal experience with one of my credit card issuers. Here is the link if you would like … (8 comments)
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financial news: Del Norte County USDA Guaranteed Rural Housing Program - 08/08/09 11:32 PM
The USDA Guaranteed Rural Housing Program in Del Norte County - This is the predominant form of financing in Del Norte County right now and with good reason. Look at the highlights below. Click here for more information on the GRH loan program and do not hesitate to call me for … (1 comments)
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financial news: Crescent City Real Estate - Financing Your Home Purchase - 07/18/09 10:15 PM
Crescent City real estate - financing your home purchase -
Real estate financing has changed in my market quite a bit from the liars stated income loans and easily obtainable 100% financing of the early part of this decade.
Gone are the days of having a real estate agent show … (2 comments)
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financial news: Coping with the Reality of Foreclosure? - 06/10/09 03:50 PM
How do you cope with the reality of foreclosure or imminent bankruptcy?
Someone very near and dear to me is facing foreclosure. There is no one left to borrow from, their bankruptcy is completed and the end (foreclosure) is looming near.
My friend is overwhelmed and depressed. She has lived in her … (0 comments)
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financial news: Paying too Much in Property Taxes? - 05/20/09 10:54 PM
If you purchased your home within the last 5 years, chances are good that you are paying more than you have to in property taxes.
Why? Because property values have fallen in California, in some areas, by more than 50%.
There is always someone trying to make a buck out there, … (0 comments)
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financial news: Credit Card Angst - Relief is on the Way - 05/20/09 10:21 PM
I wrote about my travails with a credit card several months ago. My post hit a nerve and was featured. There were a lot of comments by card holders who had been similarly abused.
It looks as though relief for wary card holders may be on the way.
Just released:
Congress passed … (1 comments)
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financial news: $8000 Tax Credit can be used as Down Payment! - 05/12/09 11:45 PM
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, announced today at an address to several thousand REALTORS that the Federal Housing Administration is going to allow first time home buyers to use their $8000 federal tax credit as a down payment for the purchase of their home (Woo … (9 comments)
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financial news: Short Sales - Hardship Criteria is Changing - 05/01/09 10:39 AM
I wouldn't say I have been avoiding short sale listings, but thankfully, most of my clients do not have to go this route at this time.
Why am I thankful? Because statistics show that the majority of short sales never culminate in the sale of the owners home. This short sale is another … (2 comments)
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financial news: $10,000 California Tax Credit for a New Home Purchase - Instructions - 04/24/09 09:43 AM
Tax Credit for New Home Purchase in California-
The information below is from the State of California's website and pertains to the $10,000 tax credit for home buyers who purchase a NEW HOME in California. This credit, combined with the $8,000 federal tax creditfor first time buyers, low prices and fabulous interest rates … (2 comments)
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financial news: Loan Conditions...We Shall Overcome - 04/24/09 06:36 AM
Now that the extreme permissiveness of the mortgage/lending/real estate industry is over, underwriters and account executives are walking around like CIA operatives in a foreign country, watching their back and covering their hiney.
One can hardly blame them as the industry struggles to morph into a safer haven for home buyers, … (45 comments)
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financial news: Finally, Encouragement for Sellers - 04/21/09 12:27 AM
Yes, encouragement for sellers - It makes me very happy to be able to be able to write some encouraging words for sellers, something I haven't done for quite awhile.
Those of you who read my blog on a regular basis know I follow my market stats closely and do not paint a rosey … (6 comments)
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financial news: Home Ownership is within Your Reach - 03/30/09 11:13 PM
The house of cards built over the preceding years of unprecedented home appreciation has crumbled. It's demise has created some incredible deals in my market.
The run away spending that got so many of us caught up in thinking we can "have it all." has landed countless homeowners in a compromised position leaving no way out, … (4 comments)
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financial news: Facing foreclosure? Ask to See the Note. - 03/04/09 09:54 PM
Are you facing foreclosure? According to a recent article by the Associated Press, one way to stall the process it to ask the bank for the original loan documents.
You may think that is a simple request, but actually, but lending institutions are finding that request can become quite complicated.
The derivitives … (2 comments)
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financial news: Facing Foreclosure? Ask to see the Note! - 03/03/09 12:46 AM
Are you facing foreclosure? According to a recent article by the Associated Press, one way to stall the process it to ask the bank for the original loan documents.
You may think that is a simple request, but most lending institutions are finding that request can become quite complicated.
The derivatives market … (0 comments)
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financial news: Should Your Primary Residence be Considered an Investment? - 02/22/09 10:20 PM
Should you consider your primary residence an investment?
First off, I am not qualified to give financial advice; I am sharing my considered opinion.
I wrote a post in January titled Now is the Perfect Storm for Buying real estate. I received the following comment on that post (skip to where I … (46 comments)
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financial news: Guaranteed Rural Housing Loan Program in Del Norte County - 02/09/09 01:55 PM
The Guaranteed Rural Housing (GRH) loan program is alive and well in Del Norte County.
Some of the highlights of this program:
Financing - 102% financed based on appraised value.
Income requirements - 1 to 4 persons maximum income $70,750 and 5 to 8 persons $93,400 (effective 3/20/09).
No Mortgage Insurance … (3 comments)
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financial news: Now is the "Perfect Storm" For Buying Real Estate - 01/18/09 10:01 PM
What, now a good time to buy real estate? We all know prices are going to go lower.
"I'm going to wait FOR THE BOTTOM," you say.
Well, that might not be the most advantageous thing to do and here's why.
First of all, we are all aware that housing prices have … (12 comments)
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financial news: The State of California in Meltdown? - 01/11/09 11:36 PM
Is the State of California in meltdown?
The State of California will close most state offices on the 1st and 3rd Friday of each month beginning in February and continuing through June of 2010 due to a $42 billion budget deficit.
Gov. Arnold Schwarzenegger projects this will save the state approximately … (9 comments)
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