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confidence: FHA extends the anti-flipping waiver to help home sales - PowerteamHomes.com - 01/09/12 06:00 PM
On December 28, 2011 the FHA extended its waiver of a rule that prohibits the agency from insuring homes sold within 90 days of their acquisition. The anti-flipping regulation wasdesigned to prevent activity that could be harmful to neighborhoods.While the law was created to maintain stability in the housing market, the FHA temporarilywaived it back in 2010, saying a reprieve would allow buyers to acquire HUD-owned properties,bank-owned properties and private homes for the purpose of improving them and selling them torevitalize the neighborhoods.
The waiver is set to expire on January 31, 2012; however, it will now be in effect throughDecember … (0 comments)

confidence: Let’s all do our part to rebuild confidence in buying and selling - PowerteamHomes.com - 12/12/11 11:46 AM
Online, on TV or in print it’s all conflicting and contrary: escalating foreclosures, rate of unemployment is up, hard to get a loan on one side; home prices stabilizing, unemployment rate is unchanged, lowest interest rates in decades; just to mention a few. Information and misinformation is going out every day from so many different directions;however, the single most important item to a sure recovery is consumer’s confidence. Until that gets to a higher level we will continue to hang around the very bottom.
Impossible for us to control what is happening on the large economic scale, be aware of it … (1 comments)

 
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Paul N. Paterakis Lake Zurich, Long Grove, Hawthorn Woods, Kildeer Real Estate

Lake Zurich, IL

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The Paul Paterakis Power Team-Remax Showcase Homes For Sale

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