Stimulus helping with home prices - 08/27/09 05:26 PM
First Time Home Buyer Stimulus helping to stabilize home prices Encouraging news on home sales from Zillow and from S&P/Case-Shiller.
Median list price reported by Zillow - Equal number homes listed above and below.

Senator Bob Corker spoke to local REALTORS® this week that extending and expanding the tax credit is a possibility in the upcoming session, but the real issue is if the results of the stimulus are enough to end the price declines that have hindered the normal functioning of the market.
Foreclosures remain a problem as also unemployment.  These combine with other factors to keep inventories up … (2 comments)

Economic Turnaround or Temporary Incentive Boost - 08/26/09 07:55 PM
First Time Home Buyer Tax Incentive leading economic improvement We were treated yesterday and today to some significantly, even surprising, positive economic news. 
New home sales showed a jump from 395,000, to 433,000 fro m the previous month. "New orders for manufactured durable goods in July increased $7.8 billion or 4.9 percent to $168.4 billion. This was the third increase in the last four months and the largest percent increase since July 2007." From the US Census Bureau report today Consumer Confidence  surprised investors with a large increase, from  47.4 to 54.1, breaking back over the 50% level.  This is generally thought … (1 comments)

Taylor Bean Whitaker clients - 08/14/09 12:32 PM
The sudden announcement that FHA and the government had forced Taylor Bean Whitaker to shut down mortgage lending and servicing operations  shocked many people.
It left many people unable to close their pending home loans.
It also left many existing clients unable to make their payments.
Here is some payment information from the HUD website. Until existing clients receive specific information from Bank of American, with a new account number, mortgage payments should be sent to
BAC Home Loans Servicing, LPPayment ProcessingPO Box 10334Van Nuys, CA 9140-0334
You should use your existing Taylor Bean account number.
We are putting this information … (0 comments)

 
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Richard Smith FHA VA Rural Development in TN GA

Chattanooga, TN

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Address: 1961 Northpoint Blvd, Suite 110, Chattanooga, TN, 37343

Office Phone: (423) 280-0345

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