Thomas OBrien's (tomkat) Blog

Atlantic County Real Estate Update Don't Miss the Recall Occasionally, you hear about an important recall on a product you have and you take care of it immediately. However, if you were to miss such a notice, it could put you or your family in jeopardy.   You can subscribe to the U.S. government'...

  Atlantic County Real Estate Update     When Mortgage Debt is Cancelled   The Mortgage Forgiveness Relief Act of 2007 was passed by Congress to avoid additional financial hardship that some homeowners might experience due to a foreclosure or short sale. The law affects mortgage relief that occur...

  Atlantic County Real Estate Update   FHA Fees Going Up April 1st   FHA has raised the annual Mortgage Insurance Premium to 1.25% beginning April 1st. MIP is required on all FHA loans and used to fund losses by lenders for borrowers who default on their mortgages. As of June 1st, FHA loans in ex...