HARP2.0 has been a Godsend to some. Refinancing at a lower rate that you never thought you could get is a welcomed surprise. But, if you have a 2nd mortgage (also known as H E L O Cs or home equity loans) you cannot roll it into your first mortgage and get a HARP loan. You must either pay it off
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03/21/2012
Yesterday, Amtrak happily took me from philadelphia to our nation's capital. Even though the onboard internet ran as slow as Joan Rivers in a triathlon and the coffee tasted as bad as a three day old slice of pizza that you left on the counter, the cho-cho got me there so that I could meet memb
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03/16/2012
I believe I am the first real estate agent in the history of Pennsylvania to have 3 different transactions in 3 different cooperatives in Philadelphia at the same time. Also, I was alerted yesterday is that one of the major co-op lenders in the area is asking for and getting title insurance on th
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03/14/2012
A question has been asked if condos are included in theHARP2 program. The simple answer is YES! The best answer is that not only are they allowed but you do not have to go through the approval process. Why is that good news? That’s because under standard Fannie Mae guidelines a condo would have t
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02/16/2012
(If you've read my posts over the years, you know I am not a rah-rah REALTOR(R) that always says "the market is great, buy now!" I base my opinions on facts. That's why this post will be interesting.)We are absolutely on the way back.Jobs in Philadelphia are stable. There is more hiring than
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01/11/2012
You are not alone. There is a wave, albeit small where people are deciding that they have had enough with fixing things, making mortgage payments and suing the neighbors. There are examples of people that have seen taxes go up even though they have equity and have refinanced to today's low mo
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12/06/2011
The people and mission of the CFPB is to make sure that the Consumer (yes, the first name of the organization) are not ripped off.But, did the Fed LO Comp rule promote the abuse of the public? Let's look at how.1. No discounts from yield spread. You can't help someone by paying anything. Have a
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12/06/2011