louisville: Extension of the Homebuyer Tax Credit Closing Deadline & Flood Insurance Extension. - 07/01/10 01:27 AM
Good news for home buyers and sellers in Louisville Kentucky and the rest of the US. Congress has now passed an extension of the Homebuyer Tax Credit closing deadline. The extension applies only to transactions that have valid ratified contracts as of April 30, 2010 which have not yet closed. The legislation creates a seamless extension so that there will be no gap between the old June 30th, 2010 deadline and the new September 30th, 2010 deadline. 
In addition, the Federal Senate recently passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5669) which retroactively extends the program until … (2 comments)

louisville: Short Sales - Apartments - NAR - Multiple Lien-Holders (Press "FULL SCREEN" below to view best) - 04/23/10 01:32 AM
Short Sales - Apartments - National Association of Realtors … (0 comments)

louisville: Are You Buying A Foreclosure Home? Does it have a Tenant in it? - 02/04/10 10:01 PM
If you bought a foreclosure home and intend taking immediate possession, think again.  Under the Protecting Tenants at Foreclosure Act of 2009 (S. 896), signed into law on May 20, 2009, tenants, including section 8 tenants, must receive at least 90 days notice before they have to vacate the property.
More specifically, If (1) you intend to use the foreclosed property as your primary residence, or (2) the tenancy is month to month, or even if (3) there is no lease at all, then the tenant is entitled to at least 90 days notice.  And If one of the above 3 conditions is … (6 comments)

louisville: NOTICE TO BUYERS - CHANGE IN FHA FINANCING - 01/22/10 02:11 AM
Nothing lasts forever.  Great rates, great financing terms, Stimulus money.  At some stage these all disappear. FHA entry terms just tightened (Jan 21, 2010): it announced yesterday new policy changes to strengthen it’s capital reserves and protect itself from rising defaults. The most significant changes include: (1) increasing the amount of up-front cash paid by all new borrowers and (2) requiring much higher down payments from those with the poorest credit. 
The FHA will increase MIP (mortgage insurance premiums) that borrowers pay upfront at closing from 1.75 percent to 2.25 percent of the loan value. Most FHA borrowers will continue to make … (0 comments)

 
Neil Blumberg (Metro1 Realty)

Neil Blumberg

Louisville, KY

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Metro1 Realty

Address: 12504 Nassau Lane, Louisville, KY, 40243

Mobile: 7758-METRO1 (775-863-8761)

Office: 502-254-9600

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