Archive for August, 2009
Do I qualify for a VA home loan?
You can speak to a mortgage lender who handles VA loans for complete details on qualifying and applying for a VA loan. Your local real estate agent should be able to provide you with a list of available lenders. One of your first steps will be to provide the lender with a Certificate of [...]
First time home home buyers may not be able to buy bank owned foreclosures
Bank owned foreclosures are attractive to both the investor and the first time home buyer. However the first time home buyer may not be able to obtain financing for all of the bank owned foreclosures on the market. Condition is the key. If a home does not meet certain property standards, first time home buyers [...]
FBI estimates $4-$6 billion in mortgage fraud losses
Even with all that has happened with the real estate market over the past few years, mortgage fraud is still an ongoing problem in this country. The FBI is involved with investigating mortgage fraud and has a mortgage fraud page set up that lists recent statistics pertaining to mortgage fraud in this country. Listed [...]
An agent open house is a great way for buyers to view homes for sale in their area
Even with the power of the internet allowing buyers to view pictures and details of houses for sale in their area, real estate agents continue to hold their listings open for interested persons to drop by for a real time look see. In today’s market real estate agents do not rely only on Sundays [...]
Time is running out to take advantage of the first time homebuyer tax credit
Time is running out to take advantage of the first time homebuyer tax credit . First time homebuyers have until November 3oth to close on a home in order to take advantage of the up to $8,000 tax credit.
Pending home sales are up for the fifth consecutive month
The National Association of Realtors say pending home sales are up for the fifth consecutive month, something that has not happened in 6 years. Lower home prices and competitive interest rates are said to be a contributing factor to the uptick in home sales. Press release