Trying to find a good builder for a new construction home? Finding a good builder is important because you spend a huge amount of time with a builder and put complete trust in them to do build your new construction home. Selecting a good builder is the first step in a new construction project, you should also hire a good real estate attorney with experience in new construction contracts.
The third edition of the Obama Administration's monthly scorecard on the housing administration was released today. The scorecard looks at housing market indicators and housing recovery efforts to depict the current housing climate.
Fixing the Mortgage Finance Market was the talk of the week. HUD held a huge half-day seminar to try to get a sense of how all the players feel about the mortgage market and what role Fannie Mae and Freddie Mac should play. Then, came comment from Bill Gross, the bond market maven, that the government should think about refinancing all performing loans at 4 percent, saving homeowners $46 billion in payments, which can give a boost to the economy. Will that work?
Experts from the housing industry are gathering today in Washington to discuss the future of housing finance. The Conference on the Future of Housing Finance is aimed at gathering public input as the Obama Administration continues to develop a housing finance reform proposal for delivery to Congress by January 2011. The Treasury Department and Department of Housing and Urban Development are the cosponsors of the Conference on the Future of Housing Finance.
Ilyce Glink WSB Radio Show Notes - August 15, 2010 - Unemployment, Foreclosures Up, Stock Market and Mortgage Interest Rates Down. This was a big week for financial news. Initial unemployment filings were up, as were the number of homes that actually fell into foreclosure. The stock market fell 3.5 percent, or about 350 points, and mortgage interest rates hit a new record low. Buy your ticket for the HOW TO PROFIT FROM FORECLOSURES 2010 Event and use the 2for1 discount code for 50% off the ticket price. We have FREE books and a special ebook deal for items from the ThinkGlink.com store.
Ilyce Glink WSB Radio Show Notes - August 15, 2010 - Unemployment, Foreclosures Up, Stock Market and Mortgage Interest Rates Down. This was a big week for financial news. Initial unemployment filings were up, as were the number of homes that actually fell into foreclosure. The stock market fell 3.5 percent, or about 350 points, and mortgage interest rates hit a new record low. Buy your ticket for the HOW TO PROFIT FROM FORECLOSURES 2010 Event and use the 2for1 discount code for 50% off the ticket price. We have FREE books and a special ebook deal for items from the ThinkGlink.com store. Visit Ilyce's blog for more information.
New HAMP rules may help reduce loan principles if you can't refinance your home. HAMP rules are changing loan modification options for homeowners that can't refinance their mortgage loans. After being turned down for loan modification on a primary mortgage consider new HAMP rules and equity sharing agreements. Homeowners underwater with their mortgage payments have many options with loan modifications and equity sharing agreements.
Is it better to buy a foreclosure house or buy a home in short sale? Buying a short sale home involves lender approval before purchase and could take months.
Buying a foreclosure house owned by a bank is easier than a foreclosure home for sale by owner. It may be easier to buy foreclosed homes in some areas. When buying a short sale the home buyer must get bank approval before buying a house. The foreclosure process and short sale process is complicated.
Watch out for property tax issues with a quit claim deed. Using a quit claim deed to gift a vacation property to a family member may be a big tax mistake and cause higher property tax. A quit claim deed gift may mean a large amount of property taxes. Instead of receiving a vacation property from a family member using a quit claim deed, it's much better to receive a property through inheritance or buy the property. Explore other ways of giving your house to a family member, rather than using a quit claim gift.
"How do I refinance my mortgage and find a good mortgage lender?" answered with four easy steps. The four steps to find a good mortgage lender include check your credit report and check your credit score for free and check your home value. When refinancing a mortgage be sure to find a good mortgage lender. You'll never have to ask "How do I refinance my mortgage and find a good mortgage lender" again.
