Understanding HAFA-federal short sale rules This video just came out from our National Association Of Realtors (NAR). It is helpful and explains a lot about this new program. There are more new programs that are out as well. I am a CDPE-certified distressed property expert- and have a survey a
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04/09/2010
Bad Credit Could Cost You a Job By Rob Minton & John Mazzara There are some interesting stories creeping up online about job applicants being turned down because of their credit histories, and even one recent article about people losing jobs they already have. According to an Cleveland.com, 67 pe
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04/02/2010
Here is the newslink from the MBA (Mortgage Bankers Association). They have included links to Washington's fact sheets at the bottom of the article. There is a provision for forbearance, principal writedowns and FHA refinancing for homes that are underwater. http://www.mortgagebankers.org/tools
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03/26/2010
I wanted to highlight a little used, but extremely powerful idea. Use a reverse mortgage to PURCHASE a home. YES, you can!!. What are the rules? Here is a very basic synopsis--be age 62 or older, have the funds available to put down approximately 50% of the sales price, and live in the new
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03/21/2010
Smaller refund isn't necessarily a bad thing By Rob Minton & John Mazzara Over the past couple of weeks, I've had several people mention to me that they were surprised that their federal income tax refunds were considerably smaller than they had anticipated. I get the feeling that some of them, p
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03/12/2010
The first time buyer tax credit of up to $8000 is approaching the deadline. Will they let it expire or extend? The official word at this time is that it is done at the end of April. So, what if you want to buy a home but don't have a lot of resources? We MAY have the solution. The Minnesota H
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03/08/2010
Home Buyer's Tax Credit About to End You're probably up to your neck by now in forms and paperwork as the April 15th income tax deadline approaches. Maybe you've already completed your taxes, paid your bill, or are awaiting your refund check. Either way, now is the perfect time to revisit the ex
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02/26/2010
When you watch and digest the information below, you will soon see why people are mad as hell and cynical. It appears that the way part of the bailouts were structured, certain companys were able to have a FDIC guarantee against a loss. Was this the best way to structure the deal with the govern
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02/13/2010
On a rate and term basis-meaning just changing one or both of these variables we can STILL refinance your loan. If it saves you money, you should consider doing something SOON as the government has said they will stop "subsidizing" mortgages by keeping rates low. VA loans go to 90% FHA can go u
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02/09/2010
Under the new law-Worker, Homeownership and Business Assistance Act which is now a new law as of November 2009, individuals and there spouses who serve on qualified extended-duty service outside the country for at least 90 days between January 1st, 2009 and April 30th 2010 with have an extr
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02/08/2010
