Neil Blumberg's Louisville Real Estate Blog

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...

Short Sales - Apartments - National Association of Realtors

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 prope...

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 significan...