For three years, Clark Howard has taken heartbreaking calls from homeowners who've felt there's no way out of the housing mess they're in. Approximately one in four Americans owe more on their house than what it's worth. A fraction of those one in four can't make their monthly payment. Lenders h
...
06/29/2010
Under Fannie Mae's new Loan Quality Initiative (LQI) that went into effect on June 1, 2010, lenders are pulling a second credit report on the buyer right before closing to verify that the buyer's credit status has not changed and that all debts were disclosed. In other words, the buyer is not of
...
06/28/2010
Mortgage rates have tumbled to record lows, but high unemployment and job jitters by still-working Americans mean the milestone is unlikely to attract enough borrowers to boost the unsteady housing market, economic and real estate professionals say. Mortgage buyer Freddie Mac reported Thursday
...
06/25/2010
One of a Kind Log Home Set on 3/4 of an Acre Just Across from the Eau Pleine Flowage. Grand Foyer, Light & Bright Living Room with Cathedral Ceiling, Floor to Ceiling Stone Fireplace, & Double French Doors to a Wraparound Deck, Kitchen with Hickory Cabinetry, Large Dining Area with Hickory Floo
...
06/23/2010
Home Buying Process If you are a first-time homebuyer or haven't bought a home in a while, this guide will offer valuable information about buying a home. Gather the information you will need to qualify for a home mortgage Before you can buy a home, you will need to secure financing. Be ready t
...
06/23/2010
Underwriting Borrowers with a Prior Foreclosure A variety of foreclosure alternatives are available to borrowers who are having difficulty making their mortgage payments. In Announcement SEL-2010-05, Underwriting Borrowers with a Prior, Fannie Mae announced changes to the Preforeclosure Sale or
...
06/23/2010
New Supreme Court Rule Affects REALTOR® Date: June 14, 2010 MADISON, WI - Almost 50 years ago, the Wisconsin Supreme Court held in State ex rel. Reynolds v. Dinger (1961) by a narrow 4-3 decision that a real estate licensee drafting contracts for customers and clients is the practice of law, but
...
06/23/2010
New home sales plummet to record low. NEW YORK (CNNMoney.com) -- New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit. This snapped a two-month streak of gains. New home sales declined 32.7% to a seasonally adjusted annual rate of
...
06/23/2010
Did you know: 49 percent of consumers say they would never be able to save for a down-payment for a home? The graph represents the poll results from the National Foundation for Credit Counseling (NFCC). The poll asked consumers about ability to meet the down-payment requirements associated with b
...
06/22/2010
Whether you're buying or selling, it's important to choose representation that meets your needs in the transaction. You have choices when selecting representation in a real estate transaction. Here are five tips for understanding which type of legal relationship with a real estate professional,
...
06/21/2010
