Are you looking for a HUD Owned Foreclosure For $100 in AZ? Owned Foreclosure For $100? All HUD property purchasers are required to obtain a Pre-qualification letter from a lender prior to ratification of their sales contract. Please contact our Mortgage Planner Friend William Doom for up front and...

The government’s First-Time Home Buyer Tax Credit program expires November 30, 2009 — a scant 60 days from today. Considering it can take up to 60 days to close on a home, first-time buyers have 2 weeks at most to find a home. Buyers not under contract by October 15 have little chance of...

Once again, the country’s foreclosures are concentrated in just a few states. As reported by foreclosure-tracking company RealtyTrac.com, more than 50 percent of the country’s foreclosure-related actions in August occurred in just four states: * California : 25.76 percent * Florida : 17.4 percent *...

Mortgage Rates continued their nine (9) day accent posting 375bp for the week. Friday was the only negative day with the FNMA 30 YR 4.5% giving up only 9bp on a quiet day before the Holiday weekend.  The positive gains can be attributed to the negative pull back in the equities market. The DOW gave...

In what’s becoming a regular occurrence, housing data blew away economists expectations Tuesday. As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 6th consecutive monthly gain in July. After a meteoric rise that started in January, the index is now at its...

ACTIVE (for sale) listings are down, SOLDS are up - that spells a correction in inventory level and a fairer supply vs. demand market. Most telling is this chart that shows our extreme buyers market in 2007 with 13 months of inventory on hand: AKA lots of homes to choose from. According to this chart...

It’s already May, and time for another Mortgage Rate Watch May 2009 – May 2009 Mortgage Forecast Loans closed in May will have first payment dates of July 2009. If April was a harbinger of things to come for May, Homeowners and Homebuyers will be the proud recipients of stable LOW Historic Mortgage...

Not only are prices great and mortgage rates low, but there is also an $8,000 Tax Credit for First Time Home Buyers which equates to now is a great time to buy a home! So what defines a First Time Home Buyer? The IRS website states that a first time home buyer is anyone that has not owned a home in the...

Rer IRS Website: This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase...

As part of the stimulus package passed last week, Congress authorized a temporary increase to conforming loan limits in certain high-cost parts of the country. “High cost” is defined by a regions’ median sales price. With the temporary increase, a greater share of Americans can now qualify for...