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  • Have you found a home you love but it needs repair? Consider FHA 203K

    Purchasing a home can be stressful enough but finding a home you want and it needs repairs is the worst!  There are ways to get the home fixed without having to  spend your hard earned  cash.  Here is some information regarding an FHA 203K loan.  As always, if you need help reach out to the Re/Max Power House Group ...
    Posted to Mortgage News (Weblog) by 608080 on March 30, 2015
  • Definition of a First Time Homebuyer....Spelled out!

    WHAT IS A FIRST TIME HOMEBUYER? Most first-time homebuyer programs define a first time homebuyer as someone that has not owned any residential real estate in the preceding 3 tax years.  If married, this includes husband and wife.  (If a wife owned a property and they filed jointly with real estate interest, both are considered ...
    Posted to Mortgage News (Weblog) by 608080 on February 15, 2011
  • Homeownership More Affordable Than Renting????

    Homeownership More Affordable Than Renting in 72 Percent of Major U.S. Cities Print Article RISMEDIA, January 25, 2011—, a top site for home buyers, sellers and renters, released its latest Rent vs. Buy Index which found that it is more affordable to buy than to rent a two-bedroom home in 72% of America’s 50 largest ...
    Posted to Mortgage News (Weblog) by 608080 on January 24, 2011
  • BOA Freezes Foreclosures in ALL 50 States

    Daily Real Estate News  |  October 11, 2010  |   addthis_pub = 'rmostaff'; addthis_logo = ''; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, ...
    Posted to Mortgage News (Weblog) by 608080 on October 12, 2010
  • Serious Questions Raised about the validity of Foreclosures

    Serious Questions Raised about the Validity of Foreclosures In September and October 2010, several lenders suspended foreclosures in two dozen states due to questions about whether foreclosures were being processed consistent with applicable state law requirements. Concerns are being raised by state and federal elected officials, as well as ...
    Posted to Mortgage News (Weblog) by 608080 on October 12, 2010
  • What Happens When The Lender Can NOT Produce The Note?

    A growing number of homeowners around the country are using a foreclosure defense that may help them retain their homes. It’s called “Produce the Note” (as also being jointly advocated by The Consumer Warning Network) and we want you to know this is not a mere technicality that should be treated lightly by the lender or by the ...
    Posted to Mortgage News (Weblog) by 608080 on August 24, 2009
  • Making Home Affordable Progress Report on May 14, 2009

     MAKING HOME AFFORDABLE PROGRESS REPORT May 14, 2009 Fourteen servicers, including the five largest, have now signed contracts and begun modifications under MHA. Between loans covered by these servicers and loans owned or securitized by Fannie Mae or Freddie Mac, more than 75 percent of all loans in the country are now covered by the program. ...
    Posted to Mortgage News (Weblog) by 608080 on May 27, 2009
  • Treasury Announces Short-Sale Support....FINALLY!!

    Treasury Announces Short-Sale Support    ACTION: Treasury Secretary Tim Geithner unveiled the plan May 14. By George White, RE/MAX Times Online Managing EditorThe U.S. Treasury Department last week unveiled a plan designed to streamline and encourage short sales, a move RE/MAX leaders have been advocating for some time. Under provisions ...
    Posted to Mortgage News (Weblog) by 608080 on May 27, 2009
  • Public-Private Investment Plan Grand Re-Opening....

    PPIP Grand Re-Opening to ‘Increase Participation’By DIANA GOLOBAY April 7, 2009 12:41 PM CST --> --> -->  The U.S. Treasury Department on Monday released updated guidelines on the public-private investment plan (PPIP), two weeks after first announcing the program in late March. “To better accommodate increased ...
    Posted to Mortgage News (Weblog) by 608080 on April 7, 2009
  • Mortgage Rates Slid to a NEAR ALL TIME LOW

      Mortgage rates slid to near all-time lows in Bankrate's weekly survey, and may fall further as you read this sentence.The benchmark 30-year, fixed-rate mortgage declined 8 basis points, to 5.29 percent, according to the's national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The ...
    Posted to Mortgage News (Weblog) by 608080 on March 24, 2009
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