8/7/2008 11:49:00 PM
Correction - $7500 Tax Credit Is Really a Loan.....
The recently passed housing law contains a $7500 tax credit for first time buyers but it must be paid back over 15 years. In an earlier post, prior to passage, I stated (wrongly) that the new law would allow buyer of properties a tax credit of $7500 ($500/year). ...
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7/28/2008 8:30:00 AM
TAX CREDIT FOR NEW HOME BUYERS - Housing & Economy Recovery Act
********* CORRECTION********* Read article at http://www.fairmark.com/news/08073001-homebuyer-credit.htm for more information on this credit....,. Congress has passed the Housing and Economy Recovery Act of 2008 (HR3221) and President Bush has stated that ...
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7/15/2008 8:41:00 AM
HUD Attempting To Stop Down-Payment Assistance Programs - A Time For Action
The Department of Housing and Urban Development (HUD) has re-issued a proposed rule which would threaten the opportunity for low to moderate income families to access downpayment assistance by eliminating all private downpayment assistance programs. The public ...
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6/21/2008 9:35:00 PM
FHA to Switch to Risk Based Mortgage Insurance Premiums
Beginning July 14, 2008 the premium paid for mortgage insurance (MIP) on FHA backed loans. The monthly MIP will increase from .50 percent to .55 percent on all loans without a case number assigned before July 14, 2008. In addition, the Up-Front Mortgage Premiums ...
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6/21/2008 9:05:00 PM
Has East Contra Costa Seen The Worse Yet?
A recently published article in the Brentwood Press is amongst the first signs that our media is beginning report that Brentwood and East County may be through the worse part of this market and some of the results of the planning by Brentwood's elected ...
Views: 148
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6/4/2008 1:46:00 PM
Bankruptcy Judge Denies Lenders Right to Collect on Stated Income Debt
A Northern California bankruptcy judge recently ruled that a lender could not collect on a stated income mortgage loan even though the borrowers lied in their application. Please click on the following link for additional information: http://www.bankrate.com/brm/story_content.asp?story_uid=25550&prodtype=mtg ...
Views: 48
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5/23/2008 8:12:00 AM
Brentwood Bulletin Board & Forum
Check out www.BrentwoodConnect.com ! It's a great place for current residents as well as those considering relocating to Brentwood to get information and answers to questions about Brentwood, its government, schools, social events and community organizations. ...
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5/4/2008 9:52:00 PM
Successful Antioch Short Sale
The following link is to a news story ran on the local FOX station (KTVU-1) on a short sale I completed recently in Antioch. http://www.ktvu.com/video/16122798/index.html
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4/26/2008 6:55:00 PM
Short Sale Rants & Complaints - The Process Needs to Be Improved!
During the past few weeks the sales activity and offers on short sale listings has significantly increased. Every day this week I've received calls inquiring on the availability of our office's short sale listings and have seen multiple offers on almost ...
Views: 557
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3/27/2008 7:47:00 AM
Interesting Year-to-date Property Sales - Are Sales Growing?
The table below shows some interesting year-to-date sales versus current pending and active listings data for Eastern Contra Costa county. Agents, prospective buyers and the media are all reporting increases in home sales activity. City/ Location Sold Since ...
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