by Tim Storm on February 7, 2010
In order to get FHA financing on a condo in Orange County, the condo project needs to be approved for financing by FHA. Not all projects are approved, so it is important to narrow the property search to those condo’s that are if you have a desire to take advantage of the benefits of FHA [...]
by Brian Kinkade on February 6, 2010
Being environmentally conscious doesn’t mean you have to install solar panels or grow all of your own food. There are plenty of quick and easy ways to green your home that will save you money rather than cost you money, and that don’t require a whole lot of effort on your part.
Here are some of [...]
by Dawn Rivera on February 5, 2010
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You can play in the snow with your family without having to drive all the way to Lake Tahoe or Reno.
At Leland Meadows you can have fun in the snow. They have inner tubes that have tow straps on them so you can be towed up the hill and then you slide down. So much easier for us [...]
by Brian Madigan LL.B. on February 5, 2010
Real Estate Agent ~ Disclosure Issues
By Brian Madigan LL.B.
There are basic rules that apply to realtors concerning disclosure. Everyone who is permitted to trade in real estate under the Real Estate and Business Brokers Act, 2002 is subject to both the common law and the RECO Code of Ethics.
Organized real estate, and that means registrants [...]
February 5, 2010
How does the Idaho FHA Reverse Mortgage Loan Work?
The Idaho FHA Reverse Mortgage, also known as a HECM (Home Equity Conversion Mortgage), is a loan made to a person age 62 or older. There are no income, credit or health requirements associated with the loan. The amazing thing about the Idaho FHA Reverse Mortgage is [...]
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February 5, 2010
Boise, Idaho Reverse Mortgages are great for senior retirement living !
A Boise, Idaho FHA Reverse Mortgage Senior Home Loan is a great way for anyone over the age of 62 to enjoy their retirement and not have to stress as much about money. With a Reverse Mortgage it frees up the options available for anyone [...]
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February 5, 2010
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The FHA has come up with some new rules when it comes to their loans.
Beginning April 2010, the up front mortgage insurance will increase from 1.75% to 2.25%
There will be no more spot appraisals. So it will be harder to get an approval on a condo.
This is a big one. Effective for all case numbers issued [...]
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February 5, 2010
The Mortgage Rates for a 5 Year adjustable rate mortgage (ARM) sank to 4% (and lower in some cases)* for Santa Clara county homes. The rate improvements yesterday has opened up terrific opportunities for home owners and First Time Home Buyers. This is is best suited if:
You are a First-Time Home buyer and would like [...]
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February 5, 2010
Beazer Homes, the Atlanta based homebuilder has posted a $48.1 million profit in its first fiscal quarter.
That is obviously hugely encouraging after enduring a loss of over $80 million in its prior fiscal year. Beazer has a $101 million tax gain to thank for their successful first quarter, as they cater primarily to first time [...]
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February 5, 2010
Pending home sales rose slightly in December, increasing 1.0 percent from the previous month, according to NAR. The Pending Home Sales Index (PHSI) was 10.9 percent above December 2008. In November, the index had fallen 16.4 percent after several months of surging activity.
The index in the Northeast rose 2.3 percent in December and was 14.9 [...]
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February 5, 2010
If Robert Zemekis is any sort of Nostradamus, we’re only five years away from hover boards, self-drying clothes, and automatically lacing shoes. I am so freakin’ excited!
Of course, when the movie came out in 1989, Back to the Future Part II was a nice peek into the future. Now, of [...]
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February 4, 2010
My brother has this running joke and, like most older brother jokes, it’s at his younger brother’s (that is, my) expense. The joke is a simple one line, “Did you knoooowww?”
It refers to my reputation as being a depository of useless information and is usually accompanied by a roll of [...]
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February 4, 2010
There are New Town homes In Vickery that you really should see if you love new and unique!!!
Located near Milton / Alpharetta in the city of Cumming Georgia. Great Schools and Great location just south of the New Mall The Avenues and just north of the 400 to head on down to Atlanta.
Visit Town Homes For Sale In [...]
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February 4, 2010
Fannie Mae is offering a 3.5% incentive* for California home buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on this site that are closed within this period may receive up to 3.5% of the final sales price for:
Closing costs;
The purchase [...]
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February 3, 2010
What will it take for you to sell your home this season? That is the million-dollar question on everyone’s mind this spring. The tax incentive is expiring soon which creates that burning, anxious sensation at the bit of your stomach. Will your house be picked for the dance or end up as a wallflower?
It is [...]
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February 3, 2010
10 Steps to Simplify Closing an Idaho FHA 203k Streamline Home Loan Mortgage.
Starting an Idaho FHA 203k Streamline mortgage can be daunting for most. How does the Idaho FHA 203k Streamline Process work? Many are confused as to how the program works and what steps are necessary. Below I have outlined the basic steps involved [...]
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February 3, 2010
Doctrine of “Ultra Vires” and Real Estate Agent Risks
By Brian Madigan LL.B.
The latin expression “ultra vires” as translated means “beyond the powers”.
As a legal doctrine it often applies in the case of corporations that exceed their authority. Did the corporation have the authority to enter into a particular transaction? If not, a court will rule [...]
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February 3, 2010
In one of the most difficult and challenging economic times in American history, already financially taxed homeowners are being taxed even more – literally and figuratively. Despite the fact that home values across metro Atlanta plummeted tens of thousands of dollars and, in some cases, even hundreds of thousands, tax appraisals did not follow suit.
The [...]
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February 3, 2010
The Dept. of Housing and Urban Development (HUD) announced Friday it will eliminate for one year the Federal Housing Administration (FHA) 90-day anti-flipping rule.
FHA’s anti-flipping rule generally prohibits insuring a mortgage on a home owned by the seller for less than 90 days. That rule already has been waived for certain transactions, including REOs. Beginning [...]
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February 3, 2010
With this past Sunday’s Grammy Awards and the Oscar Nominees announced just a few days ago (not to mention last month’s Golden Globe Awards), it seems as if the entire world has award fever (or, the more scientific term, ‘Award Allergies’).
Luckily, we here at DotLoop have our own reason to brag [...]
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February 3, 2010
On Monday, I discussed how the elderly are having a hard time navigating through our modern day, fast-paced cities designed more for cars than people.
And of course I got to thinking: what will a city be like when I’m elderly? The best place to look to find out what the [...]
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February 2, 2010
Interest Rate Predictions ~ February 2010
By Brian Madigan LL.B.
Naturally, no one can be sure of what will happen to interest rates, but the economists are making some educated guesses.
The Bank of Canada overnight rate sits at 0.25%. That is a trend setting rate and the lowest it has been in 50 years. One thing for [...]
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February 1, 2010
More homes will become available for first time buyers in Arizona with the 90-day anti-flip rule being suspended for one year.
Previously FHA has not allowed any property to be sold for even a dollar more than the original price plus the cost of the improvements until at least 90 days of ownership. That additional holding time had [...]
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February 1, 2010
Rancho S.M. Short Sale Experts
The Short Sales ASAP group specializes in short sale negotiations and sales here in Orange County and Rancho Santa Margarita. This article reports the current state of total listings, short sales listings and foreclosure listings for Rancho Santa Margarita.
Today, there are 94 detached homes listed for sale ranging in price from $290,000 on [...]
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February 1, 2010
Some major changes went into effect today for FHA loans for Santa Clara County Condominiums.
Elimination of “Spot Loan” Approval Process
If a condo project was not approved by FHA, a “spot approval” was allowed just for financing one unit. This process has been eliminated as of today. Now the entire project has to be approved either [...]
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February 1, 2010
This past Saturday afternoon found me waiting at a stop sign at the end of my street for a bit longer than I would have liked. I was attempting to make a left hand turn onto a busy road, but I wasn’t the only one waiting to get to my [...]
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February 1, 2010
I just got an inside scoop that reportedly, VirtualTour.com is expanding it’s services to allow free posting of virtual tours through their website interface. They are planning to let users either post virtual tour links (along with a listing description) one at a time or using a data feed format similar to what you may [...]
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February 1, 2010
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Smart consumers, taking advantage of the historically low interest rates, the very good home prices and also, the extended and expanded tax credit, are helping to water a housing market growth. This is in turn helping the economy in general. According to several surveys, most of the current home owners say they would use the tax credit [...]
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February 1, 2010
Key points
• The new year is a great time to reevaluate where you stand financially.
• Consider these five resolutions to reshape your finances in 2010, including tips on budgeting, estate planning and more.
• Helpful information for everyone, regardless of age or income.
It wouldn’t be the new year without resolutions. But whether it’s trimming your waistline [...]
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January 31, 2010
There are numerous options available online for advertising products or services. One of the prevalent and often used advertising methods is PPC – Pay Per Click.
Although PPC is effective, it is not an option that is viable for businesses or companies who may be strapped for cash. While it does work within [...]
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January 31, 2010
Agent’s Duties When There Are Zoning Problems
By Brian Madigan LL.B.
This case seems rather straightforward. The owner of a property situate in the Grand River Conservation area lists his property for sale. The agent, Ralph Murphy fails to ascertain the zoning and the development restrictions that apply to the property.
Murphy is approached by a purchaser who [...]
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January 30, 2010
The Meaning of “Forum Conveniens”
By Brian Madigan LL.B.
The latin expression “forum conveniens” simply means “convenient forum”. It is to be distinguished from the expression “forum non conveniens”, or the inconvenient forum.
The Court gets to make this decision at the outset of every case. The first question the Judge will ask is “do I have jurisdiction?” [...]
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January 28, 2010
I’m not sure why, but cupcake shops are starting to become all the rage now. Even Cincinnati is getting in on the mix.
Not that I’m complaining, mind you. It’s a pretty delicious trend. My first foray into this frosted fad found me at Butter Lane in [...]
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January 27, 2010
The Fed’s statement today does not augur well for Santa Clara Mortgage Rates. The Fed said today that it is sticking to it’s plan to end purchases of mortgage securities by the end of March.
The purchases have helped to drive down Santa Clara mortgage interest rates (refer chart below for Mortgage Rates in the last [...]
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January 27, 2010
News came out today that everyone missed their mark with regards to forecasting the housing market. With a drop of 7.6% , Decembers numbers were the lowest since March. Even with the tax incentives nothing seems to give the industry the push it needs. In the Dallas Real Estate area the market as a whole was down 1% [...]
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January 26, 2010
It snowed this morning in Cincinnati. Unfortunately, despite only getting an average annual snowfall of less than two feet, in our city, if just one flake is on the road, all the drivers turn into flakes.
Traffic completely stalls, so much so that you’d think every Cincinnatian was from a tropical locale and came to a [...]
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January 26, 2010
Savills Research predicts 40 percent inflation-adjusted growth in the UK’s mainstream property market over the next ten years, much more in line with the long term average. Demand will be sustained by inventory shortages, but price growth will be constrained by more limited access to mortgage finance.
Director of Savills Research Lucian Cook said in a [...]
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January 26, 2010
Home prices in the United Kingdom climbed 5.9 percent in 2009, according to a report from the Nationwide Building Society.
The average price of a home in the UK at year-end was $257,105 (£162,103), an 8.9 percent rebound from the lowest point in February 2009, according to Martin Gahbauer, Nationwide’s chief economist.
The re-entry of cash rich [...]
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