June 2009 - Posts

FHA to Allow First Time Buyers Credity Advance
The first-time homebuyer tax credit just keeps getting better. The credit was increased to $8,000 this year and no longer has to be paid back. Now HUD has said that it will allow the credit to be advanced to FHA purchasers for use toward a downpayment Read More...
Posted 03 June 09 08:34 by Robert Buckman | 0 Comments   
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Borrowers with Second Liens May Get Help
T he Treasury Department has announced an expansion of its Making Home Affordable Program aimed at encouraging loan modifications for struggling homeowners with second liens. The original version of the program did not address situations where homeowners Read More...
Posted 03 June 09 08:31 by Robert Buckman | 0 Comments   
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Mid-Year Mortgage Overview
I t might have better to have titled this article “Condos for Cash,” since it seems that all-cash might be the only guaranteed way to purchase a condo today. Simply put, if you are interested in buying a condominium in today’s market, Read More...
Posted 03 June 09 08:24 by Robert Buckman | 0 Comments   
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New Appraisal Rules Not Without Flaws
T here’s a new sheriff in appraisal town and the name is HVCC. Not to be confused with HVAC (that’s your heating, ventilation and air conditioning system), HVCC stands for Home Valuation Code of Conduct. The HVCC, which was implemented May Read More...
Posted 03 June 09 08:20 by Robert Buckman | 1 Comments   
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