Policies, procedures, panic…OH MY! Following the 2009’s overcompensation trend, financing just got a bit more complex in the condominium market. Or, should I say condominium catastrophe?!? In this week’s entry, we will focus on the new hurdles that stand between a mortgage team (buyer and mortgage professional) and the prize: mortgage financing for [...]

The 2010 home buyer credit is great news for both first-time buyers and repeat home buyers, and it’s in effect until June 30th, 2010. The full credit for repeat buyers is $6,500, while the first-time buyer credit is available at $8,000. This incentive is a legitimate credit (not a deduction), and it does not have to be paid back. Find out what it is, how it works, and if you qualify.

Legislation proposes an 18-month break from the new HVCC appraisal policy
Thanks to Mississippi Rep. Travis Childers (D) and California Rep. Gary Miller (R) for introducing a bill that would suspend the Home Valuation Code of Conduct (HVCC) — a new federal policy that encourages ultra-conservative appraisals and disconnects appraisers from local Realtors and mortgage brokers. [...]

New Home Buyers: Houston Home Builders are offering price discounts of 5% to 30% this summer! Sound ridiculous? It’s the reality of the 2009 New Homes Market in Houston. Find out how we got here, what to expect, and how to find the best deals.