The Obama Administration today announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program, including an effort to achieve greater affordability for homeowners by lowering payments on their second mortgages as well as a set of measures to help underwater borrowers stay in their homes.
Learn more...
President Obama meets with the Housing Refinance Committee and a group of American home owners to discuss the mortgage crisis. He covers the initial causes of the crisis and the targeted goals of the administration’s programs designed to help a reported 7 to 9 million people who are eligible under the various program guidelines.
Learn more...
As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times.
Learn more...
Functional obsolescence is a term when used in real estate to indicate a feature of a home that is not longer useful or desirable today.
Homes with 3 bedrooms and only one bath were popular in the 50s and 60s, but now are functionally obsolete; buyers want two bathrooms. Homes with detached, 1 or 1.5 [...]
In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor.
Carl Keating and in studio guest Sherry Denton of Keller Williams Realty discuss the possibility of a rumored 600,000 phantom foreclosure property more than doubling the current US REO levels. We then move our focus to the mid-west and take a look at the “Green” initiatives underway as part of the rust-belt’s urban recovery plans.
Functional obsolescence is a term when used in real estate to indicate a feature of a home that is not longer useful or desirable today.
Homes with 3 bedrooms and only one bath were popular in the 50s and 60s, but now are functionally obsolete; buyers want two bathrooms. Homes with detached, 1 or 1.5 car garages are functionally obsolete; buyers don’t want to walk that far and most have another vechile or “Stuff” for which they need sotrage.
Think about how things have changed in the past 10 years with technology. It was all the rage to have a house pre-wired with multiple phone lines, but how many people have land lines now? And houses with CAT-5 wiring in every room was popular, but outdated now that wi-fi is available.
In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor.
Mortgage statements come in many different forms. However, most contain similar terms and information. Here are some commonly used terms and their definitions that may help you better understand your mortgage statement.
Carl Keating and in studio guest Sherry Denton of Keller Williams Realty discuss the possibility of a rumored 600,000 phantom foreclosure property more than doubling the current US REO levels. We then move our focus to the mid-west and take a look at the “Green” initiatives underway as part of the rust-belt’s urban recovery plans.
The lenders listed below have indicated an interest in refinancing loans under the HOPE for Homeowners program. When contacting any of the lenders listed below, you are strongly encouraged to contact your servicing lender and any subordinate lien holders since their participation is vital for you to refinance into a HOPE for Homeowners mortgage. It is important to remember that the HOPE for Homeowners program is voluntary and your servicing lender may offer different solutions for avoiding foreclosure.
The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. H4H is an additional mortgage option designed to keep borrowers in their homes.
President Obama meets with the Housing Refinance Committee and a group of American home owners to discuss the mortgage crisis. He covers the initial causes of the crisis and the targeted goals of the administration’s programs designed to help a reported 7 to 9 million people who are eligible under the various program guidelines.
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
In this video the Chief Tax Economist for the The National Association of Home Builders (NAHB) answers some of the most frequently asked questions (FAQs) regarding the newly amended First Time Buyer Tax Credit and the guidelines for qualifying.
Host, Carl Keating and in studio guest Cale Woods look at the potential for the foreclosure market becoming an asset to the real estate industries recovery. We also take another quick look at the to-date effects of the Stimulus Package elements and the FTC crackdown on the “New Breed” of predatory lender activity in the marketplace.
This episode examines the recent expansion in prime mortgage foreclosures in the US and the effects this will likely have on the already challenged real estate sector. We also discuss the down and dirty details of the loan modification option of the Making Home Affordable program as it compares to the refinance portion of the same program.
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
The Obama Administration today announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program, including an effort to achieve greater affordability for homeowners by lowering payments on their second mortgages as well as a set of measures to help underwater borrowers stay in their homes.
President Obama meets with the Housing Refinance Committee and a group of American home owners to discuss the mortgage crisis. He covers the initial causes of the crisis and the targeted goals of the administration’s programs designed to help a reported 7 to 9 million people who are eligible under the various program guidelines.
As homeowners and communities throughout the country continue to face devastating consequences from the deep contraction in the economy and the housing market, the Obama Administration today announced a new coordinated effort across federal and state government and the private sector to target mortgage loan modification fraud and foreclosure rescue scams that threaten to hurt American homeowners and prevent them from getting the help they need during these challenging times.
