Anne Arundel County Short Sales Just Got Less Expensive
Anne Arundel County Short Sales Just Got Less Expensive!
A short sale is when a seller sells a home for less than what is owed to the bank or the mortgage company. The difference between what the home sells for and what is owed is considered “forgiven debt”.
Anne Arundel County decided to tax short sales on [...]
Proposed FHA Loan Changes Make Buying a Home More Expensive
Proposed FHA Loan Changes Make Buying a Home More Expensive.
The Housing and Urban Development (HUD), has made the much anticipated, official announcement regarding changes to the  popular Federal Housing Administration (FHA) loan program.Â
The proposed FHA policy changes are detailed below:
1. The up front mortgage insurance premiums will be raised .50 point to 2.25% of the mortgage amount. [...]
Homebuyer Tax Credit Extension Made Simple
The bill that President Obama signed is intended to create urgency for buyers to buy homes. But this bill doesn’t only pertain to first time home buyers as the first one did that has expired.
Here’s the deal.
The purchase must be made before May 1, 2010 and closing must take place before July 1, 2010
Our brave [...]
