Lake Powell Real Estate Guide in Arizona and Utah

The process of purchasing a home can be long and full of twists and turns. Of course, having a Realtor help you through the process can help you avoid some of the pitfalls and potholes. That said…….. One of the first things that needs to be accomplished is finding out how much of a home [...]

According to a  Washington Post  article yesterday, when the new audit report comes out in the next 2 weeks, it will show the FHA (Federal Housing Administration) reserves have fallen below 2%, which is their legally mandated minimum. FHA guarantees about 1/4 of all home loans and has been hit hard by the mortgage crisis [...]

In a zippy, an unexpected twist, HUD announced today the $8000 tax credit can be used as a bridge loan to help cover closing costs as well as an addition to the 3.5 % required down payment.  First time homebuyers must still cover the 3.5 % down payment and use of the credit can not [...]

HVCC , the Home Valuation Code of Conduct, has recently gone in to effect. The thought behind this, as far as I can tell, is to protect the consumer from lenders, Realtors and appraisers working together to set a price on a property or home. While at first blush this may sound like a good [...]

For background see Clues to the $8,000 Homebuyers Credit I was chatting with some friends this morning and the subject of the new $8,000 homebuyers tax credit came up. I was asked to give a real life example of my statement “you could own a home for free” so here it is. Example A family [...]

This morning the federal government released a new plan aimed at lowering mortgage rates as well as monthly payments in a effort to stem the bleeding in the housing market. The new plan is aptly named the “Making Home Affordable” initiative. To be considered for the program borrowers will have to show last years tax [...]

A couple of weeks ago I wrote a post about the proposed $15,000 home buyer credit. The credit was scaled back and by the time the stimulus package passed Congress it was the $8,000 home buyer credit. Last year, in the Bush plan, we had a $7,500 home buyer credit. Confused yet? Me too! What [...]