In recent weeks, the Obama administration released data on Making Home Affordable Program. According to the 10 page report, HAMP’s participants climbed – on constant basis – to reach over 1.1 million trial modifications with 23% granted permanent modification. East Cost Homeowners top the South California in total percentage of HAMP activity. Overall, 12.2% of […]
JohnHart Real Estate
Contributor, designer & admin for JohnHart Gazette.
Short Sale and Transformation of Real Estate Market:
Emerged in the last 20 years of the 20th century, short sales provided a viable solution to the 1989 Savings and Loans crisis. Similar to foreclosure crisis of 2008, the 1989 Savings and Loans crisis resulted in wide spread foreclosures and economic slowdown. In reaction, the federal government enacted new real estate regulations which opened […]
Tax Credit Extension
During a late session, the United States House of Representatives approved a bill to extend tax credit for new home buyers. This is an extension of a law signed by President Obama last year to stimulate real estate markets around the country. The bill is designed to help potential buyers who entered into purchase agreement […]
Oil Spill Real Estate
Agents along the U.S. Gulf Coast are reporting a dramatic surge in buyers backing out of deals of what used to be prime beachfront real estate.
Original Field of Dreams Movie Site For Sale
Talk about a great backyard. From home plate to your home would only be a few hundred feet away. The owners of the original Field of Dreams movie site in Iowa is putting the property up for sale. Don and Becky Lansing stated they love the land, which has been in the family for more […]
$150 Million California Home For Sale
Candy Spelling, widow of Beverly Hills 90210 producer, Aaron Spelling and mother of Tori Spelling is putting their home, “The Manor” up for sale after 20 years. What sets this home apart from others? About $150,000,000… you didn’t read that wrong. According to Forbes, the $150 million price tag sets the record for the most […]
$8,000 Tax Credit Extended for Armed Service Members
If you are a qualified service member, the $8,000 tax credit will be extended for one full year until April 30th, 2011.
Fannie Mae Reduces Post Short Sale Waiting Period
Fannie Mae is loosening its grip on its previous rules and allowing buyers to apply again in as little as two years.
$8,000 Tax Credit Expires This Friday
If you plan on taking advantage of the $8,000 first-time homeowner tax credit, you better hurry.
Moby Purchases $4 Million Hollywood Hills Castle
World famous DJ, producer and singer/songwriter, Moby has recently purchased Wolf’s Lair in the Hollywood Hills for nearly $4,000,000.