Category: Misc.

The Obama administration will soon propose a new standardized short-sale plan. The new plan will introduce standardized documents, timelines and financial incentives that will be enforced throughout all financial institutions. Those individuals who filed for a loan modification and were denied will be able to use this program in order not to have their properties […]

In the real estate market all the focus has been on existing homes sales.  Home builders and contractors have also had major concerns over the past few years about their cancellation rates and whether or not new projects would be proposed to them. Overview of the last five years 2005 Total of 1,283 new homes […]

Lenders and borrowers have been going through a tough battle over loan modifications.  Some lenders are willing to help, while others are not as cooperative. What one lender is considering: Loan Value Group LLC is considering paying underwater homeowners, who can afford their mortgage payments, in hopes that they will keep their homes instead of […]

What is a jumbo loan? A jumbo loan allows for individuals to borrow over a certain amount. Amount: $417,000 from 2006 to 2008. Then the amount was increased in the beginning of 2008 to $729,750. Now back down to $417,000. What market is this type of loan aimed toward? Usually, high income families looking to […]

Improvements made to the home can help sell the property much faster.

Home remodeling is expected to grow this year by 5% from 2009