Given the economic difficulties that still exist, it’s not surprising that many homeowners are looking to home improvement and renovation, rather than buying a new home. When deciding to undertake a remodeling project, however, there are several invaluable tips to keep in mind as you discuss your home makeover with potential contractors. Thanks to our…
Credit Scoring
Dealing with Challenges Typically, a person with a low credit score is in this position because they lack structure in his or her life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individuals who lack the discipline to pay their bills on…
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The three versions of the homebuyer tax credit are expected to result in revenue losses to the federal government of about $22 billion, according to estimates from the Government Accountability Office (GAO). Read more… Posted via email from WESTCHESTER COUNTY DISTRESSED PROPERTY INFORMATION
HAMP Program Not Doing Its Job!!!
HAMP remains incapable of filling the imminent default gap The Loan Modifications are not Working as Planned. Read More… Posted via email from WESTCHESTER COUNTY DISTRESSED PROPERTY INFORMATION
The Five Factors of Credit Scoring
There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score: Payment History: 35% impact. Paying debt on time and in full has a positive impact. Late payments, judgments and charge-offs have a negative impact. Missing a high payment has…
Fannie Mae Says Foreclosure Delays Represent a Breach by the Servicer
The nation’s largest mortgage company is about to start cracking down on servicers for letting delinquent loans languish too long without action. Fannie Mae issued a notice this week alerting servicers that it is monitoring all delinquent loans in its portfolio and mortgage-backed securities (MBS) pools to ensure foreclosures are handled within an acceptable time…
Buying a Foreclosed Home? Top Problem Areas to Look Out For
Today’s real estate landscape offers some great buys for savvy real estate consumers, especially when it comes to foreclosure properties. Unfortunately, even though there are already a large number of foreclosures on the market, analysts are predicting that yet another wave of distressed properties will crop up in the coming months. As a Member of…
When Should You Buy Real Estate??
Listen to what the experts from CNBC and Zillow.com have to say about when you should buy Real Estate Posted via email from WESTCHESTER COUNTY DISTRESSED PROPERTY INFORMATION
When Is A Good Time To Buy Real Estate???
Listen to what the experts from CNBC and Zillow.com have to say about when you should buy Real Estate Posted via email from WESTCHESTER COUNTY DISTRESSED PROPERTY INFORMATION
Analysts predict more declines in housing demand
Analysts predict more declines in housing demand Miami, FL-“The recent bond rally is good news for the secondary market, but it may be an unsustainable trend, as analysts predict more declines in the housing industry, potentially sapping mortgage-backed bonds.“ Explains Jacob Gafney from housingwire.com. The feeling among realtors, economists, and the public in general…
Where are the Buyers Going to Look for A Home
CNBC and Trulia Tell you the Answer. Listen in to find out where the activity is taking place Posted via email from WESTCHESTER COUNTY DISTRESSED PROPERTY INFORMATION
Home Buyer Tax Credit Extended??
Well its here. Just as I thought, the Obama administration is thinking that the home buyer tax credit should be extended. It does not talk about prices. It’s a HOME BUYER TAX CREDIT and possibly to Investors. The Obama administration plans to set up an emergency loan program for the unemployed and a government mortgage…
