Archive for May, 2009

What you need to know before buying a home (The Facts)

Sunday, May 31st, 2009

With grants and tax credits enticing people to look into buying a house, real estate experts are starting to see fresh faces scrutinizing the foundations, walls, floors and roofs of vacant homes in Brazoria County.

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Cat Adoption Month works to find cats permanent home (Midland Reporter-Telegram)

Sunday, May 31st, 2009

Crawling out from under the staircase of a North Midland apartment complex last week, two kittens scampered into the nearby bushes, peeking their heads out only after the sound of footsteps had come to a halt.

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Meritage Homes reinvents itself to survive (The Arizona Republic)

Sunday, May 31st, 2009

Home builders who three years ago were selling new homes at record prices must now overhaul their entire operations to survive.

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Unemployment fueling rise in foreclosures among those with fixed-rate mortgages (The Cleveland Plain Dealer)

Sunday, May 31st, 2009

With April’s unemployment rate hitting 8.9 nationally and 10.2 percent in Ohio, a growing number of people who have lost jobs or income are edging closer to losing their homes and creating another wave in the nation’s foreclosure crisis. Related: Cuyahoga County median home sales price is 28% lower than 2008 as foreclosures keep down prices

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Lenders leery of New Frontier loans (Greeley Tribune)

Sunday, May 31st, 2009

Christmas is over, and Santa Claus was sent home.

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Home buying and selling 2009 (Bankrate.com via Yahoo! Finance)

Saturday, May 30th, 2009

There are opportunities for first-time buyers and with the jump in foreclosures, they can be choosy.

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‘Jumbo’ Loans, Down-to-Earth Rates (Washington Post)

Saturday, May 30th, 2009

Looking for a mortgage that exceeds $729,750? Not long ago, you would have been charged about 8 percent interest on a loan that large — if you could find a lender willing to grant you one. Now, rates on these “jumbo” loans are much more affordable, having settled in the low 6 percent range, on a…

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Realty Q&A: No federal mortgage help for second-home owners (Market Watch)

Saturday, May 30th, 2009

Are there any new laws going into effect that would allow someone with a second home to refinance or adjust the mortgage?

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‘Jumbo’ mortgages get cheaper but they’re tricky to find (The Canton Repository)

Saturday, May 30th, 2009

“Availability is still an issue, and the bar is higher in terms of down-payment requirements and credit scores,” said Greg McBride, a senior financial analyst at Bankrate.com, a personal finance Web site.

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Feds will allow tax credit for down payment, closing costs (seattlepi.com)

Saturday, May 30th, 2009

First-time home buyers can now use the federal $8,000 tax credit for down payments or closing costs on a Federal Housing Administration mortgage — if they can find an approved organization to give them the money as a loan.

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