Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage fraud, according to FBI reports. “An entire community can be damaged by mortgage fraud,” says Rachel Dollar, a lawyer from Santa Rosa, Calif., and editor of the Mortgage Fraud Blog. Mortgage fraud can lead to a spike in foreclosures, home values plummeting, and lenders raising their ...
A tankless water heater never runs out of hot water, says a new report at www.houselogic.com. Instead of the traditional tank, the heater is filled with small pipes that are surrounded by a gas burner or an electric coil. The water is heated on demand, as it is used, saving from a quarter to a third of the cost of heating water, perhaps $100 annually.
Always having hot water available means less is ...
10 Most Recession-Proof U.S. Cities The most recession-proof cities didn’t see home prices surge in the first place, says the MetroMonitor, a quarterly report released by Brookings Institute's Metropolitan Policy Program. MetroMonitor identified 21 large metro areas that have enjoyed robust economies and stable labor and housing markets in the last few years. "Most of these cities have ...
Some 52 percent of single home buyers in April chose suburban locations over urban and rural areas, according to a survey by Coldwell Banker of 1,000 single buyers.· More than 53 percent of single home owners reported that they purchased a home because it was more cost effective than renting in their area, while 68 percent of single home owners purchased a home that was less expensive than they ...
30- and 15-Year Rates Move Down Home-mortgage rates fell this week along with bond yields, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 4.72 percent, down from 4.79 percent a week ago; while rates on 15-year fixed-rate mortgages fell to another record low of 4.17 percent from 4.2 percent. Also, the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.92 percent, ...
Missed the home buyer tax credit?
Now there’s an even better Buyer Bonus!
The Home Buyer Tax Credit has come and
gone. Fortunately, the door is now open to
something even better – the Coldwell
Banker® Buyer Bonus Event! Purchase a
par ticipating house between May 1st and
July 31st, and the home’s seller will refund
3%
of the accepted offer ...
First-Time Homebuyer Credit: Members of the Military and Certain Other Federal Employees
The Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:
Extends deadlines for purchasing and closing on a home.
Authorizes the credit ...
Property Valuations - and Tax Relief - Are in the Mail
Some long needed relief for thousands of tax payers!
Albuquerque Journal article April 20, 2010
By Karen MontoyaBernalillo County Assessor Today, homeowners throughout Bernalillo County will begin to receive their annual property valuations. These valuations reflect one component ...
The Regional Office has been inundated with requests to escalate short sales. We need to make sure that all sales associates understand what the proper protocol is for this. Please review this information below so you will understand time frames and when it is appropriate to escalate to the Regional Team.
The Short Sale Timeframe
A typical short sale decision can take ...
Less than 30 Days and Counting on Home Buyer Tax Credit
Last November, the government expanded and extended the new Homebuyers Tax Credit. According to the program, first-time homebuyers are eligible for a tax credit of 10% of the purchase price of the home, with a maximum credit of $8,000. And some current homeowners looking to purchase a home can receive a credit up to $6,500.
Although military ...
