The Federal Housing Administration’s (FHA) created the Section 203(k) program to help home buyers rehabilitate and repair single-family properties. Many communities and neighborhoods rely on this tool, as it greatly expands home ownership opportunities and gives buyers the chance to consider homes that might otherwise...
A little imagination can go a long way in making smaller living spaces not just habitable but inspirational. Lofts, studios, condominiums and cottage-style single-family homes are excellent options for today’s price-sensitive homebuyers. Since they are traditionally smaller in square footage, challenges like lack of storage, limited...
With travel costs on the rise and a continued attitude of uncertainty regarding the economy, it's not surprising that more vacation home buyers are looking to purchase closer to their primary residences. It's actually a great time to buy, as prices are becoming more attractive...
Home owners interested in a free, independent foreclosure review now have until September 30, 2012 to put in their request. The deadline was recently extended past July 31 to allow more home owners to take advantage of this offer. The Office of the Comptroller of the...
Bank of America has come out with a cutting-edge program for home owners who are unable to qualify for loan modifications on their mortgages. Close to 300 letters were sent out to borrowers inviting them to apply for the mortgage-to-lease program that is currently being...
In April, FHA Mortgage Insurance Premiums increased for all loan amounts, and it looks as though another increase has taken place. On June 11, 2012, monthly premiums went up another 25 basis points to 1.50%. This applies to buyers who are putting down between 3.5%...
There was recently some good news for military home owners. If they are permanently displaced due to a job-related responsibility they can still be considered owner-occupants when they apply for the Homes Affordable Modification Program (HAMP). Tim Massad, Treasury Assistant Secretary, and Holly Petraeus, Assistant...
For the very first time in 20 years, cities in the United States are out-growing suburbs. The new census estimates that a change in population trends followed an extended housing bust thanks in part to the spike in oil prices. Americans are choosing to stay...
The upcoming Spring months look as though they will bring good news to those looking to buy or sell and current homeowners. To assist you in knowing what to keep an eye out for, we’ve assembled a list of the top real estate trends for...
Spring is the annual occurrence of new beginnings, and if there is one place where people are hoping for a rebirth, it is in the housing market. As we gradually turn the corner towards an economic recovery, this spring could be the strongest in years...
