From the monthly archives: June 2010
Well, the numbers are showing that since the tax credit expiration, that buyer activity has slowed down some. In the last week, there were 600 purchase agreements signed which is 34% less than the same week last year. That means last weeks decline in pending sales was the 4th week in a row it declined when you compare it to year-over-year sales.
[ June 10, 2010; 6:30 pm to 8:00 pm. ] These questions may be slightly taboo to consider, but if you don’t start thinking about it and have a plan in place, your parent may not be the only one who suffers the long term consequences. That is why the Your Aging Parents (YAP) Seminar came into existence. It fills a HUGE gap in society answering many of the ‘What Now’ questions.
Fannie Mae and Freddie Mac are now allowing struggling homeowners with loans backed by the government-sponsored enterprises, or GSEs, to sell their properties through a Short Sale or deed-in-lieu of foreclosure if they can’t get a loan modification, officials announced this week.
Now you can get the latest blog posts, upcoming events, market updates and Conversations with Carrie delivered directly to your inbox! Just click here to subscribe. As always, we thank you for reading and welcome your comments!
RE-PULL A CREDIT REPORT AT THE CLOSING TABLE? Starting with new applications as of yesterday, 6/1/10, Fannie/Freddie are requiring that lenders pull a final credit report just prior to closing. If a buyer’s credit scores have lowered, new debt has occurred, etc, then this could stop a closing in its track.
[ June 3, 2010; 6:30 pm to 8:00 pm. ] There are many questions that a home-owner has when comtemplating whether or not to sell their home by means of short-sale. What is a short-sale? How does the process work? Can any Realtor list a home for short-sale? What credit ramifications are there? How long will I have to wait before I am able to purchase a home again?
Watch this video for information on the upcoming First Time Home Buyer Class
Subscribe Via Email
View Posts By Category
- Chela's Story (5)
- Conversations With Carrie (127)
- First-Time Home Buyers (79)
- Home Buyer Class Information (16)
- Home Loan Process (46)
- Local Information (34)
- Market Updates (27)
- Mortgage News (44)
- Mortgage Terminology (20)
- Trusted Resources (8)
- Tuesday Tidbits (3)
- Uncategorized (15)
- Upcoming Events (26)
