Mack's Blog

Beginning February 1, the Federal Housing Administration will provide mortgage insurance for some purchases in which the seller bought the property and held it for fewer than 90 days.
*** BEGIN QUOTE *** “FHA borrowers, because of the restrictions we are now lifting, have often been shut out from buying affordable properties,” said [...]

>From time to time I will post real estate terms and an explanation of the term so stay tuned:
Abstract of Title -A condensed history or summary of all transactions affecting a particular tract of land.
Access – The right to enter and leave a tract of land from public access. Can include the [...]

=-O Referral Fee to Retired Agent?
QUESTION: I am a broker and was wondering if I can pay a referral fee to a retired real estate agent for sending me a client to show property to. How can I compensate him?
ANSWER: It will depend upon whether the agent’s license was active when [...]

Four Demographic Waves to Watch
As this recession was first getting underway, former Chief Economist for NAR John Tuccillo was interviewed and asked what REALTORS should be studying to succeed in the real estate era ahead. His first answer to that question was simple: demographics. The population changes that are coming will affect everything about [...]

Remade

This Vietnam vet came home to the reservation with anger in his heart. Then love found a way back in…

By Darrell New Plenty Stars, Pine Ridge, South Dakota November, 2009

Life is hard on the reservation.

I should know. I’ve lived most of my 63 [...]

 
                               A woman had just returned to her home from an evening of church services, when she was startled by an intruder.. She caught the man in the act of robbing her home [...]

1. Foreclosures Rise in Higher Price Ranges
New data from Zillow.com shows that about 30 percent of foreclosures in June involved residences in the top 33 percent of local housing values, a gain from 16 percent at the start of the foreclosure crisis in 2006. Meanwhile, the bottom one-third of housing markets, by home value, [...]

HUD The Dept. Of Housing and Urban Development has released Mortgagee Letter (ML) 2009-35 titled “Loan Modifications:  FHA Loss Mitigation Incentives – Update”.
For additional information, please click on the following link: HUD ML 2009-35 Loan Modifications: FHA Loss Mitigation Incentives – Update

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Count down has begun. Each day means fewer days to meet the closing deadline to take advantage of the tax credit. So please don’t wait!

Need more information click on items below

001_government_affairs_tax_credit_brochure_052709.pdf
profile-of-a-first-time-homebuyer-checklist.pdf