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from August of 2010

A: Are there funds available for first time homebuyers? Q: We do have first time homebuyer money. It is dependent upon on your income. You do not necessarily have to be a first time homebuyer, depending on the area you’re in. If you’re in what they call a “targeted area,” you do not have to be a [...]

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Many people are looking for an explanation to where the mortgage market is now and where it is heading. So where will mortgages go?   Austin, Texas REALTOR® Frank Wade says mortgage rates are an element of simple supply and demand.“The more there is, the cheaper they are Since the U.S. Government, through the Federal Reserve Board of [...]

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To honor our four-legged friends this month, we asked some of our REALTORS® to tell us about the best, most extravagant features they have seen for a dog house during their career. Here are some of their entertaining answers:“One of my best listings has a dog house that is inappropriately named. If anything, it should be called a “King [...]

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Getting a mortgage in 2010 is a little more complicated than it has been in the past due to the challenging economy and increased government regulation of the mortgage industry. In fact, Michigan REALTOR® Michael Price compares the process to a giant hurricane that has swept through the housing and mortgage markets, leaving chunks of debris and danger [...]

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Q: How is the purchase process different between a short sale and foreclosure? A: The purchase process for a short sale is sometimes several months. There are some banks that are fast tracking short sales. That is pretty exciting because it’s almost like a regular sale. You can wait three, four, six months, up to a year for [...]

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