Recently, the Idaho Statesman ran a front page article detailing how spectulators contributed to the housing bubble and the record number of short sales and foreclosures that have not only hurt the housing industry but have contributed to the economic downturn in Idaho and across the nation. Continue Reading Speculators and the housing bubble

The Federal Home Finance Agency (FHFA) recently made changes to the HARP (Home Affordable Refinance Program) that will help homeowners who are current on their mortgage and wish to take advantage of lower interest rates by re-financing but have been unable to do so due to being up-side-down in their mortgage.Continue Reading HARP Loan Limits Removed

In an effort to stabilize home prices and accelerate the sale of vacant homes, HUD Secretary Shaun Donovan announced a temporary policy change which allows for quicker re-sale of foreclosed homes and expands access to FHA mortgage insurance.

Continue Reading HUD Waives 90-Day Re-sale Rule

The U.S. House of Representatives voted today to extend and expand the First Time Home Buyers $8000. Tax Credit that was unanimously passed by the U.S. Senate last night. The bill not only extends the $8000. tax credit to first time home buyers (those who haven’t owned a home in the past 3 years) but also provides a $6,500. tax credit to those who have owned a home before.

Continue Reading Congress Extends $8000 Tax Credit

First time home buyers, take notice. The $8000. tax credit offered by the Federal Government is coming to an end. You only have until December 1, 2009 to find that perfect home, make an offer, get your offer accepted and close on the purchase if you want to qualify for the tax credit. That only 4 months away.

Continue Reading First Time Buyer Tax Credit

Good news for those struggling homeowners who have continued to make their monthly mortgage payment. HUD director Shaun Donovan announced an expansion of the Home Affordability Finance Program (HARP). This program is aimed at helping homeowners take advantage of lower interest rates – or a fixed interest rate – even though they are “upside down” in their current loan. The expansion allows homeowners to refinance their current loan into a new loan of up to 125% of the home’s current value – up… Continue Reading Struggling to make your mortgage payment? Here’s help….