Month: March 2011

First Time Buyer Tax Credit

March 28, 2011March 6, 2019 By Diane Gerdes

Remember the First Time Homebuyer Tax Credit (up to $8000) or the Replacement of a Primary Residence Tax Credit (up to $6500) that expired in April 2010? Both tax credits were extended to April 30th 2011 for Active Duty Military…

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TOO MUCH REGULATION???

March 25, 2011March 6, 2019 By Diane Gerdes

The upcoming implementation of the new LO Compensation rules has given me pause to consider the current regulation that is already in place in regards to mortgages and consumer credit. The brand new Consumer Financial Protection Bureau will be given the task of overseeing this new regulation. According to the CFPB website their mission will be to make sure consumers

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I Just Short Sold My Home

March 25, 2011March 6, 2019 By Diane Gerdes

When can I buy a new home?

The calls are coming in from former short sale homeowners that now want to reenter the housing market. The rumor that FHA will finance homes immediately after a short sale is as likely as Lindsay Lohan staying out of jail. FHA Mortgagee Letter 09-52, is very specific on their guidelines (I know, it shocked me, too, a government mandate that is clear and concise).

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Disclosures

March 25, 2011March 6, 2019 By Diane Gerdes

#Mortgage Answers

Rent or Own – That is the Question

March 18, 2011March 6, 2019 By Eric McAllister

Home prices are at an all time low in Arizona. This combined with historically low rates makes it a great time for those first time home buyers to buy a home. Arizona is ranked in many national publications as one of the ten most affordable cities for housing in the country. With that in mind lets look at the numbers

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Can Leprechaun Buy Homes?

March 17, 2011March 6, 2019 By Diane Gerdes

Answer: Yes and No. The Equal Credit Opportunity Act of 1974 prohibits discrimination in granting credit to individuals based on race, color, age, religion or national origin.

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Fracking Banks

March 10, 2011March 6, 2019 By Diane Gerdes

Fracking (noun, slang) – 1. the process of drilling with chemically treated water through the ground smashing through layers of rock, freeing oil or natural gas to flow to its rightful owners. 2. term used by the TV series Battlestar Galactica to replace expletive.

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Charlie Sheen and the US

March 4, 2011March 6, 2019 By Eric McAllister

Charlie Sheen, Muammar Gaddafi and Uncle Sam walk into a bar. Who will pay? Gaddafi hates America so much that all of his money is tied up in U.S. banks and investments. Charlie ranted his way out of his billion dollar T.V. show plus he isn’t sure rehab allows drinking with non-strippers. Uncle Sam is the only one of three that has a job and he can’t pay due to budget constraints.

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