real estate

How Foreclosure, Deed in Lieu, and Short Sale Affect Credit Scores

Currently millions of Americans are delinquent on their home loans or facing foreclosure. Foreclosure, deed in lieu of foreclosure, and short sales are several ways for borrowers t

Homebuyer Tax Credit Extended and Expanded

A couple months ago I wrote about the pros and cons of extending and expanding the popular first time homebuyer tax credit which was due to expire on November 30th, 2009. I wrote

It's Time to Purchase Like It's 1999

For those who have a job, a healthy savings account and some optimism about the long-term, it doesn’t get any better than this. Opportunity in the form of lower prices doesn’t kno

When Should You Fire Your Real Estate Agent?

Lately several couples I know have been trying to purchase real estate, and it seems that none of them are too happy with their real estate agents. Some of them have been working w

Redfin: The Greatest Real Estate Website Ever

Real estate websites are a dime a dozen, but when you find one that does it all, the rest all fade into the background. Whether you're looking to buy or sell, Redfin has what you n

Permanent Home Swap: Solution to a Volatile Real Estate Market

Let’s say the real estate markets are down. You want or need to sell your home, but buyers won’t pay what it is worth (or even enough to leave you with a zero balance). And if you

New Home Loan Rules Will Take Effect on July 30, 2009

If you are in the process of buying a new primary residence or second home, or considering refinancing a loan, a new set of federal consumer protection rules taking effect on July

Making Home Affordable expanded again - borrowers allowed to refinance loans up to 125 percent of value

When the Obama administration first announced the details of the Making Home Affordable program in March, the guidelines for the refinance portion stated that the loan refinanced c

Are the new home appraisal rules good for consumers?

On May 1st a new set of home appraisal rules called the Home Valuation Code of Conduct was put into effect by Fannie Mae and Freddie Mac in order to distance realtors and mortgage

$8000 housing tax credit can now be turned into cash at closing according to FHA

As part of the Obama stimulus plan passed in January, first time home buyers in 2009 are entitled to a tax credit of up to $8000 that they do not have to repay. This tax credit was

Need cheap or free construction materials? Go to a demolished housing development.

Amidst the financial crisis, many home builders around the country have run out of financing. Last week a bank decided to completely level 16 completed and partially built homes i

Should you skip a mortgage payment to get a bank's attention?

The Obama administration announced a foreclosure prevention and mortgage reduction program about two months ago, and as of April less than 1000 loans have been refinanced under th

Details of Obama's mortgage plan released - Will you benefit?

Today the Obama administration officially released the final details of the mortgage plan that was announced a few weeks ago. Here is a quick summary on what is in the plan and h

Will 4.5% mortgage rates jumpstart the housing market?

It seems like everyday the folks in Washington are rolling out a new plan to fix our economy. The Federal Reserve is running out of room to cut their federal funds rate, so now th

Why invest in the stock market?

The conventional reason for investing in the stock market--perhaps offered with a bit less confidence now that we're in the midst of a stock market crash--is, "It offers higher ret

Root cause of the financial crisis

Several times recently, Treasury Secretary Paulson (and many others) have claimed that the "root cause" of the current financial crisis is "the housing correction." This is comple

Seller concessions and buyer bargains - What to ask for in the current real estate market.

It is currently a buyer's market for real estate in most of the United States and there are many ways a buyer could negotiate for a deal beyond getting a great price. Here are som

Real Estate Appraisals - Ten things most people just don't understand about them

The homeowner wants to make the sale. The broker wants to make the commission. The lender wants to make the loan. It'd be nice to see all these folks made happy, but first... th

Are $1 homes worth buying?

This week a story from The Detroit News reported that homes are being listed in Detroit for $1. One particular $1 home sold for cash after being on the market for 19 days. The buye

The Benefits of a Walkable Neighborhood

Are you able to walk to your daily necessities from where you live? Or do you drive everywhere? Discover how walkable your neighborhood is and see if you can use your car less.