Archive for July, 2010

The Month of June in Real Estate

Residential Real Estate Video News June 2010

July 20, 2010 at 7:42 pm Leave a comment

Reverse Mortgages

The number of homeowners taking out reverse mortgages tripled from 2005 to 2009. Is a Reverse Mortgage right for you?

Maybe, but it is a decision that needs to be carefully weighed. Here is a short video explaining some of the key positive and negative points regarding these types of loans.

July 13, 2010 at 2:03 pm Leave a comment

US 30-Year Mortgage Rates Fall to a Record 4.57%


July 8, 2010 at 6:15 pm Leave a comment

Know the difference between mortgage assistance programs

From the Star Ledger

July 8, 2010 at 2:49 pm Leave a comment

Gov. Christie and Senate Democrats agree on tax cap compromise

 Read the latest on the property tax cap.

July 6, 2010 at 2:58 pm Leave a comment

New Housing Market Analysis

New Housing Market Video

Make the Market come to You

July 3, 2010 at 10:58 pm Leave a comment

Extended deadline for home-buyer tax credit close to approval

 Home buyers tax credit amendment

The House of Representatives passed the Homebuyers Assistance and Improvement Act on Tuesday to extend the deadline for the home-buyer tax credit, which would give buyers who have purchase contracts in place three more months to close on the sale. The measure still awaits final approval in the Senate.

The deadline for closing was June 30th, and it is estimated that nealy 180,000 buyers will miss out on the $8,000 credit because they are unable to close as of midnight tonight. To have been eligible, buyers needed to have a contract in place by April 30, and that won’t change through this new extended legislation. The extension would give buyers an additional 3 months to close on their loans.

The downside to the extension is that it now opens the door for some unscrupulous parties involved to possibly back-date contracts in order to take advantage of the $8,000 first -time credit or the $6,500 repeat buyer credit.

July 1, 2010 at 1:00 am Leave a comment

July 2010
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