Two weeks ago, Fannie Mae announced a Deed for Lease Program, otherwise known as DL4 for homeowners who are facing foreclosure and do not qualify for a traditional loan modification or Obama’s Making Homes Affordable Plan, which was enacted in February 2009. DL4 is somewhat antithetical to what we know to be true about banks. [...]
Continue Reading →First Time Homebuyers and Repeat Buyers Home Tax Credit of 2010
Last week, the president signed a bill that included a new tax credit for both first-time and repeat homebuyers. The new tax credit is an improvement over the previous version, which was only available to first-time buyers and was set to expire on Nov. [...]
Continue Reading →Just Sold Union County NJ October 2009: Median List and Sales Price for individual towns. Use this information as a quick snap shot of what your home may be worth. For a no obligation, free, near instant, email home assessment, please click here. Fill out the form with your property details and we [...]
Continue Reading →More and more real estate agents are utilizing social networking sites like Twitter and Facebook to educate, promote and connect and prospect for new clients. Facebook for business professionals i.e. LinkedIn jumped into the Twitter mania and announced their sealed partnership with Twitter, yesterday Tuesday, Nov 10th. LinkedIn will now let users sync their accounts, [...]
Continue Reading →I don’t qualify for loan modification, now what? On November 5, Fannie Mae announced its new Deed-for-Lease Program (D4L) that allows eligible borrowers facing foreclosure (or their tenants) to stay in their primary residences.
Under D4L, the borrower transfers ownership of the property to the lender through a deed-in-lieu of foreclosure and the borrower (or [...]
Continue Reading →How much are consumers spending on credit monitoring service? A whooping $700 Million.
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