RECENT BLOG POSTS
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FDIC Likely to Raise Insurance Limit As many of you have recently heard, the proposal would raise the level of insurance from $100,000 per depositor to $250,000. The latter amount is also the level at which the government recently agreed to insure money market accounts following runs on those fun...
10/03/2008
The government (Treasury, at this point), will receive warrants representing ownership stakes of 79.9 percent in each company, and is hoping that its moves will reassure nervous investors that they can continue to buy the debt of the two companies. The Treasury in turn will, also, purchase the...
09/13/2008
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Minimum Required Credit Scores (FICOS) Dropped Effective as of Monday, there are a handful of mortgage lenders that have done away with (at least momentarily) the requirement for a minimum credit score requirement. This ban of a minimum score applies to FHA Streamline Refinances and VA Interest ...
09/13/2008
What the Government Takeover of Fannie Mae and Freddie Mac Means to Housing Industry In short-term, home sales should improve as mortgage rates fall Washington, D.C. (September 8, 2008)-The federal government's takeover of secondary mortgage giants Fannie Mae and Freddie Mac should cause ...
09/13/2008
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The Real Estate Market remains sluggish as foreclosures and short sales continue to hit the market. Once these distressed properties are absorbed, the market will begin to stabilize. Stats from Jan. 2008 - June 2008 Average Home $558,000 - 139 Sales Busiest month - May / Slowest - January ...
09/01/2008
LOWEST PRICED HOME ON OVER 1+ ACRES IN SEDONA! CLASSIC SEDONA POOL HOME ON 1.5 ACRES with 3072 s.f. in the heart of Sedona, AZ. Located in Yavapino Estates this home reminds you of early elegance. Great Room with floor to ceiling windows that embrace the outdoors with fireplace. Formal Dining, M...
09/01/2008
High above West Sedona, this Southwest Style 3/2 Home has Arizona Room, Fireplace in Living Room, Spa and Rear Decks that offer front row seating to panoramic views and colorful sunsets. Street dead ends with endless hiking trails across the street. Oversized garage with Cat5 wiring. Home is lowe...
08/26/2008
LANDSCAPED - UPGRADED - SPACIOUS Southwest Style, 4/3 3360 s.f. ($177 s.f.) home in established West Sedona neighborhood. Light and open two-story home with Master Suite on main level. Fireplace in Great Room on main level and beautiful Rock Fireplace on lower level. Park-like fenced back yard wi...
08/26/2008
A tax credit-with a twist- for first-time homebuyers. The new law gives first-time homebuyers a $7,500 tax credit (or, in the unlikely event the home costs less than $75,000, a credit equal to 10% of the home's purchase price). The top credit amount is $3,750 for married persons filing separate...
08/15/2008
BankUnited to Help Ailing Home Owners' with ˜Option ARMs' Recently, BankUnited has stepped up to the plate to help struggling homeowners. The new "Mortgage Assistance Program" will allow current BankUnited ˜Option ARM' mortgage holders to pay off their mortgages in order to benefit from more sec...
08/15/2008