According to the U.S. Public Interest Research Group, one in four credit reports can have an error serious enough to hurt one’s chances of getting new credit. This article from AOL Real Estate sets forth how to dispute a claim on your credit report and how to follow up with your creditors. This is especially … More Disputing Credit Report Errors.
This article issued by the Federal Reserve Board offers guidelines for those home buyers who may want to lock in their mortgage interest rate. In recent days, mortgage rates have been going up due to certain developments in our economy. Why not better understand the lock in process before calling your loan officer with this … More How to lock in your rate.
The U.S. Government is pressuring both Fannie Mae and Freddie Mac to join a program that will be run by the FHA that will allow banks that write down the principal balances of mortgages for those homeowners who are “underwater” to hand off the reduced loans to the FHA. This would help stem the tide … More Fannie and Freddie are in talks with government on mortgages.
This goal of this new legislation is to “clean up” the mess that developed based on the way business was done on Wall Street. This article from RisMedia details the relevant provisions that affect the real estate industry, which were formulated with much input from the National Association of Realtors. Click below for entire article. … More Dodd-Frank Wall Street Reform and Consumer Protection Act: Provisions Relevant to Realtors.
According to real estate author Dick Zeller “the odds in today’s marketplace to sell something overpriced are zero”. Agents should know whether they missed the market by overpricing a house within two weeks, according to Zeller. He goes on to say “agents need to be able to communicate to buyers why this is a good … More Right pricing is key to home sales.