HAVOC! OH, I APOLOGIZE, I MEANT HVCC!

Recently, the fine folks in the government implemented a new set of rules called the Home Valuation Code of Conduct (HVCC). The purpose was to protect consumers and lenders from buying or lending for over-valued properties. The problem was that in some cases, in a few areas in our nation,…Read More

VIDEOS POSTED BY STEVE HARNEY: HOW TO COUNSEL BUYERS THAT INTEREST RATES ARE A REASON TO BUY NOW

Take a few minutes to watch this excellent discussion of interest rate trends by Steve Harney of www.KeepingCurrentMatters.com .  Steve offers a well thought out and easy to understand analysis of interest rate trends and explains very simply why NOW is the time to buy and waiting for a better rate…Read More

GIVING THE FINGERPRINT: NEW POLICY RAISES PRIVACY CONCERNS – CBS2CHICAGO.COM

Check out this article, then come on back: Giving The Fingerprint: New Policy Raises Privacy Concerns – cbs2chicago.com Well, this does not really affect the world of real estate here in Lancaster, but I can’t imagine I am the only one who sees this as problematic.  Check out the link…Read More

HELP FOR OUR SERVICE MEN AND WOMEN AFFECTED BY POOR HOUSING MARKETS

The US Department of Defense, in conjunction with the Army Corps of Engineers, recently announced the Homeowner Assistance Program (HAP).  The program is designed to “assist eligible homeowners who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base…Read More

IF IT SOUNDS TO GOOD TO BE TRUE……

I was perusing some online info the other day and came across this article on the new York Daily News Site: RADIO ‘FORECLOSURE SPECIALIST’ LAVETTE BILLS HELD IN $800G MORTGAGE CON BY Melissa Grace and Edgar Sandoval DAILY NEWS STAFF WRITERS  Thursday, March 19th 2009, 10:16 PM A Bronx real…Read More

FANNIE MAE SAYS NO TO LENDERS WHO WANT TO CUT YOUR COMMISSION IN SHORT SALE SITUATIONS!

Fannie Mae released a new rule in their lender servicing guide published February 24, 2009. Part VII, Section 504.02 states: “Effective March 1, 2009, closing of preforeclosure sales may not be conditioned upon a reduction of the total commission to be paid to real estate agents to a level below…Read More