Real Estate Finance & Financial Info

Short Sales are the Answer! But What Was the Question Again?

I was reading an article on CNN Money.com today titled “How to rescue the housing market: Foreclosures!”.   Not a great title I would say and more importantly in my opinion not a great concept at all. The gist of the article is that the government needs to reverse the policies…Read More

Again, Zillow Ranks Lancaster PA one of the Best Places to Buy a Home Right Now!

Welcome Back Readers! Once again Zillow.com  has ranked Lancaster County as one of the best places to buy a home right now!   As reported on Forbes.com yesterday, due to “affordability, as measured by home price to income ratios; the unemployment picture (both the absolute figure and how it’s trending over time); the foreclosure…Read More

Help with Foreclosure in Lancaster Pa, Foreclosures Rising

Welcome Back Readers.  Today we are touching on a timely topic for many.  Foreclosure.  Timely for many, as an article about it in today’s paper was titled “Record number losing homes”.  Ouch.  Record number.  The article cites 2010 Lancaster County Pa Foreclosure filings as setting a new record at 1,334.  This is an increase…Read More

Home Buyer Incentives for Lancaster Pa Homes for Sale

Welcome Back Readers!   Today we’re talking about Buyer Incentives.  You’ve seen them, buy this house and seller will pay selling agent bonus, seller will include new Cadillac, enter contest to win a Cruise to Bahamas.  Now, not many sellers have been offering these types of incentives in Lancaster, but in…Read More

Is There a National Real Estate Transfer Tax On All Homes Sold After 2012?

Welcome Back Readers!  Thanks for stopping by again!  There’s alot of emails that circulate during an election year, one of the most common ones this year relates to a real estate is that the federal health care legislation (affectionately called Obama-care) passed in March 2010 contains a 4.0% transfer tax on all…Read More

Help with Foreclosure

Welcome Back Readers!   Thanks for stopping by again, I just wanted to take a minute and let you know about a new website from Fannie Mae.  The site, www.KnowYourOptions.com is full of great information regarding forclosure and as the title would suggest, what your options are.  Check it out and if…Read More

10 Simple Steps to Buying a Lancaster County PA Home

Welcome Back Readers!  Ok, so you’ve decided to buy a house.  What do you need to do?  How does the process work? I’m going to give you a simple 10 step approach to buying a home “the right way”.

Is it the right time to buy a house?

To buy a house or not to a buy a house, that is the question.   It’s a big decision, some would say due to the huge impact it can have on your lives it’s the biggets decision you’ve ever made.  Some people will tell you to buy a house right…Read More

Craigslist Rental Scams

Welcome Back Readers!  Thanks for stopping by, I wanted to pass on a little info about a scam that has been happening across the internet, as always if something sounds to good to be true it probably is. If you think Nigerian Bankers are the only ones out there scamming…Read More

Fannie Mae EXTENDS Popular Closing Cost Assistance Program!

Welcome Back Readers!  It’s been a hugely busy month for me in real estate, with the end of the Federal Tax Credit for Homebuyers the Lancaster County real estate market has warmed up with the spring!  Even as we close the door on the tax credit, there are many, many other…Read More

Did You Know That We Can Blame it All on Snow?

Welcome Back Readers!  Or should I say viewers?  This is the first of many video blog posts on www.TheLancasterConnection.com .  I’m excited about being able to bring you this content in a way that is relevant and timely but don’t worry, there will be more than just video posts to keep you up to…Read More

A FEW FORECLOSURE SOLUTIONS SIMPLIFIED, HELP FOR DISTRESSED HOMEOWNERS IN PA

Welcome Back Readers!   I wrote this article a little over a year ago and thought it would be worthwhile to refresh it and repost.  Why?  Well, here in Lancaster Pennsylvania we are in much better shape than many other areas, we do not have, and should not expect, a flood of…Read More

Fannie Mae Offers Closing Cost Assistance and Appliance Incentive

Welcome Back Readers!   It’s been a busy month in real estate, so many things happening both locally and nationally it seems everyday there is something new!  That’s actually the becoming the normal state of affairs nowadays and I don’t mind as it gives me lots of things to write about!…Read More

The Trouble with Tribbles or Why Loan Modifications are Failing to Solve the Foreclosure Problem

Welcome Back Readers!  I put up a post the yesterday about how FHA has recently changed their policies to allow loan modifications for qualifying borrowers before they miss a payment .  This is a great policy and I sincerely hope it will help more people stay in their homes.  The problem though…Read More

FHA Allows for Loan Modifications for Homeowners Who Haven’t Yet Missed a Payment

Welcome Back Readers!  It was a busy week last week in the real estate world, the Lancaster County PA Real Estate Market is moving quickly.  I apologize for the shortage of posts recently due to this but you can expect a little more consistency in the coming weeks.  I wanted to start…Read More

Did FHA Just Throw First Time Buyers in Front of the Bus for a PR Gain?

 Welcome Back Readers!  I apologize in advance for the negative tone of this post, but it is information that people who plan on buying this year need to have.  Let me start with this:  There are many solutions available to FHA’s problems, and there are other programs that allow cash poor…Read More

It Isn’t a Question of “If” Waiting Will Cost You, but Rather “How Much?”

Waiting.  Sometimes a wise strategy, sometimes a foolish one.  When it comes to home buying, waiting will surely cost you.  There are a number of reasons why, but before I go into that, let’s get one thing clear…. if you aren’t in a positions to buy, if you truly can’t afford…Read More

HUD Secretary Donovan woke up this morning and got himself a gun……

… and he plans to use it to take out the US Housing Market! I know, very dramatic.  Maybe even a little uncalled for.  On the other hand, there is really no other way to describe how potentially dangerous the policy changes that  HUD Secretary Donovan is proposing this week. …Read More

The numbers are in and they’re…… not that bad!

I know, I know, not the most inspiring title but seriously, when we look at market statistics in today’s ecnomy not that bad is pretty darn good!  Read on to find out more!

It’s Back! PHFA Allows Buyers to use the First Time/Repeat Buyer Tax Credit to Close!

It’s official!  Today, Pennsylvania Housing Finance Agency (PHFA) announced that it has allocated funding in the amount of $5,000,000 for the continuation of their Tax Credit Advance (TCA) program!   This is a limited time offer, so take note, once they run out of money it will be too late, so you need…Read More

A Whole New World – Why the New and Expanded Tax Credit May Save the US Economy!

This past Friday, President Obama signed into law H.R. 3548.  This bill, at it’s heart a bill to extend unemployment benefits {which, by the way, is being completely overlooked as the critical step it was to help the unemployed workers in this country, but that’s a topic for another day (see, I’m…Read More

Home Buyer Tax Credit Passes House 403-12!

With a quick and resounding “Yes” vote, the House today passed HR3548, extending and expanding the Home Buyer Tax Credit!  All we need now is for President Obama to sign the bill into law!

Home Buyer Tax Credit Passes Senate 98-0!

The Senate voted today 98-0 to pass the HR 3548.  HR 3548 is a bill  that extends unemployment benefits for an additional 20 weeks and contains an amendment that extends the existing $8,000 First Time Buyer Tax Credit and adding a tax credit for Move Up buyers!

Recording your documents will cost you more starting December 2009

Fees.  It’s an interesting word and many people don’t know just how many fees are involved in a real estate transaction.  Lender fees, title fees, inspection fees, notary fees, administrative fees, recording fees, if you’ve ever looked at a settlement sheet you’d be amazed at just how many there are. …Read More

Extending the Home Buyer Tax Credit – So Close, Yet So Far Away

Here is the headline from the AP Story that ran yesterday “Senators agree to extend homebuyer tax credit”.  Look spretty good, doesn’t it?  Reading that, you would think we were in the clear, tax credits for everyone!   Well, I hate to rain on everyone’s parade, but we still have a long…Read More

Senate Voting today on amendment to extend the $8,000 First Time Buyer Tax Credit

According to a quick release from The National Association of Realtors today, the Senate is voting on an amendment to Extend Unemployment Insurance Benefits.  In this bill, there is an amendment titled “Dodd-Lieberman-Isakson Amendment to Extend and Expand the $8,000 First Time Homebuyer Tax Credit”.  

Tax credit hoops? What hoops?

I saw an article posted on Rismedia the other day (http://rismedia.com/2009-10-15/8000-tax-credits-hoops-frustrate-house-hunters/) that was picked up from the Orlando Sentinel.  The reporter (Mary Shanklin) titled the article “$8,000 Tax Credit’s Hoops Frustrate House Hunters”.  She wrote a nice article about the challenges some people are facing in today’s market, concise and well…Read More

Using The 99 Cent Effect to Sell Your Home Faster

The 99 Cent effect, maybe you’ve heard of it, maybe not, but did you ever wonder why prices end in 99?  Turns out there is a proven psychological effect (dating all the way back to 1800’s) with prices that end in 9.  Researchers at the Rutgers School of Business found…Read More

HOUSE VOTES 416 – 0 IN FAVOR OF EXTENDING FIRST TIME HOME BUYER TAX CREDIT FOR ARMED SERVICE MEMBERS

The House of representatives passed a bill 3590 on October 8, 2009 that: “…. Amends the Internal Revenue Code to: (1) exempt members of the uniformed services, the Foreign Service, and employees of the intelligence community on official extended duty service from the recapture requirements of the first-time homebuyer tax…Read More

STRATEGIC DEFAULTS – RIGHT OR WRONG?

A recent article by Ken Harney at the LA Times cited a study done by Experian (one of the 3 major credit reporting bureaus) that highlighted some very interesting information about foreclosures.  Think foreclosures only happen to people with bad credit?  Think again! Traditional thinking indicates that foreclosures happen to…Read More

HANDS OFF THE TIL!

Recently, some changes were made to Regulation Z and RESPA that affect lenders and their requirements to disclose fees for their services and the total cost of the loan. The changes affect specifically how lenders are required to deliver the Truth in Lending (TIL) statement and what they are/are not…Read More

DOING YOUR PART TO HELP HOUSING RECOVERY

The National Association of REALTORS® (NAR) is asking its 1.2 million members to write to Congress to extend the successful homebuyer tax credit into next year.  NAR has a great system email system to reach all of it’s members allowing massive responses to these “Call to Actions”.  According to realtor.org,…Read More

2009 HOUSING OPPORTUNITY PULSE SURVEY

Survey Reveals Downpayment, Closing Costs Still Greatest Obstacles to Homeownership, NAR Survey Shows (article republished from www.Realtor.org) NAR’s seventh pulse survey reveals that despite improved affordability conditions, eight in 10 Americans still consider having enough money for downpayment and closing costs to be the biggest obstacle to buying a home. The…Read More

CONSUMERS WERE TOO OPTIMISTIC? REALLY?

The last few years have brought some significant changes to the real estate world.  If you’ve been watching the media coverage, by now you probably think there was only one possible cause to this mess….. the evil mortgage companies taking advantage of consumers! Well, a recent study (yes, apparently they…Read More

WEICHERT FINANCIAL PROVIDES ACCESS TO THE FIRST TIME BUYER TAX CREDIT BEFORE SETTLEMENT TO USE AS CLOSING COST $$

Weichert Financial is pleased to announce the release of the Pennsylvania Housing Finance Agency’s Tax Credit Advance Loan Program (TCA) now available throughout Pennsylvania.  TCA provides an interest free loan of up to $6,000 (for newly constructed homes and $5,000 for existing homes, with a minimum loan amount of $500)…Read More

PENDING HOME SALES RISE FOR THE 4TH STRAIGHT MONTH

Lawrence Yun explains the numbers here: As always, you can call me Direct at 717-371-0557 or at the Office 717-490-8999, email me atJason@JasonsHomes.com or send me a text message using the tool to the right of this post! Your Friend in Real Estate, Jason Search for Lancaster County Homes for…Read More

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

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

PUTTING YESTERDAY’S HEADLINES INTO PERSPECTIVE

Amidst all the excitement over the end of 2008, the local paper published some articles that you may not have seen.  Well, alright, you probably saw them, 2 of them were pretty big headlines, at the top of the page.  The morning paper had the headline “Jobless rate here hits 5%,…Read More

NEW MORTGAGE RULES TO PROTECT CONSUMERS IN PENNSYLVANIA

Check out the press release from the Department of Banking I posted below.  Great changes, putting things into law that should always have been there, hopefully this puts an end to the predatory lending practices that the recent licensing law changes may have missed. If you’d like to read the complete Code…Read More

CALIFORNIA DOES IT AGAIN!

I came across some interesting info the other day on realtor.com.  They republished some info from Zillow that showed the Top Ten Areas where home prices have either Decreased or Increased.  Here is the break down: Top 10 Increases Ithaca, NY                     +5.6% State College, PA          +4% Jacksonville, NC            +3.9% Winston-Salem, NC     …Read More