HUD: Tax Credit Can Be Used on Closing Costs

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.

Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent. Read more

Wendy Moore: Who’s Who of Australian Women…

We are so pleased to have Wendy Moore join our interview series and we are thrilled to have her join Women Building Wealth as a guest blogger! Wendy is our first international real estate correspondent!

Wendy will tell us what’s up with the market down under, what women are buying, what type of financing someone needs and how the Australian market differs from (or is similar to) other markets. Read more

Hannah Fliegel: Renowned credit restoration expert…

Looking for a straight and honest approach to credit repair with no fluff or outrageous fees? Then you need to speak with Hannah Fliegel. If you live in anywhere in the Bay Area you are sure to have heard her name as she is THE credit restoration expert.

Hannah helps women with less-than-perfect credit work to improve their credit rating by cleaning up negative items on their credit reports by challenging, inacurrate, obsolete or unverifiable information. Read more

Kim Kiyosaki: Rich woman…

Take charge of your money!
Take charge of your life!

When this world becomes an ocean, we will find the desert…

Last time I spoke about vision and the ability to see things that others don’t see. Before we all go out and get Lasik surgery, let’s talk about what needs to be seen and how that translates into wealth in real estate.

My first client ever was an investor and a funny guy. We’ll call him Bob. Actually, let me back up just a smidge. Read more

Search bank owned properties (REO)….

 Interested in buying bank owned and/or foreclosed properties. There is a lot of information you need to learn but if you want to get in the “game” quickly check out the links below.

REO & FORECLOSURE SITES
www.ocwen.com – Foreclosure Listings
www.homesales.gov/homesales/mainAction.do - Homes for sale by US Government
www.resales.usda.gov - USDA Homes For Sale Read more

Marin County Housing Stats…

Marin is an interesting market. There is 8 1/2 months worth of  of inventory on the market right now. A slight decline over the last two months but still a significant amount of inventory for buyers to choose from.  The average days on market is 95 which has been consistent since February 2008.  The median price for a home in Marin County fell between $675K and $780K for the last 5 months. Read more

CREDIT - Now we can do something about it!

We all use credit. And it’s been harder and harder to keep up a good credit score, in these times where we really need it! Congress is working on several plans to curtail the unsavory practices that credit card companies are known for. And some practices that most people are not aware of. Read more

Dear Diva…

 We have a complex situation. We need to talk to you to get your take on a  situation. Our realtor agrees because he says he has never had this scenario.

Briefly, the tenants at our rental have produced 2 lease agreements: one says the lease expires June 30, 2009 and the other says the lease expires July 31, 2009. I have the lease agreement that says June 30. The tenants are choosing the July 31 date because that better suits their schedule. Read more

Bay Area home sales continue climb…

Bay Area home sales continue climb!

The number of homes sold in the Bay Area rose for the seventh month in a row according to DataQuick. A total of 6,325 new and resale houses and condos closed escrow in the nine-county Bay Area last month. That was up 25.7 percent from 5,032 in February and up 29.1 percent from 4,898 in March 2008. Read more

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