Phoenix Real Estate Professional
My Posts/Listings
HVCC Call to Action – This Affects You Too! – PLEASE READ
I am blogging this with some new information as a reminder that we need to be diligent if we are going to get rid of HVCC and start actually helping our housing market recover! Take the time and email your elected officials again and again and let them know that the HVCC is KILLING our industry! Statistics from National Association of Realtors (NAR): “Existing-home sales – including... [Read more]
Tax Credit Being Used For Down Payment
Tax Credit Being Used For Down Payment Quick update on the $8,000 FHA Tax Credit Loans for down payment- the offer is off the table, for now, they took info off of the website. Now HUD has pulled/rescinded their Mortgagee Letter 9-15 which allowed tax credit loans. They are apparently analyzing the issues with it. “IMPORTANT REMINDER: Just because HUD or any other source puts... [Read more]
Washington Report: Appraisal System
I’ve warned of this before and so it begins…Higher appraisal costs are already here. Be sure to explain to your buyers that this increased cost and the required up front payment for services not yet rendered will probably be required on most all of your purchases. And this is NOT an added cost that lenders are just arbitrarily adding to their GFEs. Our elected officials have found yet another... [Read more]