Posts Tagged ‘FHA 203k Streamline’

Believe it or not, a first time home buyer is not necessarily someone that has not owned a home previously. A first-time homebuyer is any person who has not owned a home in the previous three years. So even if you have owned a home in the past but have not owned a home in the last three years you qualify as a first-time homebuyer. Just so you know, this is 36 months at closing, not 35 and a half. So you could qualify for the $8,000 tax credit if you purchase a home before December 1, 2009 and haven’t owned a home in three years. Read More

There is a new blog spot on the internet and it is called Neighborhood Expert Online (NEO). It is a place for people that like the place they live and have information about that area to share with others that may be interested in the local neighborhood. It is new and there aren’t a lot of members yet, but I expect it to grow substantially over the next few months as people find out about it and discover that it is a great place to share information and knowledge about local areas. I recently posted information to NEO about the Eugene/Springfield Real Estate Mortgage market to correct some misconceptions and announce some news about First Time Home Buyers. Here is that post: Read More

Foreclosures are a problem, not just for the person losing their home or for the lending institution that is now owning and marketing the home, but also for the person buying the foreclosed home. Now, I know that everyone thinks that buying a foreclosed property is the way to go in this market to be able to save a heap of money, but in reality it doesn’t work as well or as often as you might think. Read More