The current U.S. housing market and financial crisis have caused tremendous stress and heartache for families across America.  During times like these, there are always a certain percentage of homes of homeowners who are distressed.  According to the Mortgage Bankers Association®, as many as 1 out of 10 homes are either delinquent or in foreclosure, and unfortunately, 7 [...]

Couple says Ryan Homes misled them: Received tax credit before bought home – NBC12 News, Weather Sports, Traffic, and Programming Guide for Richmond, VA |

Couple says Ryan Homes misled them: Received tax credit before bought home – NBC12 News, Weather Sports, Traffic, and Programming Guide for Richmond, VA |.
As much as I feel for the first time home buyers trying to get a piece of the American Dream, they should have gotten a second opinion after getting advice from [...]

Weekend Interest Rates

Mortgage rates rose slightly this week as the Dow hit 10,000 for the first time in a year and oil prices continued to climb. Freddie Mac reported that the average 30 year fixed rate loan rose to 4.92% from 4.87% a week earlier. Prosperity is offering a special rate on purchase loans. Remember, Prosperity is offering [...]

Short Sales = Heartburn

In todays market more and more Sellers are taking the route of Short Sales. Definition: short sales are defined as a transaction where title transfers; where the sale price is insufficient to pay the total of all liens and costs of sale, and where the seller does not bring sufficient liquid assets to the closing [...]

Morgage rates slightly higher

Mortgage rates rose slightly this week as the Dow reached and stayed above 9000, marking its best two-week period since March 2000. In another positive for the economy, a report showed fewer American households appear to be falling behind on their debt payments. Moody’s chief economist Mark Zandi stated that he feels very confident [...]