Archive for Indiana Realtor News
What is this Guy Thinking ?
H.A.R.P. was put into law last year by our President Obama. It was placed into law so that people could Refinance there mortgage up to 125% of the current value of there home. Our President told us that this would allow people to refinance there mortgage that was underwater due to the value.
However, here is the problem. [...]
Fannie: Buybacks Happen for a Reason
Fannie Mae said Friday that many mortgage lenders are not complying with the most basic underwriting guidelines, such as confirming a borrower’s identity or verifying a Social Security number. Marianne Sullivan, a senior vice president and Fannie’s chief risk officer, sent a nine-page letter to lenders announcing a “Loan Quality Initiative” to ensure that loans [...]
NAR Issues Brochure Explaining the New Short Sales Program (HAFA)
NAR has issued a new brochure to help members understand the new Home Affordable Foreclosure Avoidance Program (HAFA) that takes effect on or before April 5, 2010. The purpose of the program is to help homeowners, who are unable to retain their homes under the Home Affordable Modification Program (HAMP), avoid [...]
Tax incentives, favorable buying climate propel first-time home purchases
Local buyers get first home at younger age and for a lower price – with less household income than national counterparts
Indianapolis — Central Indiana consumers are satisfied with the timing of their home purchase, according to the Metropolitan Indianapolis Board of REALTORS® (MIBOR).
The findings emerged from the 2009 Profile of [...]
The Next Bubble to Burst in the Housing Market is Only a Few Months Away
Report by the Government last week warns of new bubble. Much of Barofsky’s (special inspector general for the TARP) report to Congress, focused on the government’s growing role in the housing market, which he said has increased the risk of another housing bubble.
Over the past year, the federal government has spent hundreds of billions propping [...]
Indiana has Good News….US has Bad
Indianapolis – Sales of existing homes fell 4.3 percent in the nine-county metro area in December compared with a year ago, says a preliminary analysis of Realtor-tracked sales by F.C. Tucker Co. For the full year, sales dropped 3.7 percent, to 23,830. The average sale price slipped 2.9 percent from 2008, to $139,212. About a [...]
Still time to take advantage of tax credit with Indiana Mortgages
You’ve probably heard about the $8,000 tax credit for first-time homebuyers and that the deadline was extended. But what does it mean, and more important, can you take advantage of it?
There’s still time to get an $8,000 bonus on your dream home. The credit, originally scheduled to expire in 2009, has [...]
Mold & The Indiana Sales Disclosure
The issue of mold in homes and building has been the focus of much attention and discussion by the media, buyers and sellers, and real estate professionals. While there is much information available on the topic, there are still many unanswered questions concerning what constitutes acceptable levels of mold in the [...]
Indianapolis’s office, industrial vacancy rates climbed in 2009
By Jeff Swiatek
jeff.swiatek@indystar.com
The past year brought more empty space to office and industrial buildings in the Indianapolis mortgage area.
Downtown office buildings fared the worst, with the vacancy rate jumping to 18 percent in December from 15 percent a year earlier. That’s the highest vacancy rate for the Downtown office market since late 1994, according [...]
Construction Loans for Indiana Mortgages
It is hard to find but now we have them. “Construction Loans” for Indiana Mortgages.
This is a two time close process. We will provide a construction loan and when the construction is complete we will close on the end loan. Loan amounts from $75,000 to $2,000,0000. Loan to value up to 90%. We can provide [...]