January 2012
FHA waives anti-flipping rule
The Federal Housing Administration (FHA) is extending the temporary waiver of its property anti-flipping rule through the end of 2012. FHA rules typically prohibit insuring a mortgage on a home owned by the seller for less than 90 days. In 2010, however, the agency waived this regulation, and later extended the waiver through 2011
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How long do I have to wait after bankruptcy to buy a house.
One question I’ve often received has to do with how long you’ll need to wait after a bankruptcy before you can purchase a new home. First, it’s important to understand that there isn’t any restriction on buying a home after bankruptcy, just on getting a home loan after a bankruptcy. You certainly are free to purchase a home, you’ll just need to find a very flexible lender
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Home Prices Down in 2011
While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital.
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Ten TAX tips for individuals
selling their home
The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home
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Freddie Mac extends forbearance for unemployed homeowners
Freddie Mac announced Friday an extension in forbearance for unemployed borrowers. Some unemployed homeowners may now receive up to 12 months forbearance.
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Mortgage modification scames make top ten scam list for 2011
Mortgage modification scams made the list of “Top Ten Scams of 2011,” assembled by the Better Business Bureau (BBB) Wednesday
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30 year fixed rate matches all time low
Fixed mortgage rates started the year at or near their all-time record lows, according to market data published by Freddie Mac Thursday.
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