Bidding Wars These days across the nation and in Madison it is the time to buy. The National Association of Realtors reported in late April that the number of contracts signed to purchase previously owned homes rose in March 2012 to its highest level in two years, up...
Earlier this year the U.S. Department of Housing and Development issued the following changes to the FHA Loan Program. April 1, 2012 Changes Monthly PMI on FHA loans will be increasing by 10 basis points or 0.10 percent. This increase will affect all mortgages that...
As the web of short sales and foreclosures continues to unfold, a new twist has come into play. Investors have begun purchasing deficiency judgments ("an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to...
A common question that people ask Realtors is: "How's the market these days?" The Wisconsin Realtors Association makes available housing statistics on a quarterly basis that are very interesting to follow. You can look at stats for Dane county by clicking here (and...
There are many, many different reasons for buying (and occupying) real estate. Some common reasons are that a mortgage payment is often less than a rent payment, mortgage interest is tax deductible, real estate tends to be an appreciating asset, and the list goes on...
With more than 5 million home owners unable to make their monthly mortgage or currently in default, lending giant Fannie Mae has started to get tough on strategic default. At the end of June, Fannie Mae announced that it would no longer look the other way from...
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