If you answered yes to this question or if your are approaching the 3 year mark post short sale this information if for you. If you closed a short sale and it has been 3 years you may be eligible to purchase another home using FHA or conventional financing. Hopefully you have gotten back on [...]
Monday, November 22, 2010
I don’t think there is anyone out there who would not agree that the real estate market in the Reno-Sparks area, and in many other areas around the country, has been hard hit over the past several years. We have all seen our property values decline pretty significantly. Many folks are struggling to find jobs. [...]
Wednesday, November 3, 2010
Buyers shopping for a home in the Reno-Sparks area are likely to encounter a large number of short sale properties for sale. Some of these short sales are advertised as “pre-approved” meaning that the seller’s lien holder has already approved the short sale. Buyers should be careful here as the term “pre-approved” is often used [...]
Friday, October 16, 2009
The deadline is quickly approaching for buyers who want to take advantage of the $8,000 First Time Home Buyer Tax Credit. Buyers must close escrow on or before November 30th. Many buyers are still anxiously hoping to close in time for the credit. There are currently about 1890 pending sales in the Reno-Sparks area for [...]
Wednesday, May 13, 2009
Word on the street is that home mortgages are hard to get and that banks aren’t lending. Certainly lending criteria has gotten more strict, but banks are lending. In Sparks/Spanish Springs since January 1, 2009 here is how buyers purchased their homes: Cash 17.04% Conventional Loans 34.92% FHA 41.99% VA 5.19% Miscellaneous .41% Owner Financing .41 [...]
Monday, March 30, 2009
Did you know that if you are a first time buyer (or anyone who hasn’t had a mortgage in the past 3 years) you can buy a house now and get your tax credit now? Here’s how it works…Eligible homebuyers who purchase between January 1, 2009 and December 1, 2009 can treat the purchase as [...]
Saturday, January 10, 2009
You may have heard the term short sale out there in reference to a home that might be for sale. What is a short sale? A short sale is a transaction in which the seller owes more on the property than its current market value. The “short” refers to the fact that the seller has [...]
Tuesday, July 12, 2011
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