Mortgage bankers open to rewrite of homeowner tax breaks

23 Oct

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Mortgage bankers open to rewrite of homeowner tax breaks WASHINGTON – Oct. 13, 2017 – The Mortgage Bankers Association (MBA) says it is open to a rewrite of homeowner tax breaks as part of a broader reform package. The MBA position comes days after the National Association of Home Builders endorsed changes to the mortgage... Read more »

Hurricanes push mortgage delinquencies higher

20 Oct

Herold

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Hurricanes push mortgage delinquencies higher NEW YORK – Oct. 20, 2017 – One-month delinquency on mortgages soared nearly a half-percentage point last month driven by deterioration in states impacted by the recent hurricanes. Single-family loans that were either delinquent at least 30 days or in the foreclosure inventory numbered 2.603 million as of Sept. 30.... Read more »

How to buy the last house you’ll ever buy

18 Oct

Herold

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Would you like to buy the last house you’ll ever buy My husband and I bought what we thought was a starter home 20 years ago. Now we think of it as our “forever” home, where we plan to retire and live out the rest of our days. We got lucky, because most of the features... Read more »

What are the best ways to avoid legal problems

17 Oct

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8 ways to avoid legal problems By Richard Westlund Oct. 16, 2017 – It’s easy to get into legal trouble today. A buyer might claim that you misrepresented the property or failed to recommend a home inspection. A seller might complain about a poorly worded phrase in the sales contract or a discrepancy in the... Read more »

Rents statistically more affordable as renters get richer

16 Oct

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Rents statistically more affordable as renters get richer NEW YORK – Oct. 13, 2017 – Following the Great Recession, the cost of rental housing took a growing bite out of U.S. household budgets, as increasing demand for rental units pushed up prices. Now the share of households considered burdened by high rents is falling, according... Read more »

Trump’s healthcare order excludes independent contractors

16 Oct

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Trump’s healthcare order excludes independent contractors WASHINGTON – Oct. 13, 2017 – President Donald Trump signed an executive order Thursday to get the ball rolling on the creation of association healthcare plans. It’s intended to help small employers access more affordable health insurance coverage for their employees. According to the National Association of Realtors® (NAR), the... Read more »

There is no single way to handle multiple offers

13 Oct

Herold

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Is there different ways to handle multiple offers? Oct. 16, 2017 – You’ve got a great listing. It’s a hot property, reasonably priced, and you expect lots of interest in the home. The day after an open house, you get confirmation that you were right: Your seller has received three offers. What happens now? First,... Read more »

How would tax plan alter mortgage interest deduction?

12 Oct

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Tax plan alter mortgage interest deduction WASHINGTON (AP) – Oct. 11, 2017 – Each year, taxpayers subsidize America’s homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco. The subsidy for homeowners comes in the... Read more »

Lawmakers target seller-financed homes

10 Oct

Herold

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Lawmakers target seller-financed homes Seller-financed deals are coming under increased scrutiny. Seller-financed deals are coming under increased scrutiny. The Consumer Financial Protection Bureau (CFPB) is investigating some larger investors that offer seller financing in real estate deals. It’s accusing them of abusing the practice by evicting buyers for missing just a single payment or selling... Read more »

Fla. host state agreement to help displaced Puerto Ricans

09 Oct

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Fla. host-state agreement to help displaced Puerto Ricans TALLAHASSEE, Fla. – Oct. 6, 2017 – Today, Governor Rick Scott announced that the Trump Administration has approved his request to enter into a Host-State agreement with the Federal Emergency Management Agency (FEMA). The agreement approves 100 percent federal reimbursement for costs incurred by the State of... Read more »