It was 4 years ago during the height of the financial crisis (exactly on November 12, 2008) that Mel and I were taking a continuing credit real estate course in which they were explaining the "new" FHA requirements that had been announced in the wake of the bank failure brought on by bad mortgages. I will never forget Mel's look as he heard that FHA was increasing the down-payment requirement from Continue Reading
Don’t Lose Your Homestead Tax Credit
ACT NOW!! DECEMBER 31, 2012 is the deadline for filing your Application for Homestead Tax Credit. It does not matter whether you have owned your house one year or twenty years. An application must be filed by the end of the calendar year. If your application is already on file and approved, you DO NOT need to reapply. It only takes a minute to check to see if you have filed and if you are Continue Reading
Post-Storm Distress Syndrome
After the storm is over, after the debris has cleared, we still need to get our sellers and buyers through settlement. Although it is November 1, I am still trying to finish off three settlements that were scheduled for the last week of October, 2012. Even though our area did not take the full brunt of Sandy, lenders and buyers are properly wary that there may be storm damage and are requiring Continue Reading
