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Posts tagged as:

Affordable Housing

USDA Guaranteed Funding Fiscal Year 2010 Appropriated Funds

May 12, 2010
USDA Rural Housing Logo

Issuing Conditional Commitments once Appropriated Funds are Exhausted Back in business with the USDA Funding. I never even had a chance to write about it, but for weeks there were fears that “the USDA was running out of money.” Most my motivated clients were sure to close before funding would have been exhausted. But today, [...]

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The Extended First Time Home Buyer Tax Credit

January 26, 2010
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There is really not a whole lot more that needs to be said that my other article here has not already covered. Other than the dates, some changes to the income limits and the addition of the move-up buyer tax credit the 2010 credit is same. There is one advantage to those closing after November 7, 2009 that they would not have had prior — that is the Modified Adjusted Gross Income for qualifying person(s) being raised.

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USDA and Texas Veterans Land Board 2010 Update

January 23, 2010
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The #2 and #3 most visited pages here at My Denton County Real Estate are the articles that have made me the authoritative REALTOR in North Texas for USDA Rural Development Loans and the Texas Veterans Land Board. Driven by Google searches as seen here and here I felt the need to reassure visitors in 2010 interested in either of these loan programs the information written here is still valid and up-to-date.

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Buying a Bank-owned Home is “Easy”

October 11, 2009
Bank-Owned and REO Properties in Denton County

While making the rounds to other real estate agents blogs, as I often do to keep up on the market in other parts of the country, I found this hilarious and sadly very true video created by Kris Berg from The San Diego Real Estate Blog. This is evidence the shows whether it be in San Diego, California or here in Denton County Texas buying a bank owned property or REO ((Real Estate Owned Property)) it is just as frustrating.
Kris really shows the comical side of a real estate transaction that many first time home buyers, and even move-up buyers trying to take advantage of great value and bargains in the market today that is saturated with short-sale and foreclosure properties. Sad thing is, stories like this, and the frustration experienced by buyers agents and buyers alike will continue for years to come unless there is some reform with how banks manage these properties. For the record, I have a short sale I have been waiting on for 5 months now, after it closes I will be sharing that story here.

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Is a 5% Interest Rate a magic number?

September 4, 2009
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Below is a commentary from CNBC on September 3, 2007 pointing at that historically speaking when the interest rates fall below 5% the Home Buyers comes out to play, and in a big way. The Fall selling season we are entering needs this; but as this story also points out when rates drop as they did last Spring it shows an increase in mortgage applications, not necessarily people buying homes. In the Spring of 2009 a huge portion of this was done for refinancing existing loans. As of now, the re-financing rates are not as attractive as they were last Spring, and still not near new purchase rates.

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2nd Forfeited Land Sale of 2009 from the Texas VLB

September 2, 2009
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It’s that time again, the information thousands have been waiting for and dozens have already been searching for judging from my analytics. The second sale of 2009 for forfeited tracts of land from Texas Veterans Land Board. On Tuesday, October 27, 2009, once again forfeited land tracts will be made available to eligible Texas Veterans in a sealed-bid sale.

There are some new guidelines and information different than previous land sales as written about here.

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Buyer Beware: When Considering a Short-Sale and your Tax Credit

June 29, 2009
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This is a topic I have been intending to write about for several weeks — But I have been so busy working on deals with my current clients I have not been able to throw out this bit of caution to some of my readers, and hopefully soon-to-be customers. My prediction after gauging the temperament, price ranges of starter homes, and the quest for a “good deal” by first-time homebuyers is that many hoping to take advantage of this short-sale market may miss the opportunity of receiving their First Time Homebuyer Tax Credit. I have not really written or even mentioned much about short-sales on this website; simply because there are plenty of other sources, and acquiring customers who may buy a short-sale simply comes with the real estate landscape for the time being.

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