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House Passes FHA Reform Act to ‘Rebuild the American Dream of Homeownership’

Published on: Monday, June 14, 2010 Written by: Diana Golobay The House of Representatives today passed House Resolution (HR) 5074, the FHA Reform Act, which establishes a handful of new Federal Housing Administration (FHA) regulations and authorities. The FHA insures approved lenders against default-related losses on qualifying mortgages. In addition to strengthening the FHA’s capital base by... [Read more]

Relief for Distressed Virginia Homeowners is Available

New company buys houses from homeowners in distress Newport News, Virginia- May 29, 2010-A slumping real estate market has left many Newport News, Hampton and Norfolk homeowners who desperately need to sell their homes struggling.   “Many people have lost their jobs, taken pay cuts or simply can’t afford their mortgage anymore,” said E.J. Harris. “They are broke and on the verge of being... [Read more]

10 Questions People Need To Ask When Trying To Sell Their Home Fast

Many homeowners, for one reason or another, must sell their home quickly. There’s the possibility of the home being in probate. Perhaps a landlord is burnt out and needs to sell the home or perhaps they are tired of having the home for renters. Maybe the home is in need of major repairs and the homeowner is unable to afford the upkeep. It may be an elderly couple that needs to move into a nursing... [Read more]

Credit Scores Not Always On The Number

By Eileen Ambrose, Tribune Newspapers Everyone’s got your number — a credit score, that is — and as a savvy consumer, you might want to find out exactly what they’ve got. This three-digit number tries to predict whether you are a credit risk and can dictate the terms you get on credit cards, mortgage loans and insurance premiums. Once secret, scores are now widely pitched by companies,... [Read more]

Choosing The Right Credit Repair Company

Credit repair may seem impossible if you are buried in debt. But it is possible. Credit repair is not magic. It’s not an overnight process. It takes time. It requires efforts on your part. Credit repair is legal and permitted by law. Credit repair does not mean that your credit will be restored to perfect status. In almost all cases, you can get some improvement in your credit score. Patience is... [Read more]

How To Renovate Your Home Without Breaking The Bank

Are you in the mood to do some home renovations? Have you thought about getting your home renovated, all in the effort to get your home sold? Then you probably wonder where you can find some home renovation ideas. No doubt, you got some idea of what you are looking for but do you have the entire picture all thought out? When people decide they are ready to renovate their homes, they think of just a... [Read more]

What Is Seller Financing?

Seller financing is a transaction where the seller agrees to receive regular payments, typically monthly from the buyer instead of a lump sum payment until the agreed upon amount is paid. As in any normal sale, a down payment is negotiated between the parties. It is a simply a case of seller agreeing to lend money to the buyer to purchase and close on the property. The seller transfers the ownership... [Read more]

Discover Three Reasons To Let Investors Purchase Your Home In Hampton Roads

Everyone understands how bad of a shape the United States economy is in. After all, people who want to sell their homes are having great difficulty finding people qualified to purchase them. Few people are looking and fewer buyers are qualifying for a home loan because of the credit crisis. However, this is not so true in several Virginia cities of the Hampton Roads and Virginia Peninsula such as Chesapeake,... [Read more]

What Is A Lease Option?

Lease options were popular financing instruments in the late 1970s and early 1980s and were primarily used as a way to circumvent alienation clauses in mortgages. However today it has become one of the ways in which a person with low credit or credit problems can buy a home. A lease option is a lease contract and a purchase contract combined together. A lease gives the tenant or the renter the exclusive... [Read more]

Discover How To Get The Best Price For Your Virginia Home

The single most important factor to consider when selling a house is the home price tag: how much your house is worth. You don’t want to overprice the house because you will lose the freshness of the home’s appeal after the first two to three weeks of showings. After 21 days, demand and interest wane. On the other hand, don’t worry about pricing it too low because homes priced below... [Read more]

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