Comments on: The Clock is Ticking on the Real Estate Trifecta http://eastsiderealestatebuzz.com/2010-home-buyer-tax-credit/the-clock-is-ticking-on-the-real-estate-trifecta/ Just another Virtual Results Sites site Wed, 08 Feb 2012 04:07:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Hot Sales Price of the Week for Kirkland Home Sales, 1-27-10 « Kirkland Highlands Real Estate Buzz http://eastsiderealestatebuzz.com/2010-home-buyer-tax-credit/the-clock-is-ticking-on-the-real-estate-trifecta/#comment-445 Hot Sales Price of the Week for Kirkland Home Sales, 1-27-10 « Kirkland Highlands Real Estate Buzz Fri, 29 Jan 2010 16:41:07 +0000 http://eastsiderealestatebuzz.com/?p=4738#comment-445 [...] this may very well be the best time in 2010 to sell your Kirkland home.  I’m calling this the real estate trifecta, something every home seller and buyer can benefit from as the odds are more in favor of a stronger [...] [...] this may very well be the best time in 2010 to sell your Kirkland home.  I’m calling this the real estate trifecta, something every home seller and buyer can benefit from as the odds are more in favor of a stronger [...]

]]> By: Debra Sinick http://eastsiderealestatebuzz.com/2010-home-buyer-tax-credit/the-clock-is-ticking-on-the-real-estate-trifecta/#comment-444 Debra Sinick Wed, 27 Jan 2010 23:14:01 +0000 http://eastsiderealestatebuzz.com/?p=4738#comment-444 Postscript: Proposed FHA changes from Steve Tedrow at Windermere Mortgage: FHA upfront mortgage insurance premium will be increased from 1.75% to 2.25% for new case assignments issued on/after 4/5/2010. The case assignment is issued when the appraisal is ordered. On a $400,000 loan, this additional .50% financed amount would increase a borrower's payment by $11 per month. We believe they will not change the monthly mortgage insurance premium. Effective 2/1/2010, HUD is temporarily lifting their 90 day ownership rule which was designed to avoid property flipping. This will allow quicker resale of foreclosures. FHA will reduce the maximum seller contribution from 6% down to 3%. It is speculated that this will not take effect until late spring/summer of this year. FHA Spot Approvals will no longer be available for case assignments issued on/after 2/1/2010. More foreclosures should be hitting the real estate market later this year. http://realestate.yahoo.com/promo/5-markets-expected-to-fare-best-in-2010.html Postscript:

Proposed FHA changes from Steve Tedrow at Windermere Mortgage:

FHA upfront mortgage insurance premium will be increased from 1.75% to 2.25% for new case assignments issued on/after 4/5/2010. The case assignment is issued when the appraisal is ordered.

On a $400,000 loan, this additional .50% financed amount would increase a borrower’s payment by $11 per month. We believe they will not change the monthly mortgage insurance premium.

Effective 2/1/2010, HUD is temporarily lifting their 90 day ownership rule which was designed to avoid property flipping. This will allow quicker resale of foreclosures.

FHA will reduce the maximum seller contribution from 6% down to 3%. It is speculated that this will not take effect until late spring/summer of this year.

FHA Spot Approvals will no longer be available for case assignments issued on/after 2/1/2010.

More foreclosures should be hitting the real estate market later this year.

http://realestate.yahoo.com/promo/5-markets-expected-to-fare-best-in-2010.html

]]> By: Weekly Real Estate Buzz in Redmond, Near Microsoft, 1-26-10 « West Redmond Real Estate Buzz http://eastsiderealestatebuzz.com/2010-home-buyer-tax-credit/the-clock-is-ticking-on-the-real-estate-trifecta/#comment-443 Weekly Real Estate Buzz in Redmond, Near Microsoft, 1-26-10 « West Redmond Real Estate Buzz Wed, 27 Jan 2010 23:01:07 +0000 http://eastsiderealestatebuzz.com/?p=4738#comment-443 [...] good news is the Seattle-Eastside real estate market has a lot on its side right now.  I call it the real estate trifecta, although maybe it should be whatever the “five”fecta would be called.  There are [...] [...] good news is the Seattle-Eastside real estate market has a lot on its side right now.  I call it the real estate trifecta, although maybe it should be whatever the “five”fecta would be called.  There are [...]

]]> By: Debra Sinick http://eastsiderealestatebuzz.com/2010-home-buyer-tax-credit/the-clock-is-ticking-on-the-real-estate-trifecta/#comment-442 Debra Sinick Mon, 25 Jan 2010 21:29:14 +0000 http://eastsiderealestatebuzz.com/?p=4738#comment-442 Thanks for your thoughts. I probably should have said real estate quadfecta, is there such a thing? Yes, more changes coming in FHA financing, which means we know we have now and we should run with it. Thanks for your thoughts. I probably should have said real estate quadfecta, is there such a thing? Yes, more changes coming in FHA financing, which means we know we have now and we should run with it.

]]> By: AwarenessHomeFunding http://eastsiderealestatebuzz.com/2010-home-buyer-tax-credit/the-clock-is-ticking-on-the-real-estate-trifecta/#comment-441 AwarenessHomeFunding Mon, 25 Jan 2010 21:04:14 +0000 http://eastsiderealestatebuzz.com/?p=4738#comment-441 We are finding the same thing - now is the time to buy. This is especially true with the upcoming changes from FHA. Know your client, know your market, do your homework, take advantage of the savings while you can. We are finding the same thing – now is the time to buy. This is especially true with the upcoming changes from FHA. Know your client, know your market, do your homework, take advantage of the savings while you can.

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