January 2010 
There are 300 blog entries for January 2010.
New Release About Buying Fannie Mae Foreclosure Homes
Saturday, January 30th, 2010 at 5:37pm. 504 Views, 0 Comments.
Fannie Mae Announces 3.5 Percent Seller Assistance on HomePath® Properties
Incentive Part of Ongoing Effort to Stabilize Neighborhoods
Fannie Mae announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who closes on the purchase of a property before May 1, 2010.
"Attracting qualified buyers to the market and reducing the inventory of vacant homes is critical to stabilizing neighborhoods and helping the market recover. Many families are taking advantage of the federal homebuyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional…
City of Azle Tx
Saturday, January 30th, 2010 at 8:31am. 304 Views, 0 Comments.
If you are looking for homes with a little or a lot of land around them, you may want to check out the Azle area.
It is located off state hwy. 199 about 16 miles from downtown Fort Worth. The town is broke up within 3 different counties (Tarrant, Parker and and a little of Wise)
Azle was named with loving memory after Doctor James Azle Steward. The town was recorded as a settlement in the early 1800"s but did not get their official first post office till 1881.
In the early days the area was mostly agrieulture but starting in the 1930s so many farms were sold and devided up to allow the new housing developments that we see a lot of today.
Starting out with just a handfull of people and now there are over 8,000 people living in the new Azle that we know…
Haslet Texas small town, big heart
Saturday, January 23rd, 2010 at 8:11am. 502 Views, 0 Comments.
Welcome to Haslet Texas, population is about 1,350, it is located about 16 miles northwest of Fort Worth off farm road 156. Haslet was settled in the 1880s and has, for the most part, remained small. The town itself only takes up about 7.5 miles.
If you are seeking out a small town atmosphere with friendly people but also want to be close enough to the big city so you can enjoy all their amenities, you don't want to miss checking out this great little town.
Along with the small town atmosphere, the things that attract people to this area is the good quality of life and a safe place to raise their children.
As a Realtor, I talk to a lot of people and one of the most important things asked when looking for a new home is the schools and this area has one of the…
FHA Changes to Come....
Wednesday, January 20th, 2010 at 6:06pm. 398 Views, 2 Comments.
FHA is making changes in order to sustain the increased exposure they've experienced due to the "SUB-PRIME" collapse. After all FHA is technically "SUB-PRIME"...
First they are increasing the "UP-FRONT" MIP factor to 2.25% - most of the people attaining FHA loans will not even bat an eye at this increase. The savy will not like and may choose to explore conventional alternatives but more often than not will probably go unnoticed by most.
Second, also not that important to most FHA is imposing a minimum credit score of 580 for 3.5% financing - more often than not lenders have already imposed a 620 minimum. Those that haven't require so much paperwork and drag out the process that it's almost not worth it anyway.
Third (THE MOST IMPORTANT PART), limiting the…
Changes are Coming to FHA Loans Act Fast - Now is the Time to Buy a Home.
Wednesday, January 20th, 2010 at 2:18pm. 1221 Views, 0 Comments.
Understanding FHA Guidelines & Changes Coming Down the Pipeline.
· Seller can pay up to 6% of sales price of
reasonable buyer's closing cost PROVIDED that the buyer has at least
their 3.5% into the loan. Per HUD, this will change to 3% seller
contribution in the next few of months requiring the buyer to have more
money to purchase.
· Loan amount can go up to $271,050 in
Dallas/FW (sales price of $280880 with 3.5% down). We are still hearing
rumblings of the down payment requirement to be changed to 5%- however,
nothing has been put in writing yet of the down payment increase.
·
Monthly MIP is .55 of loan; Upfront MIP is 1.75%. This will change in
the next couple of months to 2.25% Upfront Mortgage Insurance Premium.
Again we are still hearing…
