Lemack.com

02/05/2011

Looks like San Diego Home prices are projected to rise this year!

Personal Finance, real-estate

10/14/2010

San Diego Seasonal Home Sale Slowdown Begins

10/14/2010

Foreclosure Moratorium Update

10/14/2010

National Association of Realtors discusses Bank Foreclosures

09/29/2010

Housing Tax Incentives Benefit Younger Households Most

RISMEDIA, September 29, 2010—New research from the National Association of Home Builders (NAHB) reveals that the benefits of housing-related tax deductions,

08/20/2010

California State Assembly passes SB 1178 protecting homeowners

Bill extends extending anti-deficiency protection to foreclosed homeowners

07/06/2010

Pending Home Sales Drop as Expected

RISMEDIA, July 6, 2010—Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers

06/30/2010

Housing Crisis Likely to Drag Down Credit Scores

RISMEDIA, June 30, 2010—(MCT)—For countless Americans struggling to make their mortgage payments, the problems have just begun. Although a loan

06/25/2010

Fannie Mae Getting Tough on Home ‘Walkaways’

RISMEDIA, June 25, 2010—(MCT)—Taking aim at homeowners who are able to pay their mortgage but decide it's not worth it, Fannie Mae plans to go after them in

06/24/2010

If These Walls Could Talk – How Do Home Inspections Provide Buyers Protection through Home-Buying Process?

RISMEDIA, June 24, 2010—As we continue to see record numbers of foreclosures across the country, Dan Steward, president, Pillar To Post, is making it his

06/19/2010

Senate Passes HomebuyerTax Credit Extension





The Senate has passed a bill to give homebuyers another three months to close on their homes and receive tax credits up to $8,000. The Tax Extenders Bill would apply to homebuyers who met the April 30, 2010 deadline with a signed contract to purchase a new or existing primary residence. The amendment would extend the deadline to September 30, 2010 for homebuyers to close on their real estate transaction. The previous deadline was June 30, 2010. The bill now goes to the House of Representatives, where it is expected to pass.

The National Association of Realtors estimates that as many as 180,000 homebuyers have qualified for the tax credit and met the contract deadline of April 30, 2010, but might not be able to close their transaction by the June 30, 2010 deadline due to the sheer volume of loan applications in the pipeline.

If you have any questions about how the federal tax credits and the extension may benefit your clients, please call me today. I'm available for consultation with your customers. Please feel free to share this news, forward this email, or have them call me directly.

The above content is for informational purposes only and should not be used as a substitute for consultation with a tax advisor.Click here to visit my website and apply on line:
http://www.myprospectmortgage.com/farce

Frank Arce is an experienced, efficient, and courteous loan professional that works hard to provide you with the best home loan options and ensures your loan is closed smoothly and on time.

06/08/2010

Pending Home Sales Surge Continues

RISMEDIA, June 7, 2010—Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable