MND NewsWire - All Comments

re: Fed MBS Purchases Focus on New Loan Production

James William — Fri, 20 Nov 2009 03:52:49 GMT

It should read as $228 billion left !!!

re: Home Builders Expecting Increased Activity in 2010. Appraisal Issues a Concern

toddlipps1 — Wed, 18 Nov 2009 14:15:12 GMT

Builders report that low appraisal values are often tied to the use of foreclosed and distressed properties as "comps" in the appraisal process." Whereas lenders report that low appraisal values are often tied to the use of stupid appraisers.

re: Appraisal Fraud: A Need To Sort Out The Victims From The Perps?

Curtis Harris — Mon, 16 Nov 2009 01:45:49 GMT

Appraisal Adjustments, Curtis-Rosenthal, MAI, Appraisal Institute: http://www.harriscompanyrec.com/files/Curtis_Rosenthal.pdf

re: Appraisal 101 - How a Appraiser Attaches Home Value

Curtis Harris — Mon, 16 Nov 2009 01:22:08 GMT

Appraisal Adjustments, Curtis-Rosenthal, MAI, Appraisal Institute: http://www.harriscompanyrec.com/files/Curtis_Rosenthal.pdf

re: Appraisal 101 - How a Appraiser Attaches Home Value

Curtis Harris — Mon, 16 Nov 2009 01:21:27 GMT

Appraisal Adjustments, Curtis-Rosenthal, MAI, Appraisal Institute: http://www.harriscompanyrec.com/files/Curtis_Rosenthal.pdf

re: Appraisal Fraud: A Need To Sort Out The Victims From The Perps?

Andrew Levine — Sun, 15 Nov 2009 00:24:02 GMT

I was wondering what happened with John's situation where he was being blacklisted because someone with the same name was involved in a fraud.

re: HAMP on Track to Reach Goals. No Update On Redefault Rate

Larry Smith — Sat, 14 Nov 2009 14:18:12 GMT

A real news story on HAMP..."Hurting Any Modification Possibillity" Program http://www.associatedcontent.com/article/2381656/why_obamas_home_affordability_program.html?cat=3

re: HAMP on Track to Reach Goals. No Update On Redefault Rate

Ray Banner — Sat, 14 Nov 2009 05:16:41 GMT

Jann, you need to tell the whole story. The modifications are not getting completed or "booked"! The program was implemented in late April and bank customers were supposed to be on only a three month trial period and get a completed permanent modification. This is not happening. The longer it takes on the trial period, the more likelihood things can fall apart and the customer ends up with nothing or a denial, and back into foreclosure they go!. They can put millions on a "trial" period, but when are the banks going to actually complete them? These grandiose statistics do not tell the whole story. Do some more digging and ask " yeh but how many have you completed?" You will find less than one percent!

re: Home Buyer Tax Credit Information Resources

Dennis Norman — Thu, 12 Nov 2009 17:04:12 GMT

I did a post on the tax credits last week with several updates following the legislation through passage...there were a couple of hundred comments with some good questions and answers on the credits...it's worth reading through the comments if you have questions on the homebuyer tax credit...the post and comments are at: http://realestateconsumernews.com/financing/home-buyer-tax-credit-extension-update-house-passes-bill-on-to-president-for-approval/

re: Home Buyer Tax Credit Information Resources

Adam Quinones — Tue, 10 Nov 2009 18:56:28 GMT

If I missed something...please feel free to contribute.

re: Obama Signs Home Buyer Tax Credit Extension. Will It Be Effective?

Stupid Cents — Mon, 09 Nov 2009 14:23:46 GMT

@Gail Maybe someone with more details can comment on this, but I don't believe you qualify for the tax credit. The $6,500 credit goes in effect Dec. 1 - so if you are closing in Nov., you wouldn't fall in the window. No word if this was made effective immediately, at least, I've yet to read otherwise. Stupidly Yours, Matt

re: Obama Signs Home Buyer Tax Credit Extension. Will It Be Effective?

gail brown — Sat, 07 Nov 2009 00:04:32 GMT

I qualify for the tax credit. I sold my home in 1/09 after owing it for 5 yrs & 3 mos. I currently in escrow on another home that should close the end of Nov '09. Can my lender use the $6500 up fron in this transaction like some lenders did for the FTHB credit?

re: Obama Signs Home Buyer Tax Credit Extension. Will It Be Effective?

Terry Kori — Fri, 06 Nov 2009 23:32:53 GMT

Based on the information you provided, you will be eligible for the $6500 credit. The outside closing date indicated In the current information that's available is July 1st, 2010; however, I would encourage you to do everything possible to close no later than June 30th, just to be safe. Terry Kori 770-736-8350

re: Obama Signs Home Buyer Tax Credit Extension. Will It Be Effective?

Greg Baker — Fri, 06 Nov 2009 22:14:21 GMT

Question regarding whether or not we will qualify for the tax credit: Wife and I are signing a contract tomorrow to build a new house. The build process is suppose to take 6-8 months. Assuming we close by July 1st, is it your oppinion that we would receive the $6,500 tax credit for being a current home owner? We're not sure if the contract that we sign with the builder tomorrow would be considered a binding contract to purchase a new home. Also, we just sold our current home and have moved in with my parents during the build process, so would we be considered "current home owners"?

re: House Passes Home Buyer Tax Credit Extension. Obama to Sign Friday

Brian Peterson — Fri, 06 Nov 2009 17:46:02 GMT

I signed a purchase agreement for new construction in September, but we aren't closing and taking over the house until December 31, 2009. Am I entitled to the $6500 tax credit for moving up? Or, must my purchase agreement be re-drafted and dated after December 1st?