Minnesota Real Estate Today Local & National News

January 2010 - Posts

• Lack In Permanent Modifications Create New Rules

  The Treasury and Hud will release new guidelines to help increase the number of permanent loan modifications in June 2010: HousingWire.com Jan 28 2010 . Read More... Posted Friday, January 29, 2010 9:11 AM by Bob Elliot | 0 Comments

• Trial Modifications Are Not Permanent Modifications!

  Homeowners that found out the hard way: Denver Jan 25, 2010 News Read More... Posted Wednesday, January 27, 2010 8:48 AM by Bob Elliot | 0 Comments

• No More Fannie and Freddie?

  Chairman of the House Financial Services Commiittee, Barney Frank, wants to eliminate Fannie and Freddie: CNBC Video Diana Olick . Read More... Posted Tuesday, January 26, 2010 1:00 PM by Bob Elliot | 0 Comments

• Price Reduced on 18710 Legends Club Circle in Legends Golf Course

  Legends Golf Course , Credit River Township - Announcing a price reduction on 18710 Legends Club Circle, a 5,346 sq. ft., 4 bath, 5 bdrm 2 story. Now MLS® $799,900 - Price Reduction!. Property information Read More... Posted Tuesday, January 26, 2010 12:12 PM by Bob Elliot | 0 Comments Filed under: Real Estate, For Sale

• Fixed Rate Down Again!

  Freddie Mac Mortgage Market Survey release 3rd consecutive week 30 yr fixed rates were down: Freddie Mac Mortgage Survey Release Jan 21 2010 Read More... Posted Friday, January 22, 2010 9:11 AM by Bob Elliot | 0 Comments Filed under: Fixed Rates Down Again!

• New Housing Starts Down!

  New housing starts and single family decline in December. Housing Matrix Jan 20 2010 Read More... Posted Thursday, January 21, 2010 12:13 PM by Bob Elliot | 0 Comments Filed under: New housing starts stats down

• FHA Sticter Guidelines!

  FHA will be raising insurance fees, lower seller contributions,, and require higher down payments for those with credit scores 580 or below. See more details at: Wall St Journal Jan 20 2010 Online Read More... Posted Thursday, January 21, 2010 11:08 AM by Bob Elliot | 0 Comments Filed under: FHA Stricter Guidelines Coming

• FBI Haiti Fraud Alert What to Know!

  Are you aware of FBI Haiti Fraud Alert and Consumer Reports What to Know blog post ? Read More... Posted Wednesday, January 20, 2010 6:35 AM by Bob Elliot | 0 Comments

• Bill Shrink!

  If you are overwhelmed with choices Bill Shrink offers a free personalized comparison tool to help you save money: Bill Shrink Read More... Posted Wednesday, January 20, 2010 6:21 AM by Bob Elliot | 0 Comments Filed under: Bill Shrink

• NAR Market Forecast Jan 2010

  National Association of REALTORS® monthly forecast for Jan 2010. Courtesy of NAR: NAR US Economic Outlook Jan 2010 Read More... Posted Tuesday, January 19, 2010 1:33 PM by Bob Elliot | 0 Comments Filed under: NAR Jan 2010 Market Forecast

• Bank Fraud On Short Sale Second Mortgages!

  Watch CNBC Diana Oleck Video or read the article Diana Oleck CNBC Jan 15 2010 Read More... Posted Monday, January 18, 2010 6:16 AM by Bob Elliot | 0 Comments Filed under: Short Sale Seconds Bank Fraud

• See How the Loan Servicers Are Doing! HAMP Servicer Report Dec 2009

  See lender servicer performance is getting better for borrowers in the trial phase of Making Home Affordable HAMP: Informative News Release and report HAMP Performance Servicer Report Dec. 2009 Read More... Posted Saturday, January 16, 2010 8:49 AM by Bob Elliot | 0 Comments Filed under: HAMP Performance Servicer Report Dec 2009

• More Foreclosures!

  More foreclosures coming: Wall Street Journal RealtyTrac interview Read More... Posted Friday, January 15, 2010 11:20 AM by Bob Elliot | 0 Comments Filed under: More Foreclosures Jan 2010 Interview

• FHA Questions!

  Ask FHA a question: FHA Out Reach . Read More... Posted Friday, January 15, 2010 10:48 AM by Bob Elliot | 0 Comments Filed under: Ask FHA a Question

• Mortgage Delinquency is Growing!

  More struggling homeowners. One in every 7.5 are behind in their mortgage payments. New record high: LPS News Release Jan 11 2010 Read More... Posted Thursday, January 14, 2010 9:18 AM by Bob Elliot | 0 Comments Filed under: More Struggling Homeowners

• Price Reduced on 7751 Everest Court N in Everest Court

  Everest Court, Maple Grove - Announcing a price reduction on 7751 Everest Court N, a 3,627 sq. ft., 4 bath, 4 bdrm 2 story. Now MLS® $384,900 - Price Reduction!. Property information Read More... Posted Wednesday, January 13, 2010 10:08 AM by Bob Elliot | 0 Comments Filed under: Real Estate, For Sale

• Free Consumer Resources! Save, Invest and Manage your Money!

  Free consumer resources: Home Economics by HUD: HUD Buy vs Rent: Ginne Mae Calculator Foreclosure Prevention Help: Federal Reserve Resources for MN Is Your Bank FDIC Insured: FDIC Bank Find Federal Reserve Bank of Dallas: Building Wealth No Health Insurance? Read More... Posted Wednesday, January 13, 2010 4:45 AM by Bob Elliot | 0 Comments Filed under: Save Invest Manage Consumer Resources

• Mortgage Forgiveness Debt Relief Act Expires Dec 31 2012!

  Homeowners who have sold thier home on a short sale or lost their home to foreclosure! Be sure to read IRS Mortgage Workouts and remember the Mortgage Debt Relief Act does not expire until 2012: IRS Read More... Posted Tuesday, January 12, 2010 7:34 AM by Bob Elliot | 0 Comments Filed under: Mortgage Forgiveness Debt Relief Act Expires 2012

• Fannie Mae New Policy To Speed Up REO Inventory Sales

  Purchase offers that were previously subject to underwriting or servicing reviews, may be accepted without notifying the servicers: Fannie Mae Servicing Announcement Supplement Read More... Posted Monday, January 11, 2010 6:02 AM by Bob Elliot | 0 Comments Filed under: Fannie Mae New REO Policy

• Common Bankruptcy Questions

  Need help understanding bankruptcy: U.S. Courts Bankruptcy Basics . Also see MYFico: Chapter 7 and Chapter 11 bankruptcies and your credit score and understanding your FICO Score . Read More... Posted Sunday, January 10, 2010 4:02 AM by Bob Elliot | 0 Comments Filed under: Common Bankruptcy Questions

• Financial Literacy for Kids!

  JumpStart Coalition provides resources and information to help our kids learn personal financial management: JumpStart Coalition Read More... Posted Saturday, January 09, 2010 10:54 AM by Bob Elliot | 0 Comments Filed under: Kids Financial Literacy

• Federal and State Energy Efficiency Incentives

  The waether is changing and the winter is rather cold for many of us. There are federal and state programs that offer incentives to homebuyers and homeowners to make improvements to save energy and keep energy bills down: Energy Efficient Products EnergyStar.gov Read More... Posted Friday, January 08, 2010 6:49 AM by Bob Elliot | 0 Comments Filed under: Energy Efficiency Incentives

• Lower Down Payment Requirements!

  According to the online Wall Street Journal, some lenders and MI firms have decreased their down payment requirements. Source: Online Wall Street Journal Dec 19, 2009 . Read More... Posted Sunday, January 03, 2010 4:34 AM by Bob Elliot | 0 Comments Filed under: Some Lenders Lower Down Payment