So I have been playing around with a new feature added to Property Shark: Deep Owner Search. You can type in a person’s name, a corporation name or an address and see what properties are associated with that information. From there, you can also search that person’s associates and so forth. Since I have practiced [...]
On Friday, January 15, 2010, HUD Secretary Shaun Donovan issued a press release, as part of HUD’s Neighborhood Stabilization initiative, temporarily waiving FHA’s 90 Day Seasoning Rule. Amazingly, HUD is cognizant that the seasoning guideline is having a negative impact on alleviating the problem of abandoned and blighted homes:
“In today’s market, FHA research finds that [...]
Inman columnist Bernice Ross posted an excellent article, in response to a Seller’s question, on what to do if your buyer is $5,000 short for the deal. As a New York real estate lawyer, I wanted to add my two cents as to a rather innovative way to close that gap.
New York is one of [...]
CNN recently posted a video on their website detailing the “shocking” story of a woman who paid her mortgage but whose home is being foreclosed upon, jumping on the fraud bandwagon and telling the stories of homeowners preyed upon by the real estate & banking industry. The video leaves out more than it tells, in [...]
I blogged last week about FHA's new plan to allow prospective purchasers to monetize the first time Home Buyer's $8,000 tax credit and use it as a down payment on the purchase of a home. The Secretary of HUD made statements at a NARS meeting about the revolutionary plan and HUD drafted a Mortgagee Letter [...]
Just a heads up on some of the changes that came into effect this past Wesnesday, April 1, 2009, complements of the Mortgage Currency staff:
FHA just released ML 2009-08 – Limits on Cash Out Refinances – going to 85% with case numbers after April 1, 2009. The news is that the 95%’s cash out refi’s [...]
The IRS's willingness to subordinate or even release Tax Liens is monumental and will provide relief to those homeowners trying to refinance or sell their properties to get out from under their often bone-crushing debt. I cannot tell you how many closings have been postponed or adjourned indefinitely because of an IRS Tax Lien popping [...]
One of the perks of passing the New York State Bar Examination and subsequently being admitted to the bar as an attorney is
the ability to obtain a real estate brokers’ license by merely filling out a
form and paying a fee. As a matter of fact, an attorney can actually act as a
real estate broker, without [...]