From the category archives:
Unless Congress changes the tax rules this year, mortgage insurance could become both more expensive and less desirable, something that would hurt the housing market nationwide. Under current tax rules, the cost for mortgage insurance–whether it is through the FHA or through the private sector–is deductible to homeowners. For instance, if you pay $1,500 in [...]
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Q.: What’s a dual agent? A.: The relationship between a real estate agency and real estate is pretty straightforward — you have an agent on the one hand who represents a seller through a Listing Agreement, and on the other hand you have another agent who represents a buyer through a Buyer Agency Agreement. So, [...]
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The Federal Housing Administration has suspended its anti-flipping rules for another year to facilitate the financing and sales of newly renovated foreclosed properties. “This extension is intended to accelerate the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects of abandonment and blight,” said acting FHA commissioner Carol Galante. The Department of [...]
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