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Archive for November, 2011

American Chopper Vs. Jesse James: Who Really Wins?

American Chopper Vs. Jesse James: Who Really Wins?

The stage is set for the most-publicized motorcycle build-off in recent memory. The two-night battle to be shown live from the Hard Rock Cafe in Las Vegas will feature three well-televised bike builders, Paul Teutul Sr. with Orange County Chopper, Paul Teutul, Jr. from PJD designs and Jessie James, the once-host of Discovery’s Monster Garage […]

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VA Funding Fees Set Through September 2016
By November 28, 2011 0 Comments Read More →

VA Funding Fees Set Through September 2016

Military homebuyers finally got some clarity this week regarding the VA Funding Fee, a mandatory governmental charge applied to all VA loans that has been in a legislative limbo. The fee helps fund the VA Loan Guaranty program and ensures this long-cherished lending mechanism remains outside any Congressional appropriations process. Confusion took root this fall when […]

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FHA Loan Limits Rise, Conventional & VA Mortgage Limits Stick

FHA Loan Limits Rise, Conventional & VA Mortgage Limits Stick

It didn’t take long for the lower mortgage limits that began October 1st to be changed. As of November 18th the mortgage rate limits were selectively revised with FHA loan limits increasing but with conventional loan limits staying the same. Does this change make a lot of sense? No. Is this change the law of […]

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Will The FHA Go Bankrupt?

Will The FHA Go Bankrupt?

A new study says the FHA is likely to need a $50 billion bailout and perhaps as much as $100 billion. But is the FHA really in trouble? And if so, why? The paper, written by Joseph Gyourko, a professor of real estate and finance at the Wharton School of Business at the University of […]

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Why VA Loans Are More Important Than Ever
By November 14, 2011 0 Comments Read More →

Why VA Loans Are More Important Than Ever

The last few years have proved a mixed bag for home buyers and homeowners alike. Borrowers who qualify have reaped the benefits of government-sponsored tax credit programs and record-low interest rates. At the same time, the subprime mortgage meltdown and ensuing financial crisis created a restrictive credit environment and made it significantly tougher for some […]

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Spread the Word: Millions of Veterans Unaware of their VA Home Loan Benefits
By November 11, 2011 0 Comments Read More →

Spread the Word: Millions of Veterans Unaware of their VA Home Loan Benefits

The VA loan program has helped more than 18 million service members achieve the dream of homeownership since 1944. Today, these flexible loans remain the safest and most powerful lending option on the market for military borrowers and their families.  Qualified veterans can purchase a home without having to spend money on a down payment, […]

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Veterans Day — Let’s Bring Back The Draft

Veterans Day — Let’s Bring Back The Draft

It’s Veterans Day, a deserved recognition of the work done and the danger faced by those with military service. There will be parades and speeches, but few will get to the essential point: We need to bring back the draft. Today we have a nation of 312 million people. Of this number, 1.4 million are […]

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October Foreclosure Activity Down 31 percent, Says RealtyTrac

October Foreclosure Activity Down 31 percent, Says RealtyTrac

Foreclosure activity remains hounded by robo-signing disputes. The result is that October foreclosure filings were down 31 percent when compared with a year ago according to RealtyTrac, the leading online marketplace for foreclosures. The company said that foreclosure filings for October — default notices, scheduled auctions and bank repossessions — were reported on 230,678 U.S. properties in October, […]

Posted in: Foreclosures
Who Pays Foreclosure Property Taxes?

Who Pays Foreclosure Property Taxes?

When you purchase a foreclosed property, are you responsible for back taxes? The general answer largely depends on when you buy the property. “If the property was foreclosed and possessed by the bank, the bank will have to pay the back taxes to sell the property with clear title,” says RealtyTrac spokesman Daren Blomquist. “However, […]

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American Chopper — Foreclosure Vs. No Foreclosure
By November 7, 2011 Read More →

American Chopper — Foreclosure Vs. No Foreclosure

So which is it: Was the Orange County Chopper world headquarters foreclosed or not? The answer as derived from the American Chopper TV show and public information is very simple: Both. Let’s start with foreclosure. It’s plain that a foreclosure action was initiated by the lender, the GE Commercial Finance Business Property Corp. The matter […]

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