IRS and “forgiven” mortgage amount(s) – PowerteamHomes.com
Some of you keep asking if the IRS will go after stressed sales homeowners for the forgiven amount… [more]
FHA extends the anti-flipping waiver to help home sales – PowerteamHomes.com
On December 28, 2011 the FHA extended its waiver of a rule that prohibits the agency from insuring homes… [more]
Survey shows first-time homebuyers growing weary of short sales – PowerTeamHomes.com
Kerri Panchuk posted an article showing that first-time homebuyers are growing tired of short sales which,… [more]
Be Noticed! – How To Stand Out On Your Rental Application
The rental market could be a pretty tough scene, especially when a property is in a great location or… [more]
How To Bargain For Excellent Deals on Houses For Sale IL
Whenever you are searching for houses for sale IL, remember that due to the fluctuation of the real estate… [more]
Home Buyers “on the fence”? Here are the facts! – The Paul Paterakis Power Team – RE/MAX Showcase
The past lending practices caused the mess we are currently in; new and pending regulations are making… [more]
809 Area Code: do not dial it! – The Paul Paterakis Power team of RE/MAX Showcase
Someone will actually call you from this area code and leave you a message along these lines: “Hey,… [more]
Is green energy unrealistic? – The Paul Paterakis Power Team of RE/MAX Showcase
Jerry Taylor and Peter Van Doren had a great article in Forbes that helped me “balance” the ongoing… [more]
New IRS Rules Aim to Give Relief to Struggling Taxpayers – The Paul Paterakis Power Team – RE/MAX
The IRS recently announced changes to its procedures on filing liens with the hope of assisting taxpayers… [more]
"Amazing CyberTips" and Tricks – The Paul Paterakis Power Team of RE/MAX showcase
The Paul Paterakis Power Team presents Amazing Real Estate CyberTips E-Newsletter, which, in very concise… [more]
Don’t make a mistake, it can cost you thousands! – PowerTeamHomes.com RE/MAX
We just wanted to pass along some news about FHA to you. The administration just announced that would… [more]
Hot Off The Press
IRS and “forgiven” mortgage amount(s) – PowerteamHomes.com
Some of you keep asking if the IRS will go after stressed sales homeowners for the forgiven amount they did not pay via the sale of their home that closed for much less than the mortgage note. Back in 2010 and reported on our Monday’s MEMO’s we gave you the details on it: a two (2) year “stay” on that making it to December 31, 2012. However, the IRS came up with certain restrictions … [Read More...]
FHA extends the anti-flipping waiver to help home sales – PowerteamHomes.com
On December 28, 2011 the FHA extended its waiver of a rule that prohibits the agency from insuring homes sold within 90 days of their acquisition. The anti-flipping regulation was designed to prevent activity that could be harmful to neighborhoods. While the law was created to maintain stability in the housing market, the FHA temporarily waived it back in 2010, saying a reprieve would allow … [Read More...]
Survey shows first-time homebuyers growing weary of short sales – PowerTeamHomes.com
Kerri Panchuk posted an article showing that first-time homebuyers are growing tired of short sales which, nationally, take nearly 17 weeks to complete according to the latest Campbell/Inside Mortgage Finance housing survey. “While first-time homebuyers acquired 54.1% of all short sales in November 2009, the segment’s share of acquisition activity fell to 30.7% in August with many buyers … [Read More...]
Be Noticed! – How To Stand Out On Your Rental Application
The rental market could be a pretty tough scene, especially when a property is in a great location or if it is priced attractively. It could get even more frustrating, especially when you are on the lookout for a hot property, and just as soon as you want to apply for rental, it is already rented out. The competition heats up as property managers need to make a choice among the many rental … [Read More...]
How To Bargain For Excellent Deals on Houses For Sale IL
Whenever you are searching for houses for sale IL, remember that due to the fluctuation of the real estate market, you have the power to bargain for excellent deals. Due to the recession, the market prices of real estate properties had dropped, and because of this many properties, including houses are quite easy to bargain for great deals - provided you know how to do so. Here are some tips on how … [Read More...]
Home Buyers “on the fence”? Here are the facts! – The Paul Paterakis Power Team – RE/MAX Showcase
The past lending practices caused the mess we are currently in; new and pending regulations are making the process of getting a mortgage a lot more time consuming and costly: expect higher fees, larger down payments and higher insurance premiums. Forget the no money down, they will be looking at ten (10) percent minimum. They want the Home Buyer to have real “skin in the game.” In the past … [Read More...]
