CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Rebates for Appliance Buyers in 2010
The 2010 plan to encourage energy efficiency is the government rebate for appliance buyers. The plan lets people swap their old appliances for new energy-efficient models at very low prices.
Here are some things to keep in mind:
· State plans vary. For state by state specifics, check out the state-by-state rebate program.
· Is it really a deal? It may not be worth replacing appliances that are fewer than seven years old, but older models can represent a real deal. Joe McGuire, president of the Association of Home Appliance Manufacturers, says a 20-year-old refrigerator uses three times as much power as a new Energy Star-approved model.
· Buy now before it ends. There is only about $300 million available and some states got more money than others. It is expected to run out fast.
Source: The Associated Press, Vinnee Tong (12/30/2009)
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Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Thursday, December 31, 2009
Tuesday, December 29, 2009
Real Estate Driggs Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Loan Modifications Hit Credit Scores
Applying for a mortgage modification and being in a months-long trial period can devastate a home owner’s credit score.
Under the government plan, troubled borrowers can have their mortgage payments reduced to 31 percent of their pre-tax income. They are first put in a trial modification for several months to test whether they can meet the requirements of the new mortgage.
Borrowers who were previously current on their mortgages will see their FICO scores fall about 100 points while they are in the trial period, according to the Treasury Department. Borrowers who were previously late or missed payments will see their scores fall more, the government says.
The longer a borrower is in the trial period, the greater the impact on their credit scores, Once the modification is approved, the borrowers’ mortgage credit status will be listed as current and that should improve their scores, the Mortgage Bankers Association explains.
Even so, the delinquency remains on credit reports for up to seven years and can make getting credit for something else like a car difficult and expensive, borrowers report.
Source: CNNMoney.com, Tami Luhby (12/28/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Loan Modifications Hit Credit Scores
Applying for a mortgage modification and being in a months-long trial period can devastate a home owner’s credit score.
Under the government plan, troubled borrowers can have their mortgage payments reduced to 31 percent of their pre-tax income. They are first put in a trial modification for several months to test whether they can meet the requirements of the new mortgage.
Borrowers who were previously current on their mortgages will see their FICO scores fall about 100 points while they are in the trial period, according to the Treasury Department. Borrowers who were previously late or missed payments will see their scores fall more, the government says.
The longer a borrower is in the trial period, the greater the impact on their credit scores, Once the modification is approved, the borrowers’ mortgage credit status will be listed as current and that should improve their scores, the Mortgage Bankers Association explains.
Even so, the delinquency remains on credit reports for up to seven years and can make getting credit for something else like a car difficult and expensive, borrowers report.
Source: CNNMoney.com, Tami Luhby (12/28/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Monday, December 28, 2009
Real Estate Teton Valley Idaho - Jackson Hole Wyoming
CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Interest Rates Predicted to Reach 6%
Interest rates are likely to rise to 6 percent by the end of 2010, predicted Amy Crews Cutts, deputy chief economist at Freddie Mac.The end of the Federal Reserve program that buys mortgage-backed securities will drive rates higher because private buyers will demand more return than the Fed.
"Extraordinary resources have been put into keeping the rates down and supporting the mortgage markets and it's hard to imagine that the rates can go much lower than they are," Crews Cutts said. "Anything we get at or below 5 percent is a gift at this point.
"Source: Washington Post, Dina ElBoghdady (12/26/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Interest Rates Predicted to Reach 6%
Interest rates are likely to rise to 6 percent by the end of 2010, predicted Amy Crews Cutts, deputy chief economist at Freddie Mac.The end of the Federal Reserve program that buys mortgage-backed securities will drive rates higher because private buyers will demand more return than the Fed.
"Extraordinary resources have been put into keeping the rates down and supporting the mortgage markets and it's hard to imagine that the rates can go much lower than they are," Crews Cutts said. "Anything we get at or below 5 percent is a gift at this point.
"Source: Washington Post, Dina ElBoghdady (12/26/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
Saturday, December 19, 2009
Real Estate Teton Valley Idaho - Jackson Hole Wyoming / Foreclosure Property
Real CALL ME FOR CUSTOMIZED FORECLOSURE LIST
pH 208 390 0737
------------------------------
Coming Soon: More Foreclosures
More than 1.7 million homeowners were verging on foreclosure this fall, making it likely that these houses will soon end up on the market one way or the other, driving down overall housing values.
"We're going to be dealing with high levels of distressed (sales) in the marketplace for at least a couple of years," says Mark Fleming, chief economist of researcher First American CoreLogic, which has been studying the problem.Some real estate practitioners say they fear that this onslaught is coming."
We've been in recovery mode for most of the year. How many foreclosures do they have to dump on the market to affect that? I don't know," says Deborah Farmer, owner of StarLight Realty in Tampa, Fla. "Any house priced under $225,000 will be affected by a large increase in foreclosures in this market.
"Source: Associated Press, Alan Zibel (12/17/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
pH 208 390 0737
------------------------------
Coming Soon: More Foreclosures
More than 1.7 million homeowners were verging on foreclosure this fall, making it likely that these houses will soon end up on the market one way or the other, driving down overall housing values.
"We're going to be dealing with high levels of distressed (sales) in the marketplace for at least a couple of years," says Mark Fleming, chief economist of researcher First American CoreLogic, which has been studying the problem.Some real estate practitioners say they fear that this onslaught is coming."
We've been in recovery mode for most of the year. How many foreclosures do they have to dump on the market to affect that? I don't know," says Deborah Farmer, owner of StarLight Realty in Tampa, Fla. "Any house priced under $225,000 will be affected by a large increase in foreclosures in this market.
"Source: Associated Press, Alan Zibel (12/17/2009)
-----------------------------
Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
RE/MAX Associates Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
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