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Now is literally the best time in recorded history to buy a house in America…

Published on June 1, 2011 By Michael

Ran across this great article the explains why exactly NOW is literally the best time to buy in recorded history. Get in touch with me for questions about getting preapproved to buy your home. Excerpts from the article: By Dr. Steve Sjuggerud Wednesday, June 1, 2011 Now is literally the best time in recorded history [...]

FHA Extends Suspension of ‘Anti-Flipping’ Rule For Another Year

Published on January 19, 2011 By Michael

Reporting from Washington — For years the federal government prohibited the use of Federal Housing Administration mortgage financing by buyers purchasing homes from sellers who had owned the property for less than 90 days. The idea was to prevent speculators from defrauding the government through quick flips of houses — often involving straw buyers and [...]

Oregon Homeownership Stabalization Initiative

Published on January 7, 2011 By Michael

What is the Oregon Homeownership Stabilization Initiative (OHSI)? The Oregon Homeownership Stabilization Initiative is the name of Oregon’s new foreclosure prevention programs. The US Department of Treasury gave 17 states—including Oregon—money from a special fund for states hit hardest by the recession. Oregon Housing and Community Services created OHSI to deliver programs throughout the state [...]

You MUST Know Your State’s Foreclsure Redemption Period

Published on June 7, 2010 By Michael

As of May 27, 2010, Fannie Mae will not back or purchase loans made on foreclosed homes still inside the state foreclosure redemption period.  That’s the time period in which a homeowner can come back and reclaim their home by paying all past due amounts and costs of foreclosure, as well as for improvements.  It’s [...]

White House Loan Modification Plan Fall Flat

Published on February 18, 2010 By Michael

Housing Advocates Pan Anti-Foreclosure Program’s Results // By Mary Kane 12/10/09 1:54 PM Julio Angulo was evicted from his Virginia home last December. (American News Project) It was last December when Julio Angulo ignored the bitter cold and sat on a rusted patio chair in the front yard of his foreclosed home in suburban Manassas, [...]

Buying a Foreclosure In Oregon? Consider the Per Capita.

Published on February 15, 2010 By Michael

The chart above is a graphical representation of the foreclosures that have been filed in our state of Oregon by county.  At first it doesn’t appear all that bad, however this is for just the month of January. Take a look at the chart below and tell my what you see? From the chart above [...]

RealtyTrac’s 2009 Foreclosure Report Gives Reason For Optimism

Published on January 15, 2010 By Michael

Versus 2008, foreclosures are up 21 percent nationwide and that’s a big number, but a deeper look at RealtyTrac’s annual reports reveals a more positive undertone on the housing market.