Buyer Info

Previous entries

FHFA Statement on Certain Energy Retrofit Loan Programs

Jul 15th, 2010 | By Steve Kornspan | Category: Buyer Info

FEDERAL HOUSING FINANCE AGENCY STATEMENT For Immediate Release FHFA Statement on Certain Energy Retrofit Loan Programs After careful review and over a year of working with federal and state government agencies, the Federal Housing Finance Agency (FHFA) has determined that certain energy retrofit lending programs present significant safety and soundness concerns that must be addressed [...]

Posted in Buyer Info | Comments Off


FHFA Statement Relative to Concerns With Certain Energy Lending Programs

Jul 15th, 2010 | By Steve Kornspan | Category: Buyer Info

Financial Institution Letters Alert on FHFA Statement Relative to Concerns With Certain Energy Lending Programs FIL-37-2010 July 6, 2010 Summary: The Federal Housing Finance Agency (FHFA) has issued a statement relative to concerns with certain energy retrofit lending programs. Insured institutions should be aware of such programs, as these programs could affect their residential mortgage [...]

Posted in Buyer Info | Comments Off


First-Time Homebuyer Credit Closing Deadline Extended to September 30, 2010

Jul 2nd, 2010 | By Steve Kornspan | Category: Buyer Info, Finance

The deadline for the completion of qualifying First-Time Homebuyer Credit purchases has been extended. Taxpayers who entered into a binding contract before the end of April now have until September 30, 2010 to close on the home. The Homebuyer Assistance and Improvement Act of 2010, enacted on July 2, 2010, extended the closing deadline from [...]

Posted in Buyer Info, Finance | Comments Off


RESPA Home Warranty / Referral Compensation Ruling

Jun 29th, 2010 | By Steve Kornspan | Category: Buyer Info, Legislation

New RESPA Interpretive Rule: DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 24 CFR Part 3500 [Docket No. FR–5425–IA–01] TITLE: Real Estate Settlement Procedures Act (RESPA): Home Warranty Companies’ Payments to Real Estate Brokers and Agents AGENCY: Office of General Counsel, HUD. ACTION: Interpretive rule. DATES: Effective date: June 25, 2010. Comment Due Date: July 26, 2010. SUMMARY: Under section 8 of [...]

Posted in Buyer Info, Legislation | Comments Off


House approves homebuyer tax credit extension

Jun 29th, 2010 | By Steve Kornspan | Category: Buyer Info, Finance

The House of Representatives voted to give first-time homebuyers three more months to close on their home purchases and receive the $8,000 tax credit. The Senate had needs to approve in the next 24 hours to meet the June 30th deadline . Buyers must have signed a contact by April 30 to qualify.  The issue [...]

Posted in Buyer Info, Finance | Comments Off


Homebuyer Tax Credit Extension Hits the Wall

Jun 25th, 2010 | By Steve Kornspan | Category: Buyer Info, Finance, Legislation

From  Steve Cook Real Estate Economy Watch On June 25, 2010 @ 10:29 am Legislation containing a three month extension of the popular homebuyer tax credits that would allow buyers to close by September 30th died in the Senate last night and the opportunity to extend the credits past the current deadline of June 30th [...]

Posted in Buyer Info, Finance, Legislation | Comments Off


Tax Credit Closing Date Extension Still Waiting for Final Approval

Jun 25th, 2010 | By Steve Kornspan | Category: Buyer Info, Finance

Over the past few weeks, you may have seen several articles in the media that the United States Senate had extended the closing deadline to qualify for the $8,000 first-time homebuyers’ tax credit and the $6,000 homebuyers’ tax credit. Unfortunately, these media reports have been premature and no legislation has been passed by Congress that [...]

Posted in Buyer Info, Finance | Comments Off


Radon Info – EPA Links

Feb 8th, 2010 | By Steve Kornspan | Category: Buyer Info, Inspection, Seller Info

If your radon level is 4.0 pC/L or greater, you can call your state radon office to obtain more information, including a list of EPA or State-approved radon contractors who can fix or can help you develop a plan for fixing a radon problem. Reduction methods can be as simple as sealing cracks in floors [...]

Posted in Buyer Info, Inspection, Seller Info | Comments Off


New HUD Good Faith Estimate GFE

Feb 1st, 2010 | By Steve Kornspan | Category: Buyer Info, Finance

The U.S. Department of Housing and Urban Development ( HUD) , has created a new ” Good Faith Estimate ” for and new rules for this form. The form was originally developed to help consumers understand the fine print created by lenders. It was also developed to encourage borrowers to shop.

Posted in Buyer Info, Finance | Comments Off


Some KC Home Inspectors

Jan 31st, 2010 | By Steve Kornspan | Category: Buyer Info, Inspection

The second most important person in the real estate transaction is the Home Inspector. Get a good one you can trust. A buyer may use any home inspector they like. Here are a few home inspectors that I trust. No one is perfect, but these are some of the better ones. These are licensed and insured. It is [...]

Posted in Buyer Info, Inspection | Comments Off


Previous entries