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Pima Tucson Homebuyer’s Solution Program just may be the answer for buyer’s wanting to purchase a home in the Tucson area and needing down payment assistance. This program offers eligible candidates a 4% grant that may be used towards a down payment or closing costs. This grant does not have to be repaid unless there [...]  There is a key piece of legislation set to expire at the end of this year which could have a HUGE impact on the real estate market & for many homeowners wanting to sell their homes. This legislation is the Mortgage Forgiveness Debt Relief Act of 2007 which exempts homeowners from having to pay tax [...] The federal government’s third quantitative easing program, commonly referred to as QE3, was just announced last week by Federal Reserve Chairman Ben Bernanke. The rationale and a in-depth analysis of this policy is best suited for another forum, however, its impact should for those in the real estate market should be low interest rates for [...] The budget submitted for next fiscal year to the county supervisors recommends a $1.23 billion budget that includes no change in the property tax rate for Pima County. Coupled with most property seeing declining assessed values, this should mean most people will have a reduced tax burden. However, other factors which can add cost to [...] This afternoon the Federal Reserve has forecast a weak economy for at least the next two years and indicated they’d therefore keep rates at record low levels at least until mid-2013. With economic growth being much slower than expected and with flat household spending, the immediate outlook is lukewarm at best. For potential buyers in [...] The Oro Valley Police Department offers a fantastic program you may not have heard about that may benefit many Oro Valley residents who travel frequently or have seasonal residences. Called the Darkhouse Program, this unique benefit comprises periodic external security checks of your home by a police officer or a Citizen Volunteer Assistants Program member [...] HUD has developed a new FHA insured mortgage program, called the “Streamline 203k” Limited Repair Program that permits homebuyers to finance up to an additional $35,000 of repairs into their mortgage to purchase and improve or upgrade the home before move-in or to refinance an existing mortgage and add up to $35,000 in repairs or [...] Q: What are the basic eligibility requirements for FHA financing? A: FHA insures mortgages made by approved lenders to individuals and non-profit and government agencies that are approved to participate in HUD’s programs; HUD does not loan money to homebuyers. Generally, to be eligible for an FHA loan, you must have a valid social security [...] Home ownership has historically held many tax benefits and one of the biggest perks has been the ability to exclude profits realized from the sale of a home from the 15% capital gains tax. To qualify for this exemption the homeowner must have owned the property for at least two years and have lived in [...] A bill introduced in the House of Representatives this week could substantially improve the process of short sales by putting time limits on bank responses. Titled “Prompt Decision for Qualification for Short Sale Act of 2011″, this legislation would impose a deadline of 45 days on lenders to respond to requests for short sales. To [...] |
Oro Valley, Arizona
May 21, 2013, 2:33 pm
 Intermittent clouds 91°F
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