Real Estate Intro.com

Homeowners’ associations (HOAs) are legal entities that have been established to maintain common areas within a development.  Most condominiums and townhouses and new single-family subdivisions have HOAs.  They are created at the time the development is started.  Covenants, Conditions, and Restrictions (CC&Rs) are issued to each homeowner and the HOA is established to make sure [...]

 lower housing  
The silver lining in the current housing market is affordability.  There has never been a more affordable time for buyers.  The National Association of Realtors recently posted a record high housing affordability index of 173.5 for the country.  This is the highest rating since the Association began recording affordability in 1970.  The index is [...]

In spite of the real estate market’s decline over the past couple of years, a recent analysis of Federal Reserve data by the National Association of Realtors shows that homeownership is still a smart financial decision.  For example, when comparing homeowner’s wealth to that of renter’s homeowner’s wealth exceeds by a 50 to 1 margin.  [...]

Interest rates are low and have been for some time.  These attractive rates maybe short lived however because they are being artificially created.  In an effort to keep the nation’s economy from going into a free fall, the government has made some incredible moves to stabilize and lower interest rates as much as possible.
So far, what [...]

If you are considering the purchase of a new home or refinancing your current mortgage, your credit will be a major factor in not only qualifying, but also how high your interest rate will be.  Be aware of your current credit score.  You can get an update on your credit by visiting www.annualcreditreport.com.
Credit scores are [...]

Foreclosure is a legal proceeding in  which a lender obtains a court ordered termination of the borrower’s equitable right of redemption.  At the time the home is purchased the lender obtains from the borrower a security interest in the house to secure the loan (note).   The security for the note is an agreement between the lender [...]

With interest rates between 4.75 and 5.25 percent and housing values dropping significantly in the last six months, you may want to consider buying now.  Recent reports indicate that tumbling interest rates are setting off a surge of refinancing and pulling undecided homebuyers into the real estate market.  Some lenders are quoting 30-year mortgage rates [...]

In 2008 Congress passed a $7500 tax credit designed to be an incentive for first time homebuyers.  The credit was designed as a mechanism to decrease the over supply of homes for sale.  For 2009, Congress has increased the credit to $8000 and made several improvements.  One significant change is that unlike the 2008 credit, the 2009 [...]