There is a lot of confusing information floating around about the President’s plan to modify home mortgages — especially regarding who qualifies, when and how the assistance will be available, and its duration. The Treasury Department has launched a website, FinancialStability.gov, that spells out everything. Click on the link for...
Archives: 2009
What Is Your Home’s Walk Score?
I just came across this awesome tool called WalkScore, which allows you to enter your address (or the address of a home you might be interested in purchasing) to find out that home’s Walk Score. It maps out different places near the address you input and tells you how far...
What You Get In Harrisonburg for $500,000
Sometimes I’ll watch that show on HGTV about what you can get in a home for different price points around the country. It is quite interesting, and I always think to myself that we have it pretty good here in the Shenandoah Valley. So to prove that you get a...
$75 Billion Housing Plan: President Obama’s Foreclosure Speech
Today, President Obama gave a speech about his $75 Billion Housing Plan in Mesa, Arizona. Here is a snippet of his speech: Through this plan, we will help between seven and nine million families restructure or refinance their mortgages so they can avoid foreclosure. And we are not just helping...
New and Improved Tax Credit for Buying a Home
In 2008, Congress passed a law that offered a tax credit of $7,500 to anyone who purchases a home for the first time, up until June 30, 2009. Tax credits are better than deductions. Generally speaking, if you are entitled to a tax credit, you get the full amount, even...
How to Find Info on Foreclosures Online
The Harrisonburg area has blessedly few foreclosures. (Check out this previous post with a cool map showing foreclosure rates in every city and county in the U.S.) However, if you are interested in hunting for a deal on a property in foreclosure, here is a great post on one of...