If you are a homeowner, or are thinking about becoming one, you should definitely check out HouseLogic, a new website by The National Association of REALTORS® (NAR). Although the site is still in beta mode, it provides a wealth of information and how-to’s for homeowners. Currently, the navigation consists of...
News
Changes to RESPA Will Allow Client to Make More Informed Decisions About Loans
Effective January 1, 2010, changes will be made to the Real Estate Settlement Procedures Act (RESPA), which will improve the client experience with regards to choosing a mortgage loan. Essentially, these changes will allow the client to make a better informed decision about which loan to go with. Less confusion,...
Economic Recovery Driven by Real Estate
The housing market is strengthening, not only here in Harrisonburg and Rockingham County, but also around the rest of the nation. In fact, there are four regional sectors that the National Association of Realtors® (NAR), and Virginia is in the “South” region, which experienced a 12.7% increase in home sales...
Local Businessman Named Entrepreneur of the Year
The President and CEO of the nationally-known (but based in Harrisonburg) Rosetta Stone, Tom Adams, has been named the Ernst & Young Entrepreneur of the Year. He was also the national winner of the Retail and Consumer Products category. Hats off to Tom! “Tom Adams’ efforts at Rosetta Stone have...
Homeowners Facing Foreclosure Can Stay in Their Homes
Yep, homeowners who are facing foreclosure can stay in their homes — as renters. Fannie Mae just designed a new program called the Deed for Lease Program that allows homeowners to stay in their own homes as tenants. Here is the gist of how this works, according to Market Watch:...
Extended Home Buyer Tax Credit: Signed, Sealed, Delivered
President Obama signed the extended home buyer tax credit bill on Friday. So, what does this mean? How does it work? We’ve already gone over some of the major changes to the credit, but here they are again: Both first-timers and existing homeowners would be able to take advantage of...