Juicy Estates: Mortgage Blog

Archive for July, 2009

REG Z For Realtors – Need To Know Items

 The Mortgage Disclosure Improvement Act of 2008 (MDIA) mandates become effective at the end of this month and will have a dramatic affect on residential real estate transactions.  All real estate professionals involved in residential transactions need to be aware of these changes and need to proactively manage their clients transactions with these facts in mind.

 

In short closings can and will be delayed by these new rules.  These rules will superseed the terms and conditions put forth in the FAR contract potentially putting buyers escrow deposits at risk and/or creating escrow disputes.  

 

Here are a few bullet points of the need to know items:

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$8,000 First Time Home Buyers Tax Credit As Down Payment ~ Update

Struggling with trying to get your buyer the $8,000 tax credit to be available at closing for down payment?  Well you are not alone.  State officials continue to struggle with the bridge loan program that was to provide the tax credit funds at the closing table to facilitate home purchases. 

Read the full story here.

Brokers Open With Private Chef Stella Burgess At 1645 Tigertail Avenue

Gibraltar Private Bank & Trust and Perdigon Title Services are proud to host a brokers open for Riley Smith’s new listing at 1645 Tigertail Avenue. Join us to preview this very well priced 5 bedroom 3.5 bathroom home.  

Even if  you have previewed this home previously you MUST see it again, the owners have made some great renovations and reduced the price!

Private chef Stella Burgess who has cooked in some of the worlds truly great restaurants will be preparing lunch.  We invite you to stop by, preview a beautiful well priced home and enjoy a delicious meal.

1645 Tigertail Avenue – Renovated and Reduced!