The Federal Government recently announced new incentives for homeowners underwater with their current mortgage to work with their bank on a “short sale.” The new rules give timelines and parameters that offer confidence to lenders who have too often been stuck in an undefined and time consuming processes. The Obama Administration’s aim is to lessen [...]
Here’s a good resource if your real estate development or investment runs into some trouble and you or your lender think you may need a court appointed receiver. A court appoints a receiver only after both sides of the litigation are given an apportunity to give input upon the specific receiver and the goals of [...]
Buying a house but not sure what you’re going to use to finance the purchase given today’s climate in the mortgage market? If you’re a veteran or active duty military, then you must consider a VA Loan, a benefit thanks to your service to the United States. A VA Loan is a great option for [...]
A recent study and market analysis show the extension of the first-time home buyer tax credit and the addition of credit for existing homeowners is working for our economy. But the credits are set to expire in April and interest rates are beginning to rise from their near historic lows so the time to buy [...]
Due to Florida’s great weather, abundance of beautiful coastal properties, it’s livability for residents, and attraction to retirees and vacationers, Florida has always had more condominiums than almost every other state in the country. Unfortunately, in the recent downturn, what’s considered a plus by many has become caught up in the economic turmoil like everything [...]
Real Estate is seeing historically low prices, especially in the luxury and near luxury market. Prices are at or extremely near the lowest they will ever be but mortgage rates are beginning to rise and aren’t expected to return to the low rates we’ve seen over the last few years. Here is a very good article [...]
The first-time homebuyer credit is a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit operates like an interest-free loan because it must be repaid over a 15-year period. The credit was expanded in 2009 for homes purchased in 2009, increasing the [...]
One of the developing trends in real estate is investing as a group in real estate. Some of the best investments can be found in oceanfront homes, beachfront and oceanfront condominiums and contemporay lofts. The advantages of investing in real estate as a group include: Spreading the investment between several people to minimize cash outlay [...]
FOR MORE INFO CONTACT:
Andrew Howe
Jacksonville FL: 904.758.3434
Cincinnati OH: 513.257.0749
AHowe@cranewoods.com
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