HOW HAS THE CREDIT AFFECTED THE MARKET The national association of Realtors has reported the rate of home sales for 2009 is 5.24 million. NAR says, the $8,000 First Time Home Buyer Tax Credit has brought 1.2 million buyers into this market. Of that 350,000 would have bought without the credit, therefore the credit has…Read More→
NAR Information on Revised TILA Disclosure Requirements Take Effect on July 30, 2009
I just got this update from NAR about new regulations for lenders. This new law will force lenders to send out good faith disclosures after taking a loan application. It will add a lot of work to the lenders, but the buyer needs to know what they are getting into. I run into buyers all…Read More→
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