Category Archives: Uncommon Useful Knowledge

The Cost of Walking Away From Your Upside-Down Mortgage

Owing more on your mortgage than your home is worth (being upside-down on your mortgage) & continuing to make the payments, may seem like a bad investment. But the alternative-choosing to default on your mortgage even if you can afford the monthly payments-will take a significant toll on your credit rating. This is called “strategic [...]

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The State of Real Estate in Sundial for 2010

It is interesting to note that we had less homes sell in Sundial in 2010 than in any other year since the subdivision was built. All but one of the sales closed on or before June 30th, which was the last day for a buyer to secure the first time homebuyer credit or the move-up [...]

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Wolf Creek Statistics for 2011 Home Sales

Here are the average sales prices by model.  Call me if you want to know what model you live in. Jamestown-$162,500     (1 sale, it was bank owned) Parker Hale-$191,376    (5 sales, 1 was bank owned) LC Smith-$208,688        (2 sales, 1 was bank owned) Merrimac-$182,491        (3 sales, 2 were bank owned) Shiloh-$209,322             (5 sales, 2 were [...]

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Tax Tip from the Expert

The tax credit for energy saving home improvements will be lower in 2011.  The current 30% credit will fall to 10%, the $1500 ceiling will decline to just $500 and there will be lower caps on particular items.  No more than $150.00 can be claimed for furnaces and water heaters, $200 for windows and $300 [...]

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Top 10 Reasons for Getting a New Mortgage in 2011

Rates are still really low. FNMA DU Refi+ and the Freddie Mac Open Access HARP programs are still around through May. You might not have to pay for an appraisal Self-employed people can still get a loan. 100% Financing is available in rural areas (Frederick/Firestone count as rural) FHA has lowered its up-front mortgage insurance [...]

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