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Wednesday, January 28, 2009
Saturday, January 17, 2009
Downpayment Assistance Program
DPAGroundSwell2 was launched today to coincide with the introduction of H.R. 600, FHA Seller-Financed Downpayment Reform Act of 2009, by Representative Al Green (D-TX). H.R. 600 is the 2009 version of last year's bill (H.R. 6694) that would restore seller-funded downpayment assistance (DPA).
Reformed DPA will help stimulate the housing market by providing working-class Americans with a path to homeownership and generate $150 billion in home sales this year. Purchasing a home now puts homebuyers in a position to build equity as markets recover.
CONGRESS INTRODUCES BILL THAT WOULD REINSTATE DOWNPAYMENT ASSISTANCE: NEHEMIAH RESPONDS
- Bill Would Broaden Opportunities for Sustainable Homeownership Without Government or Taxpayer Dollars -
Sacramento, CA, January 16, 2009 -- The following statement was issued today by Scott Syphax, president and CEO of the Nehemiah Corporation of America in response to H.R. 600, a bill introduced in Congress that would reinstate seller-funded downpayment assistance (DPA). Prior to the October 1, 2008 ban on DPA, Nehemiah was the oldest and largest provider of downpayment assistance.
"There is an overlooked solution to today's housing crisis and fortunately several members of Congress recognize the role DPA plays in getting us there. We commend Congressman Al Green [and additional members of Congress] for working tirelessly to support a bill (H.R. 600) that creates opportunities for sustainable homeownership, which serves as the cornerstone to strengthening a crumbling housing market and breathing life back into the economy. With foreclosures on the rise and banks maintaining their stranglehold on credit, DPA offers a simple solution without spending a single government or taxpayer dime according to the Congressional Budget Office. Further, it enables worthy families to take advantage of depressed home prices, therefore reducing the glut of homes on the market. We urge Congress to reach across the aisle and prioritize broadening opportunities for responsible homeownership in America by reinstating DPA."
http://www.nehemiahcorp.org/
Copyright © 2008 Nehemiah Corporation of America. All Rights Reserved
Broker of Texas Sold Team Realty, Cindy Stewart, talks about DPS:
This program alone will really kick off the market!
By losing the DPA it is likely to be one of the biggest reason that people are not buying. They don't have enough cash to make the down payment.
I would say that 99.9 percent of our clients that used this help are still in their homes.
1- Because they had a good job and credit, just not cash. If we lend smart we will keep our people in homes and buying homes.
2- This will help investors the most.
3- This will bring back the under 200K buyers by the droves.
Reformed DPA will help stimulate the housing market by providing working-class Americans with a path to homeownership and generate $150 billion in home sales this year. Purchasing a home now puts homebuyers in a position to build equity as markets recover.
CONGRESS INTRODUCES BILL THAT WOULD REINSTATE DOWNPAYMENT ASSISTANCE: NEHEMIAH RESPONDS
- Bill Would Broaden Opportunities for Sustainable Homeownership Without Government or Taxpayer Dollars -
Sacramento, CA, January 16, 2009 -- The following statement was issued today by Scott Syphax, president and CEO of the Nehemiah Corporation of America in response to H.R. 600, a bill introduced in Congress that would reinstate seller-funded downpayment assistance (DPA). Prior to the October 1, 2008 ban on DPA, Nehemiah was the oldest and largest provider of downpayment assistance.
"There is an overlooked solution to today's housing crisis and fortunately several members of Congress recognize the role DPA plays in getting us there. We commend Congressman Al Green [and additional members of Congress] for working tirelessly to support a bill (H.R. 600) that creates opportunities for sustainable homeownership, which serves as the cornerstone to strengthening a crumbling housing market and breathing life back into the economy. With foreclosures on the rise and banks maintaining their stranglehold on credit, DPA offers a simple solution without spending a single government or taxpayer dime according to the Congressional Budget Office. Further, it enables worthy families to take advantage of depressed home prices, therefore reducing the glut of homes on the market. We urge Congress to reach across the aisle and prioritize broadening opportunities for responsible homeownership in America by reinstating DPA."
http://www.nehemiahcorp.org/
Copyright © 2008 Nehemiah Corporation of America. All Rights Reserved
Broker of Texas Sold Team Realty, Cindy Stewart, talks about DPS:
This program alone will really kick off the market!
By losing the DPA it is likely to be one of the biggest reason that people are not buying. They don't have enough cash to make the down payment.
I would say that 99.9 percent of our clients that used this help are still in their homes.
1- Because they had a good job and credit, just not cash. If we lend smart we will keep our people in homes and buying homes.
2- This will help investors the most.
3- This will bring back the under 200K buyers by the droves.
Wednesday, January 14, 2009
Keller News
The Keller City Council on Tuesday:
Issued a notice of intent to issue $8.45 million in certificates of obligation, bonds that do not require a vote, to pay for previously committed projects including a fire station, drainage improvements, park land acquisition, and parking lot improvements for Johnson Park.
Updated an interlocal agreement with Tarrant County to begin the third phase of Rufe Snow Drive improvements, which are scheduled to begin construction this summer. The council approved a resolution expressing intent to reimburse cost for this project with future bond proceeds.
Approved a bid for traffic signals to be installed at the Keller-Smithfield Road intersection with Bear Creek Parkway East and emergency signals on Bear Creek Parkway at Fire Station No. 4.
from http://www.kellercitizen.com/
The Keller City Council on Tuesday:
Issued a notice of intent to issue $8.45 million in certificates of obligation, bonds that do not require a vote, to pay for previously committed projects including a fire station, drainage improvements, park land acquisition, and parking lot improvements for Johnson Park.
Updated an interlocal agreement with Tarrant County to begin the third phase of Rufe Snow Drive improvements, which are scheduled to begin construction this summer. The council approved a resolution expressing intent to reimburse cost for this project with future bond proceeds.
Approved a bid for traffic signals to be installed at the Keller-Smithfield Road intersection with Bear Creek Parkway East and emergency signals on Bear Creek Parkway at Fire Station No. 4.
from http://www.kellercitizen.com/
Thursday, January 8, 2009
Homebuyers
Now, no matter where you live in the United States, owning your own home may be more affordable than you think!
If you are currently renting or wanting to move up, HomeSteps would like to help you on your way to homeownership.
We will pay up to 3.5%* of your purchase price in closing costs for all offers presented on HomeSteps homes between October 23, 2008 – January 31, 2009.
To qualify for this great money-saving offer, just ask your real estate agent to show you the available HomeSteps homes in your area and to include this closing cost offer at the time of your initial offer on a HomeSteps home.
If you want more information please give me a call at 817-501-7309 oe email Joana@soldteam.net
.
This was provided by HomeSteps, a Freddie Mac Unit.HomeSteps® 2008 Ask An Agent Sales Promotion
Now, no matter where you live in the United States, owning your own home may be more affordable than you think!
If you are currently renting or wanting to move up, HomeSteps would like to help you on your way to homeownership.
We will pay up to 3.5%* of your purchase price in closing costs for all offers presented on HomeSteps homes between October 23, 2008 – January 31, 2009.
To qualify for this great money-saving offer, just ask your real estate agent to show you the available HomeSteps homes in your area and to include this closing cost offer at the time of your initial offer on a HomeSteps home.
If you want more information please give me a call at 817-501-7309 oe email Joana@soldteam.net
.
This was provided by HomeSteps, a Freddie Mac Unit.HomeSteps® 2008 Ask An Agent Sales Promotion
Homebuyers
Now, no matter where you live in the United States, owning your own home may be more affordable than you think!
If you are currently renting or wanting to move up, HomeSteps would like to help you on your way to homeownership.
We will pay up to 3.5%* of your purchase price in closing costs for all offers presented on HomeSteps homes between October 23, 2008 – January 31, 2009.
To qualify for this great money-saving offer, just ask your real estate agent to show you the available HomeSteps homes in your area and to include this closing cost offer at the time of your initial offer on a HomeSteps home.
If you want more information please give me a call at 817-501-7309.
This was provided by HomeSteps, a Freddie Mac Unit.HomeSteps® 2008 Ask An Agent Sales Promotion
Now, no matter where you live in the United States, owning your own home may be more affordable than you think!
If you are currently renting or wanting to move up, HomeSteps would like to help you on your way to homeownership.
We will pay up to 3.5%* of your purchase price in closing costs for all offers presented on HomeSteps homes between October 23, 2008 – January 31, 2009.
To qualify for this great money-saving offer, just ask your real estate agent to show you the available HomeSteps homes in your area and to include this closing cost offer at the time of your initial offer on a HomeSteps home.
If you want more information please give me a call at 817-501-7309.
This was provided by HomeSteps, a Freddie Mac Unit.HomeSteps® 2008 Ask An Agent Sales Promotion
Tuesday, December 16, 2008
Ever notice how most homes are designed to fit the average family, with average needs and average incomes?
But what happens if you're not average? …………..Sterling Oak is a custom home builder in the North Tarrant, South Wise and South Denton Counties. We believe that houses can be beautiful, but the owner's taste and unique selections make houses homes. And when your house reflects your personality, you feel at home.
At Sterling Oak, we want to help you create your dream home regardless of the size or your budget.
At Sterling Oak each home is constructed the old-fashioned way – through quality construction and a commitment to serving our clients. It is the way homes used to be built and the way Sterling Oak builds them today - with pride and attention to detail. Yet, we rely on our state-of-the-art processes and technology to get you the best products and prices. We are committed to the highest standards in new home construction.
That is why we are designated as a Graduate Master Builder by the National Association of Home Builders and a Texas Star Builder by the State of Texas. Our goal is to build a home you will love every day you live there.We offer innovative designs that are not only flexible, but can reflect your distinctive tastes. And if you want to start from scratch, we can do that as well.We urge you to visit any one of our models and compare us to those of other builders. Once you do, we're confident that you will discover the unbeatable value Sterling Oak offers.
Gary M. Schecter
President
But what happens if you're not average? …………..Sterling Oak is a custom home builder in the North Tarrant, South Wise and South Denton Counties. We believe that houses can be beautiful, but the owner's taste and unique selections make houses homes. And when your house reflects your personality, you feel at home.
At Sterling Oak, we want to help you create your dream home regardless of the size or your budget.
At Sterling Oak each home is constructed the old-fashioned way – through quality construction and a commitment to serving our clients. It is the way homes used to be built and the way Sterling Oak builds them today - with pride and attention to detail. Yet, we rely on our state-of-the-art processes and technology to get you the best products and prices. We are committed to the highest standards in new home construction.
That is why we are designated as a Graduate Master Builder by the National Association of Home Builders and a Texas Star Builder by the State of Texas. Our goal is to build a home you will love every day you live there.We offer innovative designs that are not only flexible, but can reflect your distinctive tastes. And if you want to start from scratch, we can do that as well.We urge you to visit any one of our models and compare us to those of other builders. Once you do, we're confident that you will discover the unbeatable value Sterling Oak offers.
Gary M. Schecter
President
Monday, December 15, 2008
Real Estate Financial News
We’ve reached a juncture in the credit markets where it really doesn’t matter how low interest rates go -- banks are refusing to lend and consumers either have no desire to borrow – or they are in such troubled financial straits they can’t meet the qualification criteria for a loan.
So what’s the Fed to do?
Many believe the Fed will announce in their post-meeting statement tomorrow afternoon (2:15 p.m. ET) that the answer to rekindling economy growth is actually quite simple – print money like crazy.
In a nutshell the idea here is that by flooding the economy with money – banks will ultimately find themselves bursting at the seams with capital – and they will essentially have no other option than to start lending.
As the short-term credit market swings back into action, business confidence will rise, employment will improve and the engines of commerce will roar back to life.
For more information contact:
Silver Oak Mortgage
Lisa Warren
Branch Manager
751 E Southlake Blvd Ste 100
Southlake, TX 76092
office 817-410-2518
fax 817-410-2519
We’ve reached a juncture in the credit markets where it really doesn’t matter how low interest rates go -- banks are refusing to lend and consumers either have no desire to borrow – or they are in such troubled financial straits they can’t meet the qualification criteria for a loan.
So what’s the Fed to do?
Many believe the Fed will announce in their post-meeting statement tomorrow afternoon (2:15 p.m. ET) that the answer to rekindling economy growth is actually quite simple – print money like crazy.
In a nutshell the idea here is that by flooding the economy with money – banks will ultimately find themselves bursting at the seams with capital – and they will essentially have no other option than to start lending.
As the short-term credit market swings back into action, business confidence will rise, employment will improve and the engines of commerce will roar back to life.
For more information contact:
Silver Oak Mortgage
Lisa Warren
Branch Manager
751 E Southlake Blvd Ste 100
Southlake, TX 76092
office 817-410-2518
fax 817-410-2519
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