|
Real Estate Experts! Experience you Need Reputation you Trust! Call The #1 Experts at (847)526-0300
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
The Ryan Team is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Welcome > Foreclosure Help & Info ...
HUD offers refi option to some underwater borrowers
(WASHINGTON) - HUD has announced that beginning Sept. 7, FHA will offer some underwater non-FHA borrowers the opportunity to qualify for a FHA-insured mortgage. The FHA Short Refinance option, originally announced in March, has been put in place to help the Obama Administration meet its goal of stabilizing housing markets by offering a second chance to between 3 million and 4 million struggling homeowners. To be eligible for a new loan, the owner must be current on their existing mortgage and their lender must agree to write off at least 10 percent of the unpaid principal balance of the first mortgage. The homeowner must qualify for the new loan under standard FHA underwriting requirements and have a credit score of 500 or higher. Interested homeowners should contact their lenders to determine if they are eligible. FHA mortgagee letter. Newest News:
National News
Foreclosure rate down year-over-year
(IRVINE, Calif.) - The home foreclosure data researcher RealtyTrac reports foreclosure filings were up 4 percent in July compared to June, but were down nearly 10 percent from July a year ago.
Default notices, scheduled auctions and bank repossessions were reported on 325,229 properties nationwide - about 1 in every 397 homes.
Nevada, Arizona and Florida continue to be the top foreclosure states. In Nevada, 1 in every 82 housing units received a foreclosure filing in July. In Arizona, 1 in every 167 homes received notices and in Florida, 1 in every 171 homes was in default.
RealtyTrac said five states account for more than 50 percent of all foreclosures nationwide: California, Florida, Illinois, Michigan and Arizona.
The Homeowner Affordability and Stability Plan announced by President Obama on Feb. 8, 2009, is designed to help up to 7 to 9 million families avoid foreclosure by restructuring or refinancing their mortgages.
- Find program guidelines for Making Home Affordable, the Obama Administration's program offering affordable refinancing on Fannie Mae or Freddie Mac mortgages and loan modifications for those at-risk of foreclosure, at makinghomeaffordable.gov.
- The National Association of REALTORS® provides a summary of the plan for REALTORS® at www.realtor.org.
- NEW! Beginning August 15, FHA borrowers can seek a loan modification to lower their monthly mortgage payments through the FHA-Home Affordable Modification Program
. The Neighborhood Stabilization Program (NSP) is a federal grant program designed to provide emergency assistance for the acquisition and redevelopment of foreclosed and abandoned properties that might otherwise become sources of abandonment and blight within their communities. 
Time to Move >A Well Schooled Decision
The quality of a school district is an important determinant of the market value of a house. For homebuyers with children, the quality and reputation of the local school system may be as critical to their decision as the appeal of the home.
The desire to give their children a quality education usually causes parents who are in the market for a home to ask questions about the local school district. What is the annual expenditure per pupil and the average class size? How do the district's standardized test scores compare with the national mean? Are special education programs available? What percentage of high school graduates go on to college? What is the physical condition of the schools and the district's record in handling school bond proposals? Parents may also want to know the school board's educational philosophy.
A professional real estate agent has the experience and knowledge to help you choose the right community and schools for your family.
|
| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
|
| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
 See More Real Estate Trivia > |
|
|
The Ryan Team
Ryan and Company, Realtors
206 S Main Street
Wauconda, IL 60084
(847) 526-0300
Fax: (847) 526-0380
ryanresults@aol.com
RYAN and COMPANY, REALTORS are a Full Service Residential, Property Management & Commercial Real Estate Company with...Experience & Knowledge you need in todays market!
www.RyanRealtors.com is brought to you by
The Ryan Team
NUMBER1EXPERT™ in real estate for
Wauconda, Island Lake, McHenry and Barrington, Illinois, Foreclosures and Bank Owned Properties, Investment Property Read The Ryan Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
