Blog by DULCIE CRAWFORD

IMPORTANT NOTICE OF CLAIMS BAR DEADLINE RE: KITEC PLUMBING CLASS ACTION FOR CLARK COUNTY HOMEOWNERS

July 30th, 2010

If you are a Clark County homeowner who has Kitec plumbing systems in your home, the Court has set a deadline of July 31, 2010 for those who want to opt in to the Class Action Lawsuit.

According to the website, "The Court recently entered an Order establishing a Claims Bar Deadline of July 31, 2010 by which all owners of Clark County homes that contain KITEC® plumbing systems that have NOT a ...

BANK OF AMERICA ANNOUNCES HUGE DROP IN MORTGAGE RATES

July 20th, 2010

This piece of incredible news is just in courtesy of one of our preferred lenders, Aaron Gordon who is a Senior Mortgage Loan Officer at Bank of America. The bank is offering the lowest rates in history, which makes it the perfect incentive for anyone on the fence of buying a home, or considering a home refinance.

So what is low, you may ask? Let's take today's market rate on a 30-year fixed ...

Fannie Mae Intensifies Penalties for Strategic Defaulters

July 2nd, 2010

Seven-Year Lockout Policy for Strategic Defaulters

We would like to share this current update on recent Fannie Mae policy changes designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure. This change will affect homeowners who decides to do a "strategic default," -- when borrowers are walking away from their homes based on the sheer fact that the pro ...

What Tax Records Should You Keep and How Long Should You Keep Them?

June 2nd, 2010

While tax preparation seems to get a little bit easier each year with the prevalence of online tax prep software, there's still one question that leaves many Americans scratching their heads: What records should I hang onto for tax purposes and how long should I keep them?

There are a few basic records that everyone should keep, according to the IRS, including documents that provide evidence ...

NEED TO FILE A TAX RETURN EXTENSION? HERE’S WHAT YOU NEED TO KNOW

April 15th, 2010

If you are one of the over 10 million who can't seem to file their taxes on time, the IRS has made it simpler to get extra filing time. All you have to do is file, either electronically or by snail mail, Form 4868, Application for Automatic Extension of Time to File and you've automatically got six more months, until Oct. 15, to fulfill your tax-filing duties.

Even better, if you're a dillyd ...

GREAT NEWS FOR SHORT SALE FRUSTRATION

February 11th, 2010

On November 30, 2009, the Obama Administration released guidelines and uniform forms for its Home Affordable Foreclosure Alternatives Program (HAFA). Modified HAFA rules for loans owned or guaranteed by Fannie Mae or Freddie Mac will be issued in coming weeks. HAFA does not apply to FHA or VA loans.

HAFA, which will help homeowners who are unable to retain their home under the Home Affordabl ...

HOMEBUYER TAX CREDIT CHANGES AT A GLANCE

February 4th, 2010

First-time Homebuyers and Repeat Homebuyers still have time to take advantage of the tax credit available to them. The following quick reference is from the Federal Housing Tax Credit website. We have provided more links to detailed discussions for each.

If you have questions specific to your situation, please call us at 702-285-1990 and we would be happy to provide answers.

$8,000 First-ti ...

BUYER'S GUIDE TO BUYING A BANK-OWNED OR FORECLOSURE PROPERTY

July 29th, 2009

In today's market, nearly four out of every five homes sold are bank-owned foreclosure properties. These are commonly referred to as Real Estate Owned (REO) properties.

Buying an REO property is very different than a traditional buyer/seller transaction. The process is much more taxing and several more entities are involved in the REO transaction. This can create more time and challenges.

M ...