Negative Equity Refinance Program

Starting September 7, 2010, the Federal Housing Administration (FHA) will offer a new refinance program to qualifying underwater homeowners.  To be able to participate in the program you must be current on your home loan, your credit score must be 500 or above, and the home must constitute your primary residence.  Further, all lien holders […]

Changes Ahead to FIRPTA

Before convening on its August break, the House of Representatives passed the Real Estate Jobs and Investment Act of 2010.  The bill advances the real estate industry’s goal of increasing foreign investment in Real Estate Investment Trusts (REIT). The Bill doubles foreign investors’ allowable ownership interest in a REIT to 10%.  Anything over that percent […]