The Senate has passed a bill to give homebuyers another three months to close on their homes and receive tax credits up to $8,000. The Tax Extenders Bill would apply to homebuyers who met the April 30, 2010 deadline with a signed contract to purchase a new or existing primary residence. The amendment would extend the deadline to September 30, 2010 for homebuyers to close on their real estate trans... Read more

This just in. Looks like relief is in site. But at a Price. The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history. Fannie and Freddie, now 80 percent owned by U.S. taxpayers, already ha... Read more

As you probably know, my buddies Preston and Pete are re-launching Freedom$oft. I've included some "got to have" make it a no-brainer decision bonuses. Click on my audio recording below. You can get all the details and some free entertainment by clicking here ... http://www.RealEstateGranite.com/recommends/freedomsoft.htm I highly recommend getting this brand new technology.... Read more

I found some incredible news for investors… Friday, the FHA has suspended the 90-day anti-flipping rule for 1 year, effective February 1, 2010. So for at least the next 12 months, FHA buyers can obtain loans on properties that have been recently purchased by investors. This is great news for investors trying to flip properties to FHA Buyers! For the next year at least, you wont’ have to ... Read more

It is just something that these services from title to close to fee collection is vertically integrated and owned by banks and mortgage servicers. Wow, what a spiral. Makes you wonder if buying a foreclosure is a good idea, maybe buy directly from the seller in distress before the bank gets it. Hit me up with your thoughts below. NYT: Fees may deter efforts to alter loans Many mortgage compani... Read more