To Discourage Rush Closings, Reduce Last Minute Rescues, and Cut Down Closing Table Changes Both buyers and sellers need to be aware of the changes brought about by the HVCC (see article below) and the Housing and Economic Recovery Act (HERA), which goes into effect July 30, 2009. HERA is intended to better inform the consumer, … Continue reading HVCC, HERA Disclosure Timeframes Slow Closing Process, Ensure Accuracy
Month: July 2009
Smooth vs. Quick Settlements under HVCC
What the Home Valuation Code of Conduct (HVCC) Means to You Both sellers and buyers must be aware of the Home Valuation Code of Conduct (HVCC) legislation recently enacted in response to the mortgage crisis brought on by lenders who took unacceptable risks. This is a legislative effort to create consistent business practices among lenders … Continue reading Smooth vs. Quick Settlements under HVCC
FHA 203K Renovation Loans: Buy AND Renovate with One Loan!
Available for ANY Home at ALL Income Levels How do you buy a house in need of repair and finance the repairs all at the same time? Most mortgage financing plans provide only permanent financing. That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition and value … Continue reading FHA 203K Renovation Loans: Buy AND Renovate with One Loan!
Your luxury Real Estate Specialist 