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Recent Blog Posts by Brandon Wells

Many Americans Finding Savings in Refinancing!

Courtesy MSNBC Real Estate When mortgage rates dropped to the lowest levels in almost a year, Warren Zeger seized the opportunity to slash $720 off his monthly mortgage payment by refinancing his home in Potomac, Md. Just don't expect him to spend the savings. "I'd love to tell you I'm going to spend it to help prop up the economy, but we've tightened our belts," said Zeger, 61, a retired attorney. ...
Posted by Brandon Wells @ 12:12 PM on 12/09/2008
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First-Time Homebuyer Tax Credit (Info)

 First-Time Homebuyer Tax Credit                                      (Housing and Economic Recovery Act of 2008-H.R. 3221)The Housing and Economic Recovery Act ("the Act") of 2008 (H.R. 3221), which was signed into law on July 30, ...
Posted by Brandon Wells @ 10:18 AM on 10/16/2008
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FHA Responds To Buy & Bail Transactions

FHA Responds To Buy & Bail TransactionsTo address increasing occurrences of the practice known as "buy and bail," FHA has issued Mortgagee Letter 08-25 - Converting Existing Homes to Rentals - Underwriting Instructions. FHA is instituting the following requirements for borrowers who purchase a new primary residence without selling their existing primary residence. The term "buy and bail" refers ...
Posted by Brandon Wells @ 12:15 PM on 10/09/2008
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