Our Blog
That Didn’t Take Very Long
In an effort to avoid being bound by newly implemented RESPA (Real Estate Procedures Act) regulations governing real estate mortgage consumer Good Faith Estimates and Settlement Statements, some mortgage lenders have been providing potential borrowers with worksheets that estimate what their loan might cost.
Early Signs of Recovery
Reporting on all forms of payment, including cash, retail sales rose 3.6% from November 1 through December 24, according to a top credit reporter. Internet sales popped up 18%, consumer electronics rose 5.9% and jewelry sales climbed 5.6%. Major economists had...
It’s Showtime!
Dancing With Realtors ® Saturday, January 16th at 7:30pm Four Points/Sheraton, Leominster Doors open at 7:00 pm The NCMAR Charitable Foundation presents an elegant evening of Ballroom Dance competitions and performances to benefit Habitat for Humanity, North Central...
Employment Market May Be Turning a Corner
The number of people filing new claims for unemployment benefits in the U.S. fell in the latest week to its lowest level in nearly 18 months, a sign the labor market may be turning a corner. Initial claims for unemployment benefits fell by 22,000 to a seasonally...
NAR – Home Sales Up for October/November '09
Home resales are expected to have risen to their highest level in nearly three years in November, as an extraordinary level of federal support has pulled the housing market back from the worst downturn since the Great Depression. Economists project home sales rose 2.5...
HUD Unveils it’s New Settlement Cost Booklet for Borrowers
As the industry approaches the deadline for applying the new Good Faith Estimate and HUD-1 Settlement Statement forms, HUD has made good on its promise to provide a revised Settlement Cost Booklet that lenders and brokers will be required to provide to consumers...
Our Real Estate Market is Not Static!
Single-family, townhouses and condos accounted for nearly 6.10 million units.
DANCING WITH THE REALTORS® Season 3
NCMAR Members to Present: “DANCING WITH THE REALTORS® Season 3” to Benefit Habitat for Humanity The North Central Massachusetts Association of REALTORS® (NCMAR) has gone Hollywood. For the third year, NCMAR will be producing a fund raising event titled “Dancing...
Are You Ready? New GFE and HUD-1 Coming Janruary 1, 2010
After December 31, 2009 you will see a new Settlement Statement at the closing table. The US Department of Housing and Development (HUD) has for sometime been working to revise the Real Estate Settlement Procedures Act (RESPA). The new revisions were just recently...
Short Sale Alternatives
Recently I was asked what the practical alternatives to doing a real estate short sale were. Although evey individual situation is unique and some othre alternative may be available here are some of the more common alternatives.