1) Are any lenders doing the 8,000 tax credit monetization? – Remember all the talk about a month about about how you can use your 8000 first time home buyer tax credit towards your down payment or for closing costs? Well, while it is technically possible to do so, it looks like it is impossible because no one is actually funding the loans.
2) NAR to come out against the HVCC – Anyone who follows me on Twitter knows my feelings of the new HVCC appraisal rules (not a fan). Here are some posts from yesterday about NAR trying to do the right thing. NAR anti appraisal reform lobbying effort, NAR blame appraisers fro stalling housing recovery.
3) Step 2 to understand the short sale process – Dale had forget login as step 1, step 2 could have been titled forget logic again as he looks at the common question when will I hear from the bank.
4) Getting your FHA 203K closed – Tips for Realtors – If you have a client who is considering an FHA 203k loan here are some good pointers from the contract to inspections.
5) Foreclosures near light rail – good or bad? – This post is a great example of micro-targeting and knowing your audience. Nick picks the light rail as his target and talks about the market within a half mile of the rail.
BONUS: For a bonus post, REBarCamp San Francisco August 4th – Hope to see you all there!
There is plans to expand the METRO in the coming years and hopefully central and east Mesa will be included in those plans. Until then we will have to just deal with what we have, which is a new clean, quick and convenient way to get to Tempe and downtown Phoenix.
