Hampton Roads Real Estate Blog
The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. You choose how you want to withdraw your funds, whether in a fixed monthly amount or a line of credit or a combination of both.
You can also use a HECM to purchase [...]
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Banks could get government incentive payments for allowing borrowers to sell their home at a loss rather than go through foreclosure, under guidelines recently issued by the Obama Administration.
The program, known as Making Home Affordable (MHA), focuses on paying lenders to modify distressed borrowers’ loans to affordable levels. MHA provides $75 billion for sustainable mortgage [...]
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Time is running out for Hampton Roads first time home buyers…
The Government program for the $8000 tax credit will expire on November 30, 2009.
FIRST TIME HOME BUYERS TAX CREDIT INFORMATION
1. Amount of Credit - 10% of purchase price, not to exceed $8,000
2. Eligible Property - Single family residence (principal residence)
3. Not Refundable- Reduces or eliminates [...]
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Senator Jim Webb
Senator Mark Warner
To find out how your Senator is voting, click on the link below.
Senate Voting Roll Call Votes
Who is My Representative (based on your Zip Code)
Representative Bobby Scott
Representative Rob Wittman
To find out how your Representative is voting, click on the link below.
House of Representatives Roll Call Votes
Jan McPheter’s [...]
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