So if you’ve been thinking about buying a house (condo, townhouse, duplex, etc.) but weren’t planning on putting any money down, the time to do that would be now. As in right now. Why? Because, according to the provisions of the “Housing Rescue Act”, no-down-payment loans will be disappearing. Actually, these types of loans have been gone for some time now, but there was a loophole. Up until now, there have been a handful of loan programs in which a 3% ... Read More

Today, President Bush signed the “Housing Rescue Bill.” So it seemed like as good a time as any to learn about it. There’s a lot to it, and a lot of fine print. But a couple of things stood out to me, as someone who represents buyers and sellers here in the real world: Foreclosure “rescue”: Homeowners facing foreclosure can refinance into low-cost fixed rate loans insured by FHA. But “can” is a tricky word. There are a lot ... Read More