Mortgage - Blog - Coldwell Banker Schmidt REALTORS

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News Alert from the National Association of REALTORS!!

Congress Votes for Home Buyer Tax Credit Expansion As of today – Thursday November 5 – Congress has passed a bill that includes an amendment to extend and expand the homebuyer tax credit. This bill will be sent to President Obama for his signature. The National Association of REALTORS® (NAR) has created a side by side comparison of the ...

Posted by Fred Schmidt @ 10:27 PM on 11/05/2009

Tags: 8000 tax cdreit 8000 tax credit Get a steal grand traverse county real estate Hot property investments Marketing ideas Mortgage Real Estate Blog Traverse City MI real estate traverse city michigan real estate

Bank of America implements Short Sale Platform!

BofA Implements Equator (REOTrans) Platform, as Short Sales Gain Ground 10/22/2009 By: Carrie Bay, reporter for DS News California-based Equator (formerly known as REOTrans) says it has launched the industry's first-ever short sale module for a large national lender. Although Equator declined to name the lender, the San Francisco Chronicle has reported ...

Posted by Fred Schmidt @ 9:57 AM on 11/03/2009

Tags: 8000 tax credit buying tips Cut Costs Experienced Agents Forclosures Get a steal grand traverse county real estate Hot property investments Marketing ideas Mortgage Real estate Real Estate Blog Refinance short sale Traverse City MI real estate traverse city michigan real estate twitter

Will the $8000 Tax Credit be extended?

Passed by the House early in October was a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas. This increases the likelihood that Congress will write an extension of the $8000 tax credit program into 2010 but of course there is no guarantee. Hopefully, lawmakers appreciate the tax credit ...

Posted by Fred Schmidt @ 3:56 PM on 10/26/2009

Tags: 8000 tax credit Forclosures Get a steal grand traverse county real estate Marketing ideas Mistakes buyer make Mortgage Real estate Real Estate Blog Traverse City MI real estate traverse city michigan real estate twitter USA Today wall street news

Video: Buying a home. How to time the market?

There are a lot of people who are taking advantage of the 1) Lowest interest rates in 50 years, 2) Lowest pricing on homes in many years, 3) The widest selecting of inventory in many years for nearly every market and 4)$8000 tax credit for first time home buyers. Take a look at this video for further reasons not to put off that purchase of a home: Traverse ...

Posted by Fred Schmidt @ 1:22 PM on 05/04/2009

Tags: Get a steal Hot property Interest Rates investments Mortgage Real estate Real Estate Blog Traverse City MI real estate traverse city michigan real estate

Foreclosure Home Buyers....Don't miss the "bottom" of this market!!!

Are we at the bottom? How big is the bottom? Today's real estate market could be likened to reminiscing about your 3d grade bus driver in that no one knows how "big" (his or her) bottom was. However, whereas you don't care to know the anatomy of your 3d grade bus driver, you are hoping to foresee and understand the "anatomy" of this unprecedented market low as ...

Posted by Fred Schmidt @ 8:44 PM on 04/20/2009

Tags: buying tips Cut Costs Experienced Agents Forclosures Get a steal Hiring a realtor Hot property Interest Rates investments Marketing ideas Mortgage Real estate Real Estate Blog Traverse City MI real estate traverse city michigan real estate