Our Blawg
Home Sales Up for September
Existing home sales rose 9.4% in September to a seasonally adjusted annual rate of 5.57 million units from 5.1 million units in August. The increase was largely due to the tax incentive for first-time homebuyers.
read moreThe "Good Funds" Statute
Enacted in 1994 "The Good Funds Statute" addressed the situation that first arose in the Abbey Financial case, where a lender failed to fund a loan which had already closed, the closing attorney was left in the difficult position of either having closed the loan and...
read more$8,000 Home Buyer Tax Credit at a Glance
The information on this page pertains to the American Recovery and Reinvestment Act of 2009. The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence...
read moreDepartment of Housing and Urban Development
For the first time in more than 30 years, the U.S. Department of Housing and Urban Development has issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will...
read moreOn Line Document Recording
Middlesex County, North District and South District, Registries of Deeds are accepting the electronic filing of documents. That means settlement and escrow agents may file real estate documents with the Registry of Deeds remotely by scanning the documents and...
read moreHome Builders Remain Confident in January
Home builders maintained December’s confidence level according to the National Association of Home Builders (NAHB) Housing Market Index for January. The latest reading of 60 mirrored December’s reading, but was two points lower than expected. Readings of more than 50 indicate that more builders were confident about housing conditions than those who were not.
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