Utah Real Estate, Home Solutions, Salt Lake City Real Estate, Salt Lake
City Homes for Sale, Real Estate in Salt Lake City, Salt Lake Real Estate, Short Sale, Short Sale Help, HAFA ,
HAMP, Utah Military Relocation, Military Relocation Utah, Salt Lake Realtor, Salt Lake City MLS,Linda Bills Real
Estate, Linda Bills, Home Solutions in Utah, Relocation, Relocation packet, Sandy, Draper, Taylorsville, West
Jordan, South Jordan, Bountiful, Salt Lake County,Home Solutions in Utah
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FREE Short Sale
Consultation.
You
have questions.
We have
answers.
Professional Short Sale
Assistance.
 Stop the
Pain
Call Today for a confidential consultation
to discuss your options.
801-347-3384
Linda@LindaBills.com
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Utah Real Estate, Salt Lake City Real Estate, Salt Lake City
Homes for Sale, Real Estate in Salt Lake City, HAFA, HAMP, Home Affordable Program, Short Sale Help, Salt Lake
Realtor, First Time me Buyer Rebate, SaltLake City MLS , Utah Military Relocation, Home Solutions in
Utah, Search the MLS, Mortgage Calculators, Short Sales in Utah, short sale
assistance.
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Areas We
Serve:
We offer professional Real Estate servicefor the following areas:
Salt Lake
County
Salt Lake City, Sandy,
Draper, West Jordan, Taylorsville, West Valley City, South Jordan, Midvale, Murray, Herriman,
Cottonwood Heights
Utah
County
Provo, Orem, Lehi, American
Fork, Saratoga Springs
Davis
County
Bountiful, Farmington, Kaysville,
Clearfield, HAFB Hill Air Force Base, Layton, Syracuse, Centerville
Weber
County
Ogden, Roy, Pleasant View
Tooele
County
Tooele, Grantsville, Dugway, Erda,
Stansbury Park
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Home Sellers -How Much is My
Home Worth? Utah Real Estate values.
Get a hassle free, market analysis of the current value of your home.
Home Buyers - You will get full service from an
honest, experienced, buyer friendly Real Estate Agent. Take a tour of the Salt Lake City
homes for sale Utah Real Estate Home Search It couldn't be easier.
Warning - All FHA Home Buyers
On September 7, 2010 the FHA insured loans are headed for a big change.
If you have been dragging your feet to buy your new home, we better get busy.
On September 7th, the monthly mortgage insurance premium charged for an FHA loan will increase from
.55% to .9%.
This will affect the price of the home that you can qualify for and it will increase your
monthly payment.
Under the new structure, FHA requires a borrower to pay an Upfront Mortgage Insurance Premium
calculated at 1% of the loan amount. The good news is that this is down from the 2.25% currently
required. The bad news, however, is that the monthly figure will increase from a factor of 0.55%
annually to a factor of 0.90% annually.
Let’s look at an example: (assume a $200,000 home purchase)
BEFORE September 7, 2010
Monthly payment including mortgage insurance: $1262
PITI based on 4.375% interest rate (estimated 5.08%APR)
Upfront Premium (2.25%): $4500.00
ON OR AFTER September 7, 2010
Monthly payment
including mortgage insurance: $1307
PITI based on
4.375% interest rate (estimated 5.207%APR)
Upfront Premium (1.00%): $2000.00
NET CHANGES
Your monthly payment will go up $45
These numbers are estimates and the actual figures will come from your mortgage lender.
In order to avoid the higher mortgage insurance rate you need to have an FHA case number assigned
to a specific property prior to Setptember 7, 2010.
Call me today. 801-347-3384
We need to go find a house.
Utah
Military Relocation
Ask for help w ith Utah Military Relocation.
We love and appreciate the the men and women who
serve our country.
Get our expert assistance in making your next Military
move.
We have experience and knowledge in assisting with your
Military Relocation. Ask about our discounts for Military
personnel - Utah Military Relocation, Military Relocation
Utah
Linda Bills welcomes you to the Home Solutions in Utah
Salt Lake City Real Estate website. Whether you are looking for Salt Lake City Homes for Sale, or
if you are looking for a Relocation packet or maybe you need to sell a home in Salt Lake City, Ut
or you are a real Estate investor, . . you've come to the right place. This site provides you with
valuable information for the Salt Lake City Real Estate market.
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Real Estate
Articles
HAFA HAMP Participating Lenders
Here is a list
of HAFA and HAMP Participating Lenders. Foreclosure alternatives may include a loan modication, short
sale or HAFA Foreclosure
program.
Salt Lake
City Real Estate Market and Short
Sales
Where did all the Short Sales go?
Short Sales in our Salt Lake City, Utah Real Estate market
are less prevalent than they were in April of this year.
There are 7767 homes for sale in the Salt Lake market today, 24% of those are short sales. Compare that to
7635 homes for sale in April of this year when 42% of those were short sales.
The number of short sales that closed in the past 12 months was 20% of the total number of homes sold (11,581)
compared to 13% short sales that closed in the 12 months prior to April of this year (11,399).
Read the full
article
Salt Lake City Real Estate Market
Update
The Good News and the Bad News. Salt Lake City Real Estate Market Update First Quarter 2010. Salt Lake
area Home Prices down, number of homes sold
up.
HAFA FAQ
New Short Sale
Laws
10 Big-Impact, Low-Cost Remodeling
Projects
Are you thinking about selling your home?
Here are some ideas that will help you sell your home fast and for top dollar.
This is a list of budget-minded enhancements you can make to your home that will help
it stand out from the competition.
Short Sale Guidelines from the
Government
Government Announces Short Sales Guidelines
The U.S. Treasury Department announced new guidelines this week designed to make
short sales go more smoothly.
Move up Home Buyer Tax
Credit
Good News - The new bill signed into law provides a Move up Home Buyer Tax Credit of up to
$6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after
November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract
signed by April 30, 2010).
$8000 First Time Home Buyer Federal Tax Credit Extended and
Expanded President Obama signed legislation today
that will extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The
controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov.
30.
The bill also creates a $6,500 credit for those who buy a home after living in
their current house at least five years. That measure will apply to contracts signed by April 30 and closed by June
30. The current credit defines a first-time homebuyer as someone who has not owned a residence within the past
three years.
Foreclosures of the Rich and
Famous
You are not
alone. Although the rich and famous are rich and famous, it doesn't mean that they are impervious to
the popping of the real estate bubble. Many have succumbed to real estate woes as of
late.
Two New Programs
Available
Two very exciting things that happened this last
week.
First
: The $8,000 Federal Tax Credit can now be used to as a down payment to
purchase your first home.
Second : The Utah Home Run2 Grant is available
again.
Short Sales with Bank of
America
In a time when the banks and mortgage companies should be doing
everything possible to help move the short sale process along, why are they drawing it out and making it
difficult to sell the home? This is another article about the frustrations of completing a short sale and
trying to buy a bank repo.
The Devastating Effect
that Short Sales Have on Both Buyers and
Sellers.
The problem with a short sale is the devastating and
emotional effect that this lengthy process can have on both Buyers that are trying to buy a house and Sellers
that are trying to sell a house that is going through the Short Sale process.
To help you understand how Short Sales effect both Buyers and Sellers, please
read our article which gives a Time
Line for the Short Sale Process. Don't be one of the causualties of the Short Sale War. If you need to sell a home
get Short Sale Help today.
Short Sales are an Option to Stop
Foreclosure
Utah foreclosures made the top ten in
States with the highest foreclosure rates.
If you need Short Sale
Help in Utah don't drag your feet. Call us today. Don't be one of
the many foreclosure statistics.
Foreclosures have increased despite intervention
FULL STORY ->
Short Sale Options Have Improved - Loan Modification
Options
New provisions give some homeowners a second shot at a home-saving loan modification, while other homeowners may
now be able to take the short sale escape route from foreclosure. Now, mortgage modifications can include
second mortgages -- not just first mortgages -- and
cash incentives are sweetening short sale deals, thanks to new efforts by the Obama Administration. FULL STORY -
>
Housing Markets, Top Rising and Falling
It's always fun to
compare different markets, but this report doesn't mention our Salt Lake City Real Estate Market.
What we're seeing locally, is more homes are being sold, but the prices are still
creeping downwards. However, not as much in other Real Estate markets. We don't take the huge increases in good
markets and as a result, we also don't take the huge decreases.
Short
Sales
Job loss,
divorce, adjustable rate mortgage, credit card debt, death in the family, medical bills...are just a few of the
many reasons why homeowners get behind on their mortgages and may be seeking Short Sales help in Utah. The
important thing to remember is that the short sale process can be a complicated and overwhelming process. You
need someone with the experience and knowledge to make sure that you are able to avoid a Foreclosure in Utah
and take advantage of all the options available to you.
Pre-foreclosure assistance is available anytime.
Do you want to sell your Utah home and get out from underneath
a heavy mortgage, but don't have enough equity in your home to pay commissions and closing cost? I can help! Utah
Short Sales. Our professionals have the experience and knowledge to make your Short Sale process go through quickly
and as easily and painlessly as possible. The first step is to give us a call.
First Time Home Buyers Have An Effect on The Real
Estate Market
Lower Interest Rates and Federal First Time Home
Buyer Rebate
First-time Home buyers accounted for half of all
purchases nationally during the first quarter of 2009 as reported by the National Association of Realtors. 134 out
of 152 metropolitan statistical areas1 reported lower median existing single-family home prices in comparison with
the first quarter of 2008, while 18 metros had price gains.
First-time home buyers were reacting lower prices caused by foreclosures and short
sales, The enticement of the $8,000 Tax Rebate and lower interest rates got a lot of First Time Home Buyers out on
the streets for their dream home. Their sales had a dramatic impact on metropolitan area median home prices in the
first quarter.
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