Real Estate Information Archive

Shortsale Financing

Monday, October 19, 2009

by The Pilgrim Team

There is a rumor floating around in the Useful Information about York PA area that "FHA, VA finacing is not acceptable for shortsales". This is the furthest from the truth. The Lender who makes the decision regarding the shortsale approval's want to see a Home Financing pre-approval and then the mortgage commitment prior to the settlement. As long as the Buyer finds a lender who will provide the financing for the shortsale they could care less what financing ultimately helps pay for the property. Don't let anyone tell you otherwise!

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Cozy Clean and Ready for New Ownership!

Monday, October 19, 2009

by The Pilgrim Team

Call Jerry Pilgrim now at 717-757-5955 to see this home or any other home you may see or go to: http://www.PilgrimTeam.com

Click Here to Search the ENTIRE York County MLS - Updated Hourly - Large Photos - Easy-to-read Maps

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Harley Davidson-York County

Thursday, October 15, 2009

by Jamie

Harley Davidson released their 3rd quater earningsreport today. Harley profits are down 84% in the 3rd quater. When speaking in dollar amounts this equals 26.6 million compared to 166.5 million in 2008. Harley also announced that they will be getting rid of the Buell style motorcyle. They are discontinuing the Buell so they can concentrate more on the Harley Davidson line. Even though it sounds like dismal news, this quaters earnings are not as low as last quaters. Last quater they were reportedly down 91%. Harley Davidson is still considering relocating its York County plant to another location. A decision on the future of the York Harley Davidson plant is expected later this year.

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Extend the Home Buyer $8,000 Tax Credit

Thursday, October 15, 2009

by Jerry

The $8,000 Tax Credit is set to expire November 30th. Currently Congress is deliberating on to either let it expire or possibly extend the credit with modifications. The talk is that they could raise the credit to as high as $15,000 for all buyers (this means not just for 1st time home buyers). With the state of the economy nationally and the fact that local economy (Useful Information about York PA) is so depended on real estate related goods I believe if anything that needs a continued stimulus is real estate. I wouldn't have said that before this all started but since the government started down this road they have to finish what they started and don't let this vehicle run out of gas now. If they don't extend this to all home buyers it could be devastating nationally.

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Entertain with Style!

Tuesday, September 22, 2009

by Professional Realty Associates

Call Jerry Pilgrim now at 717-757-5955 to see this home or any other home you may see or go to: http://www.PilgrimTeam.com

Click Here to Search the ENTIRE York County MLS - Updated Hourly - Large Photos - Easy-to-read Maps

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York Fair

Thursday, September 17, 2009

by Mike

The York Fair is underway right now. It actually started on 9/11/09 and wraps up this Sunday 9/20

Due to the state of the economy they have added some more free Entertainment to the lineup for this year.

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York Fair

First Time Home Buyers Tax Credit

Thursday, September 17, 2009

by Mike

While there have been rumors of the government extending the deadline for the first time buyer 8000 Tax Credit, nothing has officially happened yet.

There's still time to beat the deadline of November 30, 2009 but time is running out!

Turnaround times on most loans right now is averaging 45 days so buyers will need to have an accepted offer on their home of choice within the next few weeks. Some lenders are already giving Realtors a heads up that they could be backed up with loans due to the rush of buyers trying to beat the deadline.

If you have any questions or need more information feel free to ask us.

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Foreclosures on the Rise

Wednesday, September 16, 2009

by Jerry

According to the publication "Residential Specialist" one million foreclosures were filed in the first 5 months of 2009 and could reach 2.4 million by the end of the year. The Center for Responsible Lending (CRL), a nonprofit policy group, CRL estimates that these foreclosures could affect as many as 70 million nearby households and contribute to lost property values totaling $502 billion, or about $7,200 per family.

My goal as a Certified Distressed Property Expert (CDPE) is to help people to avoid Foreclosure either by Loan Modification or a Short Sale. If you know someone who may have a reduction of income or job loss or may have experienced time off work due to health issues or possibly some other valid reason for not being able to make a payment please contact me for a confidential meeting. I am here to help.

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