Arizona Home Talk

New Housing Bill Signed into Law

The Housing and Economic Recovery Act Last week, President Bush signed the “Housing and Economic Recovery Act of 2008″ into law. This $300 Billion rescue plan is aimed at helping struggling homeowners avoid foreclosure, as well as boost confidence in the housing market. Although the bill is several hundred pages long and contains a number of [...]

No More Downpayment Help from Sellers

The new housing rescue  bill President Bush is expected to sign this week will really change things for buyers needing help with their down-payment.  Currently, there are FHA loan programs out there that allow the seller to contribute to the buyers down-payment (providing instant equity for buyers, and less out of pocket costs for buyers).  That [...]