Monday, April 11, 2011

6 real estate headlines: 11-April

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

What new homebuyers need to know
: First-time home buying is well documented as an arduous process, and much of that can be attributed to the sheer number of new and unexpected issues.
Mortgage troubles? Try a house billboard
Wall Street Journal
: Adzookie, a startup based in Anaheim, Calif., will paint its ads on at least 100 homes, keeping them in place for between three months to a year, after which the home will go back to a color of the owner's choice.
What to expect from a home inspection
Arlington Real Estate News
: Things to expect from your inspector: this is a VISUAL inspection � they're not going to cut behind walls, move appliances, or turn on the house near the house to see if it'll flood.
Even short-term FHA shut down will hit housing
: FHA will maintain the ability for lenders to secure case numbers and underwriting will not be impacted either. However, lenders will be challenged to close these loans during a government shutdown as they will not be able to secure mortgage insurance.
What will banks do if FHA is closed?
Wall Street Journal
: If the government shuts down, the Federal Housing Administration will stop accepting new loans.
Great Neighborhoods: McLean Gardens
Washington Examiner
: Built in the 1940s by the federal government to house World War II defense workers, McLean Gardens might be Washington's most unique address.

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