The PACE (Property Assessed Clean Energy) was a finance program initiated in California to allow home owners and businesses to create jobs, reduce energy bills and reduce green house emissions.
There is a $110 million earmarked for this program through the Economic Recovery Act. From this fund, home owners and businesses may borrow to pay for energy efficient upgrades. It is a loan that is paid back through an elective assessment on the property that is improved.
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Added by ChaseNation on August 25, 2010 at 12:42pm — No Comments
Knowing and understanding the differences in roofing material can help you determine how long a roof will last, and how expensive it is to maintain. Follow the link below for a description of the following types of roofing material:
Wood Shakes and Shingles
Metal Roofs
Synthetic/artificial
Composite shingles or Asphalt
Clay, Concrete, and Slate Tiles
See: Roofing Mater
… ContinueAdded by Josh Talayka on August 25, 2010 at 11:52am — No Comments
In the latest issue of Unique Critique from Ultimate Homes Magazine, Mark Moffa discusses the sale of a London penthouse and what it means for the U.S. luxury market. See the full article here.
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The FHA 203k Renovation Loan allows a borrower to roll repair/renovation costs into their FHA loan. The repairs/renovation can include optional renovations/upgrades such as: interior and/or exterior paint, new flooring, kitchen/bath remodel, Energy Efficient Improvements, landscaping, etc. The process in obtaining and utilizing an FHA 203k loan can be very simple when working with the right loan officer who understands the program, and offers advantages to everyone involved in t
… ContinueAdded by Josh Talayka on August 16, 2010 at 2:04pm — 1 Comment
Added by ChaseNation on August 13, 2010 at 10:31am — No Comments
An Energy Efficient Mortgage (EEM) allows a borrower to finance the entire (100%) expense of a cost effective “energy package” when made in conjunction with a VA purchase loan or a refinance loan.
A cost-effective package is where the cost of the improvements plus maintenance is less than the present value of the energy saved over the useful life of those improvements.
Types of modifications allowed in the EEM program (but not limited to) include:
Solar heating systems
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The federal government's guidelines for standardizing short sales have been in effect since April 5, 2010. These guidelines are an addition to Obama's Making Home Affordable program. The new HAFA program is designed to offer an alternative solution in the form of a standardized short sale for homeowner's who meet minimum eligibility for the Home Affordable Modification Program (HAMP), but are still unable or unwilling to work out a plan to stay in their home. The program offers cash incentive
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Added by Michelle Plevel on August 2, 2010 at 5:29pm — No Comments
Homes are continuing to sell in Tahoe Donner! 13 homes sold last month. The lowest priced home sold for $350K and the highest priced home sold for $1.1 mil. The average home sale price was $567,500 and the median home sale price was $490K. The average days on market for homes sold was 126 da… Continue
Added by Jean Ludwick on August 1, 2010 at 8:34pm — No Comments
A foreclosure is a legal process whereby a lender takes back real property after a borrower has failed to make loan payments. Nevada allows for two different types of foreclosures, judicial foreclosure and non-judicial foreclosure. Each type of foreclosure has different timelines.
However, because non-judicial foreclosures are the most common form of foreclosure in Nevada, the timelines outlined in the link below will refer to those in a non-judicial foreclosure.
… ContinueAdded by Josh Talayka on July 30, 2010 at 11:47am — No Comments

Added by Michelle Plevel on July 27, 2010 at 11:37am — No Comments
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