Congress Fails to Act on Loan Limits

Congress failed to extend the FHA and GSE mortgage loan limits. On Oct. 1, those limits declined in 669 counties in 42 states, including 16 counties in KY for FHA loans. The new limits will be equal to 115% of local area median home price (from 125%). The high cost cap will fall from $729,750 [...]

What The Heck Is A RESPA???

The Real Estate Settlement Procedures Act, commonly referred to as RESPA, was passed by Congress in 1974 to give consumers certain information and protections when financing a home. RESPA applies whenever a consumer obtains a conventional, FHA, VA or HUD loan. RESPA is administered by HUD. The Act prohibits those involved in the settlement of [...]

Stigmatized Properties (Just in time for Halloween ;-)

There is no specific stigmatized property law in the State of Kentucky. If you want to know whether there has been a murder, suicide, violent crime or ghost in a particular home, you must ask the question. Once asked, the seller or the seller’s agent must disclose the information. However, without being asked, there may [...]

Old School Marketing?

Let’s go old school for a moment. Trust me; I am not saying online marketing (social media) should not be No. 1. But until humans become robots and do not have eyes, there are other ways to market as well. Here are some ideas I have come up with to market yourself offline: 1. FSBO’s- [...]