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Friday, December 21, 2012

Watch A RE/MAX TV Ad

The ad campaign, "For All the Things That Move You," centers on the pivotal life moments – a marriage proposal, a new baby, a student leaving home for college – that drive the decision to buy or sell a home.

New Ad

Land a new job? Need to relocate? RE/MAX can help!

The four new TV ads will appear in 15- and 30-second versions on major network and cable programming. In a fifth, 30-second TV ad in the U.S., RE/MAX CEO Margaret Kelly thanks buyers and sellers for helping RE/MAX earn its two trophies from J.D. Power and Associates. That ad debuted in December during the RE/MAX World Long Drive Championship on ESPN.

Monday, December 17, 2012

Free Home Efficiency Scheduled Soon

January 17th  5pm to 6:30pm

Many homes and businesses are too cold in the winter and too warm in the summer. The idea of making the buildings more efficient while keeping costs down is daunting, and many home and business owners don't know where to begin.

Puget Sound Energy (PSE), Thurston Energy, Echo Energy, Generations Credit Union and the Northwest Energy Team are partnering to provide home efficiency information to home and business owners. The program is called HEAT: Home Efficiency Action Training. This free seminar will be held at the Lacey Library and will give attendees the basics of home efficiency upgrades.

To learn more about this seminar, call 360-357-9167 or visit the Northwest Energy Team website.

Thursday, December 13, 2012

A Year Of Runs In Photos

2012 St Patricks Day 10k

2012 Seattle Rock 'N Roll 1/2 Marathon
2012 Seattle Rock 'N Roll 1/2 Marathon Medals
2012 Oly Trot Thanksgiving Day 4 mile

2012 Jingle Bell 5k

Tuesday, December 4, 2012

New Fannie Mae Guidelines for Investors

Fannie Mae has made some major changes in its polices that now allow real estate investors to purchase up to 20 properties, using renovation loans similar to 203k mortgages.

The new changes that took effect on Oct. 1 are big news for smaller investors, and are designed to help Fannie clear out its inventory of foreclosed properties. Previously, Fannie Mae guidelines limited investors to 10 mortgages on nonowner-occupied residences. And, while the new policy allows the purchase of up to 20 properties by one investor, half of the purchases now are required to be Fannie Mae foreclosures.
Here’s the fine print:
  • Minimum downpayment (on each home) is 30%
  • No mortgage insurance needed
  • Appraisal not required
  • Contributions from sellers and other interested parties are limited to 2%
  • Purchase loans only, no refinances
  • No second homes
  • Properties 11 through 20 have to be Fannie Mae foreclosures
  • 203k type renovation loans available through Fannie Mae finance partner
Investors have to purchase properties through the HomePath program and finance those homes through Fannie Mae’s finance partner, Prospect Mortgage.

Over the past months, investors have stepped into markets all over the country, whether to concentrate on "flipping" properties, or renovating and renting.  I've sold my share of Fannie Mae homes - call me for details.