ERA Brokers Consolidated Blog

Mortgage rates continue to astound real estate practioners. Rates below 5% coupled with aggressive prices not only on bank foreclosures but also new construction has once again created an amazing opportunity for home buyers. ERA Mortgage continues to lead the market in client satisfaction, low rates, and very low loan costs. Give us ...

Thirty-Year Rates Hit New Low Mortgage rates on 30-year loans slid to a record low for the second straight week, lowering borrowing costs for homebuyers as demand slumps. Rates for 30-year fixed loans dropped to 4.58% in the week that ended Thursday from 4.69% last week, Freddie Mac said in a ...

Missed 8,000 Dollar Tax Credit? Home shoppers who missed the April 30 deadline for a housing tax credit might have the last laugh. For a variety of reasons, they could end up saving more than the $8,000 they could have received from the tax refund. In some neighborhoods and price ranges, ...

National Open House This Saturday! Saturday April 10th, REALTORS all over Utah are hosting an event like no other.   They are holding open houses statewide for you to freely tour at your convenience.  Take advantage of the federal home buyer tax credit now!  You only have days left and interest rates are still low.  Utahrealtors.com has provided a map ...

Tax Credit - Less Than 30 Days Left This is the last month for you to participate in the extended and expanded Homebuyer Tax Credit that was signed into law last November.  The deadline to take advantage of the Tax Credit is April 30.  In order to meet the deadline, you must have ...

Economy grew 5.9% in fourth quarter; CNNMoney.com The U.S. economy grew at a slightly faster pace than originally thought during the last three months of 2009, according to a government report Friday.  The nation's gross domestic product, the broadest measure of the nation's economic activity, grew at an annual rate of ...

CHOOSE CONTINGENCIES CAREFULLY IN OFFERS by Jim Coleman, REALTOR®      The state approved Real Estate Purchase Contract (REPC) provides for special considerations and contingencies when offers are prepared for purchase.  In this day of Short Sales, Foreclosures and REO properties, contingencies in offers may deny acceptance or deter favorable consideration. Buyers may include ...

Is Foreclosure the Only Option? The Home Affordable Foreclosure Alternatives (HAFA) Program is a program that provides additional options to avoid costly foreclosures and offers incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid foreclosures. HAFA simplifies and streamlines the short sale and DIL process ...

New Short Sale Guidelines for 2010 Recently the Treasury Department issues new guidelines for Short Sales  with the intent to streamline and give more stability to the short sale process.  With Short Sales and Foreclosures continuing through 2010  we are glad to see some effort put toward the tedious and time-delayed ...

ERA Franchise Systems New Vice President of Marketing Charlie Young, President and CEO of ERA Franchise Systems just announced Anne Blumenstein as the new Vice President of Marketing for ERA Franchise systems. “I am pleased to announce the appointment of Anne Blumenstein to the position of vice president of the Marketing group, ...