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Big changes are in store for those involved in real estate transactions. These changes will make it easier for both sellers and buyers to know in advance the true costs involved in closing. Effective January 1, 2010 a new Good Faith Estimate (GFE) and HUD-1 closing statement form will be required at every closing. The following ...
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BAD NEWS:
INMAN News reported housing construction fell to record lows throughout the month of December 2008 based on statistics released by the US Census Bureau and HUD. Housing permit activity dropped 50% between the period 12/07 to 12/08. Housing starts dropped 45% for the same period.
INMAN News also reported a drop in ...
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