Goldstein & Levy, P.A., General Counsel Legal Bulletin February 28, 2011 | FHA Waives 90 Day Anti-Flipping Rule Through December 31, 2011 HUD has announced that it has instituted a temporary moratorium on FHA’s 90 day anti-flipping rule. With certain exceptions (such as HUD-owned and bank-owned properties) FHA currently prohibits insuring a mortgage on a…
Goldstein & Levy, P.A., General Counsel Legal Bulletin February 11, 2011 | MD Real Estate Commission Provides Guidance To Agents Holding Open House On February 7 the Maryland Real Estate Commission issued a communication providing clarification and guidance on the proper role of the agent while holding an open house. Some of the more significant…
Goldstein & Levy, P.A., General Counsel Legal Bulletin February 15, 2011 | Is It Time To Repay The First-Time Homebuyer Tax Credit? The IRS has a reminder for homebuyers who took advantage of the first time homebuyer tax credit for purchases which were completed in 2008—it’s time to start repaying the credit. Qualified taxpayers who…
Goldstein & Levy, P.A., General Counsel Legal Bulletin February 3, 2011 | A 25-Year Foreclosure? Recent news stories have focused on the problems and delays that have been encountered throughout the country by mortgage lenders and their attorneys in connection with the management and processing of an overwhelming number of foreclosures on residential properties. A…