Archive for March 2008

Property Tax Help for Buyers and Sellers

18. March 2008 by admin.

Tax Advantage from MFB Bank:

Tax AdvantageThe Program-

 MFB’s Tax Advantage loan will help qualify a buyer for a home that currently does not have exemptions.   See the comparison below NOTE: There are many other mortgage choices available 

 

Sale Price        $65,000
Loan Amount   $61,750   6.50%  fixed rate 

The buyer makes a voluntary contribution to the escrow account. In most cases the pro-ration of taxes covers the escrow deposit, so there is little or no additional out of pocket expense to the buyer.  

  • Must be Owner Occupied
  • No Seller Contributions
  • No Additional Closing Costs 
  • Standard Market Rates
  • Not Restricted to 1st time Home Buyers
  •  Fixed or Adjustable Rate products 

The Numbers-

Sample Propery: 123 Main Street

*Based on purchase price of $65,000 with 5% down payment   APR 7.34                               

** Rates subject to change

Information provided by Gary Signorino at MFB Bank (574) 273-7679

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New Way to Search South Bend Homes!

13. March 2008 by admin.

Home Buyers Marketing II, Inc. is providing this service in an attempt to locate ready, willing and able buyers for the properties available through the MLS®. The Home Buyers Scouting Report® (HBSR) is a free home finding service of Home Buyers Marketing II, Inc. (HBM II) a licensed real estate brokerage services company that provides the Report directly to homebuyers through a secure, password-protected online service. The Preferred Loan Officer’s role is to assist in determining a comfortable monthly payment and price range for Home Buyers Marketing II, Inc. (HBM II) to use when it is searching for properties within your search criteria. The Preferred Loan Officer is neither an employee of HBM II nor the provider of the Home Buyers Scouting Report® (HBSR).

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Notre Dame Indiana Condominiums

6. March 2008 by admin.

Notre Dame CondosThe Condo Real Estate Market is booming nationwide and is not any different here in the South Bend Notre Dame area.  With sales numbers well above industry standards, the Condo market is strong and appears to be as strong if not stronger than last year.  With sites like Notre Dame Condominiums and South Bend Indiana Condos, finding the Condo or Town Home that fits your needs is easier than ever.  We’ve found the most units are sold to Notre Dame alumni looking for a place to stay for Home Games or Parents of the lucky students attending the University of Notre Dame and  Saint Mary’s College.  To date, we have well over 20 Condominium or Townhome Complexes within a few miles of campus.  Comlexes include:

There’s plenty more to choose from depending on your price range and amenities desired.  Units start at around $50,000 and go up to around $500,000.  For more information please contact Tim Vicsik at (574) 329-9587 or Tim@TimVicsik.com today!

Tim Vicsik
Home Gallery Realtors
(574) 329-9587
Tim@TimVicsik.com
www.TimVicsik.com
www.ND-Condos.com

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Real Estate News for South Bend Indiana

6. March 2008 by admin.

Be a Homeowner!- From HUD (US Department of Housing and Urban Development): The Atlanta Homeownership Center approved the use of two Sales Initiatives on HUD listings in (Illinois, Indiana, North, and South Carolina).  The $100 Downpayment is now available for HUD listings with an effective date of October 5, 2007.

100 Down Payment on HUD Homes!

HUD has announced several new sales incentives on HUD homes that will make
these homes more affordable for homebuyers.

HUD has a special program for a limited time only which allows an owner-occupant buyer to pay only $100 down, instead of the usual required 3% down, and HUD will pay up to 3% of allowable closing costs.

- Homeowners in St. Joseph County and the cities of South Bend, Mishawaka, Granger, Osceola, and Notre Dame now have a resource for Foreclosure awareness and prevention.  It’s called The Indiana Foreclosure Prevention Network.  Below is a snipet from their website…

“The Indiana Foreclosure Prevention Network (IFPN) is a public-private partnership of community-based organizations, government agencies, lenders, realtors, and trade associations that has devised a multi-tiered solution to Indiana’s foreclosure problem. This statewide initiative includes a targeted public awareness campaign, a telephone helpline, an educational website, and a network of local trusted advisors.” 

Offering third-party non biased information to the general public, IFPN is out to make a difference in Indiana and in a time of need.  The state of Indiana is one of the highest Forclosure states in the US, this is a giant step towards lowering that statistic!

Tim Vicsik
Home Gallery Realtors
www.TimVicsik.com
www.ND-Condos.com
Tim@TimVicsik.com

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