ScoreCorrect

Homes for Heroes would like to welcome our new affiliate, ScoreCorrect. With credit tightening up, a good credit score is crucial. ScoreCorrect can turn you from a renter into a homeowner. We have found especially with your Military heroes, credit can take negative hits when awaiting VA payments and or settlements, etc. ScoreCorrect is offering their credit repair to our heroes at a substantial discount.

Click here to go to the site.

You protect us, let us help you protect your credit!

Loan Modifications and Short Sales

Homes for Heroes would like to share why loan modifications don’t work, and the sick truth about short sales. Indy Mac slaps you in the face! Click here to play the video.

The Fastest State Trooper

Homes for Heroes loves a State Trooper with a sense of humor!

In most of the northern states, there is a policy of checking on any stalled vehicle on the highway when the temperatures drop down to the single digits or below.

About 3 AM one very cold morning in March of 2004, a state police officer responded to a call: there was a car off the shoulder of the road on the outskirts of town. He located the car, stuck in deep snow and with the engine still running.

Pulling in behind the car with his emergency lights on, the officer walked to the driver’s door to find an older man passed out behind the wheel with a nearly empty vodka bottle on the seat beside him.

The driver came awake when the officer tapped on the window. Seeing the rotating lights in his rear view mirror and the state policeman standing next to his car, the man panicked, jerked the gearshift into ” drive” and hit the gas. The car’s speedometer was showing 20-30-40 and then 50 mph, but it was still stuck in the snow, wheels spinning.

The policeman, having a sense of humor, began running in place next to the speeding, but still stationary, car. The driver was totally freaked thinking the officer was actually keeping up with him. This goes on for about 30 seconds when the patrolman yelled at the man ordering him to “pull over!” the man obeyed, turned his wheel and stopped the engine. Needless to say, the man was arrested and is probably still shaking his head over the state patrolman who could run 50 miles per hour. Who says policeman don’t have a sense of humor?

Most and least affordable cities to buy a house…

Homes for Heroes found this interesting…

Here are the 5 metro areas where the average American family can afford to purchase a median-priced home — and the 5 where they can’t.

Perhaps you would like to see if your metro area is located on this list…

Last U.S. veteran of World War I turns 109

Homes for Heroes wants to wish Frank Buckles a happy birthday!

Washington (CNN) — The last surviving U.S. veteran of World War I, former Cpl. Frank Buckles, turns 109 on Monday and is still hoping for a national memorial in Washington for his comrades.

Read the rest of the story about Frank here.

Homes for Heroes Foundation

Finally, some good news! Homes for Heroes officially received the IRS 501c3 designation for their Homes For Heroes Foundation!

Homes for Heroes has officially received the IRS 501c3 designation for their Homes For Heroes Foundation. The Foundation was started by the Johnson family as heroes with special needs began contacting the original Real Estate organization. With the 501c3 designation, the foundation can begin fund raising activities that will allow them to help heroes with special needs across the country. The Homes For Heroes Real Estate Affiliates will be able to introduce the Foundation to their local communities to help their local heroes with home modifications, education support, new construction and other specific needs for the heroes that have sacrificed for their country and community. The foundation website is the best way to contribute to this worthy cause. Honor those who serve and serve those who honor our great nation.

America’s Most Overvalued Cities

Homes for Heroes wants to share this article on the overvalued and undervalued cities of America.

The bottom line, at least for a few years, is that the average buyer should forget about home purchases as investments. The good news is that, long-term, their home values should appreciate.

How undervalued is your city? Check the list. Read the article here.

Those Who Wait Will Pay Thousands More This Spring

Homes for Heroes would like to share this interesting bit on home buying this spring…

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).

Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board’s mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.

Here are a few reasons why:

On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7,000 down payment, the up-front mortgage insurance will increase by $965. Up-front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal but overall, the increase is still borne by the borrower both upfront and monthly.

Later this spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these “seller concessions” can increase the amount of cash a buyer will be required to pay at closing by $6,000 for a home purchase of $200,000.

There is only one way to avoid being affected by all of these costly changes that lie ahead – submit all FHA mortgage applications by the last week of March.

Rick Kincheloe

Homes for Heroes would like to introduce Rick Kincheloe!

“I decided to join Homes for Heroes as soon as I heard about the program. It is a great way to help out and give back to the men and women that do it for all of us on a daily basis. HFH gives me the opportunity to say ‘Thank You’ to our first responders, fire fighters, police offices and military personnel for all of their hard work in making our country a better place.”

250 Red Bulls return home from Iraq

Homes for Heroes wants to welcome the Red Bulls home.

MINNEAPOLIS - Vikings fans are disappointed with the team’s loss, but a few hundred Minnesota families still had plenty of reason to celebrate Sunday night.

Read the rest here…