Private Mortgage Insurance Changes to Come!

Private Mortgage Insurance Changes to COme!

Big changes coming for Private Mortgage Insurance for FHA!
Starting April 1, 2013, on FHA loans, Private Mortgage Insurance (PMI), will stay with the life of the loan!

Currently if you have 20% equity in your home, you can drop it. But no longer.
You do not need to close on a property by April 1st, but you must be in the process of buying in order to avoid this new regulation.
Plus… the rate for Private Mortgage Insurance is due to increase very soon!

Now, more than ever, is the time to buy!

This could help many people who were waiting to move forward before it is too late and they have to deal with this new situation in the real estate industry!

Ready to buy?
Contact me ASAP:
mjsertik@kw.com OR 412-608-3300
View my listings: http://www.mjsertik.com

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13 Things Most Real Estate Agents Don’t Tell You~But I DO!

13 Things Your Real Estate Agent Won’t Tell You

From hosting an open house to getting an estimate of your property’s value, these real estate tips from the experts ought to help in today’s tough market.

by Michelle Crouch from Reader’s Digest Magazine  | April 2012

 

Great Article in Reader’s Digest!

 

Real Estate News and 2012 Election…

Great Article from Zillow.com

Pennsylvania Roots Were Source of Controversy for Santorum’s 2006 Senate Race

Date:February 14, 2012|Author:Laura Vecsey|Category:Election 2012

Response: (59)1 commentsEmail this

As this presidential election season ramps up, here comes another candidate with another housing issue. During the last presidential election in 2008, Arizona Senator John McCain lost track of how many homes he owned. His Democratic foe, Barack Obama, had questions to answer about his Chicago home and his ties to now-indicted political fundraiser Antoin “Tony” Rezko.

Now, the new GOP front-runner, Rick Santorum, has his own real estate pickle.

The last time Rick Santorum was in the middle of a high-stakes campaign with national implications, he was the incumbent U.S. Senator from Pennsylvania and the No. 3-ranking Republican. But in 2006, when Santorum’s seat was successfully targeted by Democrats, the outspoken conservative found himself trying to answer this question:

Where, exactly, does Santorum call home?

Santorum became mired in a residence controversy after stating that he spent only “maybe a month a year” at his Pennsylvania home on Stephens Lane, which is part of the Penn Hills real estate market just outside of Pittsburgh.

When he was the Pennsylvania senator, Rick Santorum and his family lived in this Leesburg, VA home.  SOURCE: David Pitkin

In reality, Santorum and his family were living in Leesburg, VA, prompting serious questions about why the school district in Penn Hills was paying for his children’s online school tuition for instruction between 2001 and 2004.

Critics complained that Pennsylvania taxpayers were paying 80 percent of the tuition for five of Santorum’s seven children — who lived in Virginia — to attend an online “cyber school.”  The flap forced Santorum to pull his kids from the cyber-school program, but the issue helped doom him against Democrat challenger Bob Casey, who beat Santorum by 18 points. In 2006, the Pennsylvania state Department of Education agreed to pay $55,000 to settle the dispute.

As Santorum surges in polling, the April 24 primary in Pennsylvania will be the first time in six years that the former senator will get tested in what he calls his home state — even though his filing papers with the Pennsylvania Department of State lists his home municipality as Fairfax County, VA. And that very issue of whether or not Santorum is a Pennsylvania resident haunted him not only during his re-election loss in ’06, but again during his bid to become the GOP nominee.

Santorum’s Penn Hills home. Source: Pittsburgh Post-Gazette

On the campaign trail in Iowa last August, where election officials finally awarded Santorum a caucus win over Mitt Romney, Santorum emphasized his Pennsylvania roots by telling a library gathering that he and his wife, Karen, have some fruit trees back home, where they harvested about 600 early peaches and peeled them to make into jam.

He toted about 40 jars of peach preserves to Iowa, where he dubbed them: “Pennsylvania Presidential Peach Preserves.”

The problem for Santorum in representing himself as a Pennsylvanian despite living in Virginia is that Santorum used that same issue against his opponent in his first bid for the 18th District U.S. Congressional seat. In 1990, Santorum attacked incumbent Democrat Doug Walgren for living in McLean, VA, yet Santorum did the same thing when he later served in the Senate.

Santorum bought this Great Falls, VA home for $2 million in 2007.

Meanwhile, since his 2006 re-election defeat, Santorum has since moved into another home in Virginia. In 2007, he spent $2 million to buy a 5,000-square foot home in Great Falls, VA (above).

While Santorum’s financial rise was powered by consulting contracts with fuel producer Consol Energy Inc., faith advocacy group Clapham Group and American Continental Group, a Washington consultancy, as well as media engagements with the Philadelphia Inquirer and Fox News, he has made no secret of his political ambition.

The question is what will Republican voters in Pennsylvania have to say about his “homecoming” on April 24, where another candidate with Pennsylvania ties — Newt Gingrich, who was born in Harrisburg — has fallen way back in polling since his victory in the South Carolina primary.

Check out my new fundraising shop… MJC

Check out my new fundraising shop… MJCares. We are trying to raise funds for Watchful Shepherd.
http://ow.ly/8gWhB Can you help???

Social Media-A NEW Wave of Marketing Capabilities

Social Media Marketing is fast becoming the new way to market products and services. 

Access to the world~wide~web through Social Media Marketing, is becoming a great way to market the fluid real estate market. 

By engaging potential clients, buyers & sellers, it offers a more personal way to interest people in the world of Real Estate and get your property SEEN & SOLD!

In this fast moving technology world, you should settle for no less than a tech-savvy agent who can offer you all there is in the world of Social Media!

Join me for my insights here on my blog, twitter, and my fanpage to see just how quickly homes, property and investing has taken flight!

“LIKE” me on my Fanpage: Mary Jane Sertik

Follow me on my Twitter: @MJSertik

Count-Down to SPRING!

The Big DayMarch 22, 2012
The big day is here. We've made it through the rain and snow; now for some fun in the sun! Best time to Sell is SPRING!