Goodbye, Home Valuation Code of Conduct
July 19, 2010 by Jon Tipton · Leave a Comment
Since November 2008 at the time of HVCC’s inception, I’ve been awaiting its demise. “This too shall pass” have been words of wisdom passed down for generations. Last Thursday’s passage of legislation makes sweeping changes to the nation’s financial regulatory system. HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act includes the first modernization [...]
Salute to Uncle Sam
July 2, 2010 by Dave Tipton · Leave a Comment
The Story of Our Real Live Uncle Sam For close to 200 years the U.S. government as a whole had been known as “Uncle Sam”, but where did the name come from? You might assume that the original Uncle Sam was a well known political figure, but the man himself had more to do with [...]
U.S. House Approves Tax Credit Extention
June 30, 2010 by Rick Frissell · Leave a Comment
The U.S. House of Representatives, in a 409-5 vote, passed a bill that would extend for three months Wednesday’s deadline for closing on a home purchase in order to claim the federal homebuyer tax credit. The Senate could vote on the bill, HR 5623, as soon as tomorrow, although the death of Sen. Robert Byrd, [...]
Strategic Default May Cost Eight Years
June 7, 2010 by Jon Tipton · 1 Comment
Since median home values have dropped by 10% from April 2009 to April 2010, this has many considering a “strategic default” on their mortgage. A strategic default is when homeowners who are upside down on their mortgage purposely stop paying without any legitimate hardship i.e. divorce, job loss, etc. Some “strategic defaulters” have run up [...]
Memorial Day- A Day of Rememberance
May 29, 2010 by Dave Tipton · Leave a Comment
Many of our countrymen will observe Memorial Day this “last Monday in May” holiday with travel, shopping and picnics. I don’t think that there is anything wrong by celebrating the holiday in this manner. As with any other major holidays, celebrating usually involves family and friends. What we must never do though is forget [...]
