Real Estate and CLUE Reports

FHA Policy Changes Coming Soon

The FHA recently announced policy changes on their lending guidelines.  These new policies are expected to go into effect this spring or early summer with no specific date set yet.  The most notable changes are that the amount of seller contributions to buyers closing costs are being reduced and upfront mortgage premiums are going up. 

For more information please visit our Home Loans and Mortgage Resources page of our website.

Keller Williams Kingwood Concert Series

Mark your calendars for the Keller Williams free concert series at Kings Harbor.  The next concert is Friday, March 19th from 7-10pm!

It's Officical!  Home Buyer Tax Credit Extended!

Not only has the $8,000 home buyer tax credit been extended for first time buyers, but it has expanded to offer up to a $6,500 tax credit for eligible repeat buyers.  Plus the income limits have been increased opening up the program for more opportunities.

See more information about the Home Buyer Tax Credit.

Comprehensive Loss Underwriting Exchange (C.L.U.E)

Don't have a clue what a CLUE report is?  Most insurance companies contribute information about claims to an insurance industry databaseknown as CLUE (a registered trademark of Equifax, Inc.). An insurance company obtains a CLUE report when evaluating an application for insurance. The report contains information about the claims history of the property.

It is best to speak with an insurance agent with respect to how the information in a particular CLUE report affects the affordability and availability of insurance.

A property owner may, for a fee, obtain the CLUE report on his or her property through companies such as ChoicePoint, Inc. (www.choicepoint.com or www.choicetrust.com), A-Plus (800-709-8842) or other companies, most of whose services are accessible via the Internet. An owner may also contact the Equifax Insurance Consumer Center at 800-456-6004.