In This Issue
Fannie Adds Incentive to Avoid Foreclosure
Get Your Tickets For Casino Royale
5 Key Steps To Buying
Homebuilder Stocks on Fire
Paint the Town
A2A logo
RPAC donate 
Calendar
April 28 12pm-4pm Forms Class
April 29 12pm-2pm Lunch&Learn
April 30 8:30am-10am New Member Orientation Class,
Ethics Seminar 10am-1pm
May 6 8:30am-12:30pm Rick DeLuca
May 7 6:30 pm Casino Royale
Home Federal logo
 
 208-468-5129
Deluca ad
Visit Our Sponsor
Greetings!

right tools logoREALTOR University Summit- June 9, 2010 Register today to access 6 hot topic webinars, valued at $180 for FREE through NAR's Right Tools, Right Now initiative. Register Now
 
Topics Include: Building a Self Recruiting Office, 13 Real Estate Blogging Tips, 7 Strategies for Increasing Business Through Communication see them all
 
Fannie Adds Incentive to Avoid Foreclosure
Beginning in July, Fannie Mae will allow financially troubled home owners to complete a "deed in lieu of foreclosure" or a short sale and be eligible to apply for a new Fannie-backed mortgage in two years.

Currently, borrowers who have completed a deed-in-lieu must wait four years to apply for a loan that Fannie will purchase. Home buyers who go through foreclosure must wait five years.

All these waiting periods can be reduced further, if the potential buyer can show extenuating circumstances. "We are beginning to think about post-recession, how you address borrowers who became unemployed through no fault of their own ... and now deserve the right to re-enter the housing-finance system," said Federal Housing Association Commissioner David Stevens.


Source: The Wall Street Journal, Nick Timiraos (04/26/2010)
 
Casino Royale May 7th - Tickets on Sale!

Win a Trip To Las Vegas!
Vegas Sign
On Friday, May 7th
the Ada County Association of REALTORSŪ will be hosting Casino Royale the annual RPAC Fundraiser and you're invited!

What does it cost? - Only $35 per ticket, which counts towards your RPAC contribution.

 
Enjoy a night out with appetizers, drinks and gaming all for only $35 which also counts for your RPAC contribution.Fabulous prizes and a chance to win a trip to Las Vegas!! Get YOUR TICKETS Online! Use your MLS login and password.
 
Location: Stonehouse, Boise (next to the Ram downtown)
The REALTOR Political Action Committee exists to protect the interests of the rest estate profession; in other words, to protect your livelihood. Get involved today!

5 key steps to buying your first home, tax credit or no  -An Article to Share with your client
 
By Stephanie Armour, USA TODAY
As a Realtor, Lacy Williams gives presentations to first-time home buyers about what to expect when buying a home.
 
She often finds she must start at the beginning, helping novice buyers decide whether it makes more financial sense to rent or buy. Then she gets down to the nuts and bolts: how to get a loan, pick a Realtor and look for a home.
Homebuilder Stocks on Fire 
 
By Ben Rooney, staff reporter
 
NEW YORK (CNNMoney.com) -- Shares of major U.S. homebuilders rallied Friday, even as the broader market sputtered, after the government reported a surge in new home sales.

Hovnanian Enterprises (HOV) led the charge, with shares of the New Jersey-based builder up 10% at midday. Pulte Group (PHM, Fortune 500) and Lennar Corp. (LEN) both gained over 5%, while KB home (KBH) and D.R. Horton (DHI, Fortune 500) both rose about 3%.

 
Read More

Join us for Paint the Town

We are now recruiting painters, general handymen & women and painting "apprentices" for one of the eight ACAR Paint the Town  teams - no experience required!

Saturday, June 12th Show your REALTORŪ spirit and help local seniors and disabled homeowners in our community.

Make a difference in your community and sign up now email Judy McLaughlin
 ACAR is a tax-exempt, non-profit corporation with two wholly owned subsidiaries: the Intermountain Multiple Listing Service, Inc. and the REALTORŪ Community Foundation. The MLS operates as a taxpaying corporation, while the Foundation is a 501(c)(3) charitable organization.