Here we will feature Massachusetts Real Estate news articles, tidbits and information we come across and feel is important to share with our students and fellow real estate professionals. We hope you find it helpful!
New Eviction Rules: What You Need to Know
January 6, 2021 – By Jonathan Schreiber MAR On December 31, Governor Baker signed into law Chapter 257 of the Acts of 2020 which makes important changes to eviction rules and procedures that will be in effect until the end of the COVID-19 state of emergency. The changes include: • All notices to quit for […]
Read MoreFair Housing Update
In the Fall of 2020, the Trump Administration implemented changes affecting the requirements affecting complainants and burden of proof. Here is a brief summary. As licensees, we suggest you keep up to date at vww.hud.gov for additional Fair Housing links plus more details and up to date information. “Through its final rule, HUD aims to […]
Read MoreThe Rehabbers’ Guide to 203(k) Loans
Tight-fisted lenders have made home equity loans harder to come by. So what’s a fixer-upper to do? Meet the 203(k) loan. Lenders’ weak stomach for extending credit doesn’t have to sour your upgrade dreams. The old but new again FHA 203(k) loan rolls remodeling and mortgage costs together, whether you’re buying or refinancing an existing […]
Read MoreKnow Your Loan Options for Your Clients! FHA Loan Limits Increase For 2021! And much more!!
The Federal Housing Administration has released the 2021 loan limits for FHA mortgages. In most of the U.S., the 2021 FHA loan limit for one-unit properties will be $356,362, an increase from $331,760 in 2020! Certain high-cost areas will have higher limits, reflecting the higher price of housing. Check out the FHA’s list for complete […]
Read MoreMassachusetts Eviction and Foreclosure Moratorium For COVID-19 Emergency Signed Into Law
This is a great article by Rich Vetstein regarding the recent legislation passed in Massachusetts. This article applies to both property owners and renters. by RICH VETSTEIN on APRIL 20, 2020 Unprecedented, Sweeping Prohibition on Residential and Commercial Evictions Enacted Without Corresponding Mortgage and Tax Relief to Property Owners In an unprecedented, sweeping, and likely unconstitutional move, the […]
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