$5,000 grants available for military buyers – Dream Makers Program

The Pentagon Federal Credit Union Foundation is offering down payment and closing cost assistance to first time buyers who are currently active duty military personnel, veterans, retired military, Department of Defense employees, or employees of the Department of Homeland Security. The grant is being offered under the non-profits Dream Makers program, and will allow for up to a $5,000 grant for eligible applicants. This grant may be applied to any mortgage, regardless of financial institution.

To be eligible for the grant, you must be one of the above mentioned personnel and meet the following criteria:

1) First time home buyer, haven’t owned a home in the last three years, or lost your home due to a divorce or disaster.
2) Gross household income used to qualify for your mortgage (including allowances) is no more than $55,000/year, or a maximum of 80% of your community’s median income (based on family size).

If you are interested in applying for the grant, please visit: Dream Makers program

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Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Higher Closing Costs in Real Estate Transactions

According to a survey performed by Bankrate, we have seen a significant increase to closing costs associated with mortgage originations. On a nationwide average, closing costs have increase 8.8% over the last year. This increase has primarily been attributed to the increased work lenders have to perform in order to approve a mortgage application under the ever tightening lending regulations.

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Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Commercial Real Estate: Increasing demand in the Hotel Market

According to preliminary data from Costar, there have been a growing number of investors who have been purchasing property in the U.S. hotel and hospitality sectors.

Being luxury expenditures for most consumers, the Hotel and Hospitality was among the worst hit segments of the commercial market during our recession. As a result, the majority of buyers jumping into these types of acquisitions are finding it easy to find distressed assets in core locations at extremely discounted prices.

In addition to low prices, the Hotel and Hospitality industry has also begun to see a steady increase in occupancy gains. This increase in occupancy has translated into a growth in the average expected revenue per room.

According to the recent Hotel Investors’ Gauge by Smith Travel Research Analytics and www.HotelNewsNow.com, 81% of investors surveyed are actively pursuing acquisitions. In addition, over 50% of those surveyed believes that occupancy rates will return to peak levels by 2012.

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Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521