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March 2009

Found 14 blog entries for March 2009.

The City of Richland offers the Affordable Homebuyer Assistance Program (HAP) to qualified low to moderate-income, first-time homebuyer(s) who are in need of financial assistance to help purchase a home in Richland. These programs include:

Down Payment Assistance Program: $4,000
Infill Homeownership Gap Assistance: up to $24,000
Infill Homeownership Gap Assistance for Disabled Borrowers: $24,000

For a limited time there is an additional $6,000 grant available to use in combination with one of the City's homebuyer programs. (other qualifications apply and a minimum contribution is required by borrower)

Please review the program qualifications carefully. Funds are limited for these programs and funding could change at any time. If you are a first-time

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According to a report in the Tri-City Herald about $1 million in federal stimulus money will go to support public housing in the Tri-Cities, Sen. Patty Murray announced Tuesday. The money, part of the American Economic Recovery and Reinvestment Act that became law last month, is intended to create jobs and help struggling families by improving public housing sites, a news release from Murray's office said. The money includes $376,000 for the Kennewick Housing Authority and $632,000 to the Housing Authority of the City of Pasco and Franklin County. Information on how the money will be used wasn't available.

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If you've lived in the Tri-Cities long enough, you've most likely been to the St. Patrick's Day Irish Games. If not, you're missing out!

Every year is jam-packed full of activities to do, booths to explore, and music to hear. The kidzone area alone is nearly 40,000 square feet. That's a lot of area for your munchkins to run around and have fun in! A bracelet is required for the children's area, but it's only $20, well worth it when they go home with a smile on their face. If you have even smaller children, there are plenty of other activities such as face painting, carnival games, and bounce houses.

We can't forget the awesome music that accompanies this event! The main band this year is "Hollywood Stones" who is a Rolling Stones Cover Band. You're

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HUD Mortgagee Letter 2009-08
Released on March 12, 2009

Effective for FHA case number assignments on or after April 1, 2009, the loan-to-value (LTV) of any cash-out refinance to be insured by FHA may not exceed 85% of the appraiser's estimate of value.

Given the continued deterioration in the housing market, and FHA's need to limit its exposure to undue risk, this reduction in the maximum LTV for cash-out refinances is being instituted on a temporary basis while FHA further analyzes the housing and mortgage industry as well as its own portfolio to determine whether permanent measures should be taken.

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The Tri-Cities was voted #2 for employment growth for Spring 2009 as reported by Forbes.com. The Tri-Cities was credited with an impressive number of engineers and scientists...once home to the nation's most Ph.D.'s per capita, with Pacific Northwest National Lab employing many of them to convert agricultural materials into plastics and biofuels and to perform research involving fuel cells. As well as our agriculture industry providing farming and produce packaging jobs to many workers. The quarterly survey conducted by Manpower's Employment Outlook Survey measured employers' intentions of increasing or decreasing their number of employees over the next three months. Of the 31,800 public and private sector employers surveyed in 201 metropolitan areas

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If you've lived in the Tri-Cities long enough, you've most likely been to the St. Patrick's Day Irish Games. If not, you're missing out! Every year is jam-packed full of activities to do, booths to explore, and music to hear. The kidzone area alone is nearly 40,000 square feet. That's a lot of area for your munchkins to run around and have fun in! A bracelet is required for the children's area, but it's only $20, well worth it when they go home with a smile on their face. If you have even smaller children, there are plenty of other activities such as face painting, carnival games, and bounce houses. We can't forget the awesome music that accompanies this event! The main band this year is "Hollywood Stones" who is a Rolling Stones Cover Band. You're bound

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Loan Modification...what is it and can you benefit? Simple stated a Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.

What Qualifies for a Loan Modification?
Currently behind on mortgage payments.
Currently in Foreclosure (NOD or Lis Pendens)
Has the adjustable rate mortgage adjusted or will adjust within the next 6 months
Reduced income
New Job (Less Pay)
Loss of Employment
On Disability (Worker's Comp)
Divorce/Separation
Excessive Medical Bills
Back taxes that are currently being paid back
Death of Household Provider
Failed business

If you or someone you know sincerely wants to keep their home, a loan modification might be

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I received this information from a reputable lender in our area, Dana Mundy, with AmeriChoice Home Loans.

FHA & VA announced that they are increasing the minimum credit score from 580 to 620 effective March 14, 2009.  The last day to lock loans under 620 is Friday, March 13, 2009.  If you are in the market to buy a home or looking to sell your home, this is great news.

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The City of Kennewick put out a press release that they have temporarily suspended their Down Payment Assistance/GAP Program. According to the program Administrator they simply don't have the manpower at this time to facilitate the program. We will keep you updated if they bring this great program back for First Time Home Buyers.

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White Bluffs Elementary is putting on a Parent Night Out / Silent Auction.

Where: Anthony's Banquet Hall
When: March 14th 2009 at 6:00 p.m.
What: Heavy Appetizers, Live Jazz band, Socializing, Great date
Why: For our local Kids.  Come out and support local schools.
How: Contact Katie Muller @ 509-628-3242 

There will be a ton of wonderful auction items. Each class room has put together baskets, and I'm not exaggerating when I say they are not short of fantastic. Don't miss this great event. Come and get your ticket.  Tickets are $25.00.  The kids thank you for supporting your local schools.

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