June 2010

There are 2 blog entries for June 2010.

St. George City Down Payment Assistance available in July

Monday, June 14th, 2010 at 11:51am. 2629 Views, 0 Comments.

CITY OF ST. GEORGE DOWN PAYMENT ASSISTANCE PROGRAM

WHAT IS IT?

The City of St. George Down Payment Assistance Program is a federally funded program with ta goal to assist eligible home buyers with a down payment and/or loan closing cists by providing up to $10,000 in the form of a non-interest bearing loan payable when the home is sold or refinanced.  The program is open to owner-occupied housing units within the St. George City limits. The maximum home price allowed is $247,368 for detached homes, and $131,955 for attached townhome/condos.


HOW DO I QUALIFY?


You must be a first time home buyer or have not owned a home in the past three years.
You must meet household income limits and have a gross annual household income which does not exceed 80% of…

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Judge Halts Bank of America Foreclosures in Utah

Friday, June 11th, 2010 at 11:20am. 2262 Views, 0 Comments.

St George, Utah has had it's share of foreclosures, but one huge source of foreclosures has just been cut off.  Bank of America, one of the largest banks in the nation has been halted in it's ability to foreclose on properties in the state of Utah. But...will the ruling hold up?

On May 22, 5th District Court Judge James L. Shumate in St George ruled to stop all foreclosure proceedings in the state of Utah by Bank of America.  The ruling, if upheld, would require Bank of America and all other mortgage companies to have local offices in Utah where homeowner's can go meet in person with their bank to negotiate their loan terms.  Bank of America does not currently have local offices, and therefore (allegedly) does not conform to state laws.

Bank of America,…

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