December 9, 2009 - Passport To New Homes comes home to Jacksonville and sets up house in Palm Beach.
Florida division head Jeffrey Gordon announced today that Passport To New Homes in Northeast Florida will be returning to Sundays at Noon, December 13th on ABC 25 WJXX. Passport is a New Homes interview and tour program hosted by Charlene Shirk, which introduces new home builders, developments and communities to tens of thousands of potential homes buyers each week. Passport To New Homes originated in Cincinnati, Ohio over seventeen years ago and debuted its North Florida program in the fall of 2004 on NBC WTLV. Following the decline last year in the building industry, the North Florida homes show went on hiatus.November, 2009 - Tax Credits Provide Outstanding Opportunities for Home Buyers
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It has also expanded the program to include a "Move-Up" Tax Credit and authorized a tax credit of up to $6,500 for qualified repeat home buyers.
April 28, 2009 - The Treasury Department introduced a plan today to help borrowers modify their second mortgages as part of President Obama’s $75 billion foreclosure relief effort. The program so far has only been focused on modifying first mortgages.
The new initiative follows the same game plan: Treasury will provide loan servicers, lenders and borrowers with a series of incentives and subsidies to modify second mortgages. According to Treasury data, up to 50 percent of “at-risk” mortgages also have second mortgages, such as home equity loans. Only homeowners who get their first mortgage modified will be eligible to get their second mortgage modified.
The cost of tackling second mortgages will figure into the $50 billion in TARP funds already set aside for the Making Home Affordable plan, senior administration officials said in an afternoon conference call with reporters.
March 5, 2009 - The Treasury Department released the broad outlines of its plan last month, but on Wednesday provided more details about how the plan will work.
The plan’s first prong may help up to five million homeowners who have been unable to refinance their mortgage because the value of their home has plunged and they now owe more than 80 percent of their home’s value. To get a new mortgage, borrowers had to either bring extra cash to the table to get back to 80 percent, or purchase private mortgage insurance, which has become more difficult to qualify for and often quite expensive.
The second part of the plan may help up to three to four million borrowers modify their loans. These borrowers can no longer afford their monthly payments and are close to defaulting, while others are on the brink of foreclosure.
The administration’s “Making Home Affordable” program offers mortgage providers with financial incentives to help these two groups, but to qualify, you need to meet certain requirements.
Long running new homes show Passport To New Homes is set to return to the Nashville, Tennessee market early next year. Passport To New Homes has been putting new home builders together with tens of thousands of new home buyers each week for over seventeen years. A staple in Cincinnati, Ohio, Passport first went on the air in late 1991 and has been a major marketing venue for builders such as Drees, Beazer, Ryland, Fisher, M/I among others – many on the show every week for over a decade!
Passport made its debut in Jacksonville, Florida in the fall of 2004 and in Nashville, Tennessee during the summer of 2005. This award winning program has been a consistent ratings winner in each of its markets. After many successful years, Passport To New Homes was hit hard by the markets dramatic meteoric rise and fall as did every business associated with the building industry, which has resulted in so many business mergers or closings.
In early-mid 2008, Passport To New Homes went on hiatus in both Jacksonville and Nashville while in Cincinnati Passport underwent a bit of remodeling to become “New Home Living Now” maintaining its hostess Mary Krutko and its time slot and adding lifestyle features to the show. Passport To New Homes in Jacksonville will be returning this winter, moving from NBC WTLV channel 12 to ABC WJXX channel 25 on Sundays and Passport in Nashville is slated for a Sunday morning return in early 2010.
$600 Billion Mortgage Assists - by Boyce Thompson, Builder Magazine
November 25, 2008 - Federal Reserve Announces $600 Billion Plan to Buy Mortgage Assets. Click Here For the full story from Builder Magazine,
October 3, 2008 - House approves revised financial rescue package; President Bush signs bill into law. Click Here For the full story from Builder Magazine,
Passport To New Homes In Cincinnati Gets Remodeled
August 15, 2008 - Welcome to New Home Living Now!
Hosted by Mary Krutko, New Home Living Now is an exciting new spin off of Passport to New Homes which has aired in the Greater Cincinnati market for 17 years.
New Home Living Now not only profiles the top new homebuilders throughout the Tri-state... but also brings you
informative segments such as great tips to sell your current home, design tips for decorating your new home and green building ideas so you can live healthy at home and save money on your energy bills!
We have also added a new focus feature called "Ask Ed" where you have an opportunity to ask Furniture Fair expert Ed Hartman your furniture questions on television!
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