November 5, 2009--It may be an early Holiday for some. Last night, the Senate unanimously passed a bill aiding the unemployed as well as to struggling businesses and prospective homebuyers. Most of the attention for this bill will center on the extension of unemployment benefits by up to 20 weeks to...
The last 2 months have been a blur for me as I have been so busy showing hundreds of properties in this fabulous heat. Being the beginning of the month and having closed all the transactions I had in Escrow last week, I have a temporary breather, which gives me some time to update everyone that will...
Big news out of the NAR (National Association of REALTORS®) Real Estate Summit today as HUD Secretary Shaun Donovan announced that the Federal Housing Administration will allow its lenders to make bridge loans to first-time homeowners wishing to use the $8,000 tax credit as a downpayment. Secretary...
I know there is a lot of debate about the stimulus and just who will benefit. Well, in looking at the actual guidelines, there may be plenty of help on the horizon. We are opening new transactions monthly and are tracking to record numbers come 2nd quarter. Most of our business is buyer side and REO...
The ins-and-outs of the $8,000 First-Time Homebuyer Tax Credit If you are - like many Americans - trying to figure out the best time to make your first home purchase, then you may want to take a closer look at the first-time homebuyer tax credit included in the American Recovery and Reinvestment Act...
As a potential first-time homebuyer myself and search marketer in the real estate industry, I was particularly interested in the $8,000 first time homebuyer tax credit included in the 2009 stimulus plan. While the 2008 version was essentially a interest-free loan, the 2009 homebuyer credit does not require...