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President Obama is announcing an expansion of foreclosure-prevent tactics, including a plan to reduce principal balances and special aid for unemployed borrowers.The bulk of the responsibility for carrying out the new program will be assigned to the Federal Housing Administration, which will insure lenders against part of the losses.The plan asks banks to write down [...]
Housing Affordability – Whichever Index You Look at, The Value Story is Great for Buyers First, there are actually several indexes out there from various sources. For example, the NAHB (National Association of Home Builders) has one they call the Housing Opportunity Index or HOI and the NAR (National Association of Realtors) publishes the Housing [...]
If you have any questions, give me a call. Some of this is straight forwards, others not.
THE TAX CREDIT Available to first-time home buyers Credit amount up to $8,000 Mortgage loan must be approved on or before April 30, 2010 and must close on or before June 30, 2010 Available on single-family detached homes, townhomes and condominiums—newly constructed or pre-existing homes The tax credit does not need to be repaid unless the [...]
Note from Betty: Northern Virginia real estate recovery is leading the marketplace. Pending Home Sales Rise for Record Eight Straight Months Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index rose 6.1 percent [...]
Did you know that the $8000 Tax credit can be used for down payment. Read what REALTOR® MAGAZINE had to say. If you have any questions I can help you out. This is a great time to call me. 703-421-1330 Builders online has some more information regarding that First, it clarifies HUD’s position regarding state finance agencies [...]
2009 First Time Homebuyer Tax Credit Res Rev 2 19 09b If you have any questions regarding this, Please call me or shoot me an email. also note that the $8,000 Tax credit can be used for down payment too. Yeah wow. call for details.
