First-Time Home Buyer Tax Credit It’s Official (Video)
Obama signed the First-Time Home Buyer Tax Credit today.
Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday.
The up-to-$8000 tax credit’s expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010, and to be closed by June 30, 2010.
The program’s basic eligibility requirements remain the same:
Buyers can’t purchase the home from a parent, spouse, or child
Buyers can’t purchase the home from an...
Posted by admin on 11 4th, 2009
AZ HUD Owned Foreclosures ...
Are you looking for a HUD Owned Foreclosure For $100 in AZ?
Owned Foreclosure For $100?
All HUD property purchasers are required to obtain a Pre-qualification letter from a lender prior to ratification of their sales contract.
Please contact our Mortgage Planner Friend William Doom for up front and Honest Pre-qualifications
Your Mortgage Planner2.0
Posted by Becky Wyatt on 10 20th, 2009
4,193 Foreclosures for Sal...
Active listings for sale - 31,898
Foreclosures (bank-owned) for sale - 4,193
Short Sales for sale - 8,008
Pending (under contract) - 13,125
Posted by William Doom on 10 12th, 2009
What Is An Escrow Account...
An escrow account is a designated savings account into which funds get deposited for a specific purpose.
With respect to real estate and home loans, escrow accounts are used to pay real estate tax bills and homeowners insurance payments.
Escrow accounts are managed and disbursed by lenders.
When a homeowner “escrows” his mortgage, along with his scheduled monthly mortgage payment, he must also...
Posted by Becky Wyatt on 10 7th, 2009
Guess Who Is Walking Away?...
Guess Who’s Ditching Their Mortgages
A study of 24 million credit files by national credit bureau Experian and consulting company Oliver Wyman has shown that home owners with high credit scores are 50 percent more likely to deliberately walk away from a mortgage than lower-scoring borrowers.
The industry calls these “strategic defaults” and their numbers grew to 588,000 in 2008, double the...
Posted by Becky Wyatt on 10 7th, 2009
4,178 Foreclosures for sal...
Active listings for sale - 31,405
Foreclosure (bank owned) listings for sale - 4,178
Short Sale listings for sale - 7,892
Pending (under contract) listings - 12,817
Posted by William Doom on 10 4th, 2009
The End Of The First-Time ...
The government’s First-Time Home Buyer Tax Credit program expires November 30, 2009 — a scant 60 days from today.
Considering it can take up to 60 days to close on a home, first-time buyers have 2 weeks at most to find a home.
Buyers not under contract by October 15 have little chance of meeting the November 30 deadline and, therefore, little chance of claiming the tax credit.
This is...