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Could the Tax Credit Be Extended Again?
Written on 22 Feb, 2010 at 14:52 in Blog | viewed 72 views times and users have made 0 comments so far
The pressure is increasing on Congress to renew the homebuyer tax credits for a third time. The first $7,500 tax credit was passed in 2008 and required first-time buyers to repay the credit over 15 years. A few months later in... (Continue reading)
Fannie Mae Announces Deed for Lease Program
Written on 11 Nov, 2009 at 18:36 in News | viewed 106 views times and users have made 0 comments so far
WASHINGTON, DC — Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property... (Continue reading)
$8,000 homebuyers tax credit extended
Written on 6 Nov, 2009 at 14:45 in Blog | viewed 60 views times and users have made 0 comments so far
President Obama reups popular tax credit through June 2010 and expands it to include people with higher incomes and some who want to trade up into new homes. NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of the... (Continue reading)
Both Houses OK Tax Credit Extension, Expansion
Written on 5 Nov, 2009 at 21:46 in Blog | viewed 67 views times and users have made 0 comments so far
The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they’ve lived in their home for... (Continue reading)
Senate May Approve Tax Credit Wednesday
Written on 4 Nov, 2009 at 12:52 in Blog | viewed 71 views times and users have made 0 comments so far
The U.S. House and Senate are close to an agreement to extend the home buyer tax credit due to expire at the end of this month. The Senate is expected to vote Wednesday while the House could approve it later in... (Continue reading)
Home Buyer Tax Credit Extension Likely
Written on 9 Oct, 2009 at 7:54 in Blog | viewed 85 views times and users have made 0 comments so far
Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader... (Continue reading)
Legislation introduced to keep tax credit alive
Written on 28 Sep, 2009 at 16:44 in Blog | viewed 83 views times and users have made 0 comments so far
WASHINGTON — Will Congress extend the wildly popular $8,000 home-buyer tax credit beyond its Dec. 1 expiration date? That’s a question generating huge pressure on Capitol Hill, from would-be buyers who haven’t found the right house to realty agents, builders, lenders... (Continue reading)
7 Tips for First-Time Home Buyers
Written on 14 Sep, 2009 at 19:23 in Blog | viewed 80 views times and users have made 0 comments so far
A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis. Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today: Old-fashioned basics are... (Continue reading)
Buyers Rush to Beat Tax Credit Deadline
Written on 17 Aug, 2009 at 18:59 in Blog, News | viewed 73 views times and users have made 0 comments so far
Real estate professionals report that first-time home buyers are flooding the sale market, pressed to finalize a deal before the federal government’s $8,000 tax credit offer expires on Nov. 30. Because mortgage approvals, residential inspections, and other steps in the... (Continue reading)
“The First Time Home buyers Tax Credit of $8000 can be now used as a down payment.”
Written on 14 May, 2009 at 19:15 in Blog | viewed 167 views times and users have made 0 comments so far
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. Donovan’s remarks came in... (Continue reading)