With all of the hoopla surrounding the extension of the first time homebuyers tax credit as part of the "Unemployment Compensation Act of 2009" a small portion of the bill was overlooked.
Perhaps if you don't work with military families or aren't in a community that has faced a decline in home values you might not even known that H.R. 3548 savedmilitary families who are using the expanded Department of Defense Homeowners Assistance Program (HAP) a 25% up front tax penalitywhenthey sold their home.
For some families this has meant the difference from being able to take advantage of the benefits of the Department of Defense program or not. A 25% upfront tax penality is not money that all military families have lying around just waiting to give to give up. The other great news is that HAP files are processing and checks are being issued. Two of the homes that I have under contract for Northern Virginia military families eligible for HAP are on to the final stages of processing.
The other great news is that this bill also extended until November 30, 2010 the opportunity for military families who have been stationed overseas for at least 3 months in 2009 the chance to take advantage of the first time home buyers tax credit.
Thanks to Congress for understanding the need to provide a way for those who serve our country to be able to make their next PCS move a bit less financially stressful.
If you are a military family living in the Northern Virginia area and are eligible for the expanded HAP benefits give me a call at 703-346-2213. I've been working with families in your situation this year and can help you navigate the process of understanding the Department of Defense HAP benefits and getting your home sold in our current market.
Are you aware that under current law those serving in the military who buy their first home are not likely to be able to use the first time home buyers credit?
I work with military families relocating to Camp LeJeune, New River Air Station and The Naval Hospital at Camp LeJeune in Jacksonville, N C and this has been such a disappointment to these families.
Most military are only at a duty station for a short period of time and must sell the house they have purchased before the 36 month requirement in the current law is fulfilled--which means they are not eligible for the tax credit.
Finally, someone is looking out for our service men and women.
Our own North Carolina Representative, Walter B. Jones introduced language earlier in the year that has been written into the new law that would allow military personnel to retain the first time home buyer's credit if they need to sell their home within the first 36 months due to deployment or transfers.
Thanks Rep. Walter Jones for looking out for our military families!
October may be all about ghosts, goblins and pumpkins to some in Onslow County NC, but to many residents living in Hubert, Swansboro, Jacksonville or stationed at Camp LeJeune Marine base; it's all about the fabulous fall fishing! The fishing is at its best in the Fall. The water has cooled down and the fish are heading back to the inshore waters all along the coast of North Carolina.
The Fisherman's Post is a great website that concentrates on local fishing and offers advice/tips for the novice and pro fishermen
Where to find the best fishing spots
What kind of bait to use
The best time of day to fish
What kind of fish one can expect to catch
Calendar of Local Tournaments and Events
What about the weather you may ask? The answer is "PERFECTION"
So, grab your rod and reel, pick up some bait and head on down to Onslow County NC --the fish are biting and the weather is beautiful.
Once you get here, I know you will want to stay-- everybody does. Give me a call and I'll help you find the perfect home!
You may have noticed before, but it's a fact, I love to blog about real estate. It's good for my business, but I actually find it enjoyable too. In that vein, I would like to make it to this year's Blogworld and New Media Expo (including REBlogworld). Of course, these things cost money and there are expenses...blah blah blah. However, Alltop is sponsoring a contest to allow 3 lucky winners to attend this year's event.
I entered, but I need your help. First of all, I misread a rule, which has seriously put me behind the curve. I thought I was doing okay, but realized that the rule was rather specific and I needed to get moving - so I turn to you, the ActiveRain community for help.
The grand prize for the contest is entrance to the conference as well as hotel accommodations. With those two paid for, I can deal with the flights and food for the three days. I need to win this. Imagine how many blogs I'll churn out when I get back with all the new info I've acquired. Think of me as your Blogworld corespondent. I will report back to you - all you have to do is get me to the top! I don't know what it will take to get me there (I don't even know who's in the lead), but with the power of the ActiveRain and Twitter community, I'm willing to bet (Las Vegas - get it?) that I can win this!
Imagine how this will benefit the ActiveRain community as well! Having the power of 160K+ members pushing to help me accomplish this goal will certainly make people think that ActiveRain is the place to be.
Here's what I need:
First, reblog this post if you can. By spreading the word, there will be more opportunity for more people to act upon it. Put it in every category you can think of and make sure everyone of ActiveRain's members see it! I could care less about the points gained from the reblogs, so ActiveRain can pull the points - this is about getting me to Blogworld and REBlogworld.
Second, you need to retweet the information necessary in order for me to be counted. Visit MyAlltop page and at the bottom you will see a "retweet" button:
Click the retweet button. Click it whenever you have a few free seconds. Tell your friends to click it. Please don't sit there and click it 100 times in a row. I don't want to get the boot for "stuffing the ballot box." The contest ends at 8:00 am Pacific Time on October 1, 2009, so I need your clicks up until then. Let's get as many as we can and show everyone the power of ActiveRain, get me to Vegas, and let me bring back and share all that I have learned!
Please use the retweet button and have everyone you know retweet it too! This would be huge for me and I appreciate all the help I can get!
There's more to buying a home than just finding the one that has the right number of bedrooms, is in the neighborhood of your choice or located near school or work.
Here's four questions you should ask and answer:
Have you researched the market? Knowing what homes are selling for in the area you want to buy will help you understand and determine what you will have to spend to get the home you want and/or need.
Do you know how much house you can afford? A mortgage payment should not exceed more than 25% of yourgross monthly earnings. Mortgage payments that exceed 1/4 of your income could lead to financial troubles.
Do you have enough money for a down payment and closing costs? Down payments vary but a safe plan is 20% of the selling price. Closing costs range from 2% to 7%. The exception is a VA loan which requires no downpayment. If you qualify for a VA loan, by all means that is the way to go!
Is your credit report accurate? Incorrect information on your credit report can cost you more money in higher interest rates. Request reports from the three major national credit bureaus and reports mistakes immediately. Then, follow up and make sure mistakes are corrected.
So, are you ready? If so give me a call and let's get started.
If you are considering buying a home in Hubert North Carolina, I'm sure you have some questions. Depending on your circumstancres, your concerns and questions may be different. Whatever you need to know, I am the Onslow County NC real estate agent that can get you the information you want and need.
Providing information for those buying or selling real estate in Hubert, Swansboro, Jacksonville, Camp LeJeune and surrounding areas in Onslow County NC. I try to keep you informed of events in Onslow County NC
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
With all of the hoopla surrounding the extension of the first time homebuyers tax credit as part of the "Unemployment Compensation Act of 2009" a small portion of the bill was overlooked. 
to use the first time home buyers credit? 
and fought for our freedom.
of your choice 
at Camp LeJuene.
agent that can get you the information you want and need.
;)
;)
