$10K Tax Credit for New Home Purchase - NO More Funds! - 07/23/09 12:43 PM
Important update: FTB No Longer Accepting Applications
As of July 3, 2009, the state of California Franchise Tax Board (FTB) is no longer accepting new home credit applications. They have received over $100 million in new home credit applications and more than 12,000 applications.
The tax credit is available for qualified buyers who purchase a brand new home (never occupied home) between March 1, 2009 and before March 1, 2010. They must live in the new home as their primary residence for a minimum of two years immediately following the purchase date. (date escrow closes)
The Franchise Tax Board estimated receiving … (0 comments)

$8,000 Tax Credit For First Time Homebuyers May NOT Benefit All - 07/11/09 05:09 PM
As part of the American Recovery and Reinvestment Act of 2009, Congress authorized a first-time homebuyer tax credit of up to $8,000.  The $8,000 credit replaced the $7,500 tax rebate program that was included in 2008's stimulus program.
According to the IRS, a first-time homebuyer is anyone who has not owned a "home" in the last 3 years where "home" is defined as a home in which a person has lived in and occupied. It can include traditional homes, houseboats, trailers and other residence types. The IRS was smart because they also defines what it means to be a first-time homebuyer with … (0 comments)

Brokering Loans - Enough Is Enough!!!! - 07/10/09 08:09 PM
I've finally had ENOUGH!!! I have been a mortgage broker for 7 years now. It's getting harder and harder to do business as a mortgage broker. I have to reply on 3rd party entities that are all 3rd parties (processing, underwriting, etc...) to get loans done now and it isn't working effectively. As a broker I have to rely on the lender that their turn times (turn times are business days for underwriting, condition signoff, docs, etc...) are what they actually say they are - and you guessed it, most of these lenders lie, lie, lie. Then they never call you … (0 comments)

MLS Search Nation Wide - 07/07/09 08:40 PM
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Gerard Ladalardo

Aliso Viejo, CA

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Black Ops Outfitters

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