lawrenceville ga realtor: MOVE UP BUYERS TAX CREDIT IN THE WORKS FOR 2010 - 10/28/09 09:10 AM
Senate Close to Deal Replacing Homebuyer Tax Credit
Oct. 27 (Bloomberg) -- U.S. Senate leaders moved closer to an agreement replacing an expiring $8,000 tax credit for first- time homebuyers with a smaller one that would expand access to so-called step-up purchasers, two people familiar with the matter said.
The deal would reduce the size of the tax credit to 10 percent of the sale's price, capped at $7,290, the people said. The credit would be available on home purchases that are under contract by April 30, and borrowers would have 60 days more to close the sale. The existing credit … (3 comments)

lawrenceville ga realtor: Fannie Mae and Freddie Mac will purchase housing bonds issued by the finance agencies. - 10/20/09 08:09 PM
The Obama administration announced another initiative to aid state and local housing finance agencies in providing mortgages to first-time and lower-income homebuyers and to assist in the development or rehabilitation of rental properties.  Officials declined to put a price tag on the program, but said there would be no cost to taxpayers. Under the initiative, the Treasury Department, along with Fannie Mae and Freddie Mac will purchase housing bonds issued by the finance agencies.  This will give the groups the funding needed to make new loans.  The government will also provide a temporary credit program to allow the agencies to refinance their … (1 comments)

lawrenceville ga realtor: Are Housing Prices Still Falling - 10/10/09 08:23 PM
More than once a day I get asked .. where is the market heading and have we reached the bottom .. yet ?
Well my crystal ball is a little cloudy but here is what one leading economist
Roubini sees 10% decline coming
 According to leading economist Nouriel Roubini, housing prices may still fall more than 10 percent as demand from first-time home buyers fades.  Roubini said massive losses in commercial real estate loans will add to the problem, forcing banks to raise more capital.  "The stress is moving from residential mortgages that are still in deep trouble, to commercial real … (0 comments)

lawrenceville ga realtor: How About $14,000 to Buy a House On Top of $8000 tax credit? Ask me How? - 08/01/09 10:37 PM
The Georgia Dream Homeownership Program makes purchasing a home more affordable for low-to-moderate income families and individuals by offering fixed, low-interest rate mortgages loans.
The program provides $14,000 to eligible borrowers purchasing foreclosed properties in eligible areas. Funds are disbursed in the form of a second mortgage lien with no interest and no monthly payments. The lien is released over a period of five years and six months. Funds may be used for required repairs and/or down payment assistance.
This program begins April 1, 2009 and all funds must be disbursed by June 30, 2010
… (1 comments)

lawrenceville ga realtor: Time is running out on Home Buyer $8000 tax credit - 07/16/09 04:31 PM
Time is running out on First Time Home Buyer $8000 tac credit .. as you sit pool side trying to escape the summer heat December 1 2009 may seem like a long way off. But the truth is most lenders are require 30 -45 days to clear a loan form contract to close and closing attorneys are often requiring a 3 day loan pack review before  closing so that puts us at 50 days and we are talking business days or 10 weeks. As they say you do the math counting back from December 1 ten weeks puts you at September … (1 comments)

 
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Eric Reid

Lawrenceville, GA

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Renaissance Realty Group of Keller Williams Atlanta Partners

Address: 1960 Satellite Boulevard , Suite 1100, Duluth, GA, 30097

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