The Negative Effects Of First Time Home Buyer Tax Credit - 10/13/09 11:59 AM
Many buyers took advantage of The $8,000.00 First Time Home Buyer Tax Credit program, which helped to sell a very large quantity number of homes. However, there is a concern among some real estate professional that tax credit created an artificial demands; unqualified first time home buyers to receive the tax credit, purchased homes with not correctly prepared mortgage documents, which could lead to more defaults and foreclosures.
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The Pros & Cons of The $8,000.00 First Time Home Buyer Tax Credit - 10/09/09 08:38 PM
The $8,000.00 First Time Home Buyer Tax Credit program expiring on November 30, 2000. For the past several months, there were many first time home buyers took advantage of the program, and rushed into buying a home to qualify for the $8,000.00 tax credit program, which helped to sell large quantity number of homes.
There are many Realtors thinks the tax credit should continue to fill those empty homes that no one would upkeep, because once the first time home buyer tax credit expire, buyers will not be motivated to purchase homes, and we will lose the home sales volume we had in … (0 comments)

FHA Issues Property Flipping Waiver - 10/03/09 11:33 AM
On September 14, 2009, FHA announced,
"Section 203.37a(b)(2) of the FHA regulations, 24 CFR, is hereby waived for a period of one year, September 14, 2009 through September 13, 2010, with regard to sales of previously foreclosed or abaandoned properties acquired and resold for profit and non-profit entities using fundings from the performing under agreements with state and local government agencies under NSP program."
The full report can be access at HUD website. http://www.hud.gov/offices/hsg/sfh/hsgsingle.cfm
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First Time Home Buyer Tax Credit - 10/03/09 11:09 AM
The $8,000.00 First Time Home Buyer Tax Credit program helped to sell very large quantity number of homes below $500,000.00 price range. First Time Home Buyer Tax Credit will expire on November 30, 2009. It is hard to know, if the home sales valume will continue, once the First Time Home Buyer Tax Credit expire. We will know that at the beginning of 2010.
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