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act: Summary Chart: Housing and Economic Recovery Act of 2008 - 09/30/08 03:03 PM
I recently received a chart summarizing the Housing and Economic Recovery Act of 2008.  The chart is below for your use and review:
Note: 
This information will be useful for first-time homebuyers who purchase a home within the time period specified in the Act.  Keep in mind that it does have to be repaid over a period of time; however there is a tax benefit with the program.  For more detailed information your client should consult with their lender.

… (2 comments)

act: Housing and Economic Recovery Act of 2008 - 07/31/08 03:43 PM
I just got this from one of my contacts and would like to pass it on for all to review:
Key elements of the Housing and Economic Recovery Act of 2008 include:
A temporary first-time home buyer tax credit. The tax credit will stimulate home buying, reduce excess supply in housing markets and shore up home prices. FHA modernization and expansion. A revitalized FHA will have greater flexibility to respond to the needs of borrowers, enable more working families to become home owners and play an important role in the mortgage markets. To address the foreclosure crisis, the FHA is given … (5 comments)

 

Jon Wnoroski, Summit County Realtor

Green, OH

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