Real estate blog entries tagged with hr 3221 by Kay, GA Mortgage Officer & VA Specialist

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hr 3221: FAQ - $7,500 Tax Credit for Georgia's First Time Home Buyers* - 08/09/08 05:42 PM

Kay, 404-298-5500, Georgia Mortgage Consultant Thousands of Georgia first-time homebuyers may be eligible for a $7,500 tax "credit." There are important things you should know, in order to determine if you qualify for this "credit." Here are the answers to frequently asked questions. What is a tax credit? A tax … (0 comments)

hr 3221: Tax Credit vs. Tax Deduction - What the difference? - 08/09/08 05:42 PM

Kay, 404-298-5500, Georgia Mortgage Consultant

As I explain how the new tax credit provides incentives for Georgia first-time home buyers, I often find myself explaining the differences between a tax credit and a tax deduction.
How is a tax credit different from a tax deduction?
A tax … (0 comments)

hr 3221: New Housing Bill - Relief for Our Nation's Veterans - 07/31/08 08:14 AM

Kay, 404-298-5500, Georgia Mortgage Consultant

HR 3221, known under many names, includes sections dedicated to helping our nation's veterans preserve homeownership and avoid foreclosure. The President signed the bill into law yesterday, July 30, 2008.
As with most new legislation, it will take a couple of months … (0 comments)

hr 3221: Fact or Fiction: Are all Georgia Foreclosures on Hold? - 07/31/08 07:01 AM

Kay, 404-298-5500, Georgia Mortgage Consultant

While running errands in Dekalb County Georgia, I heard a couple of interesting rumors. One was that until the new housing bailout bill was passed, all foreclosures in the state of Georgia and throughout the United States were on hold. The other was that … (0 comments)

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