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tax credit: What's Escrow? Heard That Before? - 11/24/10 02:36 PM
If you've ever made an informal bet with a friend, you may have asked a third person to hold the money until the wager was resolved. When you take out a mortgage to buy a home, you're doing something similar by opening an escrow account. How it works When you put money in escrow it is held by a neutral third party (called an escrow agent) who works for both the lender and the borrower. The agent's role is to carry out the instructions agreed upon by both parties. The money is released when all the terms of the agreement (0 comments)
The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit. Extending the deadline for closing from June 30 to Sept. 30 would allow lenders more time to clear a backlog of 180,000 homebuyers nationwide, said amendment sponsor Sen. Harry Reid, D-Nev. The National Association of Realtors supports the amendment, saying Realtors have reported that as many as one-third (0 comments)
Kevin HeinrichBusiness Development ManagerFirst American TitleClear Lake Branch 17225 El Camino Real #100 Houston, TX 77058Main: 281-488-0607Cell: 281-723-1982 email@example.com "We make a living by what we get, but we make a life by what we give" -Norman MacEwan
tax credit: Do you know how the new Tax Plan works? Houston Texas Real Estate - 05/27/09 03:05 PM
How can the $8,000. Tax credit help us? Knowing the ins and outs of this tax credit will allow you to market yourself in creative ways!!! Think, think, think... The $8,000 Tax Credit In 2008, Congress created a $7,500 refundable First-Time Homebuyer Tax Credit for individuals making up to $75k and couples making up to $150k. The went into affect on April 8, 2008 and was set to expire on July 1, 2009. The problem with this is that it had to be REPAID!!! I experienced it, and I'm sure you did too... it was viewed as debt and not (1 comments)
tax credit: Need Help Creating a Database? - 04/17/09 02:43 PM
Our goal, like yours, is to create a referral database. Do you send out quarterly newsletters? This is a great way to keep in contact with your past clients. Have you thought about sending postcards out to select apartment complexes? The First Time Homebuyer Tax Credit is a great way to let those potential Buyers know that they can get back up to $8,000.00 if they purchase a home by December 1st. First American Title Company has addressed this with a great Marketing program located on our website www.fatcohouston.com Real Tour. In addition, we can help you buy designing postcards (0 comments)
tax credit: New Stimulus and Stability Plans Equal Opportunities! - 03/09/09 04:57 PM
President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes. The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is an incentive for homeowners who have less than 20% equity in their homes, or who owe more than their home is worth. The second part attempts to lower monthly payments for homeowners at risk of losing their home. Here is a brief overview of both initiatives. Less than 20% equity in your home? Under current rules, those families who own less than 20% equity in their homes (0 comments)
On February 18 the White House released an executive summary of the Homeowner Affordability and Stability Plan. Details to follow. The plan targets two groups: (1) Four to five million "responsible homeowners" who are current on their payments, have seen their property values fall, and who are now unable to refinance at lower mortgage rates. (2) Three to four million "at-risk" homeowners who are behind on their payments or are about to be, and who can't sell their homes. The first group is the larger of the two, and it is the program for them that will be discussed here. (2 comments)
tax credit: Will I see an impact from the American Recovery and Reinvestment Act? - 03/05/09 10:04 PM
What impacts will I see in the real estate market with the American Recovery and Reinvestment Act of 2009? American Recovery and Reinvestment Act of 2009 This information can be found on the website; the National Assocation of Realtors. The one I believe to have the largest impact on the real estate industry is the $8,000 tax credit. If you are a first-time home buyer, with low interest rates and the $8,000 tax credit, call Jeremy Williams of Keller Williams Realty NE to begin your home search today and take advantage of the current opportunities. Brief Explanation of the Homebuyer Tax (3 comments)
tax credit: Did You Know How Much of a TAX Shelter You Live in? - 03/05/09 07:22 PM
Your home likely provides more tax relief than any other acquisition, thanks, in part, to new federal laws designed to ease financial suffering in the recessionary economy. Building on a host of existing tax benefits for homeowners, new breaks help you save money on buying a home, owning a home and selling a home. Check your state for specific rules on income tax breaks levied by your state or other jurisdiction. They don't all match the federal deals. First up? Breaks made available from the federal "Mortgage Forgiveness Debt Relief Act of 2007". • Forgiveness of Debt Tax Break. When a (1 comments)
tax credit: Do You Know How Much of TAX Shelter you live in? - 03/05/09 07:12 PM
Your home likely provides more tax relief than any other acquisition, thanks, in part, to new federal laws designed to ease financial suffering in the recessionary economy. Building on a host of existing tax benefits for homeowners, new breaks help you save money on buying a home, owning a home and selling a home. Check your state for specific rules on income tax breaks levied by your state or other jurisdiction. They don't all match the federal deals. First up? Breaks made available from the federal "Mortgage Forgiveness Debt Relief Act of 2007". • Forgiveness of Debt Tax Break. When a (0 comments)
tax credit: How can the $8,000. Tax credit help us? - 02/27/09 03:27 PM
Knowing the ins and outs of this tax credit will allow you to market yourself in creative ways!!! Think, think, think... The $8,000 Tax Credit In 2008, Congress created a $7,500 refundable First-Time Homebuyer Tax Credit for individuals making up to $75k and couples making up to $150k. The went into affect on April 8, 2008 and was set to expire on July 1, 2009. The problem with this is that it had to be REPAID!!! I experienced it, and I'm sure you did too... it was viewed as debt and not as a benefit. The National Association of Realtors tried (1 comments)
tax credit: Who has impacted your life - 02/24/09 08:58 PM
Who has impacted your life?Who has imparted their wisdom? I'm going to visit my friend and mentor. For the last time.For the past 35 years I have had the pleasure, honor, and good fortune to sit at the feet of Earl Pertnoy. Today I will be by his side. His bedside.It is impossible to explain, much less elaborate on, the wisdom he so freely shared with me. Over the years, we have spent hours talking about business, family, children, money, sales, real estate, the Internet, email, ethics, marriage, friendships, and choices to be made. I always took notes. His manner was (6 comments)
The Tax Credit is for home buyers (either spouse if filing jointly) who have NOT owned a principle residence during the three-year period prior to the purchase. Ownership of vacation property or rental property does not disqualify home buyers from this program. The maximum credit is $8,000 or 10% of the home purchase, whichever is less. The credit is available for homes purchased on or after January 1, 2009 and before December 31, 2009. To qualify for the full tax credit, married couples' modified adjusted gross income (10 comments)
Real Estate News with a Value added punch Clear Lake Texas Real Estate
I think this is a good rule to live by!
"We are not put on this earth for ourselves, but are placed here for each other. If you are always there for others, then in time of need, someone will be there for you."
~ Jeff Warner
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.