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housing bill: Want a breakdown of the provisions of the new Housing bill? - 08/05/08 08:43 PM
Let's face it - few people want to take the time to go through the legal jargon of any type of legislation, but the new Housing & Economic Recovery Act is worth investigating.
For a great summary of the provisions of the bill, check out the following article from the National Association of Realtors:
Summary of Key Provisions of H.R. 3221 - The Housing Stimulus Bill
This should get you started, but please don't hesitate to contact me if you have any specific questions regarding this bill.
Whether you are a buyer or a seller, this bill could have a serious … (0 comments)

housing bill: President Signs Housing Rescue Bill - what does that mean to you? - 08/02/08 06:42 PM
If you've been keeping in touch with the local or national real estate news, you'll know that President Bush Signed the Housing Rescue Bill earlier this week.
With a name like "The Housing and Economic Recovery Act of 2008," this bill certainly promises a lot.
The biggest provision of this bill may very well be the $7,500 tax credit for first-time homebuyers (or those that haven't owned a home in the last three years).  This is not a gift...it's an interest-free loan that is repaid over 15 years (at $500 a year), but it is certainly something that can benefit many … (2 comments)

 

Mike Kinlaw

Jefferson, GA

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Prudential Georgia Realty

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