Bullet Point of Tax Credits for Home Buyers - 11/09/09 02:38 PM
$8,000 First-time Home Buyer Tax Credit Major Points:
The $8,000 tax credit is for first-time home buyers only.
For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home''s purchase price up to a maximum of $8,000.  The tax credit applies only to homes priced at $800,000 or less. The tax credit now applies to sales occurring on or after January 1, 2009 … (0 comments)

Latest NAR report for the Commercial Industry - 11/04/09 03:12 PM
 
The link below will take you to the NAR's report on the latest survey results.
 
http://www.realtor.org/research/research/cre_market_survey
 
 

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Who can resale a FHA financed property??? - 11/03/09 09:03 AM
REALTORS....here is another bit of info for your toolbag!
FHA requires that only owners of record may sell properties that will be financed using FHA-insured mortgages.
Any resale of property may not occur before 90 days from the last sale date, unless it falls within one of the following exceptions:
Sale by HUD if its Real EstateOwned Sale by other Government agencies of single family properties Sale of properties that are acquired by the sellers by inheritance Sale of properties purchased by employers or relocation agencies in connection with relocations of employees Sale of properties by state and federally charted financial institutions Sale … (0 comments)

 
Lizwithgold

Liz Mackenzie, Associate Broker

Little Rock, AR

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KW Commercial

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