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Home : Blogs : Lynn Hammond : Lynn Hammond's Blog

First Time Home Buyers Credit Extension

I just received a notice from my local real estate association the bill is not final, but an extension is imminent. The latest version extends the program to sales signed by April 30. Purchasers would have 60 days to close. The credit will also include "step-up" buyers who have lived in their current home for at least 5 years!! Very good news!!

The credit will be cut 10% to $7,290 but income eligiblity for first time home buyers will stay the same. The income will rise for "step-up" buyers to $125,000 for individuals and $250,000 for couples.

Let's all keep our fingers crossed that this goes through!!!

Posted by Lynn Hammond on 10/28/2009 01:33 PM

First Time Home Buyers Extension in the ActiveRain Channel

first time homebuyers, real estate, homes, mortgage, foreclosure, tax credit

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Meeting the First Time Homebuyer's Deadline

Lynn Hammond (Crye-Leike, Realtors)

Just wanted to post a quick note about closing before the deadline. If you have any first time homebuyers that are scheduled to close next month, you may want to check with their lenders and title/closing attorneys to see if they will be open the…

Williamson County Tennessee's September Numbers

Lynn Hammond (Crye-Leike, Realtors)

The market in Williamson County slowed a bit for the month of September, 2009. There were 219 residential and condominium closings in September as compared to 236 in August, 2009. Compared to September 2008, the median sales price has decreased 5%…

Living in Nashville

Lynn Hammond (Crye-Leike, Realtors)

I feel so lucky to live in a city that was voted one of the friendliest cities in the country! I moved to Nashville 9 years ago from Tampa (via Atlanta), and I have to say that this city lives up to its reputation. It is not just a "southern charm";…

What happened to the assistance for troubled mortgages?

Lynn Hammond (Crye-Leike, Realtors)

I saw on the news yesterday that only 10, 000 mortgages per state were receiving assistance from the federal government or their lender to help bring their mortgages current and avoid foreclosure. Then I read today that according to RealtyTrac that…

Is the First Time Homebuyer's Tax Credit Working?

Lynn Hammond (Crye-Leike, Realtors)

"Is the first time homebuyer's tax credit working? " That was the title of an economist commentary on the NAR website from Oct. 7. I am interested in what you think? In my area, Nashville, Tennessee, we have certainly seen an increase in closings…

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Lynn Hammond

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Crye-Leike, Realtors

Address: 1187 Old Hickory Blvd., Brentwood, TN, 37027

Office Phone: (615) 373-3513

Cell Phone: (615) 268-4300

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