congress: Repeat and Reep the Benefits - Tax Credit Bonanza for Repeat Buyers - 11/15/09 12:31 AM
The President of the United States signed legislation on November 6th, 2009 that became effective immediately, allowing current homeowners, or ‘repeat buyers' to claim a tax credit of up to $6,500 for the purchase of a replacement home.This is the same law that extended the current $8,000 tax credit to first … (6 comments)
congress: Does the $8,000 Tax Credit Have a Future? - 10/27/09 04:54 PM
PRELUDEBefore I get into the story, let me share how I found out about the news...I was reading my email. Got some sort of promo from American Express to allow my Twitter Tweets to be broadcast on their service PULSE. So, I allowed myself to be distracted and signed up for … (3 comments)
congress: Blood In - Blood Out...New FHA Rules Before Congress - 10/05/09 10:28 AM
Congress has another band-aid they want to put on the economic crises this country and the world are currently experiencing...at a cost that would be picked up by a segment of the population that can least afford it - first time homebuyers.The goal of a new bill, H.R. 3706, introduced by … (8 comments)
congress: What is the Fate of the First Time Home Buyer Federal Tax Credit? - 08/27/09 10:30 AM
Currently, one of the most driving forces in the Hemet - San Jacinto Valley Real Estate Market has been first time homebuyers scrambling to take advantage of the $8,000 tax credit (10% of Purchase Price - Max $8,000) that was created as a stimulus to the economy.
In my opinion, the … (3 comments)
congress: FHA Down Payment Assistance Ready to Go Away - 08/02/08 10:17 PM
When President Bush signed HR 3221 into law on July 30th, 2008, he took what may be the most damaging step to actually hurt the housing market. I say this because he has completely done away with the FHA Down Payment Assistance program and raised the minimum percentage of funds that the … (2 comments)
congress: Who is Freddie and Fannie and What do they Do? - 08/02/08 09:37 PM
There has been a lot of buzz in the air with Congress passing and the President signing the new housing bill into law on July 30th, 2008.
I have not read the bill itself, but have seen numerous analytical articles - both pro and con on the topic. One of the big provisions … (0 comments)
congress: Where Does NAR Stand on the "Do Not Call List"? - 12/13/07 08:37 AM
Earlier this month, The United States House of Representatives voted and passed a measure, The Doyle-Pickering bill, referred to as the Do-Not-Call Improvement Act of 2007 (H.R. 3541), that would make phone numbers a permanent addition to the "Do Not Call List", instead of the 5 year period numbers are currently … (4 comments)
congress: Can A Hemet Realtor Help a Hemet Homeowner in Foreclosure? - 09/24/07 12:53 PM
Many times I hear Hemet homeowners ask if I can "Help save my home from foreclosure?" or as a Hemet REALTOR® can I "Stop the foreclosure?"I wish I could just answer "Yes" to every one of the times I am asked...but there are limitations and never any guarantees. There is only … (5 comments)
congress: NAR Needs Your Help With Congress - 09/16/07 09:37 AM
NAR Needs Your Help With Congress: The National Association of REALTORS® (NAR) sent out an email alert to its members asking for help with pressing business now before the United States Congress. I was made aware of this call to action from another blog article, written by Chris Elizabeth Griffith. … (7 comments)
congress: Is That Congress I See on the Big White Horse? - 07/16/07 12:29 PM
Is That Congress I See on the Big White Horse? by John Occhi, Hemet CA REALTOR Mission Grove Realty Anyone who does not have their head buried in the sand knows that the United States is on the verge of some sort of financial disaster as a result of repercussions … (29 comments)
congress: What Does a New Congress Mean to Real Estate? - 01/05/07 02:11 PM
What Does a New Congress Mean to Real Estate?by John Occhi, Hemet REALTOR® As I am sure you know, the new 110th Congress was sworn in to office yesterday with the Democrats taking control for the first time since before Bill Clinton left the White House. Many of us on the ‘right' cringe … (2 comments)
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John Occhi, ePRO, Hemet-San Jacinto CA Real Estate, 951-443-6259
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The President of the United States signed legislation on November 6th, 2009 that became effective immediately, allowing current homeowners, or ‘repeat buyers' to claim a tax credit of up to $6,500 for the purchase of a replacement home.This is the same law that extended the current $8,000 tax credit to first … (6 comments)
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