This afternoon Bush will be signing the economic stimulus package in hopes of bringing our national economy back on track.  The stimulus package includes tax refunds to most households and tax incentives for business investment. 

This package also promotes the GSE and FHA limit increase.  The government is expecting an additional 300,000 homes sales from an increase in the GSE.  The FHA loan limit increase is expected to allow an additional 138,000 Americans to purchase homes and over 200,000 will be able to refinance to a more secure and affordable loan program.

 Dallas Texas Real Estate
Dallas Texas Real Estate

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1 Comments on Bush signs Economic Stimulus Package - Housing Reform

JUL
30
2008

2Questions, I understand under this new stimulus package also has impact on how one's taxes and credit are affected.

Is it true that if a homeowner has a short sale, that they will not receive a 1099G from the IRS?

Is it true that the shortsale is shown as a foreclosure that is satisfied on one's credit report? 

Mike G
1:20pm • #1

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