sellers and consumers: It's the least we can do..... Special Rules for Members of the Military, the Foreign Service - 12/03/09 11:33 PM
 

Congress has acknowledged the unique circumstances affecting members of the military, the foreign service and the intelligence community by making the following exceptions that apply to both the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers.
Exemption From Tax Credit Recapture Rules
Typically, homes that are sold or that cease to be used as a principal residence within three years of the initial purchase are subject to recapture of the tax credit.
However, qualified service members who sell or move from a tax credit home within three years of the initial … (1 comments)

sellers and consumers: New Home Sales Down Even With First Time Homebuyers Credit - 11/30/09 04:34 AM

New Home Sales Down ! First Time Homebuyers Tax Credit Not Helping Much .....
New Home sales dropped in September as buyers decided this may not be the time to purchase a new home. Single family homes sales were down nationwide by 3.6 percent.
What is interesting is that the National Association of Home Builders used the downturn as a call for Washington to increase the $8,000 new home buyers subsidy. Now I understand why, that is $8,000 more per home the government will give the builders towards the price of a home, or if we want to be technical, … (0 comments)

sellers and consumers: IMPORTANT LENDING INFORMATION JUST IN 5/29/09 - 05/29/09 03:40 AM
York Pennsylvania here!
  Lot's on the docket today, so read on!   Good news #1- After the carnage of Wednesday, as of right now, we have reclaimed  half of that days loss of 207 "basis points"  (34 bps yesterday and 94 as of right now today!)  This is very encouraging as it may show that the move on Wednesday was indeed a "panic selloff" and we will move back to those levels. I have heard many analyst and pretty smart people commenting that the FED will have to make some announcement as to their intentions for the MBS program and that they … (0 comments)

sellers and consumers: How Lease-to-own purchase works for the consumer - 05/08/09 01:21 AM
York County Pennsylvania here!

I have had several clients wanting to explore Lease-to-Own Purchases lately. I look forward to this helping comsumers.
What Is a Lease-to-Own Purchase?
A lease-to-own house purchase (also "rent-to-own purchase" or "lease purchase") is a lease combined with an option to purchase the property within a specified period, usually 3 years or less, at an agreed-upon price. The borrower pays an option fee, 1% to 5% of the price, which is credited to the purchase price. The borrower pays rent, and an additional rent premium that is also credited to the purchase price. If … (0 comments)

sellers and consumers: Free Annual Credit Report for Buyers,Sellers and Consumers - 04/22/09 01:19 AM
This service is something I always offer up to my buyers and sellers. It keeps them in the loop. Recently I had a potential buyer who makes upwards of 80,000 a year but had not been paying their bills on time due to just plain old forgetfulness. Anyway, now this is the first tool I send to potential buyers.
AnnualCreditReport.com is the official site to help consumers to obtain their free credit report.
Fight identity theft by monitoring and reviewing your credit report. You may request your free credit report on line, request your report by phone or request your report through … (0 comments)

 


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