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)
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)
york county pennsylvania: Short Sales
- 04/22/09 01:07 AM
The Deal Killer of Short Sales Over the past year we have seen and read more about short sales than we probably ever wanted to know. For most pros out there it's a market niche that they have avoided because of the difficulty and uncertainty generally associated with short sales. And I think we would all agree that the process is, if anything, daunting. But there is one thing that is often overlooked that could increase your success rate. Many times in the rush to get the lender onboard the documentation process becomes the primary focus. Everything is zeroing in on … (0 comments)
The ins-and-outs of the $8,000 First-Time Homebuyer Tax Credit
If you are - like many Americans - trying to figure out the best time to make your first home purchase, then you may want to take a closer look at the first-time homebuyer tax credit included in the American Recovery and Reinvestment Act, which was signed into action by President Barack Obama on February 17, 2009. Repayment
The 2009 homebuyer credit DOES NOT require repayment. Repayment of the credit is only required if the … (1 comments)
Real Estate related web sites keeping us in the loop!!
School Matters (reports on schools around the country) Department of Justice Competition and Real Estate REALTOR.com Inman News Great Schools Info Broker Agent News RIS Media REAL Trends Zillow.com Trulia.com rebac.org Build Your Route (Compliments of MapQuest) Real Move Value (includes fliers with home moving tips to remember to send your closed buyers … (0 comments)
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