ARCHIVED BLOG POSTS
2009
$8,000 Tax Credit As A Down Payment Rules Issued By HUD. They Are Not What Was Hoped For!At the National Association of Home Builders Spring Board of Directors meeting on May 29, 2009 HUD Secretary Shaun Donovan announced the rules for using the $8,000 tax credit. They are not what was hoped for...
05/29/2009
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How Will The New Appraisal Rules Effect You?Effective May 1, 2009 all home mortgages being sold to Fannie Mae and Freddie Mac must follow the new Home Valuation Code of Conduct (HVCC). HVCC sets new guidelines on how appraisals must be ordered and who can have contact with the appraisers. This r...
05/18/2009
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Use The $8,000 Tax Credit As A Down Payment?At the National Association of Realtors legislative summit's meeting on May 12, 2009 HUD Secretary Shaun Donovan announced a plan that would allow first time homebuyers to use the $8,000 tax credit as a downpayment."We all want to enable FHA consumers ...
05/13/2009
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