Receiving Real Estate News in Newsletters? Better Check It Out on AR Before You Repeat It.

By
Real Estate Agent with Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 141871

The HGTV Newsletter that came in the email  this morning (May 19, 2009) has a link to their article HUD to Allow $8,000 Credit as Downpayment on FHA-Insured Loans.  I have no idea how many people subscribed to the HGTV newsletter, but I bet it’s a huge number.  So everyone that subscribes received a direct link to that  article.  The article was dated from May 13th when the original announcement was made, but it's going out in their newsletter dated May 19th as current news...:

 

“WASHINGTON, May 13 - HUD Secretary Shaun Donovan's decision to allow consumers to use the $8,000 first-time home buyer tax credit to help cover their downpayment and closing costs on FHA-insured mortgages will be a big boost to the housing market, according to the National Association of Home Builders (NAHB)…… The measures announced by HUD would allow FHA-approved lenders; federal, state and local government agencies; and FHA-approved non-profit organizations to supply home buyers short-term or "bridge loans" up to the amount of the $8,000 first-time home buyer tax credit.”

 

Thanks to Jeff Belonger, I thought to myself, “This is old news and has been rescinded for FHA loans." In fact, Jeff has written a series of blog posts on this as the situation has changed.  

 

Thanks Jeff, for keeping up with what’s current in the mortgage business and keeping us posted!

 

I clicked around on different links on the newsletter and on the HGTV website and could not find any link to anything that stated the $8000 tax credit could not be borrowed against for a down payment on a FHA loan. 

 

Now I realize that these newsletters are probably written several days before they are emailed, but shouldn’t someone have removed the link to the above article?

 

Oh well, guess where I get my real estate and mortgage news?  You got it… Active Rain.

 

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Life in Southeast Oklahoma is GREAT!  If you're looking for a home or land in my part of the country, give me a call:  Judi Barrett, broker, Integrity Real Estate Services, 580-212-5946.  Or visit one of our websites:

 

Integrity Realty

Integrity Real Estate

Lake Raymond Gary Homes

Fort Towson Homes

Valliant Homes

 

 

Integrity Real Estate Services
Our Name Says It All.
Real Estate Services You Can Trust.
580-212-5946

 

© Copyright 2009 Judi Barrett, Integrity Real Estate Services

 

 

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check it out before you repeat it

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Ambassador
2,283,175
1 ~Judi & Don Barrett & Chassy Eastep - Integrity
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

I used to read the newspaper with my morning coffee.  Now I read posts on AR with my morning coffee and the newspaper has to wait.

May 20, 2009 12:26 AM #1
Rainmaker
128,817
Joanne O'Donnell
Chic Home Interiors - Oakland, CA

Judi and Don, yes, Active Rain is the bomb!  This is where the experts live!

May 20, 2009 12:31 AM #2
Ambassador
1,612,227
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

AR is up on the news. I am amazed how fast we can obtain information on this site no matter what hour of the day. Thanks AR

May 20, 2009 12:52 AM #3
Ambassador
830,085
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

When HGTV gets around to doing it it is old news for sure. If you wait for HGTV to tell you something you have missed the boat

May 20, 2009 12:52 AM #4
Ambassador
2,283,175
1 ~Judi & Don Barrett & Chassy Eastep - Integrity
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Joanne, Absolutely... What did we do before AR? Thanks!

Harry, 24/7.. someone's always here! Thanks!

Charlie, You said it! But many people receive their newsletter - consumers. Thanks!

May 20, 2009 01:11 AM #5
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1,022,168
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Just this morning I was having a conversation with one of my sons about a business he is building, and found myself asking "so tell me, are you referring to indexing or scraping?" - something I learned about through the discussion on AR about the NAR meetings.  He was floored that I knew this terminology and, once again, ActiveRain made me look smart.  There are a lot of people who missed the bad news on this FHA mess, while (thanks to Jeff) everyone on ActiveRain knew in a timely manner.

May 20, 2009 02:00 AM #6
Ambassador
2,283,175
1 ~Judi & Don Barrett & Chassy Eastep - Integrity
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Margaret, Yes, surprisingly I also know what you are talking about due to reading on AR.  Thank you for stopping by.

May 20, 2009 02:58 AM #7
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BS Ed, Integrity Real Estate Services -IDABEL OK
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