How long will the government wait to extend the First Time Homebuyer Credit?

By
Mortgage and Lending with Mortgage Services, Inc.

The government has still not yet decided to extend the First Time Home-buyer Credit. What are they waiting for? If they knew how bad it really was out there they'd act on extending the tax credit. Our mortgage modification experience tells us that many lenders and mortgage servicing companies are not playing fair with regard to the Federal Making Home Affordable Program. Many lenders and mortgage servicing companies are making it very hard for the consumers to get approved for these federal programs and it is going to be a matter of time before the housing inventory increases.

If you have an opportunity to write or to call your legislator please do so immediately. Time is of the essence!

Until next time.

Ron Giannamore

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
law
first time homebuyer credit
federal tax credit
housing credit

Spam prevention
Show All Comments
Rainmaker
635,364
Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties Falmouth MA

I read today that Nobama is waiting to see if the first series of credits had any impact.

Oct 22, 2009 07:09 AM #1
Anonymous
Nathan

I have heard of such attrocities many times and people had suffered a lot in the hands of these Mortgage Servicing Companies. So, I would recommend that before Federal Government start on First Time Homebuyer Credit, it should do to solve the earlier problem of these Mortgage Servicing Companies.

Best Mutual Rates

Oct 22, 2009 07:47 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
50,151

Ronald A. Giannamore

Ask me a question
*
*
*
*

Additional Information