Courtesy of StarTribune Newspaper, Saturday, Ocotber 25, 2008.
Minnesota housing crisis to receive $60,000,000 cash boost.
By MARIA ELENA BACA, Star Tribune
"The nearly $60 million in federal money is aimed at selling and rehabbing abandoned and foreclosed homes. The federal government is lending a $57.8 million hand to state and local governments efforts to get foreclosed and abandoned homes sold and occupied again."
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There are still financing options available for almost every type of property and their condition. Let our lender qualify you today with one of the many programs available under this cash boost, Minnesota Housing Finance Agency, Neighborhood Stabalization Program, Housing and Economic Recovery Act. FHA 203k is a low interest, 30 year fixed loan that will allow you to finance up to $35,000 worth of repairs...it's that simple and easy. It couldn't be a better time to buy a home!
FIRST TIME HOME BUYERS* NOW QUALIFY FOR A TAX CREDIT UP TO $7,500 in addition to:
National Real Estate Stimulus Program
The National Real Estate Stimulus Program is now available to all buyers of real estate in Minnesota and Wisconsin. Now all buyers purchasing any property qualify to receive a cash bonus of one point seven percent of the sales price, up to a maximum of ten thousand dollars. A tax-free cashier's check is mailed to the buyer after closing and upon receipt of proof of purchase and verification of identity. All buyers qualify for this stimulus program regardless of price range, income, type of real estate or financing. If you are thinking of purchasing a real estate property, you qualify for this real estate stimulus program. For more information on how you can receive your real estate stimulus program bonus, contact Renee Johnson of Exit Realty Executives. Renee Johnson may be contacted at 763-548-1408
*Anyone not having owned a home in the past three years is considered a first time home buyer.
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