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Stimulus with 3rd party DPA

By
Real Estate Agent with The Lee Tessier Team

The President is coming up with all of these Stimulus that are costing all the tax payers Billions of Dollars, and there is one that won't cost us a dime. This is bringing back 3rd Party Down Payment assistance with some guidelines that they did not have previously. We need these first time home buyers and some of the move up buyers to be able to get more closing help from the sellers. This will allow buyers to get in a home for as low as $1,000 out of pocket. Previous to October 1,2008 40% of FHA loans had 3rd party DPA (Down Payment Assistance). Now that this is no longer available we have seen sales, and sales prices fall more in our area and I am sure this is national as well. We need to get Congress to get DPA back this is crucial to the economy and the housing market and stabilizing housing prices, and this will be something that doesn't put us in deeper national debt. Lets get this going!!!

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Barry Bridges
Barry Bridges Weichert Realtors Bridges & Co. - Smith Mountain Lake, VA
Lake professional

You are right. we need some controls but we need to put qualified people in houses

Jan 29, 2009 09:55 AM
LEE TESSIER
The Lee Tessier Team - Bel Air, MD

Yes we need to get these qualified buyers into homes to help the housing market.

Jan 29, 2009 10:08 AM
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

Lee, stopping by to share our Re/Max RELO message -  http://actvra.in/4jHG

Aug 15, 2014 03:18 AM