11/5/2009 11:05:00 AM
First-time homebuyer tax credit up to $8,000, along with tax credit for ALL homebuyers up to $6,500.
Congress giving "ALL" homebuyers a $6,500 tax break, and First Time Homebuyer up to $8,000 tax break. WASHINGTON – Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper. First-time homebuyers have been ...
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9/16/2009 2:03:00 PM
Am I eligible to be claimed as a "First Time Home Buyer"?
Who is eligible to claim the tax credit? First-time home buyers purchasing any kind of home, new or resale are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For ...
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3/21/2009 10:55:00 PM
First-Time Homebuyers 2009 New Tax Credit
As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal ...
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2/5/2009 11:18:00 PM
What is the, "First Time Home Buyer Tax Credit"?
The Housing and Economic Recovery act of 2008 A new refundable tax credit for individuals who are qualified first-time homebuyers of a principal residence in the United States. The provision applies to a principal residence purchased by the taxpayer on or ...
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1/9/2009 11:53:00 PM
Buying a HOUSE in Todays Economy?
You hear it daily, from your friends, your collegues, people just passing you on the street. You read it in every newspaper headline, people constantly saying that the housing market is down, with Short Sales & foreclosures rising at an alarming rate. ...
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12/16/2008 2:31:00 PM
SHORT SALE / BANKRUPTCY?
CAN I SELL MY HOUSE WHILE IN BANKRUPTCY? Many people do not realize that they can sell their home while they are still in a Chapter 13 bankruptcy . You will want to start by finding someone to put the house on the market. Once you have an interested buyer, ...
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11/21/2008 11:44:00 AM
WHAT TO EXPECT WITH A SHORT SALE...
The lender’s “loan mitigation” department reviews the seller’s request and paperwork and agrees to review (this is not a guarantee of approval) a written purchase contract from a qualified buyer. As the lender, imagine $250,000 mortgage ...
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11/4/2008 10:17:00 PM
CAN A SHORT SALE HURT MY CREDIT?
Will the short sale process have an impact to your credit? Yes, there will be an impact to the homeowners credit worthiness based on the transaction, but the impact with a short sale (which could be repaired within just a few years with hard work and determination) ...
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10/21/2008 9:08:00 PM
WHAT IS A SHORT SALE AND HOW WILL IT HELP ME TO AVOID A FORECLOSURE?
A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale , the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. ...
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10/19/2008 10:51:00 PM
DETERMINING A FAIR OFFER PRICE IN TODAY’S MARKET.
For the last several years housing prices have been soaring. It’s only recently that prices have begun to decrease once more. Still, some homeowners have not realized that a price adjustment is probably a necessity in today’s buyers’ market ...
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