Archive for the 'Buying A Home' Category
Sweet Delight! Tax Credit for Home Buyers Extended & Expanded
USA Today reports that the Tax Credit for 1st
day home buyers has been extended and expanded! (Subject to President Obama’s
signature)
First day home buyers
will be eligible for the tax credit as expanded sign a purchase contract by April
30, 2010 and close on the property before June …
Tax Credit for Home Buyers Extended & Expanded: Obama To Sign Soon
11-5-09, I jumped the gun, but it did pass today and President Obama is expected to sign it into law as early as Friday, 11-6-09. Yay!!!11-2-2009, I regret to report that my source for that legislation was
incorrect. I typically look for two sources, in that case one was
verbal and the othe…
Prepare For 1st moment Homebuyer Tax Rebate and Your IRS Audit
If you bought a home that year using the 1st instance Home Buyer tax credit for $8,000, be advised that due to some very questionable claims made by others before you, you could be in for a tax audit.I found this great article in my reading and thought that the subject bears repeating. The Wall Stre…
Castles of Southern California by Guest Blogger
The following post was contributed by Sarah Scrafford:
California is famed as much for its distant coastline, beaches and sunshine as for its celebrity homes, some of which are similar to castles considering of their size and/or opulence. Celebrities are big spenders, opting at times for styl…
Buying Foreclosure and REO Properties
Everyone hears about the problems in real estate; that there are many homes on the market and many more being lost to foreclosure every day.
In California, that is much more prevalent than in other parts of the country. California has a higher rate of foreclosure than average and values have decl…
Short Sale vs. Foreclosure: The True Impact On Credit
I have gotten the impression from the many real estate agents are unaware that the effect of a Short Sale on their clients credit report isn’t as poor as Foreclosure or Deed In Lieu of Foreclosure.
I have actually seen a lot to the contrary in advertising. It scares me considering I see a lot of la…
Tougher Standards for Fannie Mae Home Loans
Today was the first day’s use of the new software for underwriting Fannie Mae loans. Version 7 of the Desktop Underwriting® software was upgraded with lenders by the past weekend.
This new version of the underwriting process will take a much longer and more conservative look at borrowers. By lon…
