Recent reports indicate that President Obama will announce more measures to prevent foreclosures throughout the U.S. The new plan encourages the Federal Housing Administration to insure lenders against part of the losses they'll sustain after reducing the principal balances on borrower's notes. Lenders will be asked to bring the note balance down below the homes current value. When there is a 1st and a 2nd the guidelines will permit no more than a 115% LTV after the note balances are reduced. Also in the plan is a provision for the Treasury to pay a portion of an unemployed homeowner's loans for up to three months while they look for a … [Read more...]
Winchester Real Estate buyers may get up to $10,000 in CA Tax Credit
March 27, 2010 By Leave a Comment
First time home buyers of Winchester Real Estate will be happy to learn of a new tax credit they may be able to claim in conjunction with the purchase of their new home. If buyer's were shopping last year they may remember that there was a California tax credit in 2009 as well. One of the major differences between this new program and the one from 2009 is that this program is for the purchase of ANY home and is NOT LIMITED to the purchase of new construction. Even though it was limited to new construction, the program in 2009 was so successful that they ran out of funds 8 months before the program was scheduled to end. AB 183 (signed … [Read more...]
Murrieta Real Estate buyers may get up to $10,000 in CA Tax Credit
March 27, 2010 By Leave a Comment
First time home buyers of Murrieta Real Estate will be happy to learn of a new tax credit they may be able to claim in conjunction with the purchase of their new home. If buyer's were shopping last year they may remember that there was a California tax credit in 2009 as well. One of the major differences between this new program and the one from 2009 is that this program is for the purchase of ANY home and is NOT LIMITED to the purchase of new construction. Even though it was limited to new construction, the program in 2009 was so successful that they ran out of funds 8 months before the program was scheduled to end. AB 183 (signed … [Read more...]
Temecula Real Estate buyers may get up to $10,000 in CA Tax Credit
March 27, 2010 By Leave a Comment
First time home buyers of Temecula Real Estate will be happy to learn of a new tax credit they may be able to claim in conjunction with the purchase of their new home. If buyer's were shopping last year they may remember that there was a California tax credit in 2009 as well. One of the major differences between this new program and the one from 2009 is that this program is for the purchase of ANY home and is NOT LIMITED to the purchase of new construction. Even though it was limited to new construction, the program in 2009 was so successful that they ran out of funds 8 months before the program was scheduled to end. AB 183 (signed … [Read more...]
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