Lot’s of questions this week about what constitutes a “binding sales contract” as April 30th 2010 rapidly approaches. See this information from the IRS website…to be safe, you may want to have your buyers/sellers go straight to P & S, as the P & S can still have conditions on it such as home inspections etc…just a thought. This information has also been confirmed with MAR & NAR.
Here are four strategies that can expedite a closing. Make sure you
$8,000 home buyer credit was extended passes US Senate today PLUS: a $6,500 credit added. Just wanted to make sure that you were
As most are very well aware the current mortgage interest rates are artificially low. What that means is that without pressure and actions taken by the Federal Reserve interest rates should and would be higher. Well, those actions are coming to the end. The Fed’s $300 billion mortgage securities buy back program is almost out…Read More→
Monetizing the first time home buyer tax credit.
Qualifications for the $8,000 Home Buyer Tax Credit Only first-time home buyers are able to take advantage of this credit. A first-time buyer is someone who has not owned a home over the past 3 years. Here are other qualifications: * The home must be your principal residence. * Only homes purchased on or after…Read More→