Senate leaders released more details about their compromise on the home buyer tax credit today. Among other things, the deal would give the IRS more authority to spot cheaters in advance and set an $800,000 price limit on all homes eligible for the credit. The existing $8,000 tax credit for first-time home buyers (meaning those […]
First Time Home Buyer Tax Credit Has Been Extended
A new Senate proposal will offer a first time home buyer tax credit extension to homes under contract by April 30, 2010. The former deadline was November 30, 2009. The home buyer tax credit will also be offered to people who have lived in the same home for five years, according to the proposal, which […]
Real Estate Quote of The Week
Short Sales are like a Disease, They Are Easy To Get and Even Harder To Get Rid Of.
Loan Modifications
Ok so everyone is talking about Short Sales and Loan Modifications nowadays. There are some things you need to look out for when looking for a company to handle your loan modification. The standard process of modifying a Home Loan either to adjust the interest rate, the Principal Loan Amount and or the terms can […]
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Short Sales – Information From The MLS Board of Miami
Tips & Tools for Successful Short Sale Transactions Dear Members, Due to the current economic climate, many current listings are disclosed as short sales. A short sale is a transaction where the net proceeds from the sale of a property are not enough to cover the seller’s mortgage obligations and closing costs, such as property […]
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