Learn About The First-Time Homebuyer’s Credit – Video

Filed Under Buyers Info, Financing, Tax Credits · Tagged: , , ,  

In November, 2009, the federal government extended and expanded the popular First-Time Homebuyer’s Credit. It lets you trim your tax bill by up to $8,000. Sign a contract to buy a home before April 30, 2010 and then close on it by June 30, 2010 and you can claim the credit on your 2009 or your 2010 tax return.

Learn About The First-Time Homebuyer’s Credit

February 11, 2010 by Greg ·

Tax breaks on short sales

Filed Under Foreclosures, Sellers Info, Short Sales · Tagged:  

Suzie Orman talks about tax relief you are entitled to when you sale through a short sale. In the video it is discusses that you do not owe income tax of the loan forgiven…

Reblog this post [with Zemanta]

February 2, 2010 by Greg ·

Special Offer – HomePath pays buyers closing costs

Filed Under Buyers Info, Financing, Foreclosures · Tagged: , , ,  

Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes

Fannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on this site that are closed within this period may receive up to 3.5% of the final sales price for:

  • Closing costs;
  • The purchase of new Whirlpool® appliances by Fannie Mae; or
  • A mix of closing costs and appliances, at the buyer’s discretion, up to the maximum 3.5%.

To be eligible for this incentive:

  • Offers must be accepted on or after January 28, 2010
  • Property sales must close before May 1, 2010
  • Buyers must be owner-occupants, investors are excluded

To see a list of Fannie Mae Foreclosed properties Click Here

*Lenders may impose their own limitations on the use of the 3.5% incentive, so buyers should consult their lenders for guidance.

Reblog this post [with Zemanta]

February 1, 2010 by Greg ·