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$99 A Month for 12 Months – Not a Gimmick Thanks to $8,000 Tax Credit
You might have read the headline and thought, oh no! This is another one of those funky loans that change over time. Nope. It’s not a special loan, it’s another way to think about the $8,000 tax credit. If you take a $125,000 home’s payment of roughly $750.00 a month at 6% interest rate (fixed [...]
Georgia Home Buyer Tax Credit
Governor Perdue signed HB 261 yesterday creating a Georgia income tax credit up for the purchase of an eligible single-family residence.
Although the bill was signed yesterday, the credit is limited to eligible purchases made between June 1, 2009 and November 30, 2009.
The credit created by HB 261 can be claimed one time per taxpayer [...]
Obama Just Paid You To Buy A Home
For the past 5 months I’ve heard about Obama’s plans non-stop. Not a single one of his plans have done or will do anything for the American economy. I’m not here to rant about bailouts, handouts or bonus checks. I’m here to talk about something incredibly awesome.
Sure you COULD get a [...]
Deal or No Deal – Real Estate is Changing Again
The phone is ringing, is it the bank? You might want to pick that up. There’s some new stuff coming and you need to know what is coming if you are a buyer and if you are seller.
First, what is coming:
2009 Will forever be known as the year of the Short Sale . 2007 [...]
Why Short Sale? Short Sale VS Foreclosure
It’s come full circle, I’m loving short sales from a seller representative standpoint due to the fact that it helps get them out of a situation that could devastating to them financially. For a long time I’ve not enjoyed showing short sales to my buyers, simply due to the hassle. Having closed several this [...]
How Can I Improve The Quality of Our Community?
I recently had a question from a seller in a neighborhood with a lot of foreclosures on how to help improve the situation. I thought would share the response with you:
Communities that have high involvement of neighbors tend to have a slightly lower rate of foreclosure. Get organized and get involved with the HOA. You [...]
Fannie & Freddie Hold Off On Foreclosures
In a sort of odd Christmas Present to some home owners, Fannie Mae and Freddie Mac has post-poned foreclosing on about 16,000 homes until Jan 09.
"This is another news item that the government is hoping will stem the tide of foreclosures," said Walter Schmidt, head of mortgage strategy at FTN Financial Capital Markets in Chicago. [...]
What is a Foreclosure?
As many of you know the real estate market is flooded with foreclosures. However, there seems to be some misconceptions about what a foreclosures is. Some mistakenly think that all foreclosures are HUD homes.
HUD homes are not the only foreclosed homes out there. Foreclosed homes are often mis-categorized. There’s Pre-Foreclosure, Auction and Post-Foreclosure homes [...]
What’s A Short Sale?
I’ve gotten several questions from new buyers and other from my previous blog post about short sales that I’d thought I’d right a little something about Short Sales.
A short sale is what happens when the bank takes less then what they are owed. For example, a buyer buys a home for $150,000 in 2007. Unfortunately, [...]