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January 2010 - Posts

Suprising Facts About the Buyer Tax Credit
The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it. To qualify for the move-up tax credit, a home owner must have occupied the same principal residence Read More...
SELLERS SHOULD LIST HOME EARLY
Selling a home in the dead of winter might seem ill-advised, particularly considering the state of the economy, but some experts think that making the decision to wait until spring to list the property could be a mistake. Government incentives will likely Read More...
FHA Announces Rules for Short Sales and Short Pay Offs.
On December 16, 2009, the Federal Housing Administration (FHA) released Mortgagee Letter (ML) 2009-52, providing guidance to lenders and underwriters on short sales and short pay offs. The guidance is effective immediately and impacts FHA Handbook 4155.1, Read More...