Senate negotiators reached a tentative deal to extend a tax credit for first-time home buyers, but its passage remains uncertain. The agreement would extend the existing credit for first-time home buyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would [...]
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Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30. Purchasers would have another 60 days to close the sale. The credit will also be expanded to include [...]
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According to the National Association of Realtors, existing-home sales have made a strong rebound in September with first-time home buyers driving much of the activity, marking five gains in the past six months. Existing –homes sales which include single-family, townhomes, condominiums, and co-ops lead the charge jumping 9.4 percent. Sales activity in this sector is [...]
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With the November 30th deadline quickly approaching the fait of the $8k first-time homebuyer tax credit is still looming. With all the activity that the tax-credit is responsible for how could the current administration not extend it or open it to more than just first-time homebuyers. Easy according to opponents, there are a lot of [...]
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When a homeowner “escrows” his mortgage, along with his scheduled monthly mortgage payment, he must also send an additional payment to the lender equal to 1/12 of the home’s annual real estate tax bill plus 1/12 of the annual homeowners insurance bill.
Filed under: First Time Home Buyer, Real Estate Investor | Tagged: Business, Escrow, Financial services, Foreclosures, Home insurance, Insurance, Loan, Mortgage, Real Estate, seattle foreclosures | Leave a Comment »
Maybe you’re still on the fence or uncertain about purchasing a home because you’re not sure what the future holds in Washington State, more specifically in King County and surrounding areas. First and foremost you have to look at purchasing a home as a marathon not a sprint. Now more than ever before you have [...]
Filed under: Bank Owned/REO, First Time Home Buyer, Real Estate Investor, Seattle, Uncategorized | Tagged: Bank Owned Property, Bank Owned/REO, Bank Repossessions, Economy, Fannie Mae, Federal Reserve System, Financial services, Foreclosure, Foreclosures, Home Buyers, Home Sales, Home Sellers, Investing, Investor, King County, Mortgage, National Association of Realtors, Real Estate, Real Estate Investor, Real estate owned, Real estate pricing, Rent, reo, Seattle, seattle foreclosure, Seattle Real Estate, Seattle REO, Supply and demand, U.S. Housing Market, WA Real Estate, WA REO | Leave a Comment »
The deadline for the $8,000 first-time federal home buyer tax credit is quickly approaching. In order to qualify for the tax credit your transaction must be completed or closed by the deadline of November 30. With the deadline quickly approaching what’s going to happen if the contract you have on a home is not completed [...]
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more about "First Time Homebuyer", posted with vodpod
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The End Of The First-Time Home Buyer Tax Credit (Video)
Filed under: First Time Home Buyer, Mortgage, Seattle | Tagged: Accounting, Adjusted Gross Income, American Recovery and Reinvestment Act of 2009, Internal Revenue Service, Tax, Tax Credit, Tax return, United States | Leave a Comment »
