This is a great article that come out in the LA Times a few days ago and explains how you can buy a house and get a great tax credit. Read on . . .
Tax credit for home buyers works like an interest-free loan
Purchasers can shave as much as $7,500 off their IRS bills, though [...]
Recently, the House and Senate passed broad-based housing legislation, which was signed into law by President Bush this morning. Heralded as the most sweeping housing reform since the “New Deal”, it includes the creation of a strong regulator for Fannie Mae and Freddie Mac, changes in conforming and FHA loan limits, a comprehensive modernization plan [...]
Nehemiah will gift up to 3% of the final sales price to a qualified Nehemiah buyer for the down payment. This allows a you to buy a home with no down payment when combined with a FHA loan. This program requires the assistance of the home seller.
Nehemiah is a private California non-profit housing corporation. Nehemiah [...]
After about a year of actively transforming my real estate practice from the the "old" model to the Real Estate 2.0 model, I have learned a ton, too much to talk about in this one blog post, but I will try and hit the highlights. It has been an incredible ride and I can honestly [...]
July 16 (Bloomberg) — The U.S. housing crisis may accomplish what years of parental hectoring couldn’t: Turn Americans from spenders into savers.
Spending will fall because homeowners can no longer use rising real estate values to borrow cash — $837.5 billion in 2006, according to a report by former Federal Reserve Chairman Alan Greenspan and senior [...]
Click here to take a look at this article that came out a few months ago.
Press-Telegram Article Sunday, September23, 2007
Sincerely,
Mark Shandrow
Keller Williams Realty
I have had the good fortune of working with Patricia Benjamin on both the sale of her condo and purchase of a beautiful ocean view condo at the same time. I was able to sell her condo in less than 14 days which allowed her to buy a new place and not stress about [...]
You are probably wondering why a bank would agree to loose ten to hundreds of thousands of dollars on a short sale? The simple reason is that a short sale is less costly to a bank than a foreclosure. Period. It is purely economic. The reasons that short sales are less expensive to a bank [...]
In December, 2007, President Bush signed a new law giving tax breaks to homeowners who have mortgage debt forgiven called the Mortgage Forgiveness Debt Relief Act of 2007. Now, a taxpayer does not have to pay federal income tax on debt forgiven for a loan secured by a qualified principal residence. This new tax break [...]
Wow, what a few months makes. I am now having almost a 90% success rate with getting our short sales approved. Banks like Chase, Countrywide, HSBC and WAMU have done an incredible job streamlining their short sale negotiation processes. I guess they had to do something with the increase in volume. Certain banks can still [...]
