Did FHA Just Throw First Time Buyers in Front of the Bus for a PR Gain?
Welcome Back Readers! I apologize in advance for the negative tone of this post, but it is information that people who plan on buying this year need to have. Let me start with this: There are many solutions available to FHA’s problems, and there are other programs that allow cash poor buyers to still purchase homes. It is not the end of the world, FHA is still a fine program, but I have an issue with their changes not offering a... Read More
It Isn’t a Question of “If” Waiting Will Cost You, but Rather “How Much?”
Waiting. Sometimes a wise strategy, sometimes a foolish one. When it comes to home buying, waiting will surely cost you. There are a number of reasons why, but before I go into that, let’s get one thing clear…. if you aren’t in a positions to buy, if you truly can’t afford it, don’t do it. But if you are unsure, if you are “thinking about it”, if you are planning to “start looking” in... Read More
The numbers are in and they’re…… not that bad!
I know, I know, not the most inspiring title but seriously, when we look at market statistics in today’s ecnomy not that bad is pretty darn good! Read on to find out more! Read More Read More
It’s Back! PHFA Allows Buyers to use the First Time/Repeat Buyer Tax Credit to Close!
It’s official! Today, Pennsylvania Housing Finance Agency (PHFA) announced that it has allocated funding in the amount of $5,000,000 for the continuation of their Tax Credit Advance (TCA) program! This is a limited time offer, so take note, once they run out of money it will be too late, so you need to move now if you want to take advantage of it! Read further for details! Read More Read More
A Whole New World – Why the New and Expanded Tax Credit May Save the US Economy!
This past Friday, President Obama signed into law H.R. 3548. This bill, at it’s heart a bill to extend unemployment benefits {which, by the way, is being completely overlooked as the critical step it was to help the unemployed workers in this country, but that’s a topic for another day (see, I’m overlooking it too!)} contained a roundly supported amendment to Extend and Expand the First Time Home Buyer Tax Credit that was set... Read More
Home Buyer Tax Credit Passes House 403-12!
With a quick and resounding “Yes” vote, the House today passed HR3548, extending and expanding the Home Buyer Tax Credit! All we need now is for President Obama to sign the bill into law! Read More Read More
Home Buyer Tax Credit Passes Senate 98-0!
The Senate voted today 98-0 to pass the HR 3548. HR 3548 is a bill that extends unemployment benefits for an additional 20 weeks and contains an amendment that extends the existing $8,000 First Time Buyer Tax Credit and adding a tax credit for Move Up buyers! Read More Read More
Recording your documents will cost you more starting December 2009
Fees. It’s an interesting word and many people don’t know just how many fees are involved in a real estate transaction. Lender fees, title fees, inspection fees, notary fees, administrative fees, recording fees, if you’ve ever looked at a settlement sheet you’d be amazed at just how many there are. Why so many? Read More Read More
