The Senate passed the homebuyer tax credit extension today, allowing those who were under contract by April 30, 2010 to move past the original deadline of today, June 30, 2010 to settle by September 30, 2010. NASDAQ reported this wonderful news a short time ago. The House voted in favor of the homebuyer tax credit [...]
In a last effort push, the House voted to extend the tax credit three months and the decision to be put into law is now in Senate hands. The House voted 409-5 in favor of bill H.R. 5623. This would be a welcome relief for the estimated 180,000 homebuyers who would lose out on the [...]
Up to 180,000 homebuyers may lose the tax credit if the deadline is not extended past June 30, 2010 -- and not by any fault of those buyers. NAR reports that in Maryland, that number is around 2,630 homebuyers. This is due to waiting on short sales, foreclosures, or lender delays, none of which these [...]
98 Maryland High Schools ranked in a Newsweek survey out of 27,000 high schools across the country. Only 6% of all high schools (about 1,600) make the list. Baltimore County Public Schools had 12 schools on there! The Baltimore Sun reported on the list, stating the Baltimore County Schools that made it and their ranking: [...]
The tax credit extension bill did not pass in the Senate today. Those qualifying buyers who wish to receive the credit MUST close by next Wednesday, June 30, 2010.
The Senate voted and passed a proposal tax credit deadline for settlement for those who were under contract by April 30, 2010 from June 30, 2010 to September 30, 2010. This is GREAT news for buyers who are facing issues with either financing, short sales, or other issues which could have delayed their closings, due [...]
Baltimore real estate sales were down in May 2010, a noted amount after the Homebuyer Tax Credit ended. As noted from MRIS, the local Multiple Listing Service, pending sales decreased 13.7% compared to May 2009. April 2010 had 16,089 contracts written. May had only 9,527, which is 6,562 less! The good news is that the [...]
The Maryland Taxation of Forgiven Debt in Short Sales bill was signed by Mayor O'Malley on May 20, 2010. This is great news because it PREVENTS the tax of the debt forgiven. A few counties in Maryland -- Anne Arundel, Prince George's, and Montgomery had begun charging recordation and transfer taxes based on what was [...]
Many times people are not sure of what not to pack when moving either for the movers or for yourself! RISMedia and Lowe's came up with a great list to help. For irreplaceable items, I recommend taking them with you in your car. Unfortunately many times things get broken. You want to make sure to [...]
Mortgage rates drop very low -- below 5% -- as international money comes into the United States. The US bonds are seen as a safe haven in light of the financial troubles in Europe, and this is having a nice result in our country. The Wall Street Journal reported this morning that interest rates were [...]