According to CNN, by a vote of 98 to 0, the Senate voted to extend unemployment benefits and extend the First Time Homebuyer Tax Credit! The next step is to move onto the House of Representatives, who is expected to pass it as well as early as tomorrow, and get the bill into President Obama's [...]
Towson Condo Owners have a new issue to grapple with. First there was the change in the laws for condo insurance converage. Now we have the new FHA condo guidelines that may affect many people who want to buy or sell a Towson condo! HUD announced this change in July, and the new guidelines were to take place [...]
November 30, 2009 seems far enough away. It's after Thanksgiving, and it's currently 95 degrees out. Who's counting? Towson First Time Homebuyers should be, that's who! If you want to take advantage of the First Time Homebuyer Tax Credit, you must get MOVING NOW! It can take some time to find a house. If we [...]
Exciting news for the Towson Homebuyer -- the 43% of the homes in the Baltimore real estate market are in the "affordable" range -- under $250,000, according to the Metropolitan Regional Information Systems, the multiple listing system in our area. Towson's percentage is lower, however a few neighborhoods that were more expensive before are now in that [...]
From our esteemed guest blogger, Tasha Linton, of Atlantic Home Equity Mortgage, more details about the first time homebuyer $8000 tax credit and how it can and cannot be used for buying a home. -------------------------- I am sure everyone heard about another change to the $8000 tax credit policy. On Friday, HUD Secretary Shaun Donovan announced [...]
On Tuesday I wrote about an exciting new program that HUD & FHA were rolling out to let the $8000 Tax Credit for First Time Homebuyers be used as a downpayment. That has now been retracted, and the letter removed from the HUD site. Yet Yesterday, HUD Secretary Donovan said that many states already were [...]
**Update May 14, 2009, please see my update that HUD has retracted its statement and that this may NOT be the case everywhere.** The Secretary of the U.S. Department of Housing and Urban Development announced at the National Association of Realtors summit today that the FHA is going to allow lenders to let First Time [...]
The New York Times writer Ron Lieber wrote an article that was published today called Maybe It's Time to Buy That First House . Ron writes the Your Money section of the NYTimes online. He knows his stuff! Listen, we know that housing rates have been declining. There is no question. But are you waiting for the bottom [...]