Christian Realty San Antonio is hosting a free seminar for sellers and buyers on Saturday, July 18th, 2009, from 11 am to 1 pm at Buffalo’s Southwest Case, Bandera Road @ Loop 1604.
This seminar is for buyers and sellers who have questions about the process to buy or sell a residential property. Many have never done so before and have many questions. This is a great opportunity to get some answers to questions before taking the plunge.
This is also a good forum for t... Read Full Story
The Texas Department of Housing and Community Affairs (TDHCA) has begun a short-term, interest free loan program in conjunction with the Federal $8,000 Tax Credit to assist first-time home buyers. This opportunity will expire when the Tax Credit does December 1, 2009. Texas is one of 13 states to have such a program to assist first-time home buyers.
This short-term loan, some might call it a bridge loan, is designed to assist a first-time home buyers with down payment or closing... Read Full Story
Today there are many programs available to assist folks to either stay in their home or buy a new one. The following is a short list of programs which may work for some who are having trouble with their mortgage payment or want to buy a new home.
First-time Home Buyer Tax Credit
This is the $8,000 tax-credit program for folks who are first-time home buyers (i.e., you have not owned a home in 3 years of longer). www.federalhousingtaxcredit.com
Homeownership Incentive ... Read Full Story
Ten Cities Where Americans Are Relocating
by: Lauren Sherman *
U.S. migration may be down overall, but these vibrant metro areas are still attracting newcomers.
Unemployment is on the rise, credit is tight, and consumers aren’t spending–which means they aren’t picking up and moving much either. Very few places in America saw significant population growth in 2008.
Despite the overall economic slowdown, some parts of the country keep on moving... Read Full Story
With all the turbulence in the real estate industry folks are standing on the sidelines waiting for things to settle down. Do not just wait—be proactive. You need to make sure you look great to a lender when you apply for a mortgage.
Many folks are slowing or stopping the plastic at the stores. This is good. Plastic must only be used for an emergency or a necessity. Reducing your use of credit cards will eventually help your credit score by showing you have less debt to... Read Full Story
The following is shared with you from the National Association of REALTORS.
Bringing the Dream of Home Ownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.
Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.
Who Qua... Read Full Story
The US Attorney General (AG) has released numbers (and some names) on mortgage assistance fraud schemes. These types of fraud are up 400% from five years ago.
According to the AG, the Federal Buearu of Investigation (FBI) has 2,100 mortgage fraud cases under investigation. These usually involve individuals contacting home owners and offering assistance with their mortgage…for an up front fee of $1,000 to $3,000. These are presented as “loan modifications” and a... Read Full Story
Great news again for the real estate market. Interest rates havefallen for the second consecutive week. This means you can buy a home for less than previous weeks…or months…or even years!!
For those who are considering taking advantage of the glut of homes on the market, this may be your time to make a move. Take a hard look at the home prices in your area and your financial status. We know the interest rates fluctuate in cycles at times lasting for many months or ... Read Full Story
Now may be the best opportunity for home ownership for some in their lifetime. This is not a sales pitch. This is a statement of fact. The housing market meltdown has a silver lining for some.
There are a number of segments of buyers who may very well benefit from the current housing situation. While this is not good news for those who are upside down on their mortgage, for those who are in need of housing there is a small window of opportunity.
The buyback by the Federa... Read Full Story
Here is some basic information on the stimulus for the first time home buyer program
Does not have to be repaid unless the home is sold within three years.
Applies only to first-time homebuyers, defined as those who have not owned a home within the previous three tax years. This means in the case of a married couple, either spouse cannot have owned a home.
Available only for homes purchased between Jan. 1, 2009, and Dec. 1, 2009. Restricted by in... Read Full Story
