I just sold a nice 2 bedroom and 2 bathroom condo in Newark in a nice community. This was another very smooth transaction. One item I did learn in this transaction that seems to be a new guideline as of October, is that if one borrower is going to owner occupy the home and there is [...]
Entries from November 17th, 2009
The Loan Guidelines Keep Changing!
November 17th, 2009 · 5,088 Comments · FHA loan, buying a home, first time buyer, homebuyer, real estate
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$8000 Tax Credit For First Time Homebuyers Extended and Income Limits are Higher!
November 6th, 2009 · 5,511 Comments · buying a home, first time buyer, homebuyer, real estate, tax credit
President Obama signed the federal tax credit into law. It is expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. The legislation is [...]
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An Interesting Foreclosure Story with a Happy Ending
November 5th, 2009 · 6,148 Comments · buying a home, first time buyer, foreclosure, homebuyer, real estate
This home was another fairly smooth transaction with a very sweet couple buying their first home. Although, there are a couple of interesting things about this transaction. This home was a foreclosure. The buyers competed for this home in a multiple offer situation and got it. During inspections, we did come to find out that the previous [...]
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