Elaine Edwards's Blog (2)
Treasury to Encourage Short Sales By Kate Berry
September 9, 2009
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The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for the Obama administration's loan-modification program.
In a short sale, a home is sold for less than is owed on the mortgage, whose holder accepts a discounted payoff. It is often considered less costly than a foreclosure.
Under the Treasury plan, which is… Continue
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The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for the Obama administration's loan-modification program.
In a short sale, a home is sold for less than is owed on the mortgage, whose holder accepts a discounted payoff. It is often considered less costly than a foreclosure.
Under the Treasury plan, which is… Continue
Added by Elaine Edwards on November 7, 2009 at 3:03pm — No Comments
Agents pleas help get the tax credit approved!!!! Please Read new bulletin out today!!! NAR needs your help
Dear Arizona REALTOR:
The U.S. Senate will be voting on an amendment this week that would extend the first-time homebuyer tax credit.
NAR is supporting the Dodd-Lieberman-Isakson amendment because this amendment will:
--Provide the $8,000 tax credit to any buyer (not just first time)
--Set income limits at $150,000/$300,000 for single/married buyers
--Make the credit available until June 30, 2010
NAR's Legislative talking points on the… Continue
The U.S. Senate will be voting on an amendment this week that would extend the first-time homebuyer tax credit.
NAR is supporting the Dodd-Lieberman-Isakson amendment because this amendment will:
--Provide the $8,000 tax credit to any buyer (not just first time)
--Set income limits at $150,000/$300,000 for single/married buyers
--Make the credit available until June 30, 2010
NAR's Legislative talking points on the… Continue
Added by Elaine Edwards on October 28, 2009 at 7:17am — No Comments
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