October 29th 2009
We have just received word that the Senate has voted to approve a bill this week that would extend the $8,000 tax credit through June of 2010. The “Dodd-Lieberman-Isakson” amendment would also extend the credit to NON FIRST TIME buyers as well. The non first timers will get $6,500 but still that is nothing to sneeze at. I will send out more information as it becomes available. Continue Reading »
October 24th 2009
You may remember that one of my last updates was about FHA and the new condo project approval process. Well here is a little bit of good news. While we still do not know how this new process will be implemented, we now know that it won’t be implemented until December 7th, 2009. This means that if you are a condo buyer, you have an extra 5 weeks to get under contract and get an FHA case number assigned. Continue Reading »
October 10th 2009
OK Maybe I am being a little dramatic but the new rules on FHA condo appraisals are going in to affect on November 1 and it may cause you some trouble if you don’t understand how they affect your purchase. If you are trying to buy a condo with an FHA loan, you need to be aware of the rule changes that will affect how condos are approved for FHA Financing. Here is a quick rundown of the specifics: Continue Reading »