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Mark your calendars, “Cash For Clunkers” is coming to a real estate community near you! That’s right, our Federal Government has fired-up the printing presses and has made $300M available (under the American Recovery and Reinvestment Act of 2009) for a new program designed to invigorate the real estate market.
Since this is the Tallahassee Real [...]
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Eight Thousand Dollars ($8,000) is a compelling enough reason for many to take advantage of the final days of the First Time Home Buyer Federal Income Tax Credit. But time is running out, as anybody who wishes to benefit from this program must close on the purchase of a property before December 1, 2009.
For all [...]
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Leon County distributed a news release a few days ago that could provide for some relief for people in parts of Leon County who have fallen behind on their mortgage payments. It’s part of a $1.5M grant from the State of Florida’s Impact Fee Proviso Program, which was awarded to Leon County Health and Human [...]
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The biggest challenge for most home buyers is coming up with the cash needed to make a down payment. The monthly payment is not usually the challenge, as that payment is no greater than a rent payment would be for a similar property. With this in mind, the Federal Housing Administration made a big decision and an announcement yesterday that will give first time home buyers some real help.
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Today’s post in the Tallahassee Real Estate Blog is a one-stop resource for the First Time Homebuyers Tax Credit. You will be able to understand the basic program by reading this, and you can also download several fact-filled documents on the tax credit.
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In case you did not hear the good news, the American Recovery And Reinvestment Act of 2009 (which President Obama signed into law last week) included significant improvements to the temporary First-Time Homebuyer Tax Credit. While many might view this as a great benefit aimed only at the first-time homebuyer, the reality is that it [...]
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For those who have been watching, the Obama Stimulus Plan seems to be moving forward for him to sign it into law now. While I am no expert on the subject, it appears to contain roughly 286 billion dollars in tax cuts and 54 billion dollars for cash-strapped states, the package contains 311billion dollars in [...]
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We have finally received news from the Federal Housing Finance Agency (FHFA) on what their plans are for reducing “preventable foreclosures” in the coming year. James Lockhart, the FHFA Director issued the statement yesterday with a preamble that stated “I do not like interfering with your Veterans Day, but as you all know there is [...]
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It’s not everyday that you come across a video on the internet and see a college classmate from over 20 years ago. But that is exactly what happened to me this past week. Dave McCormick (my West Point classmate from 1987) is the Treasury Under Secretary for International Affairs and he was featured on CNBC [...]
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I have been scouring the internet reading as much as I can absorb about the changes that are occurring in the real estate market. Much of the talk lately has been about the $700B Bailout of the U.S. financial markets, but I would urge readers to understand the difference between “Outside Influencers” of the real [...]
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