Foreclosure News
Fast fixes for foreclosed homes
May 18, 2010 by David Patterson · Leave a Comment
Fast fixes for foreclosed homes (ARA) – The high volume of foreclosed homes on the market is allowing some astute buyers to turn eyesores into eye-catching properties with only minimal investment. While not every property can be fixed up affordably, there are some common projects that dramatically improve a foreclosed home’s appeal and value. “Many [...]
Now the deadline passed how do I claim the tax credit?
May 10, 2010 by David Patterson · Leave a Comment
How do I claim the tax credit? Do I need to complete a form or application? Are there documentation requirements? You claim the tax credit on your federal income tax return. Specifically, home buyers should complete IRS Form 5405 to determine their tax credit amount, and then claim this amount on line 67 of the [...]
Fannie Mae Extends 3.5 Percent Seller Assistance on its Real Estate Owned Properties
May 4, 2010 by David Patterson · Leave a Comment
WASHINGTON, DC — Fannie Mae (FNM/NYSE) today announced the extension of its seller assistance incentive on all Fannie Mae-owned HomePath properties. Buyers will receive 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of selected appliances. The offer is available to any owner-occupant who closes on the [...]
Ten Important Facts about the Extended First-Time Homebuyer Credit
April 30, 2010 by David Patterson · Leave a Comment
If you are in the market for a new home, you may still be able to claim the First-Time Homebuyer Credit. Congress recently passed The Worker, Homeownership and Business Assistance Act Of 2009, extending the First-Time Homebuyer Credit and expanding who qualifies. Here are the top 10 things the IRS wants you to know about [...]
HARP Gets One-Year Extension
March 1, 2010 by David Patterson · Leave a Comment
Federal Housing Finance Agency (FHFA) acting director Ed DeMarco today announced the extension of the Home Affordable Refinance Program, (HARP) for an extra 12 months, until June 30, 2011. HARP, administered by Fannie Mae (FNM: 0.99 0.00%) and Freddie Mac (FRE: 1.16 -1.69%), is the refinance branch of the administration’s Making Home Affordable Program announced [...]
Phoenix Lender Owned Condo reduced $20,000
February 24, 2010 by David Patterson · Leave a Comment
HUGE Price Reduction – TURN KEY won’t last at this price. Don’t forget about the Fannie Mae incentives, up to 3.5% credit for closing costs or appliances !! This clean lender owned town-home is located in a great central location and available for your immediate purchase! No waiting for approvals. Town-home is in near turnkey [...]
What is the $8,000 First-Time Homebuyer Tax Credit?
October 15, 2009 by David Patterson · Leave a Comment
Are you looking to buy a foreclosure, REO, short sale or resale home in Anthem, Cave Creek, or Carefree in the near future? Now is the time to buy real estate in Arizona as prices have finally bottomed out according to the Arizona Republic. Did you know that if you’re a first-time homebuyer this year, you can [...]
