Home Buyer Tax Credit

90 Day Fix and Flip Rule

Buyer Help

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You know how fix and flipping works in a cynical world, right? Basically. . . . investors buy a craptacular house at foreclosure auction or elsewhere and do no substantive repairs. They slap a thick coat of paint on everything and install cheap new carpet, then resell it as “Remodeled!” with a seriously  jacked up [...]

1 April 2010 Read the full article →

Home Buyer Tax Credit Law Passed

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President Obama signed the Home Buyer tax credit legislation, per the reporting of the United Press International. It’s called the Worker, Homeownership, and Business Assistance Act of 2009. The San Francisco Chronicle has an excellent bullet-point breakdown of the fine print of the new law. This is a partial summary… Up to $,8000 federal tax [...]

8 November 2009 Read the full article →

Home Buyer Tax Credit Extension Is a “Go”, Here’s Why

Buyer Help

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Late yesterday the Senate passed a bill that included an extension of the Home Buyer Tax Credit. This morning, the House passed the same bill. For details of what the bill includes/excludes and ideas on whether you qualify, see our broker Jay Thompson’s PhoenixRealEstateGuy blog. Now goes to President Obama for his signature, some expect [...]

5 November 2009 Read the full article →

Senate Approves Home Buyer Tax Credit Extension

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The New York Times is just now reporting that the US Senate has just voted to extend the Home Buyer Tax Credit. There’s not much meat in the report, which was filed at 5:54pm Arizona time. It makes me wish (yet! again!) that Big Media reporters were required to state the name of the bill [...]

4 November 2009 Read the full article →

Bridge Loans Using $8,000 Homebuyer Tax Credit

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Yesterday the FHA released new guidelines designed to further stimulate the struggling housing market. The FHA (Federal Housing Administration, an arm of the federal Housing & Urban Development department) is now allowing ‘bridge loans.’ What’s A Bridge Loan? Just like a physical bridge, bridge loan financing gets you from here to there. Bridge loans are [...]

30 May 2009 Read the full article →