About Mobile County, AL

Once it passed the Senate and the House there was really no doubt, but I am really excited about the new version of this bill. We have had a lot of first time home buyers that have been very excited to close on a house and be eligible an $8000 tax credit. We have had a few that were getting very worried because for one reason or another it didn't look like they would find a house and be able to close by the end of November.

Now they have until the end of April to get into a contract. It's not a lot of time to waste, but it's enough time to make wise decision. Plus now if someone wants new construction that is an option, since they have until the end of June to close.

I really like the part of the new bill that allows buyers that have owned a house to get a tax credit of up to $6500 if they buy a new home. I really don't know why that couldn't have applied to all owner-occupant buyers, but at least there is one other group eligible..

The income limits have now been increase also, from $75,000 to $125,000 for a single person and $250,000 for a married couple. One of my doctors is young and has never owned any real estate. He's renting right now, but he did not qualify under the old plan. Maybe he will qualify now.

For additional information I posted the information and changes on my website.

We are waiting for The President to sign this legislation. The following provisions will be included:

• Eligible buyers now will have until April 30th of 2010 to sign a contract to buy a home.
• First time buyers will still be eligible for a rebate up to $8000 (10% of price of home).
• Current home owners who have owned their principal residence at least 5 years will now be eligible.
• Current home owners will be eligible for a rebate of up to $6500.
• Income limits are increased to maximum of $125,000 or $225,000 for married couples.
• Maximum home value is $800,000.

So now everyone can benefit except those poor souls who have owned their home less than 5 years. Why was this group left out? I don't have a clue. The rest can now get their stimulus money. I like seeing stimulus applied to the average family. Let it trickle up. The banks, car manufacturers and big insurance companies have enough of our tax money already.

Our company has several agents who have experience assisting sellers who were facing foreclosure. They have helped sellers stay in their homes longer and/or they have been successful in working with the seller's bank or mortgage company to sell the property before it was foreclosed on.

The following agents have also taken our Short Sale class. Seller's that are facing foreclosure may have better options. These agents can represent a seller in a short sale situation.

Email: Doug Martin

Email: Becca Fields or visit her website

Email: Debra Williams

Email: Sarah Pugh

Email: Katie Baluyut or visit her website

Email: Libby Davis or visit her website

Email: Julie Martin or visit her website

So you want to know where your toddler is at all times? Just place this GPS device in his pocket and you will get a signal to your smart phone. It can also be placed in an older child's back pack before school. In fact, when you use your imagination, you can think of ways to track your spouse; Like if he wanders into a local pub instead of coming straight home. LOL The down side to this device is that if the person being tracked is aware of the device, it is quite easy to fool the system. Your school child could stash the device in the locker and skip school undetected. Your spouse could leave the device in his car and ride with a friend. Nothings perfect.

No word yet on an extension of the $8000 First Time Home Buyer tax credit. Unless Congress acts, the current credit will expire December 1st. So you must CLOSE no later than November 30th to qualify. Most experts tell me that we will get an extension in some form or other. It may even be better. Remember the sad folks who hurried to get closed before the old one expired only to discover that the current one did not require a pay back if the home is lived in for at least three years. I will keep everyone informed as soon as I know something to hang your hat on.