Real Estate News "At a Glance"

With so much current News available in the Real Estate Industry, here is a recap "At A Glance" summary with links to websites for you to gather more information about each subject.

CLICK HERE TO READ

The American Recovery and Reinvestment Act of 2009 that was recently signed by President Obama.

The Homeowner Affordability and Stability Plan includes four key elements:

1. refinancing help for four to five million homeowners who receive their mortgages through Fannie Mae or Freddie Mac
2. new incentives for lenders to modify the terms of sub-prime loans at risk of default and foreclosure
3. steps to keep mortgage rates low for millions of middle class families looking to secure new mortgages
4. additional reforms designed to help families stay in their homes

CLICK HERE TO READ THE FACT SHEET published by the White House about this plan

THE FORECLOSURE PREVENTION

1.) Help for home owners making their payments but at risk of default and foreclosure.

2.) Help for home owners already in default and in need of loan modification.

3.) Doubled resources to Fannie Mae and Freddie Mac.

CLICK HERE TO READ THE ARTICLE IN REALTOR MAGAZINE

$8,000 Home Buyer Tax Credit at a Glance

• The tax credit is for first-time home buyers only.
• The tax credit does not have to be repaid.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

CLICK HERE FOR COMPLETE DETAILS ABOUT THIS NEW PROGRAM FOR FIRST TIME HOMEBUYERS

About the Author

Debbie Hutchins a Certified Residential Specialist has been a licensed Realtor since 1987. Serving the Greater Birmingham Area and specializing in Shelby County Debbie is available to assist you with your real estate needs. We hope you have enjoyed reading and hope you will come back! You may also subscribe to "debs doodles" and have it delivered to your email! And as always, you are welcome to search the MLS through Debbies Re/Max website.

All data contained within is deemed correct however, RE/MAX First Choice and/or its Sales Associates are not responsible for errors and/or omissions. Prices are subject to change without notice.