Use tax credit as down pmt - Fed help for short sales - Same day loan approvals and 30-day closes

Using the tax credit as a down payment may shortly be an option. This could potentially be even bigger than the now extinct down payment assistance programs! Read more. /// Same day mortgage approvals (subject to verifications) and 30-day closes are now available to serve you better! /// Note the Dec 1 deadline for the completion date of sales involving the $8K tax credit! /// Make it a good week folks! - Paul

Treasury's offers for loan modifications and short sales (Update)
The U.S. Treasury, seeking to strengthen government anti-foreclosure programs, will provide new incentives for lenders to modify mortgages where home-price declines are most severe or to pursue short sales. Read more. For loan modification assistance go here.

Time limitation alert for tax credit
The $8,000 tax credit is available to first-time buyers (defined as persons who have not owned a home for the last 3 years) who purchase a home before December 1 of this year. Note that the date when the home buyers take occupancy of the house is considered the purchase date, not when the sales contract is signed! Read more