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Stephen Luckett

Home Buyer Tax Credit or No Money down purchase!

As most have probably already heard: The First Time Home Buyer Tax Credit of $8000 has been extended until April 2010! Did you also hear that an addition was made to the progam to include current homeowners to receive a $6500 tax credit when purchasing a new home?! Get ready to claim your bailout money----check the table below for the new credits.

Feature

December 1 - April 30, 2010 Rules

As Enacted November 2009

First-time Buyer - Amount of Credit

$8,000

First-time Buyer Definition for Eligibility

May not have had an interest in a principal residence for 3 years prior to purchase

Current Homeowner - Amount of Credit

$6,500

Effective Date - Current Owner

December 1, 2009

Current Homeowner Definition of Eligibility

Must have used the home sold or being sold as principal residence consecutively for

5 of the 8 previous years

Termination of Credit

Contract date on or before April 30, 2010 and

Settlement before July 1, 2010

Binding Contract Rule

So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close

Income Limits

$125,000 - Single

$250,000 - Married

Additional $20,000 phase out

Limitation on Cost of Purchased Home

$800,000

Purchase by a Dependent

Ineligible

Anti-Fraud Rule

Purchaser must attach documentation of purchase to tax return

How would you like to take advantage of the new tax credit by purchasing a new home and not have to put ANY money out of pocket? Are you a veteran of the US Military? Are you active duty getting transferred due to BRAC, but want to set your roots for your family? Check out the Home Loan qualifications to see if you are eligible for a 100% VA loan.

Utilizing this program and asking the seller to pay your closing costs could get you in a new home valued up to $417,000. Of course you must currently qualify for the new loan, but you get your new home with no money down, closing costs paid, and get a check back from the Government for $6500 or $8000!

Contact a lender of your choice-or if you don't know a good lender, give me a call-and you could start the ball rolling to get in your new home by the end of the year!

Growing Gray Manor Dundalk Association

Gray Manor and Northshire Community Association is growing and becoming a stronger advocate for citizens in the communities. Last nights monthly meeting showed a great turnout of concerned citizens for what is happening, or should happen, within the Communities.

Officer Shipley's community crime report show detailed our low crime statistics, while explaining that what crimes were committed were mostly minor infractions and misdemeanors. This is one of the great benefits of living in these communities.

Ideas exchanged last evening with the board to aid in Community cleanup, traffic control, safety concerns and the general welfare of the citizenry were discussed. Two new committees were formed to investigate and discuss opportunities for traffic control/slowing devices and One-Way streets.

The Traffic control commitee will be headed by Board Treasurer, Stephen Luckett. This committee will look into possibilities of speed humps, limiters, slowing devices and new traffic signals at currently dangerous intersections like Trappe Rd and Page Dr. The amount of School traffic on Trappe Rd along with the amount of vehicles disobeying speed laws has made Trappe at Page Dr a very serious concern.

The One-Way streets committee will be headed by Board President, Linda Gossman. This commitee will work with the County on their street direction proposals and what would work best within our communities. Over the course of the last year, this has been a heated topic of debate, but the Board has committed to address this issue for the safety of our residents and their children.

If you are a resident of the Gray Manor or Northshire Communities, please join us for our next monthly meeting on Tuesday November 10th 2009. We meet the second Tuesday of each month (except July and December) at 6:30PM at the Gray Manor Luthern Church 212 Oakwood Rd Dundalk, MD 21222. You can check out new information, upcoming meeting, or ways you can help at our website www.graymanor.org.

****SPECIAL NHCA: DEMOCRACY IN ACTION PUBLIC FORUM MEETING****

Want to hear about the happenings of Baltimore County-in particular the Dundalk area, straight from those making decisions?

Join us at a special public forum-Democracy in Action-sponsored by the Norwood Holabird Community Association on Monday September 21, 2009 at 7:00pm. The meeting will be held at the Ateaze Senior Center 7401 Holabird Ave Dundalk 21222.

Scheduled for attendance are:

HONORABLE SENATOR NORMAN R. STONE, JR.,

HONORABLE JOSEPH J. (SONNY) MINNICK,

HONORABLE JOHN A. OLSZEWSKI, JR.,

HONORABLE MICHAEL H. WEIR JR.,

*Honorable Councilman John Olszewski, Sr.

*the councilman was invited but will not be in attendance due to official council session in Towson, but will be represented by a legislative member of his staff who will be in attendance

For more information: http://www.nhca.info/

or visit Gray Manor & Northshire Community Association website

Stephen Luckett
LuckNet Real Estate Group

443-384-6000 office 443-912-4866 cell

Happy New Grandparents!

One of the things that I love about the real estate business is the opportunity to adjust ones schedule to meet the needs of the family!

With 10 children in our blended family, it is important to have TIME to focus on the important things in life! And of course one of the most important is the addition of our 4th Grandchild!

Aiden Christopher was born Wednesday July 22 at 6:34 pm. He weighed 7 lb 7 oz and was 19.5 in long.

The picture was taken when he was just 10 minutes old!

I had to make many schedule adjustments when we headed for the hospital Weds morning, but of course my clients were all very happy to adjust to this great event.

Of course this meant an extremely busy day on Thursday and friday to catch up the re-scheduled appointments as well as maintain the appointments I had already scheduled. Happily, all is getting done and my clients are still happy to be working with a strong, christian, family oriented Realtor.

I guess you know where my off-time will be spent-at least until he starts to walk and talk!

Stephen Luckett
LuckNet Real Estate Group
Execuhome Realty
443-384-6000 Office
443-912-4866 cell

New name, same great group in Dundalk!

Progress must happen in everything! So it is with the Gray Manor Community and business group. Our Fiscal year begins June 1 and with it comes a new name and new organization. Our new name is:

Gray Manor and Northshire Community Association

The name change also brings with it new growth as we have added the Northshire Community to the regular meetings.

If you live in either area or are looking to move into either area of this great community, check out the website for more information. This is a strong, sought after community and we have brought together this group of concerned citizens to make sure that every resident has a voice to what is happening or should happen within the community.

I invite you to visit our monthly meeting, the 2nd Tuesday of the month at 6:30pm at 212 Oakwood Rd, in Gray Manor.

If you are thinking about buying or selling a house in the Gray Manor or Northshire areas, feel free to contact me. Not only will you have a Realtor that is very knowledgable of the Community but one who lives and serves the community as well!

Be sure to check out our Annual Community Yard Sale on May 16, 2009

Stephen Luckett
LuckNet Real Estate Group

443-384-6000 office 443-912-4866 cell