I just received a news update from the New York State Association of Realtors stating FHA Will allow $8000. tax credit funds to be available at the closing table to be used as a down payment. Read the article below.
Homeowners can use $8,000 tax credit as down payment
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U.S. Department of Housing and Urban Development Secretary Shaun Donovan says the Federal Housing Administration will permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. These remarks came in an address to thousands of REALTORS who gathered at The Real Estate Summit: Advancing the U.S. Economy, a special daylong session at the REALTORS Midyear Legislative Meetings & Trade Expo.
"We all want to enable FHA consumers to access the homebuyer tax credit funds when they close on their home loans so that the cash can be used as a down payment," Donovan said. According to Donovan, FHA's approved lenders will be permitted to "monetize" the tax credit through short-term bridge loans, allowing eligible homebuyers to access the funds immediately at the closing table.
Donovan also said he thinks the housing market is seeing early signs of stabilization and that the Obama administration plans to further stabilize the housing market.
"As the leading advocate for housing issues and homeownership, NAR continues to take a leadership role in promoting ideas for improving our economy by stabilizing the housing and real estate markets," said NAR President Charles McMillan. "Today we have the best of the best to begin a dialogue, develop solutions and initiate action toward real estate and economic recovery."
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by clicking on the picture you will be directed to my web site.
Appleseed Realty GMAC real estate Concetta Pepenella
718-226-7100 extention 207
240L Page Avenue Staten Island, New York 10307
How Can I Help You Buy or Sell a Home on Staten Island,NY?
FOR SELLERS
As a Realtor Since 1992, I can help you set a realistic competitive price, figure out approximate net proceeds, and handle almost all aspects of conducting the sale itself - from phone inquiries and appointments to open houses, showings and negotiations.
FOR BUYERS
I have access to the most up-to-date property listing information - the best resource for finding the right home. I will help you determine what you can afford, and assist you in finding ways to finance.
As a Realtor I can offer significant advantages in helping you find a new home or sell your existing one.
Contact me today to learn more.
Appleseed Realty GMAC real estate 718-226-7100 extention 207
Connie Pepenella - associate broker
Since 1992
http://www.pepenella.com
pepenellare@aol.com or click here to email me
Staten Island Mall in bloom - Spring Time in New Springville
Appleseed Realty GMAC real estate
Connie Pepenella 718-226-7100
For Buyers - Realtors have access to the most up-to-date property listing information - making them your best resource for finding the right home. Realtors can help you determine what you can afford, and assist you in finding ways to finance & purchase.
For Sellers - Realtors can help you set a realistic competitive price, figure out approximate net proceeds, and handle almost all aspects of conducting the sale itself - from phone inquiries and appointments open houses & showings.
What is the home buyer tax credit? The home buyer tax credit provides an $8000. tax credit to first time home buyer who purchase a principal residence between January 1, 2009 and December 1 2009.
Realtors offer significant advantages in helping you find a new home or sell your existing one. Contact me today to learn more.
Connie Pepenella Associate Broker
Appleseed Realty GMAC real estate
240 L Page Avenue Staten Island, NY 10307
718-226-7100
written with permission by New York State Association of Realtors
Get the
Facts
Current economic conditions have us all feeling a bit cautious and unsure about the future. But at times like these, its more important than ever to concentrate on making smart long-term investments ...like home ownership. In fact, home ownership has been ranked the best performing investment over the past 40 years.
Contact me today to see how I can help you "Feel at Home in NY."
Connie Pepenella Associate Broker
Appleseed Realty GMAC real estae
240L Page Avenue Staten Island, NY 10307
718-226-7100
written with permission by NYSAR
Serving Staten Island Since 1992. Member Staten Island Board of Realtors, NAR, MLS Staten Island. Residential ReSale, New Construction, my web site http://www.pepenella.com
Thank you for your interest and learning more about my real estate services. My name is Connie Pepenella Broker Associate here at Remax Metro on Staten Island, New York. I specialize in selling homes on Staten Island since 1992 and can also help you find a realtor if you are relocating out of state . We can offer you what no other agency can when looking for a new home check out my web site http://www.pepenella.com a user friendly web site.
Use this section to write about your specific areas of expertise. Do you specialize in first time buyers - listing high end homes - etc. Are there specific market area's that you specialize in? The more you write about your area's of expertise the more knowledgeable you'll sound to a potential buyer or seller.
Nikki M. writes... Hey Connie...I wanted to tell you that you did a excellent job with photos today... Because of your wonderful photo shots, as you know we already got someone looking tomorrow... Thanks so much...
Armond writes.....
No phase of selling a home is an exact science. However, when it comes to initiating a deal & nurturing that deal to a successful conclusion, I could not have been happier or more gratified than the execution of same by Connie, Pepenella Real Estate...............I would recommend Connie & her trained staff with anyones real estate needs on Staten Island or beyond. Thank you Connie for helping me move on with my life!
Carole writes....
Your professionalism and compassion were boundless. I am going to recommend you highly to all my friends and family~ Home Buyer
Florence writes....
I want you to know I am grateful for all you have done for me in selling my home and finding my present home. You have been with me all thru the process of selling and finding my new home.
J.,Morales.....
Allow me to take this time to thank you for your time and efforts in our recent meeting. It was indeed both a pleasure and a convenience to work with someone as professional as you. I know that in business, time does not always allow us to be helpful, courteous and honest, and with that in mind, I sincerely thank you for your manor and availability.
Alfred Crettella writes....
I was more then satisfied with the final purchase price as well as the financing arrangements. I very much appreciate the extensive time and energy that you obviously made on my behalf. Alfred Cretella
Tilde from Idaho.......
It is a very nice and easy site!
Rose from Brooklyn....
Connie, This is a wonderful web site, I will email it to everyone that I know. Congratulations
Fred from Staten Island writes ....
I was recommended by a friend to Pepenella Realty. I was professionally greeted at my residence by Connie who quickly showed me how to make thousands more selling my home than I could have on my own. The service was top notch. Several months after doing business with Pep Reality we are still good friends and, Connie brightened up my day.
Neil from Brooklyn
I like the newsletter and the flyer on 350 St. Marks Place. Very professional
Andrea from Staten Island writes....
Hey Connie, just wanted to thank you again for all your help finding my new home. You have been more than an agent, you have been a true friend. Good luck in all you do! Andrea
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