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Fannie goes to 620 - Home buyer tax credits extended and improved - Big funnel building

11-07-09
Paul Luykx
Paul Luykx: Loan Officer in Jersey City, NJ
Home buyer tax credits have been extended and improved! Up to $8,000 for qualified first-time home buyers purchasing a principal residence is available. And up to $6,500 for qualified repeat home buyers. Details. Make it a good week folks! - Paul
What will your business look like in 12 months from now?
The Home Buyers Scouting Report, the ultimate funnel building, and contact conversion solution - is off to a flying start. If you missed it last week, go to my blog to read up and go for a test drive! Note that it is also my program to refer clients to you!

Minimum Fannie Fico to 620
The minimum Fico for Fannie Mae loans is going up to 620 effective December 12th. Read more. Note that as of today my minimum FHA Fico's for a purchase still start at 560!

What the Fed's latest move means for mortgages
The Federal Reserve may be keeping interest rates intact at near 0%, but consumers planning to buy a home or refinance one in the following months may want to take note: The end of record-low mortgage rates appears to be a step closer. Read more. Freddie Mac rate surveys.
Available
- Direct lender for FHA, Fannie, Freddy, VA, USDA, Jumbo, other loans
- Same day loan decision
- 30-day closes (45-days for FHA)
- FHA loans down to 560 Fico
- 50-70% LTV stated income loans (600-700 Fico needed)
- 90% LTV Fannie Mae condo loans
- Loans for non-residents
- Rehab and construction loans
- Non-warrantable property loans
- Reverse mortgages
- Commercial loans
Contact me for excellent service!

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"Ignorance is a voluntary misfortune" -
T.L. Haynes, The Royal Path of Life, 1886

New Tentative Agreement for the Homebuyer Credit Extension

11-01-09
Eddie Perez
Eddie Perez: Real Estate Agent in Hoboken, NJ

There has been a tentative agreement in the senate to moneyextend the current $8,000 tax credit for first-time home buyers. In addition, there will be a new $6,500 credit offered to existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.

The new requirements are that home buyers must be under contract by April 30, 2010, and close before July 1.

How Much Would You Pay?

11-01-09
Eddie Perez
Eddie Perez: Real Estate Agent in Hoboken, NJ

Obama_Neighbor_Chicago.sflbLocation, location, location, is a big factor in determining the price of a home. But, what does that mean when the home is next door to President Barack Obama in Chicago?

A 17-room mansion located in Chicago at 5040 S. Greenwood that is next to Obama's house at 5046 South Greenwood Avenue is for sale.

If you are interested, the home’s listing can be found at 5040greenwood.com. The website reportedly got 60,000 hits in just its first week.

The current owner, Bill Grimshaw, reportedly paid $35,000 for the 103-year-old home in 1973.

Although, homes in the area usually go for $1.5 million to $2 million, the Grimshaw house, which features period details and original woodwork, will likely be sold for a much higher price.

For more valuable information please go to I Want to Buy my Home at the Bottom.

There may some hidden treasures for you located in Hoboken. Whether you are search of the perfect Hoboken condo or a lovely Victorian brownstone, please contact Eddie Perez at (201) 344-2886 or go to Hoboken Condo Expert.

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False Claims for the $8,000 Tax Credit

11-01-09
Eddie Perez
Eddie Perez: Real Estate Agent in Hoboken, NJ

You now have until the end of November to utilize the tax creditmoney available to "first-time" homebuyers who purchase a home this month.

Baltimore Sun reporter Jamie Smith Hopkins has estimated there are 19,000 people who have claimed the credit and have not bought a home. It’s amazing that there are people who are willing to commit fraud to get the $8,000 without buying a home.

It is possible there is as much as $600 million dollars worth of bogus first-time homebuyer tax-credit claims. With a total of more than 1.4 million first-time homebuyer tax-credit claims filed since late August, says the Los Angeles Times.

In addition to this, there are numerous reports of people under the age of 18 receiving the credit. There is even a case of a 4-year-old who has received the tax credit, says U.S. News & World Report.

For more great information go to First Time Home Buyers Are Leading The Way.

There still may be enough time for you to qualify for the $8,000 tax credit For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City. He can be reached at eddie@InvestHoboken.com or 201-344-2886.

Jersey City, NJ, 07302 - For Sale By Owner

Jane Peterson: Real Estate - Other in Kapolei, HI

Exquisite one bedroom luxury condo located within yards of new Grove Street Path entrance. The condo features an open contemporary layout with a southern exposure and panoramic views. The kitchen has all stainless steel appliances, exquisite marble flooring and granite countertops. The master bath features Botticino marble tiling. Oak hardwood flooring is throughout the main living area with a carpeted bedroom. The condo is located on the 7th floor with direct access to fabulous building amenities (see 7th floor amenities below). To directly access this property, use this shortcut: http://www.fizber.com/new-jersey-buy-condo-townhome-co-op-home-11648565.html