About Sandoval County, NM

Did you know that there is a Rio Rancho Homebuyer Tax Credit program? It's similar to the Federal $8,000 First-time Homebuyer Tax Credit.

The program is actually called the Home Down Payment and Closing Cost Assistance Program and is a grant (no repayment), and is administered through the U.S. Department of Housing and Urban Development (HUD) in conjunction with the City of Rio Rancho.

Who is Eliglble?

• Anyone who has not owned a home in the last three years.
• Annual household income cannot exceed 80% of the Median Family Income for Rio Rancho-$33,300 for one person, $38,100 for two people, $42,850 for three people.
• The home must be within the city limits of Rio Rancho.
• The property can be a single family home, townhome, condo or new manufactured home on a permanent foundation.

How Much Money is Available?

• Up to $5,000
• Purchase price cannot exceed $271,050 (FHA loan limit)
• There is zero interest

Repayment

• There is no repayment unless you payoff, sell, lease or refinance within the first 5 years.

For more information and more exact details on the Rio Rancho Homebuyer Tax Credit visit http://www.ci.rio-rancho.nm.us/index.aspx?NID=1217

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If you are considering buying or selling a home in Rio Rancho, Albuquerque or Los Lunas, you need local expertise and advice provided by a successful full-time Albuquerque Realtor.

Rich Cederberg has been helping people buy and sell homes for five years and has the experience you need. Contact him today by calling (505) 400-5994.

Loan Modification Attorney Sandoval County, NM (New Mexico)

Author:

C Thompson

Loss Mitigation Case Manager

407-219-8739

Toll Free: 1-(877)-646-4331

This blog is to inform those of you in Sandoval County, NM who are looking for guidance when searching for a legit loan modification third party negotiator. So many homeowners are being taken advantage of or being ripped of by companies who portray themselves to be something they're not. The fact of the matter is that 75% of loan modification companies are either scam artists or inexperienced and misleading. Your best bet is to stay clear of these so called "loan modification companies" or "attorney-based loan modification companies" and seek help from a licensed Attorney.

Even finding an Attorney who is affordable and have some sort of money back guarantee can be a task in itself. Aside from that, it's important the Attorney you choose has relationships with with lenders and are experienced in negotiating with them. Your Attorney also has to be familiar with your state's laws, regulations, and guidelines that pertain to your rights as a homeowner. Most banks lend money on a national basis. If you are looking for a Loan Modification Attorney in Sandoval County, NM (New Mexico), you can rest assure your search is not limited to just Sandoval County. Reportedly, as of August 1, 2009, there were 1,031 foreclosures and foreclosure filings combined in Sandoval County, NM. Compared to the nation's millions, this is a very small number. If you choose a local Attorney their contact with the lenders are minimal. To have an Attorney that can provide nationwide assistance is powerful. Most likely, if you choose an Attorney or Law Firm provides loss mitigation services on a national level, the lenders deal with them on a regular basis and are familiar with them more so then a small local Attorney. Therefore, you will end up with more favorable results.

Most distressed homeowners are in desperate need of help, and doing this sort of research is overwhelming. So what I have done is my own research on individual Attorneys to ensure they are established and reputable.

I have complied a handful of Attorneys and Law Firms who:

1. Are in good standing with the Bar Association
2. Are actual licensed Attorneys who will be representing you and negotiating for you.
3. Have proof of success
4. Have passed my legitimacy test (scam free, and researched thoroughly through reliable resources.)
5. Have reasonable fees
6. Have the clients best interest in mind
7. Are structured and organized
8. Are in compliance with federal regulations and guidelines
9. Are helping homeowners in Sandoval County, NM

As you can see this takes a lot of footwork and many hours to develop. Each Attorney or Law Firm is unique in their own way and offer different services and have variable, but affordable fees.

What I will do is discuss with you one on one about your unique situation. I will then determine your eligibility, and will decide which one of these reputable Attorney's will suit your specific needs. Once you are on board with a specific Law Firm, (which I will help you with) you and I will stay in contact throughout the entire process if you wish. I do not charge a fee to provide this information to you. I am so fed up with all of the scams. I am a Christian and feel it is my personal duty to stand up for the people and provide honest answers.

I have compiled many blogs which provide valuable information for homeowners in need of assistance. I feel consumers are entitled to ample information when making a decision that involves their most valuable asset, their home.

To view the foreclosure process for New Mexico click here.

More helpful Blogs:

How to Avoid Loan Modification / Loss Mitigation Scams

Loan Mitigation Services FAQ's

Investors Facing Foreclosure

Why won't my lender won't work with me?

www.KeepYourProperty.info

If you find this information useful, please comment. Thanks!

C Thompson

Loss Mitigation Case Manager

407-219-8739

Toll Free: 1-(877)-646-4331

Sandoval County Cities: Rio Rancho Foreclosures, Bernalillo Foreclosures, Placitas Foreclosures, Corrales Foreclosures, Algodones Foreclosures, Cochiti Lake Foreclosures, Jemez Springs Foreclosures, Ponderosa Foreclosures, Pena Blanca Foreclosures, Jemez Pueblo Foreclosures, La Jara Foreclosures, Cuba Foreclosures, San Ysidro Foreclosures, Cochiti Pueblo Foreclosures, Counselor Foreclosures, Regina Foreclosures, Santo Domingo Pueblo Foreclosures.

At last month's Village Council meeting in Corrales, NM, councillors voted unanimously to adopt a new ordinance regarding sales tax impositions on real estate sales and construction and home improvements, despite vociferous opposition from many well-known local real estate brokers.

According to an article in the Corrales Comment, the measure imposes a gross receipts tax reporting requirement meant to insure that the Village of Corrales receives sales tax revenues on homes and imporvements made in the village, rather than having such sales tax revenues be inadvertently misdirected to Albuquerque or Rio Rancho, where real estate brokers and contractors often have their offices.

The new measure calls for Village permit signs to be posted on home sales, home construction, and remodeling projects so that all sub-contractors and other parties doing business at the site will be notified that the gross receipts taxes they charge on their invoices need to be coded correctly on their CRS forms (from the Taxation and Revenue Department), so that the village receives the revenues. The permit fee will cost $35. On the motion of councillor Gerar Gagliano, the measure was amended to provide that real estate brokers offering a home for sale did not have to pay for the permit at the time of listing, but rather would have to pay the fee at the time the property actually sold. This was in recognition of the fact that, particularly in the current market, brokers might otherwise have to pay the fee only to have the home fail to sell during the course of the listing. The council refused the suggestion from local broker Peter Parnegg that that the $35 permit fee be collected by the title company at closing. Although real estate brokers turned out in force to oppose the measure, indicating their feeling that this was not what was needed now, with the state of the economy, the council heeded few of their objections or suggestions, and voted 6-0 to approve the measure.

A similar measure was enacted in recent years in the village of Los Ranchos de Albuquerque, and it was reported that the measure resulted in an additional $400,000 in revenue for that village. The village staff indicated that their research showed that Corrales had probably lost $150,000 in revenues over the past five years due to misdirected gross receipts tax on home sales, leading the council to consider the measure appropriate.

Interested in more information about Corrales? Take a virtual tour of Corrales here:

869 Purple Aster in the Centex Alegria Active Adult community in Bernalillo New Mexico has sold in 12 days! This was a stunning house with beautiful tile everywhere, plantation blinds, granite countertops, stainless steel appliances and awesome views of the Sandia Mountains and the Rio Grande Bosque. Purple Aster is located in Alegria, Centex's 55 and older gated community. Amenities in the neighborhood include a Clubhouse with an exercise room, meeting rooms, fun activities, indoor and outdoor pools and a Jacuzzi, plus miles of walking or biking trails.

Bernalillo is located next to Rio Rancho and is only 15 minutes from Albuquerque and 40 minutes from beautiful and historic Santa Fe. The New Mexico Railrunner train stop is nearby too, so you can train to Santa Fe or Albuquerque. Alegria is also located 5 minutes from Hilton's Tamaya Spa and Resort which has a great golf course and restaurant. There's even a shuttle that will pick you up at the Alegria clubhouse and take you to the Santa Ana Casino of you want to have some fun.

There is still new home construction and sales in the community, but there are a handful of resale homes too. Contact me if you're coming into town and looking for a home. I be happy to pick you up at the airport, drive you to Bernalillo and show you both new homes and resale options too. Once you see Alegria Active Adult Community I know you'll want to stay!

Sandoval County takes top place again as statistics show that the Cities of Cuba and Bernalillo had the highest percentage of growth rate from 2007 to 2008. Rio Rancho is still holding steady in 7th. This growth in smaller communities like Cuba, reflect the possibility that people are seeking a more rural lifestyle while still having close access to the metro area. The price of land in this area may also be a factor. The city of Cuba is roughly 64 miles from Rio Rancho. ABQJOURNAL RIO RANCHO: Growing Claims: Bernalillo Ranked No. 1 Search for Rio Rancho Homes for Sale