Panama City Beach real estate | Home Buyer Tax Credit
This week the Senate amended the Homebuyer Tax Credit:
The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit.
Extending the deadline for closing from June 30 to Sept. 30 would allow lenders more time to clear a backlog of 180,000 homebuyers nationwide, said amendment sponsor Sen. Harry Reid, D-Nev.
Panama City real estate | Rural Development update
Here’s the latest update on Rural Development funding from Kathy Hollman at Visions Bank…
Thursday night by a vote of 67 to 28, H.R. 4899 Supplemental Appropriations Act, 2010 passed in the U.S. Senate.
The legislation will now move to a conference process with members of the U.S. House and U.S. Senate. Contained in this legislation as passed in the Senate is the authority needed to raise the guarantee fee in the USDA Section 502 Guaranteed Rural Housing Program to an amount not to exceed 3.50% of the loan amount.
Panama City Real Estate | Rural Funding update
Here is a quick update to Rural funding provided by Kathy Hallmon at Vision Bank:
On April 21st, $694,119,068 of additional funding is now available for selected counties designated as disaster areas by FEMA in the country. Florida has 20 counties that have received $129,202,000. These counties are…Bay, Brevard, Collier, Dixie, Escambia, Franklin, Glades, Gulf, Hendry, Indian River, Lee, Martin, Okaloosa, Okeechobee, Palm Beach, St. Lucie, Santa Rosa, Taylor, Wakulla and Walton.
Want to know more about Rural funding?
Contact me today (850) 774-6582 for more information about this another loan programs available.
Panama City Real Estate | Claiming your First time and move up buyer Tax credit
I’ve just received information for those wanting to claim their first-time and move-up home buyer tax credit:
Credit
The Internal Revenue Service has clarified which documentation taxpayers need to submit to claim the first-time and move-up homebuyer tax credit.While the IRS is still requiring the filing of Form 5405, it is not demanding that all parties’ signatures be on the HUD-1 settlement document in areas where requiring both the buyer and the seller to sign the document isn’t common.
Panama City Real Estate | FHA Loan information
We’ve been getting quite a few calls regarding FHA loans lately. To further assist our value FHA customers, I’ve updated the home buying financial pages and have added additional FHA Loan information and FAQ.
Additional FHA information can be found on the US. Department of Housing and urban development website.
For a list of local lenders, contact me directly.
Owners, put my technology to work for you. If you are interested in selling your home or condo, contact me today (850) 774-6582 for a free no obligation Home value report.
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Panama City Real Estate Authors
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- Pine Beetles Create Destruction and Spur Creativity in ColoradoAnyone who visits Colorado is instantly taken aback by the impressive beauty of the state. Unfortunately, according to the Colorado State Forest Service, in a recent article, the state’s natural beauty is facing a very serious threat as hundreds of thousands of acres of lodgepole forests are being threatened by a mountain pine beetle (MPB) [...] […]
- FIABCI-USA Fall Business Conference “Connecting Continents”The FIABCI-USA Fall Business Conference “Connecting Continents” is coming up quickly. The 2010 gathering of local, national and international professionals is to be held in Seattle, WA, September 23-26, at the Edgewater Hotel located right on the water. Last years conference was a great success and was held in my hometown, Denver, CO. Why should [...] […]
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- FIABCI Launches International Real Estate InitiativeIn an effort to encourage communication among worldwide real estate markets, FIABCI recently launched its first international webinar. Among those participating in the webinar included leaders from the United States, the Ukraine, Russia, the United Kingdom, Italy, Mexico, Canada, France and Germany. The primary goal of this webinar was to help determine how […]
- Pine Beetles Create Destruction and Spur Creativity in Colorado
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