Posts Categorized: Financial Considerations

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Home Buyer Tax Credit News!

While the passing of this credit is still to come,according to the Wall Street Journal,  the Senate  reached a compromise on extending and expanding the $8,000 tax credit for first-time home buyers.  The terms of the new agreement are as follows: Extend the first time buyer credit worth up to $8k (read about the current program) Offer a new… Read more

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First Time Homebuyer Tax Credit Applies to Duplexes and Two Flats!

Did you know that?   We didn’t. After searching a multitude of sites including the official FHA, IRS and first time home buyer tax credit sites and making several calls we still didnt have an answer.  Finally, I found official documentation on the IRS page.  It wasn’t located under guidelines, or even frequently asked questions but it was under… Read more

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What Happens During a Real Estate Closing?

Did you ever wonder what happens at closing in a real estate deal?  Many think of it as a time where a bunch of documents are signed.  What does the signing of the documents actually accomplish? Officially, a closing is the culmination of the entire real estate transaction and here is what happens: Documents that tranfer… Read more

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Buying And Selling Houses On The Stock Exchange

As of last Tuesday there is a way to trade houses just like you would stocks – sort of. A company called MacroMarkets has created two instruments that allow people to take positions that bet on the price of houses going up or down in 10 markets that comprise the Case Shiller 10 City Composite… Read more

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New HUD Guidelines Lift Ban on “Right of First Refusal”

The U.S. Department of Housing and Urban Development (HUD) issued a release which outlines upcoming changes designed to streamline the approval process for FHA financing for condominium projects. Most notably, there is a provision stating, “Right of first refusal is permitted unless it violates discriminatory conduct under the Fair Housing Act regulation in 24 CFR… Read more