Legislation introduced in Congress Wednesday would expand the tax credit now limited to first-time homebuyers to any purchaser of a home and increase the maximum available to $15,000.
The tax credit passed earlier this year is limited to $8,000 and has income caps.
U.S. Sen. Johnny Isakson, a Georgia Republican, introduced the legislation, and Senate Banking Committee Chair Christopher Dodd, a Connecticut Democrat, quickly stepped up to co-sponsor.
The National Association of REALTORS® and the National Association of Home Builders have said they would like to see the tax credit improved.
Source: The Wall Street Journal, Jessica Holzer (06/10/2009)
Friday, June 12, 2009
Monday, May 11, 2009
Where to Get Foreclosure Help
With all the dubious assistance programs and out-right scams preying on home owners facing foreclosure, it can be difficult to find legitimate help.
Here’s a list of programs that are either operated by the U.S. government or have its seal of approval:
To find a counselor, contact the U.S. Department of Housing and Urban Development (HUD) at (800) 569-4287 or (877) 483-1515, or go to www.hud.gov/offices/hsg/sfh/hcc/hccprof14.cfm
Call (888) 995-HOPE, the Homeowner’s HOPE Hotline to reach a nonprofit, HUD-approved counselor through HOPE NOW, a cooperative effort of mortgage counselors and lenders to assist homeowners.
Visit NeighborWorks America’s Web site at www.nw.org/network/home.asp
Go to this Web site for information on federal mortgage modification and refinancing programs: http://www.makinghomeaffordable.gov/
The Controller of the Currency’s consumer information site for banking-related questions is http://www.helpwithmybank.gov/
OCC Customer Assistance Group and consumer assistance site: www.occ.gov/customer.htm
Federal Trade Commission: www.ftc.gov/bcp/edu/pubs/consumer/homes/rea04.shtm
Federal Reserve Board: www.federalreserve.gov/pubs/foreclosurescamtips/default.htm
NeighborWorks America: http://www.nw.org/
HOPE NOW: http://www.hopenow.com/
For additional information - E-mail Tony Wilson at: tonywilson@callcarpenter.comhttp://www.wilsonrealtors.net/
See Today's Interest Rates! Refinance! Click Here!
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