Month: May 2009

First Time Home Buyer Credit

Here are a few links that may be helpful. http://www.irs.gov/newsroom/article/0,,id=206293,00.html http://www.federalhousingtaxcredit.com/2009/faq.php Questions? Call 813-671-6657 or info@tampa4u.com

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Second Loan Plan to Help Florida

The Obama administration’s move to help troubled homeowners modify second mortgages could have a broad reach in Florida, where foreclosure levels are some of the highest nationwide. Under the new plan, the Treasury Department will offer cash incentives and subsidies to lenders who agree to substantially reduce the monthly payments on second mortgages or forgive those loans entirely. The program…

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Another Possible Mortgage Bankruptcy

Thornburg Mortgage Inc. a large and troubled provider of jumbo mortgage loans, said it may file for Chapter 11 bankruptcy protection. The Santa Fe, New Mexico-based company has struggled with problems since approximately the summer of 2007, when the value of mortgages on its balance sheet began to fall. Thornburg later suffered a series of calls from its own creditors….

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Home Sales Hit a Record Low

Pending home sales sank to a record low in January, according to a report released Tuesday by the National Association of Realtors. The Pending Home Sales Index, measures the number of sales contracts signed each month, fell 7.7% to 80.4 from a downwardly revised reading of 87.1 in December. That’s the lowest level since tracking began in 2001! A consensus…

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