News Byte:
"Coulda, Woulda, Shoulda"
So long, farewell to the Home Buyer Tax Credit... but it's still a great time to buy a home... probably the best time ever! If you have a home under contract prior to April 30, 2010 then you may still be able to take advantage of the tax credit.
But if you're in the market for a home and you didn't get a chance to capitalize on the tax credit all is not lost. With property prices already low and staying relatively flat combined with truly historic low interest rates, a home buyer can capitalize on the best of both worlds. Rarely is there a time when both housing prices and interest rates are this low at the same time.
Buying a home now can save you 1000's as opposed to buying later. Why???? Because when interest rates move up a 1/2% to 1% that can increase your housing payment by $300 - $400 per month or more depending on your loan amount, not to mention the additional cost of housing when prices begin to move up. So take advantage of the market while you can instead of later saying, "Coulda, Woulda, Shoulda."
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Foreclosed Homes and Short Sales
Whether you're facing foreclosure or looking to buy a great property and score big on savings then you've come to the right place for some straight answers. Ask 10 people the same question and you'll get 10 different answers for dealing with foreclosures and short sales. That's because there's a lot of misinformation circulating about how to buy a bank owned property, the process of foreclosure, what loan modifications are and how to get them, how to sell and buy a home using a short sale.
You can buy a great deal with an REO property which is a bank owned property, and you can score big buying a short sale but you must be patient with a short sale. Short sales are long and difficult for both the buyer and the homeowner, but it can be a "win-win" situation for both parties.
If you are possibly losing your home because you're unable to make the mortgage payments, then you need to talk with a professional as soon as possible to learn about all the options available to you to save your home and/or your credit.
Truly your worst enemy is TIME . . . you must take action now to protect yourself.
See the pages below for help from us.
Looking for a Great Deal
Click here to read more about finding properties in foreclosure.
Foreclosure Vs. Short Sales
Click here to read about the difference between Foreclosure and Short Sales
Click here to fill out a form if you are facing foreclosure and to see if you qualify for a short sale.
Click here to read the article, "Strategies for Dealing with Foreclosure"
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