Entries tagged with “2010”.

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Wed 30 Dec 2009

Freddie Extends HomeSteps to Jan 31, 2010

Posted by karen under Freddie Mac
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Freddie’s HomeSteps special financing for their foreclosed properties has been extended to Jan 31, 2010.  Why don’t they just extend it for 6 months at a time–instead of month to month?  Updated MortgageTalkingPoints(r) posted on the site. 

http://www.mortgagecurrentcy.com/downloads/TalkingPoints_HomeSteps_111009.doc

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Wed 14 Oct 2009

$8000 Tax Credit Extended for Military–Is It a Policital Move?

Posted by Tracey Rumsey under Uncategorized
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This Just Out - The House voted (10-13-09) to extend the $8,000 tax credit to MILITARY, Foreign Service & Intelligence Officers until 11-30-10. They have to qualify using the same 1st time buyer rules and they have to have had 90 days of continuous military service during 2009. One new provision: If the military person is forced to sell their home (within the 3 year period) due to military orders or deployment - they will not have to pay back the $8,000. It’s expected to sail thru the Senate shortly.

Wow….I guess that’s one way to save face.  Instead of saying “We don’t have the money to fund this” they cut their losses by extending it to a small section of the population, but one nobody will pick on.  Don’t get me wrong.  I’m all about the military and veterans absolutely deserve special benefits for their service, but the truth is, they can’t afford it but don’t want the political backlash that will come with not extending it at all.

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