Entries tagged with “extended”.


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

Freddie is trying to sell their foreclosed homes and is offering buyers awesome incentives to do so.  Here’s some info from Freddie’s website but complete info can be found at www.homesteps.com

From HomeSteps Website:  Now, no matter where you live in the United States, owning your own home may be more affordable than you think! If you currently rent or are considering homeownership, now is the time to make a SmartBuy. The HomeSteps SmartBuy purchase program may help you on your way to homeownership, with a little added peace of mind.

To qualify for this offer:

1. Complete the SmartBuy Buyer’s Closing Cost registration form below to obtain your coupon.
2. Ask your real estate agent to show you the available HomeSteps homes in your area.
3. Confirm with your real estate agent that the Home Protect** Home Warranty is available with this home.
4. Present your completed Buyer’s Closing Cost coupon upon initial offer on a HomeSteps home.
5. Receive your SmartBuy Buyer’s Closing Cost offer, upon qualified closing.
6. Receive your Home Protect** 2-year Home Warranty upon qualified closing.
7. Complete and submit the Homebuyer Survey form to your Closing Agent (Closing Agent to provide)

Don’t have a real estate agent yet? Click here to search for an agent near you!

This offer is only valid until December 31, 2009, so start searching for your SmartBuy home today at HomeSteps!

HomeSteps will pay up to 3.5%* of your purchase price in closing costs for initial offers presented on HomeSteps homes between July 17, 2009 - December 31, 2009.

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.