Danielle Drahos's Blog – November 2009 Archive (6)

I was recently at a Real Estate conference in Phoenix geared towards REO's (real estate

owned) and found out some fantastic info on what to expect in the next few months and into 2011. The big drop for distress sales will be Feb-March of 2010 and we will have 3x the amount of distress sales that (as a nation) we do now.

Also- by 2011 48% of homeowners will be upside down in their mortgage. Short Sales are the new REO's and it looks as if this… Continue

I just wanted to take a minute to remind you all that you can use your bridal registry as a down payment source on a home in addition to that first time buyers will get $8000 tax credit and homeOWNERS now are eligable for $6500 tax credit if you have lived in your home for 5 years or more.
Let me know if you have any questions

Hello all! As you know Im working very hard to finish our program for newlyweds to use their registry as down payment source on a home.
However I am looking for feedback from all of you brides and bride to be's , okay and grooms :) on which youd rather prefer? Gifts or cash?
Your feedback and comments are GREATLY appreciated

Check out this IRS website for updated info and changes

http://www.irs.gov/newsroom/article/0,,id=204671,00.html



QUESTION AND ANSWER FOR TAX CREDIT

According to the National Association of Realtors

NAR Frequently Asked Questions

Homebuyer Tax Credit Changes

National Association of REALTORS® Government Affairs Division

500 New Jersey Avenue, NW, Washington DC, 20001

Here are some… Continue

ACCORDING TO MORTGAGE NEWS DAILY~~~~~~~

The Senate today voted unanimously Wednesday night to extend the $8,000 tax credit for home buyers beyond its scheduled November 30, 2009 expiration date. The credit would be available until April 30, 2010. Under the new legislation the credit will also now apply to home buyers who are buying their second or subsequent home. The credit currently applies only to first time home buyer.



The Senate vote was 98 to 0



Under a… Continue

I think it is so important that as you are starting a life together that you take into account all of the components that will make your dreams come true. For many people, owning a home is one of them. The system that we have come up with for couples old and new, even college graduates, makes this dream possible. Owning a home together is the foundation for building your life together, it is where you start a family, and where you gather to create… Continue