I thought this was a great article on describing the benefits of not going into a foreclosure. read more… Editor’s Note: Short sales and preforeclosures are two home types that constitute a growing subset of bargain homes that also includes properties referred to as “distressed” and “auction” homes. With many Americans facing the very real…
Tag Archive: First Time Buyer
7 Tips for Westchester County First-Time Home Buyers
A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis. Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today: * Old-fashioned basics are more important than ever. The safest way to purchase a home…
Fewer Westchester Jobs Cut
WASHINGTON (Reuters) – The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, giving the clearest indication yet that the economy was turning around from a deep recession. U.S. employers shed 247,000 jobs in July, the Labour Department said on Friday, the least…
The $8,000 Westchester First-time Homebuyer Tax Credit – A Great Tool for Westchester First Time Buyers
This Article has some useful information for you regarding the $8,000 tax Credit available to you as a first time buyer. Read More…. The recently enacted first-time homebuyer tax credit is making a big splash with Realtors® across the country. Traffic and interest have increased as the word has spread to potential home buyers. While…
5 Ways First-Time Home Buyers Could Miss Out on This Year’s Tax Credit
The 2009 First-Time Homebuyer’s Tax Credit passed by Congress this year just might be the best financial opportunity available to qualified home buyers in a generation. The new credit is retroactive to January 1, 2009. Unlike the 2008 package, this is not a loan. Eligible first-time buyers receive an $8,000 tax credit from Uncle Sam…
Three Things You Need to Know Before Buying A Westchester County NY Home
Before you buy your westchester county ny home, you should know all the options available to you. Read the following article to find out more about Westchester County Home Buying Julie and Walt just bought and moved into their first house. They’ve been married two years and Julie’s about a month away from delivering their…
Foreclosure filings jump 24%
Source: CNNMoney.com NEW YORK (CNNMoney.com) — Foreclosure activity skyrocketed in March and the first quarter of 2009 to their highest levels on record as banks lifted moratoria on filings. Total foreclosure filings – which include default papers, auction sale notices and repossessions – reached 803,489 in the first quarter, according to a report released Thursday…
Where to Get Foreclosure Help
With all the dubious assistance programs and out-right scams preying on home owners facing foreclosure, it can be difficult to find legitimate help. Here’s a list of programs that are either operated by the U.S. government or have its seal of approval: * To find a counselor, contact the U.S. Department of Housing and Urban…
The State of the Economy|Dont panic
The current state of the economy is probably the worse economic slowdown that most of us have experienced. It’s scary. It seems like there is no end to the bad news and the value of assets (stocks and real estate) will never stop falling. Most investment advisors we speak with continue to believe that the…
Obama Foreclosure Plan to Help Resolve Westchester Housing Crisis|Loan Modifications
President Obama last week unveiled details of a $75 billion foreclosure prevention plan designed to help seven to nine million “responsible” home owners remain in their homes with affordable mortgage payments. The official rollout date for the program is March 4. Read More
It's Not the Market it's how you React
Anyone who has hit a speed bump knows there’s a right way and a wrong way to take this arbitrary, often irrational, obstacle to your intentions. The recession is a speed bump, a big one, but just a speed bump. If it is taken the right way, it will not be a barrier to a…
First Time Homebuyer Tips|Distressed Deals
Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgage loans. For a first time home buyer, there are many factors to consider before you buy. The more information…