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Senators agree to extend homebuyer tax credit By STEPHEN OHLEMACHER Associated Press Writer Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. [...] CIT files for Chapter 11 bankruptcy protection CIT Group seeks prepackaged reorganization in New York bankruptcy court, By Stephen Manning, AP Business Writer On 9:28 pm EST, Sunday November 1, 2009 Companies: Cit Group, Inc. WASHINGTON (AP) — After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection [...] Contact a Texas Mortgage Company so that you can take advantage of the First Time Home Buyer Tax Credit of $8,000. —- By Adam Van Brimmer, RIS Media RISMEDIA, November 2, 2009—(MCT)—Local real estate professionals hear a clock ticking, and they’re sure it’s wired to the economy. The federal government’s first-time homebuyer tax credit is [...] Jumbo mortgage tax break? By Kay Bell • Bankrate.com Monday, Oct. 19 Here’s an interesting tax juxtaposition. While inflation has been so low that personal exemptions and standard deduction amounts will be basically unchanged in 2010, the IRS has decided that homeowners with million-dollar mortgages can write off a bit more of their interest. In [...] Get Pre-Approved for a Houston Mortgage By Lora Shinn With hundreds of thousands of homes in foreclosure or on short sale lists, there’s never been a better time to score a sweet deal. But discount-priced foreclosures and short sales can come with a raft of expensive problems. Just ask Adam Melson of Philadelphia. Melson had [...] A quick Friday fact from your Texas FHA Refinance Lender DID YOU KNOW? If a borrower will use the loan to complete payment on a land contract, contract for deed, or other similar type financing arrangement in which the borrower does not have title to the property, the new mortgage may be processed as either [...] Reposted by the best Houston Mortgage Lender — By Tracey C. Velt • Bankrate.com Foreclosure. It seems half the country is in it and the other half is trying to make a killing on it. The number of foreclosed homes staggers the imagination and with more adjustable-rate loans about to reset, the end is nowhere [...] New FHA Mortgagee Letter: October 27, 2009 MORTGAGEE LETTER 2009-45 TO: ALL FHA-APPROVED MORTGAGEES, ALL HUD-APPROVED HOUSING COUNSELING AGENCIES ATTENTION: Single Family Servicing Managers SUBJECT: Introduction of HUD’s Web-Based Training Application: Electronic Class (EClass) on Loss Mitigation and Servicing System The purpose of this Mortgagee Letter is to announce that the Department’s on-line, web-based training [...] I just wanted to send out a quick note to advise everyone (Realtors, Buyers, Sellers) that when looking to go USDA, it is ALWAYS best to check with us at Texas Mortgage Lender to look up the address for you. Sometimes even though the property might not be in an eligible county, by having a [...] by Adam Quinones The National Association of Realtors released Existing Home Sales data this morning. Think about the materials that go into building and maintaining a home….WOOD, STEEL, PLASTICS, WIRING, PIPING, CONCRETE, GLASS, ELECTRICITY, FURNITURE, CARPETING ,ELECTRONICS, APPLIANCES….LABOR. How about the commissions earned by Realtors and mortgage originators who help the borrowers close on their [...] |
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