ARCHIVED BLOG POSTS
2010
Legislation in the Senate was approved tonight by unanimous consent! The House approved the measure on Tuesday. Now, Congress has sent President Obama a plan to give home buyers the extra three months to close to still get their $8,000 in federal tax credits. Buyers who already have signed contr...
06/30/2010
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On Friday it was shot down, but Late today the House of Representatives approved giving extra time to the almost 200,000 affected homebuyers trying to get closed on their home purchases and receive the federal tax credit which ends tomorrow. The House backed by a vote of 409-5 giving CPR to the b...
06/29/2010
The world knows the BP oil spill has been a catastrophe affecting several states along the Gulf Coast. The impact affects industries from hotels and condo tourism, to fishermen, charter boats to local community beach tourism. The NOAA has launched a new website meant to answer many of the questi...
06/17/2010
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Last week, Senate Majority Leader Harry Reid, Johnny Isakson and Christopher Dodd, introduced legislation to extend the closing deadline for homebuyers who have had a contract pending prior to April 30 that qualified for the $8000 and $6500 homebuyer tax credits until September 30. 2010! Outstan...
06/17/2010
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How do you spell relief? If you are a homeowner and live in Louisiana, Mississippi, Alabama or Florida in the areas of the Gulf of Mexico affected by the BP Horizon oil spill, it appears there is a "brief reprieve" being offered for your mortgages from Citigroup, Fannie Mae and Freddie Mac. Citi...
06/17/2010
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Apparently short sales can continue to be reported that the account is still delinquent to the credit reporting bureaus for up to 10 months even after the sale has closed. For people already suffering through a hardship, this can severly impacting a persons ability to reestablish their credit ...
06/01/2010