Banks Willing To Rent Tenants Back Their Foreclosed Home

Posted by relocateaz on Nov 20, 2009 in Uncategorized | 0 comments

In a surprise move, Fannie Mae announced it will begin allowing homeowners facing foreclosure to rent back their homes for up to one year.   This program allows homeowners to pay market value for rent, a sum typically lower than the price they are currently paying for their mortgage. “The Deed for Lease Program...

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The “New” Homebuyers Tax Credit Explained

Posted by relocateaz on Nov 19, 2009 in housing market | 0 comments

If you were one of the many Americans, holding your breath in hopes that the New Homebuyer tax credit would be extended, your wait it over. Many had predicted that the highly successful tax credit would be extended, but last week congress made it official and changed the deadline to April 30, 2010. This means that you must...

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Will The $8000 Tax Credit Be Extended?

Posted by relocateaz on Aug 26, 2009 in Buying Tips, housing market, investing, Real Estate | 1 comment

By now most Americans are aware of the 8,000 dollar tax credit offered by the federal government for first time home buyers.  This is a dollar for dollar credit that will be payed out on your tax return the following year.  So if you are a first time home buyer and close on your house before Dec. 1st, 2009 Uncle Sam will...

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Obama to visit Mesa and see foreclosure situation, $15,000 tax credit may still come back

Posted by relocateaz on Feb 17, 2009 in News | 0 comments

President Barack Obama will be making his first trip as President to Arizona this week to hear about the Phoenix Area foreclosure market up close and personal. The President is scheduled to tour an unspecified Mesa neighborhood that has been hit hard by the foreclosure crisis before heading to Dobson High School to deliver a...

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Latest on the stimulus bill and house tax credit

Posted by relocateaz on Feb 13, 2009 in News | 0 comments

The US House is voting on the final passage of the bill today and then the Senate will follow shortly after. It is expected the “Stimulus” bill will have little problem getting through either chamber. One new detail on the housing portion of the bill that I had not previously reported about has come to light. The...

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