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February, 2009  // Posts published in February, 2009

24 Feb Posted by Don in Finances, Home Buying | 4 comments

Your $8000 Tax Credit | What Home Buyers Need to Know about the American Recovery and Reinvestment Act of 2009

Your $8000 Tax Credit | What Home Buyers Need to Know about the American Recovery and Reinvestment Act of 2009

President Obama signed the American Recovery and Reinvestment Act of 2009 into law last week.  Of note to potential home buyers and current home owners was Section 1006, which granted an “Extension of and Increase in First-Time Homebuyer Credit” as well as a Waiver of the requirement to Repay.  Here are the details: The previous...

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16 Feb Posted by Don in Home Ownership | 3 comments

JPMorgan and Citigroup to Halt Foreclosures Temporarily

JPMorgan and Citigroup to Halt Foreclosures Temporarily

JPMorgan and Citigroup announced last Friday that they would temporarily halt their foreclosures while they wait for the government to finalize some of its foreclosure relief package.  The foreclosure relief package was a portion of the $700 billion under the Troubled Asset Relief Program (TARP) and was outlined by Secretary of the Treasury Tim Geithner...

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