Sunday, June 5, 2011
Sunday, November 8, 2009
Just heard about an REO STEAL coming on the market in West Hollywood. Interested let me know. http://chuckkeller.com
Wednesday, September 9, 2009
$8,000 Tax Credit is Expiring soon
Hey First Time Buyers (and those of you who have not owned a home in the last 3 years)......you must act fast to qualify for your $8,000 tax credit for purchasing a home (condo). The deadline is near. You must close on your purchase by November 30, 2009. This means you must be in escrow soon (mid October at the latest) because many escrows are taking at least 45 days or longer.
I can help you with your purchase no matter where you are. I have an extensive network of Realtors across the United States and can put you in contact with an experienced first time buyer expert.
If you're in the Los Angeles area, I can personally help you. Hurry! Let's get started so you can get your $8,000 credit. Once you close on your home, you can go back and ammend your 2008 tax returns to claim your credit immediately OR wait until you file your 2009 taxes.
Email me chuck@chuckkeller.com or Call 310-403-6348. Go to my website chuckkeller.com. Follow me on facebook.com/chuckkellerrealtor twitter.com/chuckkeller
I look forward to hearing from you.
Chuck
I can help you with your purchase no matter where you are. I have an extensive network of Realtors across the United States and can put you in contact with an experienced first time buyer expert.
If you're in the Los Angeles area, I can personally help you. Hurry! Let's get started so you can get your $8,000 credit. Once you close on your home, you can go back and ammend your 2008 tax returns to claim your credit immediately OR wait until you file your 2009 taxes.
Email me chuck@chuckkeller.com or Call 310-403-6348. Go to my website chuckkeller.com. Follow me on facebook.com/chuckkellerrealtor twitter.com/chuckkeller
I look forward to hearing from you.
Chuck
Wednesday, July 29, 2009
Friday, June 5, 2009
Tax Credit Can Be Used on Closing Costs
Daily Real Estate News May 29, 2009
HUD: Tax Credit Can Be Used on Closing Costs FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent.The loans can't be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday morning. Thus, buyers applying for FHA-backed financing with an FHA-approved lender that offers a bridge-loan program can get a bridge loan to bring down the upfront costs of buying a home significantly but would still have to come up with the minimum 3.5 percent downpayment.There remain many sources of assistance for buyers needing help with the 3.5 percent downpayment, including many state and local government instrumentalities and nonprofit lenders.In addition, some state housing finance agencies have developed their own tax credit bridge loan programs, so buyers in states whose HFAs offer such programs can monetize the tax credit upfront to cover all or part of their downpayment. These programs are separate from what HUD announced today. The first-time homebuyer tax credit was enacted last year--and improved upon earlier this year--to help encourage households to enter the housing market while interest rates are low and affordability is high. The credit is worth up to $8,000 and is available to households that haven't owned a home in at least three years. The credit does not have to be repaid, and is fully reimbursable, so households can get their credit returned to them in the form of a payment.
HUD: Tax Credit Can Be Used on Closing Costs FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent.The loans can't be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday morning. Thus, buyers applying for FHA-backed financing with an FHA-approved lender that offers a bridge-loan program can get a bridge loan to bring down the upfront costs of buying a home significantly but would still have to come up with the minimum 3.5 percent downpayment.There remain many sources of assistance for buyers needing help with the 3.5 percent downpayment, including many state and local government instrumentalities and nonprofit lenders.In addition, some state housing finance agencies have developed their own tax credit bridge loan programs, so buyers in states whose HFAs offer such programs can monetize the tax credit upfront to cover all or part of their downpayment. These programs are separate from what HUD announced today. The first-time homebuyer tax credit was enacted last year--and improved upon earlier this year--to help encourage households to enter the housing market while interest rates are low and affordability is high. The credit is worth up to $8,000 and is available to households that haven't owned a home in at least three years. The credit does not have to be repaid, and is fully reimbursable, so households can get their credit returned to them in the form of a payment.
Friday, May 29, 2009
$8,000 tax credit can now be applied to your down payment
Just announced. You can use your $8,000 tax credit toward your down payment and closing cost when you purchase your home (if you are a first time buyer or have not owned a home in the last 3 years). Previously, you were to use this as a tax credit on your 2009 return or ammend your 2008 return. Email chuck@chuckkeller.com for more information.
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