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Program 3648 is privately sponsored nationwide initiative to help homeowners take advantage of the Mortgage Forgiveness Debt Relief Act of 2007 which has been extended through 2012 through the Emergency Economic Stabilization Act of 2008.
H.R. 3648 became Public Law on 12/20/2007.
(This measure has not been amended since it was passed by the Senate on December 14, 2007. The summary of that version is repeated here.) Continue reading ‘Mortgage Forgiveness Debt Relief Act of 2007, H.R. 3648′
INFO THAT HITS US WHERE WE LIVE Big news for the housing market came Friday when the President signed a bill extending and broadening tax credits for homebuyers. Major points were first reported in an Inside Lending Bulletin last Thursday. The tax credits apply to contracts signed by April 30, 2010, that close by June 30. Income limits for eligibility have been increased to $125,000 per year for individuals and up to $225,000 per year for couples. Credits up to $8,000 continue for first-time buyers but there is now a $6,500 tax credit for buyers who’ve owned their current home at least five of the last eight years. However, homes selling for more than $800,000 are not eligible. Continue reading ‘Week in Review: November 9th’
FL Broker #CQ1003173. 7411 Manatee Avenue W Suite 100 Bradenton, FL 34209
Fax: 941-761-0150  An Equal Housing Opportunity Realtor®
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