Revised to include new 5405 instructions The world of residential real estate in the U.S. is facing an expiration date of historic proportions in 2010 that buyers and sellers need to pay attention to for a variety of reasons. April 30, 2010 is the last day that buyers and sellers can “enter into a binding [...]
Upcoming Changes to Conforming Loan Limits
September 23, 2009 By Leave a Comment
UPDATE: For 2011 Conforming Loan limits for Northern Virginia, click here. Original Post: This is a post of special interest to many of us in the Washington D.C. metropolitan area. I was in a NVAR Finance Forum meeting discussing the Economic Summit and Sweth started to talk about the upcoming expiration of the current $ [...]
The short-term loan for the first-timer tax credit program…
May 19, 2009 By
We want our $8,000 first-timer tax credit at closing! And we aren’t gonna wait! “Okay”says HUD Assistant Secretary Montgomery in the “Mortgagee Letter 2009-15″ that is dated May 11th. Of course you can’t take out the whole $8,000 at closing since there are fees and expenses that need to be paid, and the $8,000 hard [...]
Best home buyer’s market in 20 years!
March 27, 2009 By
Call me @ 703-304-6827