by Peter Toner
General

Just last week the Housing and Economic Recovery Act of 2008 was signed into law. Part of this new law is a temporary tax credit for first-time home buyers. The credit will apply to home purchases settled on or after April 9th, 2008 through July 1st, 2009, with the later date being the expiration of [...]
Read the full article →
by Peter Toner
General

Recently, the “Housing and Economic Recovery Act of 2008” placed a hold on seller funded gift programs starting October 1, 2008 to September 30, 2009. The basis for putting a stop to seller gifts is due to the often higher default rate found with borrowers assisted by seller gift funds. Texas Democratic Rep Al Green [...]
Read the full article →