Home Refinance and Loan Modification Plan
On March 4, 2009, the Obama Administration released detailed guidelines for homeowners to help them determine if they qualify for the Administrations new Making Home Affordable plan. This is a follow up to the Administrations announcement on February 18 outlining their plan to stem the current tide of foreclosures and stabilize the nations housing markets.
For more information go to http://www.car.org/governmentalaffairs/federal/hrlmp/
New Federal and State Homebuyer Tax Credit Article
Motivated buyers
Home buyers in California could enjoy up to $18,000 in tax credits
By Andrea Coombes, MarketWatch
SAN FRANCISCO (MarketWatch) -- It's getting more rewarding to be a home buyer, at least in California.
There's the $8,000 federal tax credit for first-time home buyers. And now California has upped the ante, offering a tax credit worth up to $10,000 to any home buyer, first time or not, of any income level, who buys a home between March 1, 2009 and March 1, 2010.
There's just one hitch to the California tax credit: You have to buy a newly-constructed home that's never been lived in.
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