New Homebuyer Tax Credit – FAQs (from NAR)

Topics: Agent News, Nebraska Land Title And Abstract

  NAR Frequently Asked Questions Homebuyer Tax Credit Changes National Association of REALTORS® Government Affairs Division 500 New Jersey Avenue, NW, Washington DC, 20001   Question: Existing homeowner credit: Must the new house cost more than the old house? Answer: No. Thus, for example, individuals who move from a high cost area to a lower […]

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Monday November 2 Tax Credit for Home Buyers Update

Topics: Community News, Mortgage, Nebraska Land Title And Abstract

Everything is looking more promising that the extension and new provisions as noted below will be passed by the Senate and the House possibly by weeks end.  The President has stated that in its current form he will sign the legislation.  I assume the concession on the combined income from $300,000  then to $250,000, to now […]

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The Housing and Economic Recovery Act (HERA) has gone into effect.

Topics: Agent News, Mortgage, Nebraska Land Title And Abstract, Uncategorized

Today’s big news is the new federal regulations regarding real estate mortgage closings. The fours key elements you need to know: 1. If the homebuyer is financing the property, these new regulatory and investor guidelines will impact and will dictate the closing date. 2. Upfront fees cannot be collected by the lender (except for credit […]

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