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FHA Loans To Get Costlier

It’s about to get more expensive to take out—and a bit harder to qualify for—a loan insured by the Federal Housing Administration . Faced with rising losses and falling reserves, the FHA is preparing a series of tweaks to its underwriting Read More...
Posted Wednesday, December 02, 2009 4:40 PM by Chaim Gleitmann | 0 Comments

Q&A clears the air about homebuyer tax credits

If you’re in the market for a home, the world is your oyster. Interest rates are at record lows. Housing prices in many parts of the country are still depressed. And you may be eligible for a generous tax break, even if the home you buy isn’t Read More...
Posted Wednesday, November 25, 2009 12:58 PM by Chaim Gleitmann | 0 Comments

October sales in Sarasota market continue strong pace

Strong property sales in the Sarasota market in October 2009 continued to provide ample evidence of a market in recovery, with overall sales nearly 36 percent higher than October 2008. Total sales stood at 574 in October, compared to 364 total sales in Read More...
Posted Monday, November 16, 2009 1:51 PM by Chaim Gleitmann | 0 Comments

Buying a Home in Time to Get Credit

The new law extends the tax credit for first-time home buyers and opens it up to some existing homeowners as well: The credit is now up to $8,000 for first-time buyers and up to $6,500 for repeat buyers. All buyers must have a binding contract on a house Read More...
Posted Sunday, November 15, 2009 11:48 AM by Chaim Gleitmann | 0 Comments

What Are the Tax Advantages of Owning a Home?

It feels good to be a homeowner, and you’re going to feel even better when you take advantage of the tax cuts that are only available to homeowners. The shifting economy of the past year or so has created additional tax deductions . Plus, increasing Read More...
Posted Tuesday, October 27, 2009 1:24 PM by Chaim Gleitmann | 0 Comments

$35 Billion Slated for Local Housing

By DEBORAH SOLOMON WASHINGTON -- The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to provide mortgages to low- and moderate-income families, according to administration Read More...
Posted Tuesday, September 29, 2009 7:59 AM by Chaim Gleitmann | 0 Comments

First-Time Homebuyer Credit Provides Tax Benefits to 1.4 Million Families to Date, More Claims Expected

First-Time Homebuyer Credit Provides Tax Benefits to 1.4 Million Families to Date, More Claims Expected IR-2009-83, Sept. 17, 2009 WASHINGTON — With the deadline quickly approaching, the Internal Revenue Service today reminded potential homebuyers Read More...
Posted Saturday, September 19, 2009 3:44 PM by Chaim Gleitmann | 0 Comments