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February 2010

State homebuyer tax credit sought again. Will this affect Danville Real Estate?

Are we in line for another First Time Home Buyer Tax Credit from the state? The followingContra Costa Times article discusses a proposed First Time Home Buyer Tax Credit. There are applications of this credit for both new and existing construction. The proposal calls for a $10,000 credit issued up to 10,000 First Time Purchasers of New Construction and a provision for 10,000 First Time Buyers of existing construction. The credit can be combined with the federal First Time Home Buyer Program and has a potential credit total of $18,000. This would have a positive affect on home buyers of Danville Real Estate, San Ramon Real Estate, Alamo Real Estate, and anyone in the entire Bay Area. I’m certain that there will be much debate on the floor regarding  this credit so we’ll see what happens.

State homebuyer tax credit sought again – ContraCostaTimes.com.

New rule affects homeowners in foreclosure avoidance program

The following Los Angeles Times article discusses a recent change to the Loan Modification process which must be put into affect by June 1. The articles describes the situation where over 1.2 million loan modification trial periods have been initiated with only 67,000 loan mods actually being implemented. We have spoken with many clients who own Danville real estate, San Ramon real estate, and Alamo real estate who are very confused so, in addition to reading this article, please review our information on avoiding foreclosure. There is a lot of misinformation being reported about strategic foreclosure and short sales and we have put together a very comprehensive, accurate, and timely information packet that will help anyone in danger of losing their home.

New rule affects homeowners in foreclosure avoidance program – latimes.com.

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