I just posted all the information needed to get your tax credit for Qualified First Time Buyers and what to do if you purchased in 2008. Visit my First Time Buyer page and see what this is all about.
I spoke directly with a representative at Countrywide today who talks with customers on a daily basis about doing loan modifications. I posed this questions to her:
“Is it better for someone to work with a 3rd party [loan modification company] to get their modification done?
She answered:
“Save your money. I feel sorry for the people who are going through this and pay all these fees to these companies. I have to tell the same exact thing to 3rd party companies as I do the customer. I am a nice person and not rude at all. There is nothing else that these companies can do that you can not do for yourself. We just want this to work out for the customer.”
According an article published in the Idaho Business Review yesterday apartment vacancy rate is up slightly to 9.5%. I personally see a wide variety of apartments for rent in the Boise valley. From high end luxury apartments with all the country club amenities to more basic (somewhat older units). From what I am seeing applicants on some of our units are moving down in price point and amenities. Prospective tenants are very budget conscious. As a result I see vacancies higher in the luxury market that the quality mid range and a bit higher in the low end (older) units as the mid priced and newer units have adjusted in price.
At a glance:
· The tax credit is for first-time home buyers only.
· The tax credit does not have to be repaid (special provisions apply).
· The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
· The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
· Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
Read the FAQ's about this Bill here.