Pennsylvania Real Estate Update

Dear Friend,   The U.S. Government recently extended and expanded the home buyer tax credit.  The $8000 first-time home buyer credit that was scheduled to expire December 1st will continue in effect until April 30, 2010.   In addition, begining December 1st, many current home owners will qualify for a $6500 tax credit if they've ...

Here is a quick overview of the legislation:   The tax credit is available for purchases before May 1, 2010.  Prospective purchasers with binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction. The tax credit remains at $8,000 for first-time purchasers.  No change to ...

  FREE REPORTHow to Keep from Getting Ripped Off When you Buy a Short SaleBy John Rainville, Broker, Realtor®, CSP, RECS, LTRS CertifiedAs banks foreclose on several homes in the area, buyers will find some amazing garage-sale priced homes; but buyers have opportunities to buy homes through a "short sale" before a home goes into ...

I have been pondering almost daily this great financial debacle that we have gotten ourselves into and how it happened. Now I understand Barry Obama likes to point the finger at the GOP or George Bush, but it started way before "W" became Number 43.  It seems to me that this whole mess can be traced back to Post WWII America and ...