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Remodel or Move? Which is Right for You?

The decision of whether to remodel an existing home or buy another one has become more difficult. Did you know we'll be happy to consult with you before you decide to do a major home remodel? A few years ago, the benefits of doing a remodel were quite simple due to the cost savings. Today it isn't as straight-forward.

The following are some things to think about when deciding whether to remodel or purchase a new property:

Lifestyle: Does your home continue to fit your lifestyle? Experts agree the home should reflect anticipated lifestyle changes for the next five to seven years. If not, it might be a good idea to consider purchasing a new property.

Maintenance: Does your home require more maintenance and upkeep than desired, especially compared to newer homes? New homes offer the ability to "right size" the levels of yard work, repairs and other needs associated with home ownership.

Cost and Value: There are many factors that can weigh into the cost and value of a given property, including tax credits/write-offs, long-term appreciation, current level of depreciation, access to amenities, property taxes and insurance, utilities, maintenance and much more. If you are not sure how to properly evaluate the true cost and value of your current property compared to a prospective property, ask us to provide estimates of housing costs for comparable properties.

Community: Access and affiliation with friends, family and the local community are important when deciding whether or not to remodel or buy new, yet they are easily overlooked by many homeowners. Depending upon the age of the neighborhood, it may be difficult or even impossible to find other properties in the immediate area. On the other hand, over time many communities experience a decline in desirability as rentals increase, crime rates increase, traffic congestion and other issues might start to creep in.

Decision Points: Of course a remodel can range from simple cosmetic updates to major renovations with a new kitchen and new baths or a complete overhaul from top to bottom. Make sure the costs of the projects plus potential budget overruns won't overprice your house for the neighborhood. Keep in mind that remodels certainly can make a home more saleable if you plan to sell in the future but you generally will not recapture the full cost of a remodel in the sales price. We're happy to give you an idea if your improvements are appropriate based on neighborhood values or if your project will be an over-improvement for the area.

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Your Home Isn’t Selling?

Wondering why your home hasn't sold? Is it due to bad marketing or the economic crisis? Based on years of experience, the real reason your home hasn't sold is probably less complex and easier to fix than you imagine.

Price:We all know there's a price where a home will sell and a price where it will help sell the competition! The number one reason homes don't sell is they aren't priced right. Once buyers see a home on the market for months, they assume something is wrong and offers get lowered.
Bad Impression: Clutter and lack of cleanliness are huge reasons why your home might not compete well for potential buyers. I've never had a complaint of a house being too clean!
Showing Restrictions: Try to be as flexible as possible allowing access to show the home and do not be present when the house is shown!
While you can't change the location, you DO control price, condition, access and the agent you choose to market the home. Homes that sell faster sell for top dollar while homes that become stale sell for much less.
It's easier to avoid having the tough discussion about clutter, odors or price. Frankly, the biggest disservice an agent can provide is telling you what you want to hear. The best information helps in making the best decisions!
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Why Every Buyer Should Get a Home Inspection

Why Every Buyer Should Get a Home Inspection
The list of things that can be wrong with a home is almost endless so a home inspection is one of the most important steps in the buying process! I've seen brand new homes with many significant defects that aren't obvious to the untrained eye.
The cost of an inspection is minimal compared to thepurchase price and to potential repair costs but you can still spend a significant amount of money based on the size of the home and types of inspections you choose. Prices vary widely depending on inspection company too but the home inspection might cost $250-$400 for an average size home but there can be tests for water quality, septic system, radon gas, lead paint, mold and of course a termite inspection. Most houses have defects or need repairs;problems can be serious. A home inspection should point out defects, safety hazards andpotentially major repairs.
A home inspector is a jack-of-all-trades who should be familiar with structures and electrical and plumbing systems to insulation, heating and cooling systems, and roofs. During an inspection, the inspector will make a visual examination of areas such as the foundation, exterior walls, roof, attic, garage, electrical, plumbing and heating systems, doors/windows, appliances, irrigation, pool and interior.
The inspector presents a written report and possibly photos of his or her findings and may suggest repairs or additional inspections by qualified licensed specialists. It's always advisable for you to attend the inspection which may take two to four hours.
When looking for a qualified home inspector, don't overlook recommendations from friends but there are other resources too. There are organizations like National Assn. of Home Inspectors Inc. (NAHI), American Society of Home Inspectors (ASHI), Florida Assn. of Building Inspectors (FABI) and others who provide standards and training and certification for potential members.
We are frequently asked to recommend an inspector and while we truly want to be helpful, it's critical that you select your independent inspector. We have seen good and not-so-good inspectors and we cautiously offer a "list" of inspectors our clients have successfully hired in the past. Florida began licensing home inspectors in 2010 but it's important to establish the inspector is qualified based on your criteria!
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Free Tax Tips- 10 Common Errors Homeowners Make When Filing Taxes

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Pet Odor Can Chase Away Buyers! Don't let pet odors derail your home sale!

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How to Assess the Real Cost of a Fixer-Upper House

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Christmas Gift Ideas on a Budget!

Christmas Gift Ideas on a Budget!

Buying Christmas gifts can be very stressful and rough on the wallet especially if you have a large family! Here are a few budget friendly ideas to make your own gifts that are sure to please just about anyone.

Personalized Glassware. This can be done with wine glasses or vases you already have around the house or find some inexpensive ones from a garage sale or discount store. Purchase an engraving tool ($15-20, these can be found at craft stores or places like Sears too) or glass etching kit and create tons of beautiful, personalized gifts! The tool or kit may cost you a few dollars but you can use it many times to make plenty of gifts!

Themed Gift Baskets. These are always a hit and fun to make too! An example would be a movie night theme. Put 2 $1 bills in the basket for Redbox rentals (www.Redbox.com for locations), add a popcorn pouch, candies & some sodas and it's like being at the movie theater! Get creative, there are so many possibilities!
Coupon Books. Homemade coupon books for your loved ones are extremely thoughtful. Offer services like doing laundry for a week, serving breakfast in bed, giving a foot rub or manicure just to name a few!
Personalized Calendars. This is a fantastic one for kids! From your computer, print off calendar blanks from programs like Word or Publisher and let your kids draw/color/paint the pictures for each month! Just Google "make your own calendars" for a number of free resources. Surprise Mom and Dad with their custom 2011 calendar with pictures from special events or that family vacation.
Don't let a skimpy budget make you a skimpy Santa! Use your imagination!
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9 Unexpected Energy (and Money) Savers!

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Delinquent Home Owners Association Fees: Why You Must Collect!

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 DON’T FORGET! Apply now for the Homestead Property Tax Exemption! If you purchased and occupied a new primary residence prior to January 1, 2011, you likely will qualify for a $50,000 tax exemption. The deadline to file is March 1, 2011 and you can file by mail, on the Internet in many counties or by calling your county property appraisers office for details. This deduction will save you several hundred dollars a year off your property tax bill if you file & qualify! DO THIS TODAY!

If you purchased a primary residence in 2010, check to see if you or the seller paid mortgage discount points on your loan. With few restrictions they are deductible for the buyer even if they were paid by the seller or builder! Check lines 801 & 802 of your HUD-1 Settlement Statement to see if you paid "points". Consult your accountant with any questions. If you need a copy of your Settlement Statement for your accountant or to prepare your taxes, just call and I’ll have a copy available.
If you or anyone you know are planning a move in 2011, now is the time to make your real estate plans. Personal referrals from satisfied customers and clients are critical to my success. Referrals allow me to spend time delivering service to my clients rather than prospecting for new business. Thank you for your continued trust and confidence. I'm committed to assisting your friends and families with excellent service and results provided in a friendly and professional manner. Please stay in touch and let me know if I can assist you or anyone you know with any real estate needs or questions! We’re all going to survive this market together!


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2010: The Year As Seen Through a Rear View Mirror!


Well, it’s over! I’m an optimist by nature but these are hard times for many and opportunities for some others. As everyone realizes, 2010 was among the toughest years in recent history for the real estate market. With unemployment approaching 12% in Central Florida combined with abandoned homes, foreclosures on nearly every street, tough appraisal standards and strict lender underwriting for new loans, we had the perfect storm.
In spite of the Homebuyer’s Tax Credit and the lowest interest rates in 50 years, prices struggled to stabilize and basically moved up and down in a very narrow range throughout the year. The so called “normal” sales accounted for only about 30% of all sales, while bank-owned and short sales represented a lofty 70% of activity! The lower median prices of bank-owned and short sales exerted a downward influence on the overall median price but this actually makes things look worse than reality.
There are currently 14,993 homes available for purchase through the MLS and the current pace of sales translates into 6.33 months of supply. Sales in 2010 were up by a remarkable 19.57 percent over 2009. A total of 28,602 homes were sold in 2010 compared to 23,921 in 2009. Throughout 2010, the majority (10.25 percent) of single-family homes that changed hands each month were sold for less than $50,000. There was definitely more activity at the bottom price ranges and cash investors and first time buyers took advantage of the low prices. Condo sales increased a whopping 49.34 percent in 2010, with 6,532 condos sold in all of 2010 compared to 4,374 sold in 2009 and 1,454 sold in 2008. An enormous majority (54%) of sold condos fell into the $50,000 or below category and there were many hundreds of condos sold in the $20,000 to $40,000 range. From the peak, home prices have dropped by 50% on average but condos, especially conversions, dropped 80-90% in many communities!
Each county’s 2010 year-end sales comparisons are: Lake: 2.19 percent above 2009; Orange: 16.29 percent above 2009 (18,823 homes sold in 2010 compared to 16,186 in 2009); Osceola: 11.13 percent above 2009; and Seminole: 29.18 percent above 2009 (5,688 sold in 2010 compared to 4,403 in 2009). Prices appear to be solid and interest rates are definitely heading upward but still around 5% so this continues to be a great time to buy a home!
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How to Choose the Right Neighborhood

 How to Choose the Right Neighborhood

 Location, location, location — goes the saying about what’s important in real estate. Most home buyers start by looking for a suitable area. The following tips will help you find a neighborhood that feels like home.

  • Set priorities about things that matter most to you and your family:
  • Is safety a prime concern?
  • Are you looking for vibrant nightlife?
  • Do you need to live close to work? 

    The best purchase is usually a trade-off among several desirable elements.
These factors will help to determine a neighborhood’s style and if it’s a nice fit:
  • Are there good local schools? Whether or not you have children, good schools help maintain or increase property values.
  • Is the area close to services such as hospitals, public transportation, shopping, parks, and recreational and cultural sites?
  • How safe is it? Check with local police and look in the newspaper for crime-watch statistics.
  • Are people outside their homes, working in their yards or walking their dogs? Neighbors who interact with one another create a safer and more pleasant environment. Stop and chat with them!
  • Is the area popular? We can tell you about turn-over (the number of sales in a neighborhood) and stability in the area.
  • What is the neighborhood’s price range? Have property values historically gone up, down or stayed the same? Areas about to become trendy are often found on the fringes of highly desirable locations.
  • Is there vacant space nearby? What kind of development is planned for it? 


We are happy to be the source of this information and to help compare and distinguish between neighborhoods that seem alike. Contact me anytime for info about neighborhoods, schools, shopping, restaurants or traffic patterns.
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Best Time to Buy in a Very Long Time?

 Why NOW Might Be the Best Time to Buy!

If you have been sitting on the sideline waiting for the next buying opportunity in the housing market, now seems to be the time to buy. While home prices are not expected to rise significantly for several years, there are solid reasons to buy now.

Interest rates hit historic lows! Most of us who have been homeowners for many years remember the days of double digit interest rates and rates for FHA and VA loans as high as 16-17%! I’m not old enough to remember the last time we had interest rates at today’s level. Getting a 15 year loan in the high 3% range or 30 year loans in the low to mid-4% range is a real budget booster! 

Inflation adjusted prices are VERY LOW! Home prices have dropped 40-50% from previous highs in most areas. When adjusted for inflation the savings are even greater. Homes are selling today at prices not seen since the 1990’s!

Banking regulations are tightening.  Recent economic news could make banks further tighten lending requirements by requiring larger down payments, stricter qualifications and more restrictions. Even with low interest rates & prices, it could become much more difficult to qualify for a mortgage in the future.

Rising rent costs. Compared to the steeply declining costs of home ownership, rental rates have been increasing. A “Buy or Rent Analysis” has clearly shifted toward buying.  The ability to lock in and control housing costs is vital to maintaining a family budget.

Expect to work a little to get a home.  This is a competitive market to get the best homes at the most attractive price and terms. Short sales and REO’s might be opportunities for you if you have the time, energy and risk tolerance. And if a fixer-upper or waiting for months isn’t an option, there are many resale homes and new construction at great prices these days!  





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Foreclosures, Short Sales Shatter Housing Values!

 Do distressed properties affect my home’s value?

Location, location, location — goes the saying about what’s important in real estate. I suppose that’s as true today as ever but the location of the ubiquitous distressed properties, which are not within our control, can and do have a negative affect on property values in the immediate community.

Right or wrong, agree or disagree, the lenders and the appraisers are using the sold bank foreclosures and short sales as “comparables” when doing appraisals for home purchases or refinancing. For years I told clients that the lenders would disregard the distressed sales and compare “arm’s length sales” (sales in which there’s no duress on either the buyer or seller)but in this current market, lenders and appraisers frequently use distressed sales because these are the only recent sales in the area. This doesn’t bode well for other home owners in the area if these are the majority of sales in a community!
Of course a lower value on one home in the neighborhood becomes the “best” comparable for the next sale (considering it’s the most recent sale and closest sale by proximity). So we have a downward spiral which doesn’t quite seem right or fair. It doesn’t seem that a stripped foreclosure in bad condition or a financially distressed short sale should affect or even determine what your impeccably maintained and nicely updated home is worth!
So what can you or your agent do about a low appraisal? Supply comparables to the appraiser and get him/her to agree that your research is better than theirs? Explain the condition of a home used as a comparable since I saw inside and they didn’t? Ask them to change their professional opinion of value after it’s submitted to the company that hired them? Kill the sale and look for another buyer (unless it’s an FHA appraisal which stays with your property for six months)!
Does anyone else think that a well informed buyer and seller, in an open market, might have the best idea what a home is worth?
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The “New Normal” is Here to Stay!


 The “New Normal” is Here to Stay!

When will we see home prices like we saw during the boom? 

It’s no secret that prices went sky high to unsustainable and unaffordable levels during the real estate boom. We look at the equity we thought we had in our homes during this anomaly and it’s common to hope to see those prices return someday soon.
Well, the truth of the matter is that we almost certainly won’t see 2005-2006 prices for many, many years. Some economists predict it will be another fifteen years before we see the prices back near peak levels. And if you look at historic home price appreciation, it realistically could be 2025 or longer!
A review of the five county Metro area (Orange, Seminole, Osceola, Lake and Volusia) shows 2010 year-to-date home prices at the lowest level since before the turn of the century! The prices this year based on 30,565 homes sold shows an average sale of $139,202 and a median sales price of $107,500. Compare that to almost 62,000 sales in 2006 and 2007 combined which had an average price of $287,967 and median price of $237,500.
So the average value is down a sobering 51.7% and the drop in median price is 54.7%. I think everyone likes a “half-price” sale at a retail store but it stings when it comes to home prices! It’s hard to picture prices going lower in spite of the foreclosures, short sales, high unemployment and sputtering economy. I’m thinking we have found the bottom!
While many people have hoped for a quick turnaround even as the market declined further, I think the economic data, tighter lending standards, conservative new appraisal laws and a severe hangover from the last boom suggests that prices aren’t going to appreciate quickly.
I think we’ve found the “New Normal” and more of us accept that as reality as the days pass. So many people have had their lives on hold waiting for the real estate market, many by necessity and other by choice, believing prices will “come back”. We’ll all make it through this together. Our great grandparents spoke about the Great Depression. We’ll tell our grandchildren about the Great Recession and the housing boom and bust as we began the new millennium!
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Home Buyer Tax Credit Extended AND Expanded!!!

Home Buyer's Tax Credit Extended & Expanded

As widely anticipated, the up to $8,000 First Time Home Buyer's Tax Credit has been extended.  It has also been expanded and there are several NEW changes that could affect you so please read the one page document linked below to see if you qualify!  The new time frame to purchase a home and receive the tax credit has been extended from November 30, 2009 to April 30, 2010.  There's also a 60 day period after April 30, 2010 for those with a binding contract to close the transaction and still receive the tax credit.

There are several important changes including a potential $6,500 tax credit for current homeowners which is brand new and begins December 1, 2009.  There are conditions for eligibility which are included in the document linked below.

Also in the document below there is information about the new Anti-Fraud Rule, higher income limits, cost of home limits and purchases by a dependent so please review the document.  Here's that link:


A five month extension for the tax credit will go very quickly so NOW is the time to begin finding the perfect home for you!  Congress has stated that there will NOT be another extension of this program.  It will be my pleasure to assist you or anyone you know with any real estate needs or questions.  If you're looking to buy or sell real estate in Central Florida please contact me by email or phone.  I look forward to serving you!

Marty Hunt, Realtor®, ABR, CRS, GRI, e-PRO
Florida Home Team Realty, LLC
Direct, Anytime:  (407) 869-7779  
Toll Free:  (888) 412-8681     Fax: (407) 869-8987
Email: mailto:marty@martyhunt.com
Web Site: http://FloridaHomeTeam.com or http://www.MyFloridaHomesMLS.com/Marty
See Thousands of Foreclosures and Bank Owned Properties!  Go to
http://www.OrlandoForeclosureProperty.com and click on "FORECLOSURE".


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Time to Invest In Central Florida Distressed Properties? YES!

Should I invest in Notting Hill? YES!

Good morning Investor G. Thanks for your question on Trulia Voices regarding investing in Notting Hill in beautiful Lake Mary, Florida.

While no real estate agent or financial adviser (or even a psychic?) can determine future values of any investment (real estate, equities, art, etc.) I would say Notting Hill, at today's distressed prices, would be a very good investment especially for the long term.

The values dropped from $350,000-$440,000 just two years ago to today's prices of around $65,000 to $85,000 for two bedroom units and around $100K-$125K for three bedroom units often with two car garages and many I've seen that are in excellent condition.

The Association fees are "high" I suppose but that wasn't the real issue. The problem was the high prices and the extremely high property taxes!!! A secondary problem seems to be the lack of available financing since I believe the developer still owns too many units to meet guidelines AND the high rental and vacancy rate (or not meeting the minimum percentage for owner occupied units) so almost ALL of the recent sales have been for cash. The cash investors are getting some great deals/great prices on these bank-owned and short sale units.

The real difference NOW is that the County has reacted by lowering the assessed values of these properties by HUGE percentages. Some of the units which had tax bills approaching $4,500 a year are now assessed for 1/3 of the 2008 taxable value. So instead of taxes being almost $400 a month I'm seeing 2009 tax bills at closer to $1600 a year or $133 a month when you figure your ROI. That cut in taxes of almost $3,000 a year or $250 a month makes for a real potential of possible cash flow in addition to buying at low prices thinking there's excellent potential for price appreciation.

As we see more owners occupying these units and when the developer sells out their remaining units which I understand they still own the values could and should rise significantly. The bottom line is with low prices and low property taxes and a desirable rental market in the Heathrow-Markham Woods area, Notting Hill looks like a great place to invest. I think the demand for rentals at today's prices in there also support the investment potential.

Feel free to call or email with any questions. You do have to react quickly in Notting Hill since the last several offers I've written in there have had multiple offers in a matter of hours! That also tells me that the investors have discovered this is a place where they'd be looking to invest.

If you want to search for the bank owned, short sales, corporate owned or other distressed properties, go to http://www.MyFloridaHomesMLS.com/marty and click on the big "Foreclosure" button or use my no obligation search at http://www.OrlandoBankOwnedProperty.com or http://www.OrlandoForeclosureProperty.com (both direct to the same web site). I can be reached at the email address or phone number below if I can assist you. Thanks and have a great Sunday!


Marty Hunt, Realtor®, ABR, CRS, GRI, e-PRO
Owner/Partner: Florida Home Team Realty, LLC
Direct, Anytime: (407) 869-7779
Toll Free: (888) 412-8681 Fax: (407) 869-8987
Email: mailto:marty@martyhunt.com
Web Site: http://FloridaHomeTeam.com or http://www.MyFloridaHomesMLS.com/Marty

See Thousands of Foreclosures and Bank Owned Properties! Go to
http://www.OrlandoForeclosureProperty.com and click on "FORECLOSURE".Web Reference: http://MyFloridaHomesMLS.com/marty

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HUD Announcement NOT What is Needed!

HUD: Tax Credit Can Be Used on Closing Costs, NOT As Part of Minimum 3.5% Down Payment! 

It's not at all what the consumer or the real estate industry or homeowners nationwide wanted or needed and it's yet another example of big government not understanding what happens at "street level".  HUD did NOT approve a plan to allow buyers to use the $8,000 first-time home buyer tax credit toward their down payment.  This is a significant back pedal from what everyone thought would be a HUGE help to the buyers and to the real estate market overall.

Unfortunately HUD announced FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.

Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent.

The loans can't be used to cover the minimum 3.5 percent down payment, senior HUD officials told reporters on a conference call Friday morning.

Thus, buyers applying for FHA-backed financing with an FHA-approved lender that offers a bridge-loan program can get a bridge loan to bring down the upfront costs of buying a home significantly but would still have to come up with the minimum 3.5 percent down payment.

In reality, HUD allows the seller of a property to pay "all" of the buyer's closing costs up to 6% (which generally covers all of the costs) and that is how business is generally done in the Central Florida market.  First time buyers come up with the down payment and ask the seller to assist by paying their costs.  I closed three or four transactions in the last 30 days where the seller paid the buyer's full closing costs and pre-paids (escrows) so the buyer's total investment was the 3.5% down payment.  So the big "news" is that not much has changed and this won't help most buyers who are strapped for cash.  The vast majority of sales using FHA financing already do not have the buyer paying closing costs so this new rule in most cases in not a factor and did nothing to stimulate sales and in reality almost nothing to assist a buyer who is short on cash but has acceptable credit, income and job stability to otherwise qualify. 

So the bottom line is that the big announcement by HUD is actually a big disappointment.  HUD, please revisit this issue and give the consumers what they want and need.  What better use could there possibly be for the $8,000 tax credit than to have the buyer plunk it down as a down payment on their first home?  You're going to give them the money anyway so why not give it to them to fund the purchase?  I understand HUD wants the buyer to have an investment (some "skin in the game") but they're going to give them the $8,000 with NO restrictions on how it is spent or wasted...why not use it as their down payment?  That sounds like better use of the money than buying furniture or a couple of new flat panel TV's or taking a vacation!

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Home Buyer Tax Credit Loans Update

Date: May. 21, 2009
Tags: None

HUD: Homebuyer Tax Credit Loans Still on Track

News reports that the federal government is backing away from its plan to permit eligible borrowers to monetize the first-time homebuyer tax credit are off the mark, a spokesperson for the U.S. Department of Housing and Urban Development says.

"The technical details are still being finalized and will soon be published in a mortgagee letter and posted on our Web site," Lemar Wooley, a HUD spokesperson, told REALTOR® Magazine Wednesday afternoon.

Under the guidance that's under development, state agencies and other HUD-approved entities would be able to provide short-term bridge loans that households could use to help with their downpayment. The loans would be repaid with the proceeds from the households' federal tax credit.

The loans were announced on the opening day of NAR's 2009 Midyear Legislative Meetings in Washington, D.C., last week. In his announcement, HUD Secretary Shaun Donovan said guidance would be issued shortly.

When the guidance is released, it is expected to cover eligible lenders and set parameters for loan terms and repayment.

Source: REALTOR® Magazine Online

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IRS Form 5405 To Claim Your $8,000 Tax Credit!

IRS Form to Claim Home Buyer Tax Credit

Below is a link directly to the IRS Form 5405 to claim the 2009 First-Time Home Buyer Tax Credit of $8,000.  The form has the information to determine if you qualify or feel free to call or email me with your questions!

Encourage your friends, family and co-workers to buy a home between now and December 1, 2009 to receive $8,000 if you meet the simple guidelines.  My previous post contained the FAQ's so I won't repeat them here but feel free to call or email if you have any questions!


Have a great weekend!


Marty Hunt, Realtor®, ABR, CRS, GRI, e-PRO
Realty Executives Seminole
Direct, Anytime:  (407) 869-7779  
Toll Free:  (888) 412-8681     Fax: (407) 869-8987
Email: mailto:marty@martyhunt.com
Web Site: http://FloridaHomeTeam.com or http://www.MyFloridaHomesMLS.com/Marty
See Thousands of Foreclosures and Bank Owned Properties!  Go to
http://www.OrlandoForeclosureProperty.com and click on "FORECLOSURE".


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