Tag Archives: credit

First-Time Home Buyer Tax Credit

Posted on September 22, 2008 by

The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009.  The following questions and answers provide basic information about … Continue reading →

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H.R. 3221, the Housing and Economic Recovery Act of 2008

Posted on August 25, 2008 by

The housing market in the Tri-Cities is still strong as is the supply of homes as well. And for those first-time homebuyers there is added incentive. Recently, President Bush signed into law, the housing tax credit bill. Here are some of the details: A … Continue reading →

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Is this a Good Time to Buy a Home in the Tri-Cities?

Posted on August 20, 2008 by

If you watch only national news of financial turmoil and declining housing prices you may fear that this is not the time to buy a home. While that may be the case in other states, it’s not an accurate picture … Continue reading →

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New tax credit for first-time homebuyers designed to boost home sales

Posted on August 19, 2008 by

By Paul A. Smith, TCAJoB Only July 30, President Bush signed into law a massive housing bill designed to stabilize failing housing markets across the country.  The highlight of the legislation is a $7,500 tax credit for “first-time homebuyers,” who … Continue reading →

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After the turmoil, FHA remains the cornerstone

Posted on August 11, 2008 by

The mortgage industry is under construction. Actually, it’s more like a restoration project, and as with any project of that kind, the architect takes away the broken or outdated portions of the structure, then improves the classic elements that make … Continue reading →

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Tri-City Home Sales Stay Steady

Posted on July 31, 2008 by

Mid-Columbia keeps national trend at bay Emma Kramer, 3, likes to talk about her family’s new house, particularly the room she’ll call her room. “She just wants to have a bedroom that’s purple,” said her mom, Tracie. The Kramer family, … Continue reading →

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Watch What You Trust

Posted on July 18, 2008 by

Living Trusts Require Special Care for Real Estate By Margaret A. Lourdes, attorney In recent years, revocable living trusts have become popular tools in estate planning, even though they can cost several hundred to create. The purpose of a revocable living … Continue reading →

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New law affects sellers of distressed homes

Posted on June 2, 2008 by

Attorney General of Washington, Rob McKenna June 2, 2008 SEATTLE – A new state law to help protect financially strapped homeowners from equity skimming and foreclosure rescue scams becomes effective in Washington on June 12, 2008. The new law provides … Continue reading →

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Mortgage Fraud

Posted on May 14, 2008 by

Financial crimes are one of the fastest growing areas of criminal activity in the United States and one of the fastest growing areas of financial crimes is mortgage fraud. Fraud involves two parties: one makes a false statement of fact … Continue reading →

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