Archive for May, 2009
More from REALTOR® Magazine Online News on HUD Announcement
HUD has announced that the $8,000 first-time homebuyer tax credit can be used on select closing costs.
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HUD Has Released Modifications to Its Proposal to Monetize the $8,000 First-Time Homebuyer Tax Credit
Consumers across the country can now take advantage of a Federal Housing Administration program to allow qualified home buyers to apply the $8,000 tax credit when purchasing a home. FHA will now permit its lenders to provide a short-term bridge loan that will let qualified home buyers use the tax credit to either make a larger downpayment above the FHA required 3.5 percent, cover closing costs, or buy down their interest rate.
NAR Announces New RSPS Certification Path
As part of an effort to increase member benefits, the National Association of REALTORS® announces changes to the courses required to obtain NAR’s Resort and Second-Home Property Specialist (RSPS) Certification. Applicants no longer need to complete the RLI Tax Deferred (1031) Exchange course, but can use it towards elective credit if they have already completed the course.
Tri-Valley, California, Named Ambassador City
California’s Tri-Valley region has been named a 2009 Ambassador City for its Tri-Valley Housing Opportunity Center.
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