About Me

http://www.SmartGirlsOwn.com

http://www.SmartGirlsOwn.net

Stacey McCarthy, Realtor, eAgent
Keller Williams Real Estate
584 Middletown Blvd., A-50
Langhorne, PA 19047
215-757-6100 ext 173

kw.mccarthygroup@gmail.com

My Other Sites
Twitter
Tags
Archive
2010 (9)
Archive for

June 2010

 

BREAKING NEWS on Flood Insurance and Tax Credit

Great news tonight!

For anyone unable to sell their home because of Flood Insurance:
Senate just passed extension of Flood Insurance to September 30th.

For anyone who is in a contract and thought they would miss the tax
credit deadline: Congress just passed extension of the Homebuyer Tax
Credit with ratified contracts in place as of April 30th that have not
closed and the new closing deadline is September 30th.

Details to follow.

Posted
 

Flood Insurance Update and Tax Credit Closing Deadline

Updated 6/29/2010

National Flood Insurance Program:

It passed the House of Representatives but the Senate must still pass the bill. The consideration of H.R. 5569 (National Flood Insurance Program Extension Act of 2010) will be this week. Take action: http://takeaction.realtoractioncenter.com/campaign/nhip_rhs_two. 

Tax Credit Closing Deadline: 

An extension HAS NOT been passed. NAR is pursuing all possible options with senior congressional staff to determine what other legislation may be available. Each of the possible options face difficult obstacles... the Senate did not have any votes as of Friday.  Proceed as if the June 30, 2010 date is binding.

Posted
 

Credit Refreshing

Mortgage agencies are now required run a new credit report for buyers within 7 days of closing to ensure that no new liabilities have been incurred. This includes previous credit inquires resulting in new credit and new inquires.
 
MY ADVICE: Make sure your credit stays squeaky clean and don't buy anything, or apply for credit, until after settlement!

Posted