New in 2010: Industry Changes and Provisions

In an effort to help stabilize the housing market, our nation's leaders have implemented several new plans and provisions.

They've approved temporary tax credits as incentives to homebuyers, as well as drafted new Home Modification Programs to help assist distressed homeowners stay in their homes.

First-time homebuyers are eligible for an $8,500 Tax Credit, (real money...not a tax deduction), if they are in-contract to purchase a home by April 30, 2010, and / or close by June 30, 2010.

In addition, Move-Up buyers are now elible for a $6,500 Tax Credit if they've owned a property for 5 out of the last 8 years. 

To learn the facts about these plans, or to see if you're eligible for one, simply click on the links below:

 2009-2010 Revised Homebuyer Tax Credit (Official Website)

New 2009-2010 Tax Credit Facts (Printable)

 Home Affordable Refinance or Modification Plan  (Website)

Home Affordability and Stability Plan  (Printable Version)

Frequent Questions  (Printable Version)

Three Examples of the Stability Plan  (Printable Version)

If you have questions regarding any of these changes, or would like trusted consultation regarding your current home situation, feel free to contact Rob anytime.