Yesterday, President Obama signed the $787 billion American Recovery and Reinvestment Act (aka “the stimulusâ€) into law. While it is the largest spending bill in America’s history, and no one in Congress had fully read it, the much talked about perk for first time home buyers did make it into the bill. Here is a [...]
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If you don’t want to read this post, at least watch the second video!Billions of dollars to bail out the financial markets, which they use a significant portion of to pay out billions in bonuses to Wall Street fat cats, all the while tightening credit. Wasn’t the bailout’s purpose to loosen the financial markets and [...]
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Inman News Service reports that the National Association of Realtors now endorses seller funded downpayment contributions, which were outlawed (effective October 1) by last summer’s housing bill. A new bill was immediately introduced to re-instate the the seller funded gifts. I have posted about this before, but basically, since the seller cannot legally pay the [...]
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