June 2010 
There are 1 blog entries for June 2010.
Tax Credit Deadline Extended for those In Contract
Wednesday, June 16th, 2010 at 11:05am. 733 Views, 0 Comments.
GREAT news for any first time buyer who is in contract but may not close by the June 30th deadline. The deadline has been EXTENDED to September 30th! To be clear...this is NOT for those who are not already in escrow on a property. However if you are currently in escrow on a property and you were otherwise eligible for the tax credit, you now have until Sept 30th to close and still be eligible.
CORRECTION!!! 6-30-10
I just learned that I was given some incomplete information about the tax credit. The situation is that there is a Bill that has passed the house but not the senate, which would in fact extend the deadline for closing until 9-30-10. So it's not for sure yet that it will be extended, but there is a good chance it will be.
The Oakland Real Estate Market is HOT
I'm happy to say, that there is definitely a significant increase in activity compared to this time last year. Multiple offer... Add Comment Read MoreShort Sale Debt Cancellation Set to Go Away
Originally, when you did a short sale you were taxed on the amount that you were forgiven by the lender. This was a seri... 13Comments Read MoreChanges To FHA Mortgage Insurance Premium
The Federal Housing Administration recently announced an increase in the upfront Mortgage Insurance Premium. Mortgage insuran... 4Comments Read More
