$15,000 Tax Credit For Home Buyers – Eisodep 214 – …
November 17th, 2009 | by admin |
$15,000 Tax Credit For Home Buyers – Eisodep 214 – AllAboutRealEstate.pro – Things you should know about new amendment to the economic stimulus package. Property values are down across the US. According to recent figures released February 4th 2009 by the National Association of Realtors (NAR) property values lost ground in the past 12 months, sighting a net property value depreciation of… Distributed by Tubemogul.
Duration : 0:7:7
[youtube 1gBT2y2LVbU]
13 Responses to “$15,000 Tax Credit For Home Buyers – Eisodep 214 – …”
By G2sLapTop on Nov 17, 2009 | Reply
Short sale homes …
Short sale homes are traditionally in much better condition when compared to a foreclosed property. Short Sales vs. Foreclosure is simply a win-win for everyone. Although I would agree with you that the best alternative would be to help the home owner stay in and keep their home, but when that option is simply NOT an option; a Short Sale could well be the better of all the other alternatives.
Thanks again for your comments. G-II
By G2sLapTop on Nov 17, 2009 | Reply
Short Sale …
Short Sale Transactions provide a chance to resolve the current state of the owners home loan. We are not trying to be selfish. We are trying to help both, the tax payer who is footing the bill for the bank bail outs and, at the end of the day, a short sale may be a much better alternative for home owners over other alternatives such as judicial foreclosure, non-judicial foreclosure or deed-in-lieu, all while helping preserve the value of neighborhoods.
By G2sLapTop on Nov 17, 2009 | Reply
The short sale …
The short sale provides the lien holder an opportunity for the lien holders and their investors to eliminate the need to expense additional funds on a foreclosure procedure, possible eviction action of the home owner and/or homeless vagrant squatters, loss prevention/security, maintenance, repairs, H.O.A. dues, cost of sale and other internal fees that could well impact reserves required under federal banking regulations to be maintained by your investor.
By G2sLapTop on Nov 17, 2009 | Reply
YOU CLOSED WITH: …
YOU CLOSED WITH: That too forces property values down. What you are saying, hidden in you southern charm delivery, appears to be very, very selfish especially if you still advocate short sales…..either way…the homeowner get screwed
Actually your Intel is incorrect. Short sale transactions sell for as much as full MARKET value to just a bit below MARKET value. Such transactions can save banks additional costs that center on the foreclosure process.
By G2sLapTop on Nov 17, 2009 | Reply
If were going to be …
If were going to be dragged into this swamp of bail out fever, why not do all we can to force congress to force lien holders to practice practical and responsible loss mitigation instead of simply throwing more and more money at the same failed policies that lead to the down fall of the lending industry in the first place?
By G2sLapTop on Nov 17, 2009 | Reply
Now doesnt it make …
Now doesnt it make more sense to urge lien holders to work toward responsible loss mitigation rather than take their usual, stubborn approach and foreclose on the property? Look, we, the people of the United States, have already been pillaged by our congressional leaders by TARP 1, TARP 2, AUTO MOTIVE BAIL OUTS and we are assured that TARP 3 is on its way.
By G2sLapTop on Nov 17, 2009 | Reply
In our opinion, …
In our opinion, thats simply foolishness on the part of any lien holder. Why should the tax money of US Citizens be spent on banks foolish and stubborn approach to loss mitigation when such stupidity does nothing to help get their balance sheets into the black. If lien holders would work more diligently to approve short sale transactions, they could cut the potential losses by as much as 50%.
By G2sLapTop on Nov 17, 2009 | Reply
Nevertheless, this …
Nevertheless, this is exactly what happens each time a bank forecloses on a property. To add to the idiocy, when the bank then has to sell the foreclosed property, the property traditionally sells for as much as 30% below MARKET value with an average of about 20% MARKET. Keep in mind that BELOW MARKET does not necessarily mean below list/asking price but rather below what the retail market value of the property is.
By G2sLapTop on Nov 17, 2009 | Reply
We suggest that the …
We suggest that the feds have already taken our tax dollars to dole out to banks to short up their asset base and yet, each time a bank forecloses on a property, the asset base and financial reserves, required under federal banking regulations, are depleted. Banks, as we all know, are not in the business to own real estate.
By G2sLapTop on Nov 17, 2009 | Reply
Hello Brent and …
Hello Brent and thank you for commenting on our video. Of course by now, we all know that the $15,000 tax credit was reduced to $8,000. In any event the conceptual math is still relevant.
Now to the point of your post; You asked, If we must stop the tsunami of foreclosure that drive home values down, then why do you advocate short sales that allow you and your clients to buy below market We advocate short sale, over foreclosure.
By TheBeatSmith on Nov 17, 2009 | Reply
If we must stop the …
If we must stop the tsunami of foreclosure that drive home values down, then why do you advocate short sales that allow you and your clients to buy below market. That too forces property values down. What you are saying, hidden in you southern charm delivery, appears to be very very selfish especially if you still advocate shortsales…..either way…the homeowner get screwed….I no longer buy foreclosed, shortsale property….It’s cannalbalism……
By gbbengals on Nov 17, 2009 | Reply
This is from today. …
This is from today….. doesn’t look like we will get the $15,000 but I will be ecstatic with the $7500 if I never have to pay it back…….
Enlarge By Jim Young, Reuters
Excerpt from article
-Baucus had said earlier that $35.5 billion to provide a $15,000 homebuyer tax credit, approved in the Senate last week, would be cut back. There was also pressure to reduce a Senate-passed tax break for new car buyers, according to Democratic officials.-
By gvideos4u on Nov 17, 2009 | Reply
Good presentation. …
Good presentation. And good information about the $15,000 credit. I guess like so many things in life, there’s the story and then there’s the rest of the story. Thank you for taking the time to post!