Home Buyer Tax Credit Closings Extended To October 1
June 22, 2010 by John Abry · Leave a Comment
Senator Patrick Leahy’s office has announced that the deadline for closings for those who took advantage of the Home Buyer Tax Credit has been extended until October 1. This would allow only those contracts that were signed before April 30 to have time to close. Commenting on the Senate Vote, Sen. Leahy stated, “The homebuyers [...]
FHA Lending Policies Changing Again
January 25, 2010 by John Abry · Leave a Comment
Mortgage rules and guidelines continue to change almost daily. The following FHA announcement was just emailed to me by mortgage broker Rose Marie Ryea at Mortgage Financial Services. New Lending Policies Announced by FHA If you were listening to the housing news last week, you probably heard a number of reports about lending changes that [...]
Local Realtor Commits To Helping Homeowners In Danger Of Foreclosure
October 29, 2009 by John Abry · Leave a Comment
The following is a “reprint” of a press release promoting John Abry’s recent designation: John Abry, a licensed real estate broker at REMAX North Professionals, has earned the Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. A CDPE is a real estate professional with specific understanding of the complex [...]
Pending home sales on a record roll
September 29, 2009 by John Abry · Leave a Comment
Contract activity for pending home sales nationally has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a [...]
Revised Truth In Lending Act Disclosure requirements now in effect
August 18, 2009 by John Abry · Leave a Comment
Mortgage lenders will be subject to new disclosure requirements for mortgage loans under the Federal Reserve Board Truth in Lending Act (TILA) Regulation (Reg Z). The new requirements apply to loan applications filed on or after July 30, 2009 (about two months earlier than originally planned) are complex and compliance will be a challenge for [...]
Vermont continues to have by far the lowest foreclosure rate in US
July 17, 2009 by John Abry · Leave a Comment
Once again the Green Mountain State stands out from the crowd: “A national rating firm has once again ranked Vermont as having the lowest home foreclosure rate in the nation, based on second quarter and year-to-date numbers. Vermont has both the fewest foreclosures over the first half of the year and the lowest rate as [...]
New Vermont Capital Gains Tax Changes
June 15, 2009 by John Abry · Leave a Comment
This information could prove very important to anyone currently trying to sell property affected by this change: As the 2009 Legislative session came to a close lawmakers in Montpelier made some changes in tax policy that will significantly impact the real estate industry in Vermont. Specifically a change to the capital gains tax. Currently, and [...]
$8,000.00 tax federal credit
April 17, 2009 by John Abry · Leave a Comment
What’s amazing is the number of people who are still not aware of the tax credit. Lots of people don’t understand that this is real money that will either come back to them in the form of a refund or be deducted off the bottom line of their tax bill. Let’s not let this money [...]