05/29/2009 HUD Announcement Regarding $8,000 Tax Credit

Click the hyperlink below to read the HUD announcement regarding the use of the $8,000 tax credit at settlement toward the settlement costs for first time home buyers.
As with all financial decisions, be sure to consult with your financial and/or tax professional before making any decisions.
HUD Announcement

Financial Incentives and Uniform Process for Short Sales

May 14, 2009 – The Obama Administration acting upon the call from the National Association of Realtors, announced Financial Incentives and Uniform Process for Short Sales under its new Foreclosure Alternatives Program (FAP). The alternatives are meant for borrowers who do not qualify to have their loans modified on a permanent basis under the Making [...]