Add a comment | Wednesday, April 22, 2009
Foreclosure Moratorium…What It Could Mean to You! It is expected that more than 80,000 foreclosed homes will be hitting our markets soon. No one knows exactly when…
In January as an effort to stimulate the housing market, a moratorium was placed on foreclosures by the Obama Administration. As of April 2009, the moratorium has ended. What does this mean to you? It depends on your personal situation.
For Some It Could Mean:
- Opportunities to buy your first home, second home or investment properties at “artificially” low interest rates.
- $8,000 Government rebate on your taxes if you are a first-time homebuyer with qualifying income and purchase prior to 12.31.09.
For Others It Could Mean:
- Making your last efforts to modify your current home loan.
How You Might Get Help:
- If you are in default and you currently have a Countrywide Home loan, they have just released a product that might help you refinance your property. It requires NO income documentation as long as you are employed!
- If you are looking to buy homes at these low rates, for investment, primary residence or second home, you can receive up-to-the-minute reports on every bank owned property in the areas & price range of your choice.
