Time is running out on the 1st Time Homebuyer credit; must be in contract by April 30th.

If you are wanting to use the Federal Tax Credit to buy a home, time is running out. You need to be in contract by April 30, 2010 and close on THAT home by July 1, 2010.
CLICK HERE FOR FULL DETAILS.

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Frequently Asked Questions About the Home Buyer Tax Credit

With the $8,000 tax credit ending soon and the Ramona Real Estate Market heating up it’s important to know your information BEFORE looking for your new home. FAMILY TAX CREDIT
CLICK HERE FOR ENTIRE Q&A FROM OUR FEDERAL GOVERNMENT WEBSITE.

FIRST TIME HOMEBUYERS:FREE MORTGAGE PROTECTION IF YOU LOSE YOUR JOB

DEADLINE: HOME MUST CLOSE BY DECEMBER 31, 2009.
AND YOU MUST USE A REALTOR TO REPRESENT YOU IN THE PURCHASE OF YOUR HOME.
Call Regina Flores for details: #760.788.0721

Take advantage of the C.A.R. Housing Affordability Fund’s Mortgage Protection Program. The program was developed to help address first-time home buyers’ concerns about potential job loss and how such a loss would impact their ability to make their mortgage payment. Through the Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for up to six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months.

Best of all, this program is totally free to you and your clients through C.A.R.H.A.F.,
• To qualify for the Mortgage Protection Program, Applicants must:

. • Be a first-time home buyer – someone who has not owned
property in the last three years (includes co-buyer).
• Open escrow April 2, 2009, or later, and close on or before
Dec. 31, 2009 (purchase agreement cannot be dated before April 2, 2009)
• • Use a California REALTOR® in the transaction
• Purchase the property in California
• Be a W-2 employee (cannot be self-employed)

Information provided by CA Association of REALTORS-