Archive for February, 2009

White House Releases New “Foreclosure Plan”

February 18th, 2009
Three documents were released by the White House regarding the new “foreclosure plan” President Obama unveiled earlier today. 
Technically the name is the Homeowner Affordability and Stability Plan. The first document is a detailed summary of the provisions outlined by the administration today. The second document describes how the plan will [...]

Washington Report: Non-Repayable Tax Credit

A February 16, 2009 article from Realty Times begins:
“First time buyers will get an improved, higher, non-repayable version of last year’s repayable $7,500 tax credit under Congress’s massive $789 billion economic stimulus package.
That in turn should lead to 500,000 additional home sales this year …
more …