Monday, March 22, 2010
Tuesday, March 16, 2010
Inland Valleys Association of Realtors® March Housing Trends eNewsletter
Inland Valleys Association of Realtors® March Housing Trends eNewsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
Please click here to view the MARCH-2010 Newsletter Housing Trends eNewsletter.
If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.
Friday, March 12, 2010
Home Buyer Tax Credit Options
Buyers purchasing in 2010 will have an option...
1.Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract by April 30, 2010 and close by July 1, 2010.
2. Decide whether to:
•• apply the credit to your 2009 tax return, filed on or before April 15, 2010;
•• file an amended 2009 return; or,
•• apply the credit on your 2010 return, filed on or before April 15, 2011.
3.Attach documentation of purchase to your return.
Documentation of Purchase
Details concerning the precise documents required to confirm your purchase have not yet been released. When this information becomes available, we will include instructions and links to the appropriate forms.
When to Apply the Credit
Buyers purchasing homes on or before December 31, 2009 may claim the credit on their 2009 tax returns.
Buyers purchasing in 2010 will have the option to:
•• Claim the credit on their 2009 return, even if the purchase is completed after December 31, 2009;
•• File an amended return for 2009 if their purchase is completed after April 15, 2010; or,
•• Claim the credit on their 2010 tax returns.
1.Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract by April 30, 2010 and close by July 1, 2010.
2. Decide whether to:
•• apply the credit to your 2009 tax return, filed on or before April 15, 2010;
•• file an amended 2009 return; or,
•• apply the credit on your 2010 return, filed on or before April 15, 2011.
3.Attach documentation of purchase to your return.
Documentation of Purchase
Details concerning the precise documents required to confirm your purchase have not yet been released. When this information becomes available, we will include instructions and links to the appropriate forms.
When to Apply the Credit
Buyers purchasing homes on or before December 31, 2009 may claim the credit on their 2009 tax returns.
Buyers purchasing in 2010 will have the option to:
•• Claim the credit on their 2009 return, even if the purchase is completed after December 31, 2009;
•• File an amended return for 2009 if their purchase is completed after April 15, 2010; or,
•• Claim the credit on their 2010 tax returns.
Wednesday, March 10, 2010
Upgrade to zipForm® 6 today! IT'S FREE! Don't forget ePUBS™
Upgrade to zipForm® 6 today. IT'S FREE!
If you haven’t already done so, make time today to take advantage of your free upgrade to zipForm® 6 and free access to the ePUBS™ for zipForm® 6 library. zipForm® 6 is available in two versions: zipForm® ...6 Professional (formerly WINForms Online®) and zipForm® 6 Standard (formerly WINForms Desktop®). Members can upgrade to either zipForm® 6 Professional or zipForm® 6 Standard for free. zipForm® 6 Professional enables users to automatically import their existing transactions, and allows users to work online from any computer. zipForm® 6 Standard allows users to choose to import all previously saved transactions from WINForms® Desktop to zipForm® 6 Standard. Click here for zipForm® 6 download information. Once upgraded to zipForm® 6, members will have free access to the ePUBS™ for zipForm® 6 library, which includes a digitized version of the Combined Hazards Book and other consumer disclosure titles. Click here for step-by-step directions on downloading and accessing the ePUBS™ for zipForm® 6 library.
Tuesday, March 9, 2010
DocuSign partner with NAR's REALTOR Benifits® Program released today!
DocuSign part of NAR's REALTOR Beneifits® Program is launched today! Available to all NAR members at 20% off retail... Read More at http://www.realtor.org/realtor_benefits/benefits_partners/docusign
Monday, March 8, 2010
NYT - Program Will Pay Homeowners to Sell at a Loss
By DAVID STREITFELD
Published: March 7, 2010
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions.
More than five million households are behind on their mortgages and risk foreclosure. The government’s $75 billion mortgage modification plan has helped only a small slice of them. Consumer advocates, economists and even some banking industry representatives say much more needs to be done.
Monday, March 1, 2010
RESPA - explaining how HUD's guidance affects Realtors
“The commission may be determined using a flat fee, a percentage of the sales price, or a combination of these methods.”
The Real Estate Settlement Procedures Act (RESPA) was enacted in 1974 to provide consumers with improved disclosures of settlement costs and to reduce the costs of closing by the elimination of referral fees and kickbacks. Through the years, the Department of Housing and Urban Development (HUD) has issued regulations and policy statements to provide RESPA guidance to industry and consumers alike.
On November 17, 2008, HUD published a new final rule “To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs.” The rule mandates use of a new Good Faith Estimate (GFE) and HUD-1 which went into effect on January 1, 2010.
To read more... Click title above.
The Real Estate Settlement Procedures Act (RESPA) was enacted in 1974 to provide consumers with improved disclosures of settlement costs and to reduce the costs of closing by the elimination of referral fees and kickbacks. Through the years, the Department of Housing and Urban Development (HUD) has issued regulations and policy statements to provide RESPA guidance to industry and consumers alike.
On November 17, 2008, HUD published a new final rule “To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs.” The rule mandates use of a new Good Faith Estimate (GFE) and HUD-1 which went into effect on January 1, 2010.
To read more... Click title above.
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