Larry "Fly" Young Brentwood Real Estate

The recently passed housing law contains a $7500 tax credit for first time buyers but it must be paid back over 15 years. In an  earlier post, prior to passage, I stated (wrongly) that the new law would allow buyer of properties a tax credit of $7500 ($500/year). First time home buyers can get a $7500 tax credit but must pay it back ...

  ********* CORRECTION*********  Read article at http://www.fairmark.com/news/08073001-homebuyer-credit.htm for more information on this credit....,.  Congress has passed the Housing and Economy Recovery Act of 2008 (HR3221) and President Bush has stated that he will sign.  One element of this bill is a ...

A Northern California bankruptcy judge recently ruled that a lender could not collect on a stated income mortgage loan even though the borrowers lied in their application.  Please click on the following link for additional information: http://www.bankrate.com/brm/story_content.asp?story_uid=25550&prodtype=mtg