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  • Correction - $7500 Tax Credit Is Really a Loan.....

    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 ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on August 7, 2008
  • TAX CREDIT FOR NEW HOME BUYERS - Housing & Economy Recovery Act

      ********* 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 ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on July 28, 2008
  • Has East Contra Costa Seen The Worse Yet?

    A recently published article in the Brentwood Press is amongst the first signs that our media is beginning report that Brentwood and East County may be through the worse part of this market and some of the results of the planning by Brentwood's elected officials. You can read the article at ...
    Posted to Larry "Fly" Young (Weblog) by 535549 on June 21, 2008
  • Bankruptcy Judge Denies Lenders Right to Collect on Stated Income Debt

    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 
    Posted to Larry "Fly" Young (Weblog) by 535549 on June 4, 2008