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 ...

The Department of Housing and Urban Development (HUD) has re-issued a proposed rule which would threaten the opportunity for low to moderate income families to access downpayment assistance by eliminating all private downpayment assistance programs. The public comment period ends August 15, 2008. "Preserve private downpayment assistance ...

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 ...

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 

The following link is to a news story ran on the local FOX station (KTVU-1) on a short sale I completed recently in Antioch. http://www.ktvu.com/video/16122798/index.html