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Tips for Sellers : Jen Hudson’s Blog
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Archive for the 'Tips for Sellers' Category

Senate approves tax credit extension. Now, let’s hope the house does too!

Jen Hudson -

The Senate has approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.
The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. […]

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USDA Rural Housing Funding Update

Jen Hudson -

USDA Rural Housing Funding
On May 26, Department of Agriculture Secretary Tom Vilsack, authorized the issuance of Conditional Commitments for USDA’s Section 502 Single Family Housing Guaranteed Loan Program beginning immediately and continuing until $2.5 billion in loan limits is exhausted. The decision to increase the commitment authority will provide the guarantees needed to assist rural […]

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Housing Recovery Starts in 2011, Says Panel of Industry Experts.

Jen Hudson -

Housing Recovery Starts in 2011, Says Panel of Industry Experts.  05/21/2010 By: Carrie Bay
The housing recovery is just around the corner – at least that’s the consensus among a panel of 92 well-known industry economists and analysts.
The Madison, New Jersey-based analytics firm MacroMarkets LLC, founded by Robert Shiller, real estate sage and father of the […]

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Did You Know? You might pay health care tax on your house sale.

Jen Hudson -

Did You Know?
For individuals making over $200,000 and couples making over $250,000, you may be subject to a new health care tax of 3.8% on your primary residence if you decide to sell it.  The new investment tax is thanks to the newly imposed health care bill.  If the proceeds on your sale top the […]

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Distressed Sales on the Rise Again.

Jen Hudson -

Distressed Sales Again on the Rise, Reaching 29% in January and Nearly 1 Million Distressed Sales During the Last Year

CoreLogic  released its first monthly report on distressed sales activity. The report below indicates
that distressed home sales – such as short sales and real estate owned (REO) sales – accounted for 29 percent of all sales in […]

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CAPITAL GAIN TAX INCREASES ARE COMING!

Jen Hudson -

The following article is courtesy Ken Tharp with Iowa Equity Exchange.  To read the entire article, please visit http://www.iowaequityexchange.com/Page.aspx/52.

Apr 9, 2010
Look out ahead, folks! The combination of two upcoming changes to federal capital gain taxes will have a tremendous impact on those of us who own land, invest in real estate, own stocks […]

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Bank of America Sued by Homeowners for Withholding Federal Bailout Funds

Jen Hudson -

SEATTLE, March 23 /PRNewswire/ — Washington homeowners today sued Bank of America (NYSE: BAC) claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure, say attorneys with Hagens Berman Sobol Shapiro.
(Logo:  http://www.newscom.com/cgi-bin/prnh/20080317/AQM144LOGO)
The case, filed in U.S. District Court, claims that Bank of America systematically slows or […]

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HUD Takes Action to Speed Resale.

Jen Hudson -

Hopefully, this will be great new for buyers, sellers & community values!
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help bring stability to home values and accelerate sale of vacant properties
WASHINGTON - In an effort to stabilize home values and improve conditions in communities where foreclosure […]

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Short Sale Scams Continue… at the bank level.

Jen Hudson -

Below is a link to a story that was recently run on CNBC.  This goes into a little more detail about how the short sale scams are continuing… only at the banking level… and it’s putting our homeowners in a very difficult situation.  Frankly, this story is disgusting, yet something we are continuing to see […]

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News that effects us all! FEMA has changed the flood maps.

Jen Hudson -

News that effects us all!  FEMA has changed the flood maps.
The Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) are updating flood hazard maps across the country. These new flood maps, also, known as Digital Flood Insurance Rate Maps (DFIRMs), show flood risk at a property-by-property level. Changing weather patterns, erosion, […]

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