Hi trulia member; other/just looking San Ramon, CA:
Our California Association of Realtors is offering first time home buying seminars free webinars!
Go to http://www.carhaf.org
Call 213) 739-8380 for more information or complete information.
Totally Free. Agents and first time home buyers encouraged to sign up and apply.
This was announced in a newsletter by our C.A.R. President, James Liptak.
You may also be intereste dto learn aoubt the Mortgage Proection Program (MPP) established by the Californai Association of Realtors Housing Affordabiltiy Fund. (C.A.R.H.A.F.)
This provides fist time home buyers with up to $1,500 for up to 6 months to help make morgage payments if they are laid off. applicatins must be submitted by a California designated Realtor professional.
April 2nd 2009 the Housing Affordabiltiy fund launched a new program designed to provide peace of mind to first time home buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations. Qualifying buyers can receive up to $1500 a month for up to 6 months in event of job loss. a qualified co_buyer can receive a $750 benefit for up to six months to help pay the mortgage.
Existing plicies will not be affected. due to the change to the mortgage protection program effective August 1st, 2009 with the insurance provider the mortgage protective program no longer provides coverag in the event of accidental disabiltiy or a $10,000 death benefit. The new program enhancements include a reduced vesting period that begins effective the close of escrow so homebuyers can access policy sooner in event of job loss.
To Qualify: Buyer must be fist time homebuyer-somene who has not owned a property in the last three years-this includes the co-buyer.
Buyer must open escrow April 2, 2009 or later and close on or before December 31, 2009 purchase agreement cannot be dated before April 2, 2009.
buyer must use a California Realtor in the transaction.
Buyer must purchase property in California.
Buyer must be a W-2 employee ( cannot be self-employed)
For more information about the Califonria Asssociation of Realotrs Housing Affordabiltiy fund Mortgage Protection Plan see: www.mortgageoutreach.org
Also: HR2801 (H.O.M.E. Homeownership moves economy is a bill that will extend and expand this tax credit!
THE curently deadline to qualify for your $8,000 TAX FREE TAX CREDIT is DECEMBER 01, 2009 that means that you must take possession of your new home in NOVEMBER prior to DECEMBER 01, 2009. The typical escrow in our current economic market is taking 45 days to close escrow. That means that you will need to open escrow early enough to meet that need or forfiet your tax free money. At present there is no deadline, so you need to plan enough days for delays. THE new bill HR2801 IS AN EXTENSION WITH A NEW DEADLINE JANUARY 01, 2009! WE WILL NEED TO KEEP AN EYE OUT FOR THIS EXTENSIONS APPROVAL!