Thursday, July 31, 2008

Legislative News & Updates - Buy a Home & Get $7500 Tax Credit

After, the House and Senate passed H.R. 3221, the "Housing and Economic Recovery Act of 2008", President Bush signed the legislation into law on Wednesday, July 30. This legislation contains a number of victories for REALTORS® and American homeowners including GSE reform, FHA reform, permanent loan limit increases, and a $7500 homeowner tax credit which went into effect immediately upon the President's signature. This bill will help homeowners facing foreclosure find ways to refinance, and will help strengthen mortgage markets Click here to Read more...

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