Comments on: Florida Mortgage Update: First-Time Home Buyer Tax Credit Extended to April 2010

By: First Time Buyer Mortgages

First Time Buyer Mortgages — Thu, 11 Nov 2010 07:24:31 +0000

Hey guys i am brownv, I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks =================== First Time Buyer Mortgages

By: First Time Buyer Mortgages

First Time Buyer Mortgages — Thu, 28 Oct 2010 00:07:24 +0000

Am, but I want to buy from Bulgaria and I am an EU citizen so I do not need a visa.
I do have a home that costs around 75,000 pounds and I can pay for 25% of that to get a mortgage.

I have a good credit rating but my brother and my mother with the help of Father / its mother / father has a bad history, they all want to buy now out of debt.
We also mother / father of the first down as many things as mobile phones have been afraid to ask a company and it’s a great thing.

I can not help on the web to buy abroad or to find any information. The stuff we never learned about my school (no, etc. GCSE school was crap and I failed a year every mosty as I found out later next year.)

I buy a home from Bulgaria and I how to pay for it, Britain is too expensive to move there and we all plan to stay living together with the help of my family can pay £ 25,000 savings ..
markjackson

By: Kevin Sandridge

Kevin Sandridge — Wed, 05 May 2010 13:38:32 +0000

Hey Deb – not for regular folks – but there is a huge extension for Military and Government Workers! See this post for details: http://www.floridamortgageblogger.com/2010/04/18/homebuyer-tax-credit-extended-for-military-foreign-service-and-intelligence-community-personnel/

By: Deb Hitchens

Deb Hitchens — Wed, 05 May 2010 09:52:00 +0000

Has this incentive been extended? I have heard “rumors” of another extension.

By: Kevin Sandridge

Kevin Sandridge — Thu, 29 Apr 2010 03:28:33 +0000

Hey Julie! I'm not a Realtor or an Attorney, but it is my understanding that you have a binding contract for a set time period with the understanding that you need third party approval (The Bank) in order to move forward. ------------------------ Update: I put this question out to my (LinkedIn Network , and this was the best answer I received. In a short sale, in CT, the buyer and seller are not under contract because of the third party approval, therefore, the buyer can back out without jeopardizing their deposit. With the new Home Affordable Forclosure Alternative program(HAFA) which was signed into law on April 5, 2010 by President Obama, we may see a stream lined process to doing a short sale. Historically, a short sale could take a long time to get approval, because if the package sent to the bank is not done right the bank will request more info, but the file goes to the bottom of the pile. With HAFA the owner, and/or their attorney, in conjunction with a REALTOR will contact the bank discuss current market value of the property BEFORE it goes on the market. The bank will provide a range that they will accept as payoff and the house is listed based on that value. Since the bank has already agreed to a value, once the contract is in place the third party approval should take short time. We'll see how that plays out, I have one in the process now. Link provided: http://www.realtor.org/government_affairs/short_sales_hafa

By: julie

julie — Thu, 29 Apr 2010 00:08:29 +0000

How does “under contract” play out in a short sale scenario with the buyer and seller agreed and waiting for the bank of the seller to agree as well? Does Florida recognize it as under contract with just buyer and seller?