Archive for April, 2010
Canadian Loonie Reaches Parity with Our Greenback, What a Great Time to Buy Real Estate in Palm Springs
Friday, April 30th, 2010We have been speculating over this last year that the Canadian Dollar or Loonie would, at some point in the not too distant future, be at parity with the US Dollar. The stability of the conservative Canadian banking system, mostly untouched by toxic securities, was like a beacon in the night, and particularly this year, [...]
For Those Who Have Experienced a Short Sale
Tuesday, April 27th, 2010Fannie Mae recently released some new guidelines that have changed the waiting period for individuals who have had to sell their homes through a short sale, a pre-foreclosure or a Deed-In-Lieu of Foreclosure sale. Their old guideline specified that you would have to wait four (4) years before applying for a Fannie-Mae backed loan. The [...]
California Expands $10K Buyer Tax Credit
Wednesday, April 14th, 2010On March 25, 2010 a new law, AB 183, was signed by Gov. Arnold Schwarzenegger as a 2010 Tax Credit for new home / first time buyers; the law allocates $200 million to be used for tax credit incentives to homebuyers for homes purchased between May 1, 2010 and August 1, 2011. That’s twice the [...]