2009 Homebuyer Tax Credit
Homebuyers, there has never been a better time to purchase a home as a first time buyer!! The homebuyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed by President Obama into law on Feb. 17, 2009. 

The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser. In addition to this tax credit, you will also take advantage of the lowest interest rate terms EVER!! Call today to discuss a plan of action for 2009! 

General Montgomery Day in Montgomery New York
Every year, the Village of Montgomery honors history with a celebration in the month of September on what is known as "General Montgomery Day". This year, the celebration begins at 7 am on September 12th . It is at this time the this village comes together as a community to meet and greet, sell their wares and have some fun with the 8K race and the soap box derby. The day end with fireworks at the village park and every year has been spectacular!
 

FINANCING OPPORTUNITIES AVAILABLE FOR FIRST TIME BUYERS 

USDA
No, It's not about beef! It's about Rural Housing Service – The bill provides an additional $500 million to existing USDA Rural Housing programs. The RHS provides both a guaranteed loan program and a direct housing loan program for those meeting the program’s eligibility criteria. The direct loan program will receive $270 million while $230 million will be allocated for unsubsidized guaranteed loans. It has been reported that this level of funding would provide for an additional 192,000 homeowners. Get information on whether or not you are one of those 192,000 possible home owners! 

NACA
Have you heard of NACA-(Neighborhood Assistance Corporation of America)?
Would you like to obtain a mortgage with the lowest interest rate possible in today's market?
Then call me today about NACA.
NACA makes your mortgage payment affordable. Any home buyer can purchase a home thru NACA with low interest rate, no downpayment and no closing costs. NACA has over $10 billion in mortgage commitments for working people to purchase homes on the best terms anywhere with one mortgage product for all homebuyers The Lowest Interest Rate: one-percent below market rate for a conventional “A” credit loan with the below incredible terms:
no down payment, no closing costs, no application fees, no private mortgage insurance, no requirement for perfect credit. Call today for more details!
(Keller Williams Realty and NACA are not affliated. This is a mortgage product that is being recommended by this individual real estate broker associate. Call TODAY for details and to get registered for the program). 

BANK OWNED properties are a great opportunity for the first time buyer to get into a sold property paying a lot less. However, if you are not that savvy with the loan programs available for "distressed properties", it may not be such a good idea. There are over 100 of such properties currently on the market in Orange County, Rockland County, Sullivan County, Ulster County and Dutchess County, These properties are being purchased by smart buyers who have realized the trend. No one has a crystal ball to know when this trend will end, so the time to move is NOW! Strike while the iron is hot!