
April is Fair Housing Month!
Visit Saturday's Housing Fair, and download a FREE Pocket Guide to Fair Housing FAQs at NAR's
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Two Great Incentives Expire April 30.
Remind your clients of the $8,000 tax credit available for first-time homebuyers and $6,500 for homebuyers replacing their principal residence. But they must enter a binding contract by April 30, 2010 and close on the home by June 30, 2010. Details >>
Fannie Mae is also offering an incentive up to 3.5% of final sales price to buyers purchasing properties listed on HomePath.com and closing by April 30, 2010. Details >>
New Short Sales Rules Now Effective.
In early 2009, NAR urged the U.S. Treasury Department, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac to improve the short sales process. This resulted in the Home Affordable Foreclosure Alternatives (HAFA) Program, new guidelines and uniform forms.
All servicers must implement the new HAFA provision effective as of this Monday, April 5, 2010.
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