Annapolis Real Estate - by Charles Kraus » Annapolis http://www.charleskraus.net Annapolis, MD Real Estate for Home Buyers and Sellers Wed, 14 Jul 2010 18:03:19 +0000 en hourly 1 http://wordpress.org/?v=3.0 Home Buyer Tax Credit Alert http://www.charleskraus.net/2010/02/24/home-buyer-tax-credit-alert/#utm_source=feed&utm_medium=feed&utm_campaign=feed http://www.charleskraus.net/2010/02/24/home-buyer-tax-credit-alert/#comments Wed, 24 Feb 2010 22:27:53 +0000 Charles Kraus http://www.charleskraus.net/?p=285 Annapolis, MD

Mortgage lenders facing increased regulation and revised paperwork required by the US Department of Housing and Urban Development (HUD) are advising potential home buyers that time is running short for the home buyer tax credits.

hgv-icn-sealFAQ – 1st Time Home Buyers

Qualified 1st time home buyers are eligible for a tax credit of up to $8,000 for a home that they are buying provided that they have entered into a binding contract on or before April 30, 2010. The buyer has until June 30, 2010 to complete the purchase or complete settlement on their purchase.

hgv-icn-sealFAQ – Repeat Home Buyers

Qualified Repeat Home Buyers are eligible for a tax credit of up to $6,500 for a home that they are buying provided that they have entered into a binding contract on or before April 30, 2010. The buyer has until June 30, 2010 to complete the purchase or complete settlement on their purchase.

The new Truth in Lending Act (TILA), new Good Faith Estimate (GFE) and HUD-1 Settlement forms, Real Estate Settlement Procedures Act regulations and the Fannie Mae Home Valuation Code of Conduct (HVCC) governing the appraisal process, are all industry changes affecting the time necessary for the mortgage lender to process and approve a mortgage loan. The amount of time necessary to complete a “clean” mortgage loan has risen to approximately 60 days. Complications could extend the amount of time significantly and place a buyer’s chances of meeting the timelines for the credit in jeopardy.

Therefore many lenders are advising buyers to enter into a binding contract to purchase a home by April 01, 2010. Be aware that every day of delay beyond April 01, 2010 increases the chances of failing to meet the timelines of qualifying for the tax credit.

Countdown Clock for 1st-Time Home Buyer Credit – www.homebuyertaxcredit.com

Charles Kraus, GRI – Associate Broker
Coldwell Banker Residential Brokerage
Annapolis, MD
(O): (800) 456-1996

]]> http://www.charleskraus.net/2010/02/24/home-buyer-tax-credit-alert/feed/ 0 552 Cross Creek Ct, Chester, MD 21619 http://www.charleskraus.net/2010/02/19/kent-island-md-4-br-colonial-for-sale/#utm_source=feed&utm_medium=feed&utm_campaign=feed http://www.charleskraus.net/2010/02/19/kent-island-md-4-br-colonial-for-sale/#comments Sat, 20 Feb 2010 02:01:20 +0000 Charles Kraus http://www.charleskraus.net/?p=273 For Sale: 552 Cross Creek Ct in Chester, MD 21619

For More Info: Click Here

]]> http://www.charleskraus.net/2010/02/19/kent-island-md-4-br-colonial-for-sale/feed/ 0 775 Valentine Rd, Crownsville, MD 21032 http://www.charleskraus.net/2010/01/26/annapolis-md-real-estate-listing-in-nearby-crownsville-md/#utm_source=feed&utm_medium=feed&utm_campaign=feed http://www.charleskraus.net/2010/01/26/annapolis-md-real-estate-listing-in-nearby-crownsville-md/#comments Tue, 26 Jan 2010 05:26:17 +0000 Charles Kraus http://www.charleskraus.net/?p=238 FOR SALE – 775 Valentine Drive in Herald Harbor, Crownsville, Maryland

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]]> http://www.charleskraus.net/2010/01/26/annapolis-md-real-estate-listing-in-nearby-crownsville-md/feed/ 1 HoweStreet.com Article Chronicles a Hedge Against the Coming Inflation – Real Estate http://www.charleskraus.net/2010/01/01/howestreet-com-article-chronicles-a-hedge-against-the-coming-inflation-real-estate/#utm_source=feed&utm_medium=feed&utm_campaign=feed http://www.charleskraus.net/2010/01/01/howestreet-com-article-chronicles-a-hedge-against-the-coming-inflation-real-estate/#comments Fri, 01 Jan 2010 18:19:10 +0000 Charles Kraus http://www.charleskraus.net/?p=232 Annapolis, MD – A recent HoweStreet.com article, The Debt Bomb, chronicles that one hedge against the coming inflation is to invest in real estate. Below is the link to the article:

HoweStreet.com – The Source for Market Opinions

]]> http://www.charleskraus.net/2010/01/01/howestreet-com-article-chronicles-a-hedge-against-the-coming-inflation-real-estate/feed/ 1 Annapolis Landscape TV – Experience Annapolis in HD Video http://www.charleskraus.net/2009/08/22/99/#utm_source=feed&utm_medium=feed&utm_campaign=feed http://www.charleskraus.net/2009/08/22/99/#comments Sun, 23 Aug 2009 02:56:09 +0000 Charles Kraus http://www.charleskraus.net/?p=99

Discover Annapolis Lifestyle by enjoying HD videos of the area. Experience Annapolis by visiting AnnapolisLandscape.TV !

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