WHAT'S THE BEST and MOST TIMELY SOURCE OF ACCURATE REAL ESTATE NEWS???
How can we determine the accuracy of news reports? How can we know when to believe what we hear??
From Secretary of HUD Donovan's address to the NAR"
"We all want to enable FHA consumers to access the tax credit funds when they close on their home loans so that the cash can be used as a downpayment. So FHA will permit trusted FHA-approved lenders and HUD-approved nonprofits, as well as state and local governmental entities to "monetize" the tax credit through short-term bridge loans. We think the policy is a real win for everyone, ensuring that borrowers can tap into the numerous organizations that are already part of the FHA network to receive this additional benefit. FHA will be publishing the details shortly". Realtor.org.
Perhaps we'll learn the meaning of the word "shortly".
A GOOGLE SEARCH today, May 16, 2009 at about 6:30 a.m. for NEWS: Notice that the first result is from NAR.
Search query: "HUD to permit lenders to monetize $8000 tax credit".
Results 1 - 10 of about 472 for hud TO PERMIT LENDERS TO MONETIZE $8000 TAX CREDIT. (0.20 seconds)
SERP:
HUD Secretary Announces Monetization of Tax Credit at NAR Real ...
- 2:26am HUD Secretary Announces Monetization of Tax Credit at NAR Real Estate Summit ... to permit its lenders to allow homeowners to use the $8000 tax credit as a ...www.realtor.org/press_room/news_releases/2009/05/re_summit - 17k - Cached - Similar pages -
HUD Secretary: FHA Borrowers Soon Can Use $8000 Tax Credit at ...
So FHA will permit trusted FHA-approved lenders and HUD-approved nonprofits, as well as state and local governmental entities to "monetize" the tax credit ...www.builderonline.com/mortgages-and-banking/hud-secretary-fha-borrowers-soon-can-use-8000-tax-credit-at-closing... - 96k - Cached - Similar pages -
FHA To Allow "Monetization" of $8000 First Time Home Buyer Tax Credit
So FHA will permit trusted FHA-approved lenders and HUD-approved nonprofits .... Tagged with: $8000 tax credit· fha down payment assistance ...
fhaloanadvice.com/fha-to-allow-monetization-of-8000-first-time-home-buyer-tax-credit/ - 47k - Cached - Similar pages -
HUD now allows $8000 tax credit to be used as down payment ...
- 2:27am May 13, 2009 ... to permit its lenders to allow homeowners to use the $8000 tax. ... approved lenders will be permitted to "monetize" the tax credit ...www.mycentraljersey.com/article/20090513/LIFE03/90513022/-1/HOMESCAPE98 - 71k - Cached - Similar pages -
REMINDED ME OF THE 59TH STREET BRIDGE SONG.
"Slow down you move too fast".
We're anxious to get the word about good financing news out to our sphere. However, sometimes it pays to just. . . .
"Slow down you move too fast. Got to make the morning last".
Or, as a former President of the United States once said.
"Trust, but verify".
Words to live by.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.
