Hunter Paschall Real Estate Articles and Tips

 

Recovery plan to get our Economy back on track.
*Credit has stopped the flow of the economy.
95% of people will get a Tax cut April 1,2009.
1. New Lending Fund to give Auto Loans and Entrepreneurs a new start.
2. Launching a housing plan is to help the American people save their homes .Will not help speculation purchasers, people that bought homes they could not afford.
3. Helping the banks to create a new start to lending. The banks will be accountable for their bailout funds.
4. No more CEOs padding their paychecks or bank accounts.
5. The bailout is not about helping the banks but meant to help the American people and regain their confidence in the economy.
6. Health care costs have caused millions of Americans to go into Bankruptcy.
7. Health care reform is on its way per President Obama.
8. Education plan is on the rise, taking care of our young and upcoming generation.
9. If you make $250,000 or less a year your taxes will not increase a single dime.
10. Tax cuts of 95% for working families and the checks are on the way.

This is what I heard from the President Obama's Address.
What are your thoughts?
Hunter Paschall

 

 

The $787 Billion Stimulus Plan is signed and sealed with tax cuts and spending programs to help revive the US economy.
The package was scaled down from nearly 1 Trillion $ and stands as the largest anti-recession effort since World War !!.
What does this do for homeowners and home buyers? They stand to gain key provisions in this plan.
Let me show you how.

Home Buyers Tax Credit
First-time home buyers who purchase homes until the end of November 2009 may be eligible for a $8,000 or 10% of the value of the home tax credit. For couples with incomes above $150,000 and single filers with incomes above $75,000 the tax credit starts phasing out. Buyers will have to repay the credit if they sell their homes within three years. This is not a tax deduction which only reduces your taxable income. This is a tax credit which is equivalent to money in your hand.

Energy Savings and Green Jobs with Tax Incentives
By extending and expanding tax credits through 2010 for purchases such as new furnaces, energy-efficient windows and doors, or insulation this will help to help promote energy-efficient investments in homes.

Energy Savings Landmark
$5 Billion for energy efficient improvements that can help modest-income families save an average of $350 a year on heating and air conditioning bills according to some estimates.

Making Key Energy Efficiency Retrofits To HUD-Assisted Housing and Repairing Public Housing
$6.3 Billion being offered for increasing energy efficiency in federally supported housing programs.It establishes a new program to upgrade HUD-sponsored low-income housing (for elderly, disabled, and Section 8) to increase energy efficiency, including new insulation, windows, and frames.

Expanding Housing Assistance
Support for several critical housing programs with $2 Billion for the Neighborhood Stabilization Program to help communities purchase and rehabilitate foreclosed, vacant properties.

More Help for Homeowners in the Future
President Obama is looking to spend approximately $50 Billion to directly help homeowners before they face foreclosure and financial disaster. This will also help borrowers who are struggling to stay afloat, but who have not yet fallen behind on their payments. This is good for individual homeowners, it will likely be good for the housing industry as a whole, because, assisting struggling borrowers before they default should help stop the wave of foreclosures, which are estimated to top two million this year. That, in turn, will help stabilize home prices.

To Your Success,

Hunter Paschall
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Orlando is one of the leading metro areas in Florida for single-family-home resales and Fannie Mae is testing a  program in Orlando to speed up short sales that will cut through the months and months until you get an answer back.

How are they doing this? By streamlining the process to get all the research on a property and all the necessary clearances done in advance.

The pilot program, which began in late December, also is under way in Phoenix. During the next few months, the pilot program could be extended and expanded, and that will probably prompt other lenders to develop similar fast-track programs.

Lenders will see finally that they need to cut their losses and move forward a little faster and we will be able to take advantage of the quicker response for our buyers. It means we will be able to close more deals in 2009 and create a lot more income.

All change is good in this market and we need all the help we can get. Hats off to Fannie Mae because they have already dropped their ratios of net value that they will receive on a deal. Another great option open is to capitalize on all the great incentives the banks are offering to.

The Fannie Mae pilot program will also include some listings in Polk, Hillsborough, southern Pasco, Manatee, Sarasota and Charlotte counties.

To Your Success
 
Hunter Paschall