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HUD Action Allows Home Buyers To Use $8,000 Tax Credit For Downpayments On FHA-Insured Loans
May 13, 2009 - HUD Secretary Shaun Donovan’s decision to allow consumers to use the $8,000 first-time home buyer tax credit to help cover their downpayment and closing costs on FHA-insured mortgages will be a big boost to the housing market, according to the National Association of Home Builders (NAHB).
“The biggest obstacle for first-time buyers is coming up with a downpayment,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. “We commend Secretary Donovan for acting decisively to enable buyers to access the tax credit at the time of closing. This will help to stimulate home sales, stabilize housing and get the economy back on track.”
The measures announced by HUD would allow FHA-approved lenders; federal, state and local government agencies; and FHA-approved non-profit organizations to supply home buyers short-term or “bridge loans” up to the amount of the $8,000 first-time home buyer tax credit.
Longer term loans secured by second liens can also be used by government agencies and FHA-approved non-profit organizations to facilitate home sales. Several state housing finance agencies have introduced such programs and a number of agencies are considering that possibility.
More information about these programs can be found on the National Council of State Housing Agencies Web site at www.ncsha.org/section.cfm/3/34/2920.
 When you are ready to buy a Dallas / Fort Worth home, sell your current home or expand your current real estate investments, call The Pamela Payne Team for quality service and devotion.
The Dallas / Fort Worth Area is a hot commodity despite the falling housing market crises. Pamela has helped people in locating and purchasing their dream homes valuing from $50,000 to $7,500,000
This oil-rich city is pumping millions of dollars into a new Dallas Center for the Performing Arts in the Arts District. When completed, the district will rank among the largest urban arts centers in the nation. Meanwhile, glamorous subterranean bars and edgy Asian restaurants are giving the city a cosmopolitan aura.
But when it comes to entertainment, its No. 1 attraction is still the Cowboys, especially when the new, $1.2 billion football stadium opens this year, featuring one of the largest retractable roofs and high-definition televisions in the world.
Find out more about all of my areas of expertise in real estate!  When It Comes To Jobs, Texas Rules!
Which is very, very good news for our real estate market. Forbes gives Texas high marks for having nine of the top U.S. cities for job growth, with San Antonio, Houston, Austin/Round Rock and Fort Worth having a healthy job growth rate. Believe it or not, McAllen is reported to have uber high job growth rate. Even though Dallas is not named, we can still benefit from being surrounded by cities in a state that generate more jobs than the national average Twitter or Tweet or Whatever you Call It!
This month I have a list of foreclosures for all areas of the Dallas, Fort Worth, Mansfield, Arlington and surrounding areas. E-mail me and let me know what citiies you are looking for a tweet deal in...did I really just write that lol
Meet Pamela Payne……A state of motivation in life, family, work and play at a level way above the average agent’s ability to perform. I focus on success and balance.Giving BackNever taking her success for granted, Pamela feels it’s important to give back to the community she loves. As a volunteer, she has helped several local charities and organizations. Not only does she sell houses, she helps the homeless through charity organizations, she prefers to do more of a “hands on” approach by personally delivering coats, blankets, food and clothing to families that are in need. Whether in her community, church or in her neighborhood, Pamela is known for lending a hand to others. Success in DetailIn all her endeavors, Pamela understands that details make the difference. But it’s in her career as a real estate professional where this organized businesswoman truly shines. Pamela’s ability to focus on the important details is what makes her one of the most successful professionals in Tarrant, Johnson, Dallas, Parker and Ellis counties. Pamela is a team player who truly cares about the needs and wants of her clients and works hard to help them find their perfect home or sell their current residence. Clients value her excellent follow-through, as well as her loyalty and commitment to their transaction. An Understanding ProfessionalBecause Pamela truly understands that details are important after 15 years of investing in Real Estate and 25 years as a licensed realtor, she carefully listens to what you’re looking for and then gathers all the necessary information you need to make the best decision. She has a superior understanding of the local market and has a good eye for spotting value in properties, she loves selling foreclosures and is an approved HUD agent as well as selling luxury homes, suburban, farms and ranches. Her state-of-the-art Web site and virtual home tours allow you to preview properties in the comfort of your own home or office, saving you valuable time. Pamela’s strong background in interior design and marketing helps you best showcase your home, translating into a quick sale for top dollar. Pamela Payne’s dedication to your goals is truly unparalleled.
If you would like more information on any of the fine properties she represents or would like a market evaluation of your property, call or e-mail Pamela for an appointment today. 817.360-7870 or paynekw@sbcglobal.net
Friday Report: Foreclosures Up, But Good Prognosis For Dallas Real Estate
Posted on April 17th, 2009 5:21pm by Candy Evans
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Great Expectations for Dallas-based CP&Y
Thanks to government stimulus funds, Pete Patel’s engineering and consulting firm is poised to benefit from a new emphasis on infrastructure.
by Jennifer Warren
Published 4.22.2009
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This Sexy Sundance Square Hot Spot Gets the Party Started
by Todd Johnson
Published 3.11.2009
From D CEO APR 2009
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