Catherine Nesset's Real Estate News

Some exciting news announced regarding homebuyers accessing the $8000
tax credit up front for use with down-payment / closing costs!! We
should know more about the "HOW TO" aspect of applying this $8000 via a
bridge loan in the coming days. But for now know a solution is coming.

"HUD Secretary Announces Monetization of Tax Credit at NAR Real Estate
Summit
WASHINGTON (May 12, 2009) - Shaun Donovan, secretary of the U.S.
Department of Housing and Urban Development, said that the Federal
Housing Administration is going to permit its lenders to allow
homeowners to use the $8,000 tax credit as a downpaypment."

Kelli Harris

Coldwell Banker Home Loans

678-984-7304