Bank owned home! Fresh paing and carpet. Great north facing home with pool. 4 bed, 2.5 bath. Formal living room & formal dining room. Beautiful hardwood floors on main level. Tiled kitchen w/ huge pantry. 3rd car garage has been converted to a large tiled office w/ separate A/C, built in custom cabinets, desk & ceiling fan. This property is approved for HomePath financing and HomePath Renovation. HomePath 3.5% incentive towards closing costs and appliances.

Great home for a great price! 3 bedroom with 2 bathrooms. Tile and wood thru out. Pool in backyard! *All offers are contingent upon an agreement between the seller and the seller's lender(s), acceptable to both, to sell the premises for less than the seller's loan amount(s) and payoffs.

Bank Owned!! Brand New Kitchen and appliances! 3 bedroom with 2.5 bathrooms. Home is in great condition!

 Bank Owned Home! 4 berooms, 3 bathrooms with a loft upstairs. This home is in great shape!

This is a bank owned home in great shape. 3 bedroom with 2 bathrooms. Tile and carpet thru out home.

Bank Owned!! Four bedrooms with two bathrooms. Two car garage with covered patio. Home is in great shape!

This is a great bank owned home! 4 bedrooms, 3 bathrooms and a Den. Kitchen over looking the living room. Covered patio in the backyard. 2 car electric garage. All appliances in home.

4 Bed/2 Bath .Pool in Backyard. Needs Repairs. Only Cash Offers. *All offers are contiguent upon agreement betweeen the seller and the seller's lender(s),acceptable to both ,to sell the premises for less then the seller's loan amount(s)and payoffs.

5 bdrms and 2 bthrms . Tile/Carpet thru out. Both Master bathrm and guest bathroom have been remodeled with full tile showers. Home has fresh paint on the exterior . Big lot w/ rv gate . * All offers are contingent upon an agreement between the seller and the seller's lender(s), acceptable to both , to sell the premises for less than the seller's loan amount(s) and

Great 4 bedroom 2.5 bath home. Backyard has scenic view and a pool and jacuzzi

If you have not owned a home in three years, you qualify as a first time home buyer. If you buy a home after April 9, 2008 and before July 1, 2009, you qualify for this credit. Call your friends who just bought a home since April 9th and tell them they may take $7,500 off their tax bill if they qualify. It has to be your principal residence, so rentals do not count.

The tax credit is 10% of the cost of the home, up to a maximum of $7,500. This is not an additional deduction that lowers the amount of income to be taxed, it is a tax credit. In other words, you take $7,500 off your tax bill. But there is a catch; the credit you receive now is actually an interest-free loan that must be repaid.

The loan has no interest, and will be paid back over 15 years. You get the credit on your 2008 taxes, but you start paying it back on your 2010 taxes that are due in 2011, so you get at least two years without a payment. You pay back 6.67% of the credit each year, so for a $7,500 credit the payment is $502.50 per year. If you stay put for 15 years, you pay it off with no interest.

What happens if you sell the house? You pay the balance back at the closing. So, you get $7,500 now, and pay the rest of it back if you make money on the sale of your house. What happens if you do not make enough money when you sell your house? They forgive the rest of the debt.

Other restrictions stipulate that you have to buy your first house in three years before July 1, 2009, not have super high income, not use bond financing and buy anywhere in the US.

If you'd like to learn more about this program, please call me!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.