Good News Friday
Week 13
April 4, 2008
(4 Minutes and 1 Second.)
(Click Play To Listen To The Podcast.)
Hello and Welcome to Good News Friday! Today is Friday April 4th, 2008. My name is Bruce Karasik.
Each week we bring you good news and positive developments in the Real Estate Market, Mortgage Market, in our economy and our country. If you miss any podcast, we have archived all or our past shows so you can listen to them at any time by going to www.GoodNewsFriday.com.
This week the congress is working on a bipartisan bill to provide another boost to the housing market and to provide assistance to homeowners, new buyers and businesses. This compromise measure is being placed on the fast track for quick approval by the congress. The following are the bills major highlights:
Provides a $7,000 tax credit for people who buy and move into foreclosed homes
Provides $4 billion for local governments to buy homes in areas here foreclosures are high
Authorizes State and Local Governments to issue up to $10 billion in tax exempt bonds to refinance sub-prime loans
Provides $100 million in counseling services for households facing foreclosure
Requires Lenders to disclose complete loan terms at least 7 days before closing so borrowers can shop for a new mortgage in they don’t like the terms
Aid for home builders and other related business to apply losses in 2008 and 2009 to tax returns from profitable years as far back as 2004 and 2005.
Now very often these bills are subject to change as it moves through congress and I will keep you posted on more developments as they become available. But the focus of the congress is to take immediate action to help homeowners, business, and stimulate the housing market.
Now more than ever it is important to contact a real professional to get the best advice. So call me or email and I will be happy to talk with you on how these new developments can help you save money when you buy your home this year or refinance at the new lower rates.
The key to success is having the right advisers and consultants in place so you can have the right strategy. As your trusted Real Estate consultants and advisors, we at the Karasik Team work in our unique ability. My unique ability is consulting, negotiating and overseeing the transaction details. We take a customized approach and enable our clients to make informed decisions to accumulate wealth through Real Estate. In addition, we at Karasik and Associates, Mortgage Consultants, can help you come up with a strategy to determine whether this is the right time for you to buy your first home or to refinance your existing home.
We continue to believe that homeownership will remain to be the best avenue for American families to secure their financial future. I look forward our continuing dialog and we invite your feedback. Please feel free to email me at Bruce@TheKarasikTeam.com, call me at my office at 805-267-0366, or you can post your responses on our blog at www.GoodNewsFriday.com.
So we do have some good news to be grateful for. And so, my friends, I wish you and your families a Happy, Healthy, and prosperous week. And that’s it for now. I’ll see you back here next week for another episode of Good News Friday!
