Sacramento Real Estate by Julie Jalone
Real Estate News from Sacramento
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Sacramento Real Estate by Julie Jalone
Real Estate News from Sacramento
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My business is built on referrals and because I want
to build a successful business long term I work hard to exceed client expectations. I very much appreciate your referrals. As
some of you know, it is my custom to reward referrals and I will continue that tradition. If you know someone who is
thinking about buying or selling a home please let me know. Follow this link to my referral form.
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Sacramento Real Estate News
The tax credit is determined by the price of the home and the
buyers income. The tax credit is equal to 10 percent of the purchase price of
the home, up to a maximum of $8,000. To receive the maximum credit income for
single buyers may have income up to $75,000 and for married couples incomes up to $150,000. The amount of the tax credit declines as income for single buyers
exceed $75,000 up to a maximum of $95,000 and for married couples over $150,000 to $170,000.
Buyers with incomes above these maximums are not eligible for the credit. The tax credit does not have to be repaid if the buyer stays
in the home for at least three years. If the property is sold during the three
year period the credit will be due upon the sale This in a great program for first time homebuyers and along with attractive rates and the choice of
homes on the market make 2009 a good year to for those who have not owed before to buy their first home. If you have any questions about the program, feel free to contact me at juliej@jalone.com.
With the
recent rise in foreclosures, foreclosure-related scams have exploded onto the real estate scene. These so-called “foreclosure
rescue companies” claim they will help save your home, but in reality are out to make a profit -- at your expense. Red Flags for Foreclosure Rescue Scams If you
are at risk of or in foreclosure, you should be on the lookout for foreclosure scams. Here are some of the red flags to watch
out for: · Asks for money upfront before providing any service · Instructs you not to contact your lender, lawyer, housing counselor, family, friends,
or others · Asks for mortgage payments to be made directly to his or her company or a bank account
set up by that person, rather than your lender · Requires payment only in the form of cash, cashier’s check, or wire transfer · Promises to stop the foreclosure process, no matter the circumstances · Advises you to transfer your property deed or title to his or her company · Offers to fill out paperwork for you · Asks for something to be done immediately and without delay. This includes pressuring you into signing paperwork that you have not had the chance to read thoroughly
or do not fully understand · Encourages you to lease your house and buy it back over time · Offers to buy your house for a fixed price that is not set by the housing market
at the time of sale · Asks for you to give a power of attorney · Asks for signatures on a grant deed or deed of trust · Asks for signatures on a document that has lines left blank · Fails to provide copies of signed documents · Refuses or fails to put an oral promise in writing Report Fraud If you
have been a victim of a foreclosure-related scam or approached by a scam artist, you may report the incident to the following
organizations and government enforcement agencies: · California Attorney General http://ag.ca.gov · California Department of Real Estate www.dre.ca.gov · Department of Housing and Urban Development (HUD) www.hud.gov Legitimate Resources If you
are at risk of foreclosure or have already received a foreclosure notice, you should contact your lender immediately. Homeowners
also may seek the advice of a reputable housing, financial or credit counselor, attorney, or other qualified professional. Homeowners may visit the U.S. Department of Housing and Urban Development (HUD) Web
site at http://www.hud.gov/ to view its Guide to Avoiding Foreclosure and its list of California HUD-approved housing counseling
agencies. In addition, the non-profit Homeownership Preservation Foundation has a 24/7 toll-free Homeowner’s HOPE Hotline
at (999) 995-HOPE. Produced by the California Association of Realtors (www.car.org) |
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