Hawaii Randy's Real Estate Opinions: May 2009

HUD Jammed Us Up Again

On Tuesday a letter was issued by HUD letting us know that the $8000 first time home buyer's credit could be used for down payments for FHA loans.  A few news stories broke out immediately following that exciting news.  At least we thought it was exciting news.  Within a couple of days the story reversed.  Never mind, HUD withdrew the letter.  They were only kidding.

After sending out what I thought was exciting news, I had to send out another message a day later to my clients and fellow real estate professionals, letting them know that the HUD letter and information I sent out was not accurate.

THANK YOU, Jeff Belonger!  Jeff the FHA expert who posted a blog article that did a wonderful job of clearing up the confusion created by HUD: 

Using First-Time Homebuyer Tax Credits for the Downpayment - It's GONE !!!! - The story of the $8,000 tax credit  

 

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Randy L. Prothero, REALTOR®

Principal Broker, ABR, AHWD, CRS, e-PRO, GRI, MRP, SFR

Island Style Realty Inc.

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comment balloon 13 commentsRandy Prothero • May 14 2009 02:07PM
HUD Jammed Us Up Again
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On Tuesday a letter was issued by HUD letting us know that the $8000 first time home buyer's credit could be used for down payments for FHA loans. A few news stories broke out immediately following that exciting news. At least we thought it was… more
Mortgage Fraud Makes it Way to the Islands
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In our local news there has been a series of stories about a mortgage broker team who were committing mortgage fraud. They were also trying to trick people out of their homes. The wife mortgage broker’s wife set up a fake escrow company and… more