Why buy in 2009?

Thanks to the recently passed Economic Recovery Act - another great reason to buy a home in 2009 has been created. Of course, low interest rates and outrageouge bargains on bank owned properties are two of the top reasons to buy in 2009. But the First Time Buyers Tax Credit will seal the deal for many buyers.
Who qualifies:
Buyers who have not owned their primary residence in the 3 years prior to the purchase.
Buyers wih maximun adjusted income of $150,000/couple or $75,000/individual.
Buyers who buy between 1/1/2009 and 12/31/2009

What you get:
A tax credit of up to $8000 or 10% of property value.

Payback?:
Nope- you do not have to pay this one back as long as you own the property for at least 3 years.

Are you convinced that now is the right time to buy that dream home? Give us a call and we can discuss the best plan for you and your dreams.

For more information on the First Time Buyer's Tax Credit, please consult your CPA.

Rosendal-Smith_Pardo International Realty, LLC

http://RSPIRealty.com

954-632-5514

Info@RSPIRealty.com

Loan Modifications

So you, like many others in today's reality, are having a hard time making those monthly payments. Not sure where to turn?
Step one- Call you mortgage company!!!!! Explain your situation and discuss what opportunities you have. You may be pleasantly surprised that your lender may have a solution for you.
Unfortunately, we have spoken with too many folks who just walked away from their properties. Several even took the time to mail the keys. Many of these folks never bothered to call their lender to see what, if anything , can be done. The few that did, did so once and accepted the response from an incompetent clerk.
Step 2- Demand to speak with "LOSS MITIGATION" No one else has the power to do anything other than try to convince you to pay your mortgage. The loss mitigation dept can reduce your rate, streatch your loan out for 40 years, even in rare cases reduce your principal - all through loan modification.
Bottom line is- don't go down with out a fight. Call, discuss, work it out. In a few years, once the market turns around- you will be so glad you stuck it out.
Andy if you have any questions or wish to discuss the sale or purchase of a property, please call RSP International Realty. Our team of consultants are ready to assist you in making the right descisions in a tough market.
Call 954-632-5514 for more information.