Los Angeles, CA., ETH Inc. The U.S. Housing crisis has created a huge inventory of bank-owned properties and homes entering the foreclosure process. As a home buyer this presents opportunity find a dream home for pennies on the dollar.
However, buying foreclosures are tricky ifyou are not familiar with the process and often homebuyers looking for these amazing bargains run into roadblocks such as qualifying for a traditional mortgage.
If you have ever dreamed of owning your own home but can’t qualify ETH, Inc. will help in making your dream a reality.
ETH, Inc. makes it possible for people with less than perfect credit own their own home using several programs to assist future homebuyers who may have never thought it was possible in today’s economy.
ETH, Inc. has access to homes in all areas of town at every price range. By using private funding they offer flexible programs to finance homeowners in all situations. This allows potential homeowners greater opportunity to buy their own home with none of the long paper-work or approval process of traditional home loans.
“Our qualification process is so simple practically anyone with a job can become a homeowner through one of our special financing programs” says Angie Reyes, Project Manager of ETH, Inc.“There are honest good people out there with the dream of owning their own home any they just need a chance,” adds Angie.“We’re here to help them live that dream.”
NEW YORK (CNNMoney.com) — It’s going to be harder to get a government-backed mortgage from now on.
The agency, which insured nearly a third of new mortgages in 2009, will increase the premium it charges for its mortgage insurance and require those with weaker credit scores to come up with larger downpayments.
The FHA will also reduce the amount of money a seller can provide a homebuyer for closing costs, as well as tighten its enforcement of lenders.Read the rest of this entry »
NEW YORK (CNNMoney.com) — Good news homebuyers: You can file for your $8,000 first-time buyer tax credit again.
Bad news: You still can’t e-file your taxes if you want the cash. And there are long delays.
On Thursday, CNNMoney revealed that buyers who purchased their properties after Nov. 6 were unable to claim the refund because the Internal Revenue Service had yet to release a new form and instructions. But on Friday, the IRS finally posted the new form 5405.
The two-month delay was frustrating to Florida resident Charles Teschke. “We are not broke or anything, but nevertheless we were still counting on getting the tax refund to help pay for the appliances and stuff we needed for our new home,” he said. “The IRS told me they estimate it will take four months for me to get my refund!”
First-time buyers were able to immediately file for the tax credit after Congress approved it last February as part of the stimulus program. All they had to do was file an amendment to their 2008 tax returns (the ones they filed last April) and claim the promised refund of 10% of the purchase price, up to $8,000.
They were able to e-file, and they received their refunds promptly. One reader filed a claim the first week of August, and had the check by the third week in September.
But on Nov. 6 the rules changed. That’s when Congress extended — and expanded — the tax credit, which was originally scheduled to expire on Nov. 30.
