# I found a short sale but discovered there are past due bills – who is responsible? Several homes that are bank owned or short sale have past due Home Owner Association dues, water and /or sewer bills and so on. The answer is not as simple as you would think. It depends on how you write your offer and how much research you and or your agent do.
Currently there are River view properties as low as $330,000 and a few more slated to come on the market up to $1,000,000. With this buyer’s market now is a great opportunity to purchase a great home on The Big Deschutes River closer to Wickiup Reservoir, Crane Prairie and all the other great waterways of Central Oregon.
There is a lot of information circulating about the First Time Home Buyer Tax Credit of up to $8,000 that is included in the Stimulus Bill, including using it for down payment. First of all, at the present moment in time, it cannot be used for the down payment, even though the Secretary of Housing and Urban Development, Shaun Donovan, said it would be available in a recent speech to the National Association of REALTORS®.
With the temperatures warming the brush drying out and growing being careful in the woods is a must. Should a fire approach your neighborhood and you are evacuated there is always the tough decision of what to take.
Many of Central Oregon home buyers I have worked with this year are first time home buyers. A first time home buyer is someone who has not owned a home in 3 years. Many of these buyers are benefiting from the new taxcredit of 10% of the purchase price or $8,000.
Buying a short sale can be a great investment, however, everything depends on the bank’s response to your offer and any other offers. One of the trends I am seeing is listing agents listing a home at a price that is so much lower than everything else on the market it can not help but bring in offers.
Sellers that are attempting a short sale need to be aware and careful. Agents of these homes should also be on their toes. Friday I got a call while I was at a home inspection, and preoccupied. The caller had called my office and spoke to my principal broker who directed the caller to call […]
Have you heard of the USDA loan program? Many people think that this program is strictly for the low income. This is not entirely true. A family of 4 can make just over $68,000 a year and qualify for this program. Most of Deschutes County is considered rural – which means that most of the homes […]
If you live in Central Oregon and you are trying to sell your home on your own be careful of the scams out there. As a REALTOR in Central Oregon I advertise a lot on the web. Recently I have had a rash of scam emails regarding interest in properties. Some of them claim they […]
Many of the buyers out there looking for down payment assistance should read up on this subject. Congress has voted to remove the down payment assistance as of October 1, 2008. I trust and read a lot of what a lender in NJ has to say about FHA lending – his name is Jeff Belonger […]