Dee Dee Burch

Realtor

Traverse City 522

522 E. Front Street

Traverse City, MI49686

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Main: 231-929-2300 Office: 231-929-2300
Fax: 231-929-2322 Cell: 231-620-9900
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What is a Short Sale?

"What exactly is a short sale?"  That is a question  get a lot.   A Short Sale may assist a homeowner prior to the foreclosure process.  If the proceeds from the sale of a property fall short of the owner's existing mortgage balance, a lender may agree to accept the proceeds on a short sale in lieu of the total obligation due on the mortgage.  By accepting a short ...
Posted by Dee Dee Burch @ 10:11 AM on 03/11/2009

$8000 tax credit for first time homebuyers... read more

 If you purchase a home between January 1, 2009 and November 30, 2009 you can claim a credit worth $8,000 - or 10% of the home's value, whichever is less- on your 2008 or 2009 taxes.  Unlike the previous $7,500 tax credit, you do not have to pay this back.  To qualify for the tax credit, buyers must make less than $75,000 for singles or $150,000 for couples.  Higher-income buyers ...
Posted by Dee Dee Burch @ 10:02 AM on 03/11/2009
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