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| Sept '08 |
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It's been a busy summer in the real estate business with many issues and opportunities that present themselves on a daily basis. Both the Federal and State government has enacted legislation designed to help consumers make it through these difficult economic times. In this month's newsletter, we have included information on the Federal Housing and Economic Recovery Act of 2008 and the California Foreclosure Law SB 1137 for your review. Also included this month is our San Diego County Home Sales recorded in July 2007 vs. July 2008-always interesting reading. Enjoy!
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What the Housing and Economic Recovery Act of 2008
Means for You
Good news has made its way into the real estate arena this summer -- in the form of the Housing and Economic Recovery Act of 2008. What does this Act mean for you?
It means a lot if you are in the market to be a first time homebuyer -- up to a $7,500 tax credit if you purchase before July 1, 2009. And there's more good news. First time homebuyers is defined as, "a buyer who has not owned a principal residence during the three-year period prior to the purchase."
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San Diego Area
