Ask Rey About Real Estate

Buyers. You can get an $8000 tax credit if you buy your home in 2009. It's called the Homebuyers tax Credit and it is one of 10 key provisions of the American Recovery and Reinvestment Act signed by President Obama into law on Feb. 17, 2009.   The bill provides for a $8,000 tax credit that would be available to first-time home buyers ...

New York is expected to receive $24.6 Billion in funds from the recently passed American Recovery and Reinvestment Act, signed into law by President Obama. New York Congresswoman Nita Lowey met with the Westchester Hispanic Chamber of Commerce to outline opportunities for local initiatives in many areas, including housing. Below is a summary of ...

How did the world’s most powerful economy get so bad? TIME Magazine published their list of people their readers think should carry blame for the current financial crisis. The list was voted on by Time magazine readers and contains the top ten vote getters. Here are the worst offenders. Did these people make your list? I bet you ...

Here are the candidate's plans as they relate to home ownership and housing. I copied them straight from their websites, without editing. Obama’s Plan – Source: http://www.barackobama.com/issues/economy/ Obama and Biden will crack down on fraudulent brokers and lenders. They will also make sure homebuyers have honest and ...

 Uncle Sam never sleeps. Plan now to save on taxes for 2009.1.         More money for gas. Standard mileage deduction for business increases to 50.5 cents per mile. Add it up. 2.         More money for retirement. You can contribute $5,000 to your IRA ($6,000 if ...

February 13, 2008 President Bush signed the Economic Stimulus Act of 2008 into law.  The act hailed by the National Association of Realtors should give a much needed boost to the housing market. The new act raises the loan limits guaranteed by Federal Housing Administration (FHA) and government sponsored enterprises (GSE) mortgage limits in ...

George W. Bush announces that HUD's Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans ...