Palm Springs Area Real Estate

Did you know that the $8000 Tax Credit is still good for members of the Military & some Federal employees in the intelligence community until April 30, 2011 to have a binding contract, and Closing deadline of June 30, 2011. "It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010. " This is an great opportunity for those who are renting to take a look at buying a home. Home prices are very favorable, coupled with FHA 3% downpayment and incentives , and interest rates at their lowest , lead to a win win situation . For all the details go to IRS-First-Time Homebuyer Credit: Members of the Military and Certain Other Federal Employees Find affordable real estate in Palm Springs , Palm Desert , La Quinta , Indio , Cathedral City .

Homeowners in the Palm Springs area who are opting for short sale is on the increase compared to foreclosed properties by about 1.5 to 1, and might not be aware of the different Federal and California programs that are available to help them , especially if they are going through a hardship. This is a short video from the Making Homes Affordable that the government put out and to my surprise only 57000 people watched it. Options available to you : 1- Loan Modification at Making Home Affordable , if this will not work for you , there is; 2- The Home Affordable Foreclosure Alternatives HAFA 3- Recently FHA launched a new program SHORT REFI OPPORTUNITY FOR UNDERWATER HOMEOWNERS . And in California a new program Keep Your Home will start on November 1, 2010 and has different options. If you if are in a situation where you have opt for a Short Sale on your property , then make sure you check with your Attorney and your Tax Accountant first , so that you do not get hi