Claim Your Home Buyer Tax Credit with IRS Form 5405

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Claim Your Home Buyer Tax Credit with IRS Form 5405 On January 15th the IRS released a new form for home buyers who want to claim the tax credit when they file their taxes this year.  This is Form 5405.  Form 5405 is a revision of the previous 2009 First Time Home Buyer Tax Credit.  This is so that the current 2010 Home Buyer Tax Credit program is covered. I would like to…

House Logic – Protect Your Bergen County Home

Posted by & filed under Homeowner Tips.

House Logic was a new website when I wrote a blog article on it in 2010.  Since then it has become an extremely popular resource for home owners and both buyers and sellers.  As a result, it’s an very popular website and what it offers has grown with consumer demands. It covers everything you can imagine.  Topics include a repair or renovation to tax credits to protecting yourself from a…

Is the $8000 Tax Credit Causing Buyers to Overlook Even Better Short Sale Opportunities?

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There are many homes for sale with steep discounts because they are a short sale and you may find a house that is a better “fit” for you in a short sale than trying to buy a home that you really don’t love just because of the tax credit.

A FHA Tax Credit for Home Buyers

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A FHA tax credit for home buyers has just been announced.  This is truly great news for the real estate market. U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced yesterday, May 29th, that the Federal Housing Administration (FHA) will allow home buyers to apply the Obama Administration’s new $8,000 first-time home buyer tax credit on FHA mortgage loans. Previously the tax credit only applied to conventional mortgages. The…

Tenafly Real Estate – 1st Quarter Report

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What Can We Expect in 2009 and for Tenafly real estate in particular? I can answer this with one word – improvement. I had projected 10% depreciation but that was before the stunning sub prime mess was revealed. While we have “Monday Morning Quarterbacks,” the truth is virtually no one knew of this growing menace. The Tenafly market for homes in 2008 ended with 25% fewer sales and 18% depreciation….

Bergen County Real Estate – How’s the 1st quarter looking?

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The figures are in and the real estate market in Bergen County is doing OK.  It’s still a buyer’s market for homes but you can see some signs of improvement with Bergen County real estate. In January I had written that the real estate market in Bergen County would shift during the 4th quarter of 2009 and stabilize.  From then on for a few years we would be working in…