HUD is allowing home buyers to buy HUD homes with a down payment of only $100, as long as:

1. The buyer will live in the property for at least one year, must be owner occupied... no investors/2nd home

2. Buyer offers the full asking price for the property

3. Borrower/buyer uses a FHA loan for the purchase. Brian Hahn of Residential Capital Mortgage Corp. will pre-qualify you for a mortgage. [1291 Galleria Dr Ste: 130--Henderson, NV 89014] [bhahn@rcmvlv.com-702. 795.5953]

4. The $100.00 down payment is borrowers own funds.. Must be verified

The home has to be a HUD owned property, not a home owned by a bank as an REO.

This program is available for HUD owned homes only, not all homes are offered.

Clark County Max FHA Loan Amount $400,000

For a list of available HUD properties:

www.hudhouses.com

First-Time Home Buyer Tax Credit at a Glance

The tax credit is available for first-time home buyers only.
The maximum credit amount is $7,500.
The credit is available for homes purchased on or after April 9, 2008 and before
January 1, 2009.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
The tax credit works like an interest-free loan and must be repaid over a 15-year period.

THE "S" WORDS: STABILIZE AND STIMULUS

The “S” Words: Stabilize and Stimulus

Stabilize and stimulate. Those two words sum up efforts in Washington D.C. last week to address the economy, housing market, and increasing layoffs in the job market. The stabilization comes in the form of a plan by Treasury Secretary Timothy Geithner to shore up banks and deal with the troubled assets they hold. The stimulus comes in the form of the American Recovery and Reinvestment Act, recently passed by Congress. Here’s a quick look at both.

American Recovery and Reinvestment Act (Stimulus Bill)

Approximately $790 billion in spending and tax cuts (as of this writing)
Spending in Infrastructure and Science - $120 billion
Spending in Health - $14.2 billion
Spending in Education and Training - $105.9 billion
Spending in Energy, including over $30 billion in infrastructure - $37.5 billion
Spending geared towards individuals to help during economic - $24.3 billion
Spending in Law Enforcement, Oversight, Other Programs - $7.8 billion
*The WashingtonIndependent.com

Some of the highlights that will likely impact you:

$7,500 tax credit for first time homebuyers increases to $8,000 – this tax credit does not have to be paid back. More to come in next week’s Mortgage Fortune.
Making Work Pay Tax Cut, a one-time refundable tax credit up to $400 per worker
($800 per couple filing jointly) who meet specific income criteria
Social security recipients and disabled veterans who don’t pay payroll taxes receive one-time payment of $250.
Extended unemployment benefits will continue to December, 2009 instead of phasing out in March as planned.

Mosquito Control
The mosquito season is in a few months and the problem of abandoned homes in Southern Nevada with stagnating pools is a mosquito breeding concern. If members observe these pools please report them to the Vector Control Office. The Southern Nevada Health District_s Vector Control office has a mosquito control hotline (759-1633) or on-line mosquito complaint form www.SouthernNevadaHealthDistrict.org

Peanut Butter


Recently, you may have heard that peanuts and peanut materials from Peanut Corporation of America have been recalled.
We are sending this email to assure you that Skippy® Peanut Butter is in no way related to the current PCA Georgia recall. Specifically, no peanuts or peanut ingredients used in Skippy® Peanut Butter are sourced from PCA.
Skippy has in place robust quality assurance and processing procedures to ensure product quality and safety.
The US Food and Drug Administration has said on their website that "Major national brands of jarred peanut butter found in grocery stores are not affected by the PCA recall." For more information, we recommend you visit http://email.skippypeanutbutter.com/cgi-bin23/DM/y/hfAI0Cid6x0GzM0TMM0EP
As always, you should continue to enjoy Skippy® Peanut Butter and Fuel the Fun!™
Consumers may direct any questions to 1-866-4SKIPPY (754779)