Wednesday, December 29, 2010

January 1, 2011 - Energy Audit with Home Sales - CallKim

ADOPTED REGULATION OF THE NEVADA ENERGY COMMISSIONER
LCB File No. R148-10 Effective January 1, 2011


A NEW REGULATION relating to energy efficiency will go into effect the first of 2011. You must, as a home seller prescribe to the standards for evaluating the energy consumption of residential property; to date a home owner can give a summary of the last 12 months of energy
use and in addition here in Las Vegas it is a fairly easy process. The utility companies will give a 12 month review of the energy comsumption for a particular address. There will be a form provided by your professional REALTOR that will facilitate a homeowner's compliance with this new regulation.

1. The form must include the following information for each dwelling unit for
which the evaluation of the energy consumption is being performed:

(a) The address or assessor’s parcel number of the dwelling unit.
(b) The year in which the dwelling unit was constructed.
(c) The number of stories the dwelling unit contains.
(d) The number of bedrooms in the dwelling unit.
(e) The square footage of the dwelling unit and the square footage of the conditioned area
of the dwelling unit.
(f) If the information is reasonably available (hasn't been vacant for an extended period of time), the monthly and total consumption and cost of electricity for the 12-month period immediately preceding the sale of the residential property during which the dwelling unit was occupied and electric service was provided.

If you have any questions please feel free to CallKim
(888) 949-2890 *********** (702) 521-3939
Kim Duclos
Senior Associate
Coldwell Banker Wardley




Wednesday, December 22, 2010

Appeal Your Property Taxes....Just Call Kim


What to do if you Disagree with the Taxable Value of your Home
If you live in Clark County you should have received a statement from
M.W. Schofield of the Clark County Assessor's Office that contains a statement indicating the assessed value of your home.
When you review that form, look in the center portion of the inside tri-fold section, and you will find an area that reflects your TAXABLE VALUE. If you have any hesitation about this taxable value and if it accurately reflects the current market value of you home, just give me a call and I will do the additional research that is needed.   This appeal must be submitted and received by the assessor's office on or before January 15, 2011.

You may be qualified for an exemption toward your real property tax and personal property tax which includes business personal property and manufactured housing. As an option you may choose to apply the exemption toward your motor vehicle governmental services tax. To use your exemption toward the governmental services tax on your motor vehicle, you must obtain a DMV voucher from the Assessor's Office.
Exemptions are available for certain qualifying persons such as veterans, surviving spouses, and blind persons who are Nevada Residents. There are requirements to meet in order to be eligible for the exemptions and further investigation would determine if you qualify.
Seniors can also apply for assistance, this is offered through a Senior Citizen Tax Assistance/Rental Rebate program to persons 62 year of age or older who meet the maximum household income requirement. This program applies to any person meting the age, residency and income requirements regardless if you own your own home or rent an apartment or house, or live in a manufactured home. The maximum benefit is $500.00.

Again, CallKim and I will direct you to the appropriate departments.
Kim Duclos
Coldwell Banker Wardley
(702) 521-3939
(888) 949-2890

Thursday, December 16, 2010

Chandeliers for Alternative Decor - CallKim

Let's Look at Some Alternative Ideas for you Home Decor

Once a symbol of wealth, the chandelier has become a decidedly more democratic decorative element in recent years. While chandeliers are expected in grand entryways, formal dining rooms, ballrooms and the like, they also pop up in more unlikely places. Here are a few unexpected places to find chandeliers, and advice for how to recreate the look in your home:

The kitchen although not usually thought of as a place for a chandelier, is a wonderful alternative to add some pizzaz to the area.












Ever consider the a touch of light at your bedside by way of a chanelier? It does not have to be frilly, it can lean masculine or feminine depending on your choice of lighting. These pictures demonstate some alternatives.















I love the nursery idea, such a refreshing change to the usual decor in one's nursery. Often times you can visit second hand stores and find some treasures in way of chandeliers. Visiting normal lighting outlet stores also offer a variety of colors, styles and choices.

Being creative and keeping one's mind open is key when adding a touch of life to your living space.

For all of your real estate needs, please give me a call @ (888) 949-2892 or on my cell @ (702) 521-3939

Sunday, December 5, 2010

Christmas Cookies


Most Popular Christmas Cookie Recipes

Peanut Butter Blossoms Cookie Recipe
Hershey's Chocolate Kisses are provocatively placed on top of tender, mouth-watering peanut butter cookies and rolled in sugar. With a combination like this, how can anyone go wrong? Peanut Butter Blossoms are the number one, most requested cookies this year so far. Hershey has come out with a number of chocolate Kisses the past few years. Not only are plain milk chocolate Kisses popular, but the cute little striped Hugs & Kisses are also gaining popularity. Hershey Truffle Kisses or the Special Dark Kiss will make choosing a favorite cookie very hard this year!



Sugar Cookies Recipe
Soft Sugar Cookies come in second place on most lists. These sugar cookies are not the rolled cookie cutter sugar cookies. They're nice and soft, melt-in-your-mouth delicious pillows of sweet goodness, rolled in colored sugar. The cream of tartar in the recipe gives them that nice creamy texture. No cookie platter should be without these colorful Sugar Cookies!

Read on . . . .
Pecan Butter Balls
Snickerdoodle Cookies Recipe
Snickerdoodles come in a close third on the most wanted Christmas cookies list. In terms of stats, they're right behind the Soft Sugar Cookies, but not by much. These beloved cookies are the easiest drop cookies this side of the North Pole! Also made with cream of tartar and rolled in sugar, but with an added surprise - cinnamon!

Shortbread Cookie Recipe
Traditional buttery Shortbread Cookies - easy to make and even easier to eat! Remember the familiar red tartan cookie tin everyone gets for Christmas? These Shortbread Cookies taste almost identical to Walkers Shortbread cookies. Dip them in chocolate, roll them in nuts or roll them out and use classic Christmas cookie cutters. Whatever the choice, these are the best Shortbread Cookies without going to Scotland to get them!
Here's the rest of the most popular list.
They're just a click on link above!

Peanut Butter Blossoms
Soft Sugar Cookies
Snickerdoodles
Shortbread Cookies
Thumbprint Cookies
White Chocolate Macadamia Cookies
Pecan Butter Balls aka Mexican Wedding Cakes
Santa's Whiskers Cookies
Oatmeal Raisin Cookies
Peanut Butter Cookies
Cherry Kisses Cookies
Chocolate Chip Cookies
Soft Molasses Cookies
Double Chocolate Chip Cookies
Gourmet Chocolate PB Cup Brownies
Gourmet Chocolate Fudge Brownies

Thursday, October 28, 2010

Dangers of Walking away from you Mortgage





4 dangers of walking away from your mortgage

Homeowners who skip out on their loans face a slew of consequences.

Some homeowners who are "underwater," or owe more on their mortgage than the home's current value, are turning to "strategic defaults" in which they simply walk away from mortgage debt. But financial experts warn the cost of skipping out on mortgage debt can be high.
The American Bankers Association recently informed homeowners about the consequences of strategic default, including the possibility of the bank obtaining a judgment to pursue the homeowner's assets, such as bank accounts, cars and investments.


Here are four dangers of which homeowners should be aware and more information on the strategic-default environment.

1. Wrecked credit
Regardless of whether a foreclosure is because of a strategic default or other circumstances, it damages a consumer's credit score.
"A foreclosure is one of the stronger predictors of future credit risk," says Craig Watts, public-affairs director of FICO, a credit-rating company.

Foreclosures remain on a credit report for as long as seven years, with the impact gradually lessening over time. Watts says FICO scores "generally begin to recover after a couple of years," assuming the consumer stays current on all payments and other credit accounts.
He says the impact of a foreclosure on a credit score depends on other factors in the borrower's credit history. The ABA says a foreclosure drops a FICO score by 100 to 400 points.

2. Difficulty getting new mortgage
A voluntary foreclosure also can affect a homeowner's ability to qualify for a new mortgage for years to come.

Peter Fredman, a Berkeley, Calif., consumer attorney, says Fannie Mae and Freddie Mac will not approve a mortgage for four years after foreclosure, while the ABA says it can take three to seven years to qualify for a new mortgage. In addition, Fannie Mae this past summer announced a tough new sanction on people who deliberately default on their mortgages. These borrowers will be ineligible for a new Fannie-backed mortgage for seven years after the foreclosure date.

3. Taxes still due
Tax liability is another potential danger of defaulting.
Although the Mortgage Forgiveness Debt Relief Act of 2007 offers protection from federal taxes after a foreclosure through 2012, state taxes still may be due on unpaid debt.


4. Deficiency judgment
A lender can also pursue the remaining debt from an unpaid loan by obtaining a deficiency judgment against the delinquent borrower, or it may work with a collection agency to recoup losses.

Wednesday, October 27, 2010

Halloween Safety

It’s the scariest night of the year! But with a little attention to safety, you can keep it fun and not frightful. Here are a few tips for you to follow........Boo!

Don’t Frankenstein Your Lights

Do not connect more than three miniature light strings together. Also, be sure to check the rating on your extension cords and do not plug in more than the recommended wattage. Cords should not be run under carpets or tacked-up with metal nails or staples.

Inspect Decorations with Fiendish Care

Inspect all of your electric lights and decorations for damage or wear. Cracked sockets, frayed or bare wires and loose connections may pose a fire or shock hazard. Look for a red UL mark to indicate that lights are certified for both indoor and outdoor use. A green UL mark indicates certification for indoor use only.

Beware of Candles!

Candles, especially in a Jack O’Lantern, should be off the ground and out of children’s reach. Try battery-operated LED candles for an even safer option.


Don’t Trip Up Your Goblins

Halloween costumes should allow full movement for your kids. Costumes that drag, constrict or drape pose a dangerous hazard, especially at night. Check to ensure that costumes don’t restrict your children’s vision, and instruct them to watch out for tripping hazards, such as cords.


Say Boo! to Unsafe Costumes

Be sure to purchase or make costumes out of flame-resistant materials such as nylon or polyester as these specially marked fabrics will resist burning and extinguish quickly. Make sure your child knows to stop, drop and roll in case their costume catches fire.


Be Safe and Bright

Choose costumes that are lighter in color and attach reflective materials to costumes. Make sure each child has a flashlight to help them see and be seen.
Keep Hungry Monsters from Feeding

Never let your kids eat Halloween candy before you inspect it in the light at home. Even if you know your neighbors, you should always check to be safe and throw away open candy or anything that looks at all suspicious.

Saturday, September 25, 2010

Las Vegas, Water, Helpful tips

BEST TIME TO DRINK WATER
Another little tidbit that's news to me.
Always knew to drink a lot of water, but who knew the timing affected things.

Drinking water at the correct time maximizes its effectiveness on the Human body:
2 glasses of water after waking up helps activate internal organs

1 glass of water 30 minutes before a meal - helps digestion
1 glass of water before taking a bath - helps lower blood pressure
1 glass of water before going to bed - avoids stroke or heart attack

Great Information to share with the people you care about.......
Kim Duclos - Coldwell Banker Wardley - (888) 949-2890 or (702) 521-3939

Thursday, September 2, 2010

Clever Ideas Worth Knowing



Take your bananas apart when you get home from the store.If you leave them connected at the stem, they ripen faster..I didn't know that!

Store your opened chunks of cheese in aluminum foil.It will stay fresh much longer and not mold!

Peppers with 3 bumps on the bottom are sweeter and better for eating.Peppers with 4 bumps on the bottom are firmer and better for cooking.

Add a teaspoon of water when frying ground beef. It will help pull the grease away from the meat while cooking.

To really make scrambled eggs or omelets rich add a couple of Spoonfuls of sour cream, cream cheese, or heavy cream in and then beat them up.

For a cool brownie treat, make brownies as directed. Melt Andes mints in double broiler and pour over warm brownies. Let set for a wonderful minty frosting.

Add garlic immediately to a recipe if you want a light taste of garlic and at the end of the recipe if your want a stronger taste of garlic.

Leftover snickers bars from Halloween make a delicious dessert. Simply chop them up with the food chopper. Peel, core and slice a few apples. Place them in a baking dish and sprinkle the chopped candy bars over the apples. Bake at 350 for 15 minutes!!! Serve alone or with vanilla ice cream. Yummm!

Reheat Pizza
Heat up leftover pizza in a nonstick skillet on top of the stove, set heat to med-low and heat till warm. This keeps the crust crispy. No soggy micro pizza. I saw this on the cooking channel and it really works.

Easy Deviled Eggs
Put cooked egg yolks in a zip lock bag. Seal, mash till they are all broken up.Add remainder of ingredients, reseal, keep mashing it up mixing thoroughly, cut the tip of the baggy, squeeze mixture into egg.Just throw bag away when done easy clean up.

Expanding Frosting
When you buy a container of cake frosting from the store, whip it with your mixer for a few minutes. You can double it in size.You get to frost more cake/cupcakes with the same amount. You also eat less sugar and calories per serving.

Reheating refrigerated bread
To warm biscuits, pancakes, or muffins that were refrigerated, place them ina microwave with a cup of water. The increased moisture will keep the foodmoist and help it reheat faster.

Newspaper weeds away
Start putting in your plants, work the nutrients in your soil. Wet newspapers,put layers around the plants overlapping as you go cover with mulch and for-get about weeds. Weeds will get through some gardening plastic they will notget through wet newspapers.

Broken Glass
Use a wet cotton ball or Q-tip to pick up the small shards of glass you can't see easily.

No More Mosquitoes
Place a dryer sheet in your pocket. It will keep the mosquitoes away.

Squirrel Away!
To keep squirrels from eating your plants, sprinkle your plants with cayenne pepper. The cayenne pepper doesn't hurt the plant and the squirrels won't come near it. (Wonder if this works with rabbits? Sure gonna give it a try)


Flexible vacuum
To get something out of a heat register or under the fridge add an empty paper towel roll or empty gift wrap roll to your vacuum. It can be bent or flattened to get in narrow openings.
Reducing Static ClingPin a small safety pin to the seam of your slip and you will not have a clingy skirt or dress. Same thing works with slacks that cling when wearing panty hose. Place pin in seam of slacks and ... TA DA! ... Static is gone.

Measuring Cups
Before you pour sticky substances into a measuring cup, fill with hot water. Dump out the hot water, but don't dry cup. Next, add your ingredient, such as peanut butter, and watch how easily it comes right out.

Foggy Windshield?
Hate foggy windshields? Buy a chalkboard eraser and keep it in the glove box of your car When the windows fog, rub with the eraser! Works better than a cloth!

Reopening envelopes
If you seal an envelope and then realize you forgot to include something inside,
just place your sealed envelope in the freezer for an hour or two. Viola! It unseals easily.

Conditioner
Use your hair conditioner to shave your legs. It's cheaper than shaving cream and leaves your legs really smooth. It's also a great way to use up the conditioner you bought but didn't like when you tried it in your hair.

Goodbye Fruit Flies
To get rid of pesky fruit flies, take a small glass, fill it 1/2' with Apple Cider Vinegar and 2 drops of dish washing liquid; mix well. You will find those flies drawn to the cup and gone forever!

Get Rid of Ants
Put small piles of cornmeal where you see ants. They eat it, take it 'home,' can't digest it so it kills them. It may take a week or so, especially if it rains, but it works and you don't have the worry about pets or small children being harmed!


Visit http://www.callkim.net/ - 24/7 find a house with your mouse today!

Friday, August 6, 2010

Foreclosure Councelors: What They Can and Can't Do


Foreclosure Counselors: What They Can and Can’t Do

Foreclosure counselors can make the difference between losing your home and keeping it.
Here’s how they work and how to choose one.
A foreclosure counselor can help assess your finances and make a budget, but cannot give any tax or legal advice.

If you’re facing foreclosure, your foreclosure counselor will be a key part of your foreclosure team. As you start looking for one, however, you need to know what exactly they do, what they don’t do, and how to choose one who’s legitimate and qualified.

What a foreclosure counselor does:
Reviews your finances
Helps you establish a budget
Explains your non-foreclosure options, such as
helps you navigate the process with any chosen option
Advocates on your behalf with lenders and loan servicers.

Counselors should also be upfront about discussing their
own track records as well as the track records of the agency they work for.

Expect to spend two to 24 hours with a counselor, depending on the complexity of your foreclosure situation, including how many lenders you have to provide documentation to and negotiate with.“Be sure the counselor is looking at your entire situation,” and not just your foreclosure, adds Martha Viramontes, director of housing at ClearPoint Credit Counseling Solutions in Los Angeles. “When counselors focus only on your mortgage, they’re fixing only one aspect of your financial situation.” They should give you an action plan containing the tasks you are going to perform to change your financial situation.
What a foreclosure counselor doesn’t do:
Give tax advice
Give legal advice
Give guarantees regarding a particular outcome
Create miracles

For additional advice, add a tax adviser and attorney to your team. Finally, “don’t expect a counselor to be a genie,” says Douglas Robinson, a spokesperson for NeighborWorks America, a nonprofit community development corporation in Washington, D.C., that provides foreclosure counseling. “If you’re in a home that under the most aggressive scenario you can’t afford, but maybe you got into it because of some toxic loan that should never have been available in the first place, you’re probably going to have to move. It’s best you get out smoothly.”


How to choose an agency:
Seek only HUD-approved agencies. HUD makes it easy:
Type in your state or ZIP code at http://www.findaforeclosurecounselor.org/


or call HUD’s foreclosure counseling hotline at 800-569-4287
or its foreclosure prevention hotline at: 888-995-HOPE (4673).

HUD-approved agencies are all nonprofit, community-based organizations that have administered a housing counseling program for at least a year.


HUD-approved agencies also are required to:
Employ counselors who are knowledgeable about federal housing programs.
Have a staff of counselors of which at least half must have two or more years of counseling experience.


At least half must also have received housing counseling training in the past two years.
Provide you with certain documents, such as a privacy agreement explaining how your personal information will be handled.


In addition, at the agency you work with, see if you can find a foreclosure counselor who has certification through the NeighborWorks Center for Homeownership Education and Counseling Look (NCHEC), which has a Foreclosure Intervention and Default Certification Program. Certified counselors must follow NeighborWorks counseling standards and code of ethics and conduct.

They also are required to:
Have at least one year of experience in foreclosure counseling
Attend three foreclosure prevention courses

Check out my website at: http://www.callkim.net/
Kim Duclos Coldwell Banker Wardley (888) 949-2890

Wednesday, August 4, 2010

Hire Smart When you Hire a Contractor!

With more people working on their current homes, opting to make upgrades, expand or keep up with their current home maintenance needs, contractors and their reliability comes into question.

What to do to hire a contractor.....

1. Verify Qualifications
Ask for references and work samples. Call the references, get a feel for the satisfaction of their past clients. Check the contractor's license and it is easy to do online nvcontractorsboard.com
or call (702) 486-1100

2. Always get 3 bids
Ensure each contractor is bidding on identical work.


3. Get Bids in Writing
Negotiate a clear, detailed contract. Examine plans for accuracy.


4. Monitor Progress
Make frequent walkthroughs and keep a job file. If you live onsight, just make sure that the work is according to the agreements that were made. Make sure any deviation of agreements is approved by you.

Always speak up, ask questions and verify, verify, verify.

Call me with your real estate questions at (702) 521-3939 or (888) 949-2890
Kim Duclos Coldwell Banker Wardley

Friday, July 30, 2010

Safety - Know your Meter Reader


Yes, even though we live in a high tech society, we still have water meter readers working in our neighborhoods. It is important to know who does and does not belong around your home. Having an unfamiliar vehicle near your home can cause concern.
The Las Vegas Valley Water District came up with some tips to identify their water district employee in your area.
1. Water Dist. employees will drive official vehicles with a clearly marked blue and yellow Water District Logo.
2. District Employees and contractors will always display in plain view a Water District photo identification badge with their name and title. District employees wear LVVWD logo shirts that areligth blue, bright orange, white or neon "safety" green.
3. No district employee will request entry to your home or request that you collect a water sample from inside your home for analysis. They may enter a backyard, if necessary, to access your meter.
4. No district employee will ever request or collect payment at your residence for water bills or for services rendered.
If you are ever concerned about anyone approaching or calling your home regarding your water service - please contact the water district. (702) 870-4194.
If you feel you are in stranger danger, always remember 911.
Kim Duclos
Coldwell Banker Wardley
(702) 521-3939


Monday, July 19, 2010

Making a Simple Move

I received an article by Gregory Karp on moving, I thought
it a great idea to share.

Twelve Tips to Make Your Move Simple and Stress-Free (MCT)
Packing your belongings and moving is often fraught with high emotions and involves a to-do list a mile long. So, it’s tempting to give only passing attention to hiring a mover and the related incidental costs. That could be a mistake—for your wallet and your peace of mind. Moving can be quite expensive. A typical full-service interstate move costs about $4,300, while the same in-state move might cost about $2,500, according to the American Moving & Storage Association. And while the moving industry has many fine companies, it is notorious for fraud and dirty tactics by so-called rogue movers.


Here are 12 tips to make your move simple and avoid the hassle.

Choose a type of move: You have three basic choices: do-it-yourself, full service and a relatively new hybrid of the two. Going it alone is the cheapest alternative, costing the rental price of a truck, gasoline, packing materials and, perhaps, pizza and beer for friends you rope into helping. With full-service moves, moving within a state is charged by the hour, while moving across state lines is charged by weight and mileage.

With a hybrid move, a mover will drop off a large container at your home for you to pack. The mover will then load the container onto a truck, drive the belongings to your new location and drop off the container for you to unload. Because you’re doing the manual labor of packing and unpacking, it’s far less costly than a full-service move.

Hire a quality mover: If you hire help, get at least three price quotes and do your homework before selecting a mover. Seek recommendations by talking with family and friends, even your Facebook circle. Investigate a company’s reputation with the Better Business Bureau (bbb.org), Yelp.com


Check a company’s complaint history at the federal government site, ProtectYourMove.gov.
“People think a good reputation equals expensive, but that’s not true,” said Laura McHolm, co-founder of NorthStar Moving in Los Angeles. “You don’t get a good reputation by overcharging people.”

Look for two things when hiring a moving company:


1. A full-service mover should visit your home in person,
2. And not give a quote over the phone or online, and should provide a written estimate, experts say.

Declutter: No matter what type of move you’re making, taking less stuff is cheaper and less hassle. Set up a staging area, perhaps in a garage, with various piles, such as throw out, recycle, donate and sell. For many items, use the rule of thumb, ‘If you haven’t used it in a year, you probably don’t need it.’

Be flexible: Like airline fares, moving rates depend on when you book. The busiest time for movers, and thus the most expensive time for consumers, is summer weekends near the 15th and 30th of the month. If you have time flexibility, ask what rates would be for different days or seasons. If you have extreme flexibility, ask about moving standby: waiting until the mover has extra space and needs to fill a truck.

Save on boxes: Buying new boxes from a moving company is the most expensive choice. To save some money on packing materials, ask if you can buy used boxes from your moving company, visit the grocery store and see if they have apple boxes etc.
Cheaper yet is finding free boxes, ideally from somebody who just moved. Ask your real estate agent to connect you with other clients who recently moved. Specialty boxes, such as wardrobe boxes, might be cheaper to purchase at a do-it-yourself moving store, such as U-Haul, than from your mover.

Save on packing materials: If you’re packing your belongings yourself, fill suitcases, laundry baskets and plastic containers with unbreakable items. Use pillows, scarves and towels to wrap fragile belongings.

Mail books: If you have a large collection of books, pack them yourself and ship them at the postal media mail rate as it might be cheaper than paying a mover—a 70-pound box would cost less than $30.

Consider consolidation: For long-distance moves, ask about consolidating your stuff on a truck with other people’s as most homeowners can’t fill a full-size moving van. You might have to be flexible on delivery dates and times, but consolidation can be cheaper.

This is very IMPORTANT - Insure it: Check your homeowner’s or renter’s insurance policy to determine whether it provides coverage for your belongings while in transit. If not, you’ll probably want more than the basic free valuation coverage a full-service mover provides. The standard valuation is 60 cents per pound per item. That means breaking a 10-pound, $1,000 stereo system would net you $6. You’ll want full replacement-value insurance, which reimburses you what it will cost to replace broken items. But don’t necessarily buy that insurance from the moving company. Moving insurance is likely cheaper from a third party, but be aware that you probably cannot get insurance on boxes you packed yourself.


Be prepared: Plot out where furniture and boxes will go before moving day arrives. The less time movers spend rearranging, the less expensive it will be. In urban areas, reserve a space or two in front of your new home for the moving truck by parking your own vehicle there ahead of time. If the movers have to park too far away to unload, you could incur a ‘long carry’ surcharge.

Stake your claim: If you’re moving for a job, negotiate the best relocation package you can. Unreimbursed expenses might be tax-deductible. For details, see Publication 521 Moving Expenses at IRS.gov.

Tip: Tipping each mover $3-$5 per hour is customary, said Stephen Coady, marketing manager for Gentle Giant Moving Co. in Somerville, Mass.

(c) 2010, Chicago Tribune. Distributed by McClatchy-Tribune Information Services.

Wednesday, June 16, 2010

Home Affordable Foreclosure Alternatives (HAFA)

On June 1, 2010, Fannie Mae began its own Home Affordable Foreclosure Alternatives (HAFA) Program, which is designed to mitigate the impact of foreclosures on borrowers who are eligible for a loan modification under the Home Affordable Modification Program (HAMP) but ultimately did not complete a modification. The Government is trying to push forward to facilitate a short sale for borrowers that have slipped through the cracks with the modification process. I am hoping that this will be a more positive process with the HAFA short sales, then the ones we are working with in the current market. Buyers will have to seek professional advice as to what tax ramifications they will face and if they will be held responsible for any partial payment as a consequence of the sale.

Program Features

The Fannie Mae Home Affordable Foreclosure Alternatives (HAFA) program simplifies and streamlines the use of short or “preforeclosure” sale and deed-in-lieu of foreclosure (DIL) options by incorporating the following unique features:

Complements HAMP by providing alternatives for borrowers who are HAMP eligible (including borrowers facing imminent default);

1. Utilizes verified borrower financial and hardship information collected in conjunction with HAMP, eliminating the need for additional eligibility analysis;
2. Allows the borrower to receive pre-approved short sale terms prior to the property listing;
3. Prohibits the servicer from requiring, as a condition of approving the short sale, a reduction in the real estate commission agreed upon in the listing agreement;
4. Releases the successful HAFA borrower from future liability for the debt;
5. Uses standard processes, documents, and timeframes; and
6. Provides financial incentives to borrowers, servicers and subordinate lienholders.
The effective date for the implementation of the Fannie Mae HAFA is August 1, 2010; however, servicers are encouraged to adapt their processes to implement these policies and procedures immediately.
Complete program details for the Fannie Mae HAFA can be found here. Additionally, new servicer and borrower materials have been developed to support and facilitate the implementation of the program. All materials – including a program overview and job aid, as well as the required borrower documentation – are available on the new HAFA page on eFannieMae.com.
Please Call me for all of your Real Estate Needs.

Thursday, June 10, 2010

Top 10 Energy Payback Projects

I love to shop at Lowes for projects, I don't have to admit this, but it is true. My sister likes Home Depot, but I am a Lowes Fan. Lowes works with us Realtors to offer benefits to our clients and it has definitely been a plus for my clients. The program is called "Realtor Benefits Program" and they send out a mailing and offer the home buyer or seller a minium of 10% off on their purchases up to $10,000. I have had clients that have saved big on flooring, installation and have been thrilled with the outcome.

I was reading an article by Josh Garskof (he writes for the Lowes Website) and he had some great ideas on energy saving. Please take a look at the article below.

Make these simple improvements now, start slashing your energy bills for years to come.

Projects With Immediate Payback (0 to 6 months)

Wrap the Water Heater
Until you’re ready to upgrade to a super-efficient, on-demand water heater (which costs about 25 percent less to operate than that big tank in your basement because it heats only the water you need), get the most from your existing one by covering it with a water heater blanket. This insulated jacket fits over the tank to help reduce the gas, oil, or electricity that’s required to keep water hot and at the ready. You can install it in just a few minutes. And while you’re at it, insulate the first five feet of hot-water pipe after it exits the tank and the last five feet of cold-water supply before it enters the tank. Together, these fixes will yield an immediate 15 percent reduction in the heater’s operating costs.
COST: $30
PAYBACK: up to $50 per year

Install a Programmable Thermostat
Turning down the thermostat 7 degrees at bedtime will knock 10 percent off your heating costs, but who wants to wake up to a frigid house? A programmable thermostat automatically drops the heat at night and cranks it up in the morning, so the house is warm before your alarm clock rings. Program it to lower the heat again while you’re at work and the kids are in school all day and you’ll reap additional savings. Best of all, many of these battery-operated units are easy to install yourself.
COST: $30 to $80
PAYBACK: $100 to $250 per year

Seal Gaps and Cracks
Check the attic floor and basement ceiling for gaps around pipe and wire penetrations and fill them with insulating foam, such as Great Stuff, which expands to fill any void you find. Check doors and windows for air leaks and seal with self-adhesive weatherstripping. “Sealing the building envelope generates immediate energy savings for little upfront cost,” says Nate Kredich, a vice president at the United States Green Building Council.
COST: $50 for all the Great Stuff and weatherstripping you’ll need.
PAYBACK: $100 to $250 per year

Use Compact Fluorescent Bulbs
If you replace conventional incandescent light bulbs with CFLs, you can slash as much as 15 percent off your household electricity bills. “The first CFLs had a greenish cast to them,” says Mark Loeffler, director of New Haven, CT based environmental design firm Atelier Ten, “but a high-quality bulb you buy today works well for general ‘ambient’ lighting.” Still, stick to incandescents for task lighting (because they’re less diffuse) and in bathrooms, where CFLs can be unflattering. Look for bulbs with the highest Color Rendering Index you can find—generally in the low- to mid-80s, compared with early CFLs, which scored about 70, and incandescents, which have a CRI of 100.
COST: about $3 each; $60 to replace 20 bulbs, two-thirds of the bulbs in a typical house.
PAYBACK: As much as $10 a year for one high-use bulb; $150 to $170 a year for 20 CFLs

Projects With Short-Term Payback (1 to 3 years)

Install Ceiling Fans
Thanks to the wind-chill factor, a ceiling fan makes you feel cooler by evaporating the moisture from your skin. So if you install one over your bed, for example, you should be able to raise the thermostat setting on the air conditioner by a couple of degrees and still feel just as comfortable. And because the fan uses no more energy than a 100-watt bulb, that’s a far more economical way to keep cool. You can reverse the fan’s direction in the winter and it will help push down heated air that gets trapped at the ceiling, reducing the amount of work your heating system has to do.
COST: $60 to $700
PAYBACK: $120 a year in electricity bills for air conditioning and $100 to $250 in heating fuel savings

Beef Up Attic Insulation
“Heat rises, so adding insulation to the attic floor is one of the best energy retrofits you can do,” says physicist Max Sherman, who leads the Energy Performance of Buildings group at the Lawrence Berkeley National Laboratory. If the insulation on (or in) your attic floor is less than 10 inches thick, bring it to at least that depth by rolling out additional batts over what’s there, and you’ll shave 15 to 30 percent off your heating bills.
COST: $300 (to add 3 inches of fiberglass insulation to a 1,000-square-foot attic floor) * some insulation products are eligible for 30 percent tax credit under the American Recovery and Reinvestment Act of 2009 (link)
PAYBACK: $150 to $300 a year for the average home heated with natural gas; $350 to $700 for oil heat.
TIP: If your wall cavities are uninsulated, you can cut another 20 percent off your heating bills by blowing cellulose insulation into them ($1,000 to $2,000, plus the cost of minor repairs to siding where the contractor drills his access holes).

Projects with Long-Term Payback (5 or more years)

Plant a Tree
Putting a deciduous tree (or several) on the south or west side of your house will shade the building in the summer, reducing the strain on your air conditioning system and cutting costs by about 25 percent. And when the tree drops its leaves in the winter, the sun’s warming rays will penetrate, helping to keep heating bills in check.
COST: shade trees start as low as $50 each.
PAYBACK: $100 to $200 a year, once the tree is mature.

Upgrade to Energy-Efficient Appliances
Energy Star appliances consume 10 to 50 percent less electricity than standard appliances sold today, and if you’re replacing equipment that is older than 10 years, the energy savings will be even greater. Refrigerators and clothes washers are two of the biggest household energy guzzlers. A new Energy Star fridge uses half the energy of a machine made a decade ago; a front-load washer uses 35 percent less electricity than an old top-mount, plus it consumes less hot water and spins the clothes so effectively that you save money on dryer operating costs, too.
COST: $600 to $1,400 for a front-load clothes washer; $1,000 to $3,000 for an Energy Star refrigerator
PAYBACK: $145 a year in electricity savings for the washer, plus gallons of water saved on every load; $60 a year for the refrigerator

Replace Your Aging Heating or Cooling System
The life expectancy of a furnace is 15 to 20 years, and for air conditioning equipment, it’s only 10 to 15. Even if your old system is still chugging along, you can reap dramatic benefits by upgrading to newer, more efficient technology. If you live in the frost belt, replacing a 20-year-old furnace or boiler with a new one will pay for itself in 7 years, then start putting money in your pocket. In the sun belt, replacing central air conditioners that are just a decade old can have an even bigger return.
COST: $3,000 to $8,000 for an efficient furnace, boiler, or air conditioning unit *super-efficient equipment may be eligible for 30 percent tax credit under the American Recovery and Reinvestment Act of 2009 (link)
PAYBACK: $500 to $1,800 per year
TIP: To determine what energy retrofits will yield the biggest payback in your house, fill out the Home Energy Calculator worksheet at hes.lbl.gov.

And Don’t Forget These Freebies
Not every energy upgrade costs money or requires making an alteration to your house. Take these three, for example.

Turn down the temperature on your water heater by 10 degrees, and you’ll save 3 to 5 percent on operating costs. Many heaters are set at 140 degrees, but in most cases, 120 or even 115 degrees is plenty. Your shower won’t feel any different, because you’ll just mix in less cold water. And today’s dishwashers have their own heating units that boost the water temperature to sanitizing levels.
COST: free
PAYBACK: $15 or more per year

Adjust your normal day and night-time thermostat temperatures slightly higher in the summer and slightly lower in the winter. For each degree of change, you’ll save 3 to 5 percent on operating costs.
COST: free

PAYBACK: $150 to $300 per year for every 2-degree drop in the winter and increase in the summer.
Shorten your family’s normal shower lengths by 5 minutes. You can do this by using a kitchen timer or watch alarm to get everyone out of the habit of lingering endlessly under the spray.
COST: free

PAYBACK: $100 per year for each family member who shaves 5 minutes off their average shower time.

Now this can't be all hard, but can be all good!
Call me for your Real Estates needs, I am here to help!
Kim Duclos http://www.callkim.net/ (888) 949-2890
Coldwell Banker Wardley

Friday, May 28, 2010

Water Smart in Southern Nevada

While daily watering is permitted beginning on May 1st, it's best to watch what your lawn and plants actually need....don't over water. With our current fluctuating weather, and some cooler temps, you may be able to water less, and therefore save some money.

Here are some tips offered by the Southern Nevada Water Authority.

1. Cycle and soak. Run sprinklers in 3 cycles of 4 minutes with 30-90 minutes between each cycle ... always before sunrise.

2. Run drip less. Drip irrigation is recommended up to 3 days a week in summer, with 1 cycle of 30-90 minutes on those days, depending on the volumes of the emitter and plant needs.

3. Be selective. Water dry spots with a hand held hose at any time of day.

4. Shut off water sprinklers on windy days. Winds can send water in unintended areas. It also evaporates with the wind and puts your lawn at risk of fungus...not to mention water waste.

5. Check your irrigation system regularly. Supervised testing is allowed at any time of the day. A good time to check the sprinklers is after you mow the lawn. Do a quick check and allow your sprinklers to run through a cycle. Look for broken and misaligned sprinkler heads and check for clogs and breaks.
Enjoy your yard this summer, water smart and be wise.
Kim Duclos..............Coldwell Banker Wardley..............(702) 521-3939..........www.CallKim.net.....

Sunday, May 2, 2010

Las Vegas Selected for Pilot Program from Fannie Mae

Las Vegas Selected for Pilot Program from Fannie Mae

I was reading an article from our Board of Realtors (GLVAR Realtor Bytes) and it had some great information on Fannie Mae financing and it's relationship to Las Vegas, take a look......

A pilot program from Fannie Mae could help level the playing field between cash-laden investors and owner-occupants bidding on low-priced foreclosure homes in Las Vegas.Fannie Mae is extending the "First Look" grace period in Nevada from 15 days to 30 days effective Monday.
(this is great news...it allows owner occupants extra time to secure a home with out having to compete with the investors) That gives buyers who plan to make the home their primary residence first shot at purchasing a foreclosure within 30 days of its listing. At least
50 percent of foreclosure sales in Las Vegas are cash-only transactions. The bank will almost always take the cash offer because there are no contingencies, no appraisal required and no conditions such as the pending sale of another home. All-cash, owner-occupant purchases will require certification as an addition to the Fannie Mae purchase addendum. Properties that go to contract before the end of the 30-day period and subsequently fall through will be relisted with a new 15-day marketing period. Fannie Mae Chief Executive Officer Michael Williams said the 30-day period could later be replicated across the country if it succeeds in Nevada. He estimated the potential cost of carrying the properties on the books for a longer period of time at $60 million nationwide. "However, given the unique market conditions in Nevada, we found it to be cost-neutral to extend the grace period from 15 to 30 days across the state."

More information on the First Look initiative and Fannie Mae-owned properties can be found at: http://www.homepath.com/.
Please call me with your your real estate questions. Now is a great time to buy and sell.
(888) 949-2890
(702) 521-3939
Source: Realtor Bytes dated April 30,2010

Saturday, April 17, 2010

Death Valley in Bloom

Spectacular Event!

You and your family should take a vacation and see the remarkable peak blooming periods in Death Valley....a spectacular event you will not forget.


Peak Blooming Periods for Death Valley are usually...Mid February - Mid April at lower elevations (valley floor and alluvial fans)


* Best Areas: Jubilee Pass, Highway 190 near the Furnace Creek Inn, base of Daylight Pass

* Dominant species: desert star, blazing star, desert gold, mimulus, encelia, poppies, verbena, evening primrose, phacelia, and various species of cacti (usually above the valley floor).

Early April - Early May at 2,000 to 4,000 ft. elevations

* Best areas: Panamint Mountains* Dominant species: paintbrush, Mojave desert rue, lupine, Joshua tree, bear poppy, cacti and Panamint daisies.

Late April - Early June above 4,000 ft. elevations

* Best areas: High Panamints* Dominant species: Mojave wildrose, rabbitbrush, Panamint daisies, mariposa lilies and lupine.


and don't forget.....call Kim for your real estate needs!
(888) 949-2890
(702) 521-3939

Sunday, April 4, 2010

Clue Report


Homeowner’s Insurance and the CLUE Report

In recent years, home insurance rates have gone up, but many homeowners may not realize why. Of course natural disasters, recent mold litigation losses, even an individual’s credit history, can increase insurance rates. But many buyers have questions when it comes to something called the CLUE report.

This summary offered by Win Home Inspections explains how this report can affect how much homeowners pay for insurance and it’s causing a lot of confusion and controvercy. The insurance industry says CLUE reports help keep costs down, and opponents say the reports can be a home buyer’s nightmare. There are two major property claims databases, CLUE (the Comprehensive Loss Underwriting Exchange) and A-Plus (Automated Property Loss Underwriting System).

Most people refer to the reports generated by either system as CLUE reports.
CLUE was created in 1992 and is administered by ChoicePoint, a data management company. Some 600 homeowner’s insurers contribute claims data to it. The insurance Services Office, an insurance industry organization, runs A-Plus to which about 1,250 companies contribute. Insurers contribute loss data can also withdraw information from the exchange. According to the Insurance Information Institute (III), a typical homeowner files a claim only once in 10 years. Since the data is only kept for five years, most people have no CLUE record. Data provided in CLUE reports include policy information such as name, date of birth, policy number and claim information such as date of loss, type of loss and amounts paid.

Homeowners can get an electronic or mailed copy of their own CLUE report for a small fee of $9.00 or less, depending on which state they reside in. If a homeowner lives in Maryland, Georgia, Massachusetts, Colorado, Vermont or New Jersey, they are entitled to a free copy of their consumer report.

Unfortunately, if a buyer is in the process of purchasing a home, they can’t order a copy of the home’s CLUE report. It must be done by the seller. Sellers who suspect errors may contact ChoicePoint or their insurance agency, which must follow certain procedures to investigate the discrepancy.

CLUE reports are playing an increasingly important role in real estate transactions. Many buyers now stipulate that a CLUE report on a home must be included with the real estate transaction.

One of the most controversial issues surrounding the information found in the CLUE database is that an innocent inquiry from a homeowner to their insurance company concerning their deductible or a possible claim, can trigger a file to be opened in the CLUE database-even if the homeowner does not file a formal claim.

Most state insurance laws allow insurers 60 days after issuing a policy to thoroughly review all the underwriting information, including CLUE reports, and cancel a policy if new information comes to light that makes the risk unacceptable. However, a homeowner’s policy must be in place at closing and since many home buyers leave purchasing a homeowners policy to the last minute, the insurer may not have checked all the underwriting material by the time the closing takes place. This may leave issues that could arise after the home has closed and the buyer has moved into the property.

Because of this, Realtors are now encouraging buyers to start shopping for coverage early in the real estate transaction process and include a contingency that the purchaser is satisfied with the insurability of the property.


Feel free to call me with questions
Kim Duclos
Coldwell Banker Wardley
(888) 949-2890 (702) 521-3939




© 2005-2007 WIN Home Inspection is a registered trademark of World Inspection Network International, Inc. and franchisor of home inspector services.

Saturday, March 27, 2010

Will You Owe Once Your Home is Foreclosed On?

It is extremely important to work with a Real Estate Professional in today's real estate market. Don't be left hanging off the cliff without help. I am here with hand extended and ready to assist in your real estate needs. Many homeowners facing foreclosure or perhaps negotiating on a short sale must know what the true ramifications of the default or short sale will be and what responsibility lies on their shoulders once the process is complete.

I was reading on one of my real estate informational sites and came across an interesting article in Rismedia. Please read and call me with your questions, I am here to assist you.

Home owners defaulting on mortgages today may be surprised to learn years from now that they still owe thousands of dollars—and a collection agency is coming after them to get it.
That’s because lenders have been quietly selling second mortgages and home equity lines left unpaid after foreclosures and short sales. The buyers: collection agencies, which in some states have years to make a claim. If they win court judgments, these collectors could have years to pursue borrowers with repayment plans, and even garnish their wages, said Scott CoBen, a Sacramento bankruptcy attorney.

“The only relief a consumer will have is entering into a debt negotiating plan or filing for bankruptcy,” said Sylvia Alayon, a vice president with the New York-based Consumer Mortgage Audit Center. The firm provides mortgage analysis to lenders, advocacy groups and attorneys.
The phenomenon suggests an ominous, looming echo of today’s real estate meltdown. As debt collectors surely seek at least partial repayment of millions of dollars in unpaid home loans, some say renewed financial stresses on tens of thousands of local consumers could dampen economic recovery.

“I think there will be a lot of unhappy people when it hits,” said CoBen. “We saw this in the ’90s. This is not really new. Just when you think you’re back on your feet, you’re making money and the economy’s good, they hit you with this.”

Alayon said most people are so stressed out and exhausted by trying to save their homes today that they are unaware they could face another hit later. And many who are losing homes don’t get the advice necessary to prevent future fallout, say nonprofit loan counselors.
“You’ve got tens of thousands of people in California who have this hanging over their heads who don’t even know it,” said Scott Thompson, principal at for-profit Mortgage Resolution Services in Carmichael, Calif. He fears a new wave of bankruptcies might flatten people just starting to recover from losing their homes.
“So many of these are people with 750 or 800 credit scores who made a bad decision,” said Thompson. “Or they’re people who suffered income cuts. These are people, in terms of the economy, whom we need to participate.”

But an entire industry is gearing up to buy their debt at deep discounts and collect what they can, Alayon said. “It’s a big business and investors are coming out of the woodwork. It’s a very lucrative business,” she said. Real estate insiders and financial players know it as “scratch and dent.”

Regionally, no one knows for sure how much unpaid debt is on the line. CoBen said people who used their borrowings for a traditional loan on a house in which they lived generally have little to worry about. But borrowers may be vulnerable in years ahead—generally, those who defaulted not only on their first mortgage but also on a home equity loan or second mortgage.
In California, banks can’t collect from borrowers for primary, so-called “first-lien,” loans that go unpaid. When a house is foreclosed or sold through a short sale, the lender of the first loan gets the house back or the proceeds from another buyer. But banks also made thousands of “second-lien” loans, including those used to finance 20% down payments during the housing boom. A separate category of “seconds” includes home equity loans and home equity lines of credit. Nationally, about 3.4% of those loans are currently delinquent, according to Foresight.

Owners are generally, but not always, on the hook for the second loans left over from a foreclosure or short sale. Most investor mortgages, too, leave the borrower liable for potential unpaid debt. In many short sales, experienced real estate agents or attorneys can negotiate away debt obligations for the second-lien loan. But many inexperienced borrowers don’t know that, and sign final-hour agreements giving lenders the right to pursue them later.

“Seek advice,” counseled Doug Robinson, spokesman for national nonprofit mortgage counselor NeighborWorks America. He said nonprofit counselors can help. “Often when you work with a real estate agent, they’re not really equipped to handle the repercussions. They’re set up to make the sale,” he said.

Government forces are already moving to limit potential damage to millions now struggling with home loans. A new Obama administration short sale program aims to prevent banks that hold second-lien loans from pursuing collections from homeowners after the short sale. It goes into effect April 5, 2010 and works this way: Sellers will receive notice that their servicer has steered part of the sales proceeds to secondary lien holders “in exchange for release and full satisfaction of their liens.” This release would apply only to short sales done through the administration’s Home Affordable Foreclosure Alternatives program.

In California, Democratic state Sen. Ellen Corbett recently introduced SB 1178, which would expand California’s protections for some people who refinance and take on a second mortgage.
People who refinance, but use the funds to improve their homes or to stay in their homes with a better interest rate, would be protected. Lenders could not seek court judgments to collect from these borrowers in the event of foreclosure or short sales.

“If you refinance a property and aren’t using the money for personal reasons, you shouldn’t lose your personal protections,” said California Association of Realtors lobbyist Alex Creel. He said the idea has been around for years but has become more urgent as thousands lose income and fall into mortgage trouble. The bill would apply to all foreclosures or short sales that occur after it becomes law. It doesn’t matter when the loan was made, Creel said. SB 1178 is still in the early stages of consideration. It must clear both houses of the Legislature and be signed by Gov. Arnold Schwarzenegger by Sept. 30 in order to take effect.

****** This is good information, but I will reiterate that a professional realtor can help. You must look to a EXPERIENCED LICENSED REALTOR, ask the questions about their experience and their capabilities in this volatile market.


Feel free to call me toll free @ 888-949-2890






RISMEDIA, March 27, 2010

Tuesday, March 23, 2010

Those Who Wait Will Pay Thousands More This Spring

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big. Here are a few reasons why: On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7,000 down payment, the up-front mortgage insurance will increase by $965. Up-front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal but overall, the increase is still borne by the borrower both upfront and monthly. It is important to note that in order to be eligible for the lower cost up-front mortgage insurance, a lender has to order a case number from the FHA before April 5th. A case number can only be generated for loan applications where a property is involved and a fully executed purchase contract exists. Home buyers who have been pre-approved but are not under contract will not be eligible for the reduced premium effective April 5th. Later this spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these "seller concessions" can increase the amount of cash a buyer will be required to pay at closing by $6,000 for a home purchase of $200,000. There is only one way to avoid being affected by all of these costly changes that lie ahead – submit all FHA mortgage applications by the last week of March.
If I can answer any questions you may have about how these changes could impact you, call me.

Kim Duclos @ (702) 521-3939 or toll free @ (888) 949-2890




Sunday, March 21, 2010

Deadline Looming on Current Tax Credit - Act Now


Tax Credit in General

For first time homebuyers, there is a refundable credit equal to 10 percent of the purchase price up to a maximum of $8,000 ($4,000 if married filing separately). A first-time homebuyer is an individual who, with his or her spouse if married, has not owned any other principal residence for three years prior to the date of purchase of the new principal residence for which the credit is being claimed.

1. There are several situations in which a taxpayer cannot claim the credit:
2. The taxpayer is a nonresident alien;
3. The taxpayer purchases a home located outside the United States;
4. The taxpayer sells the home or if it stops being the taxpayer’s principal residence in the
year the taxpayer purchased the home;
5. The taxpayer receives the home, or any portion of the home, as a gift or as an inheritance;
and The taxpayer exceeds the income limits.

The Worker, Homeownership, and Business Assistance Act of 2009 extended and expanded the tax credit for first time homebuyers that had been created in 2008. The new law extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. If a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase.

Members of the Armed Forces and certain federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and still qualify for the credit. An eligible taxpayer must buy or enter into a binding contract to buy a home by April 30, 2011, and settle on the purchase by June 30, 2011.

ACT NOW! Call me and I can facilitate a home purchase or sale here in the Las Vegas Vally.

(702) 521-3939 direct (888) 949-2890 toll free http://www.callkim.net/
Kim Duclos
Coldwell Banker Wardley