Blackacre 2.0first time home buyer | Blackacre 2.0 http://www.nyrelawyers.com Thoughts, Musings, Analysis on Law & Real Estate Tue, 07 Jun 2011 08:47:28 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Now You See It…Now You Don’t – is HUD Squashing Tax Credit as Down Payment Program????http://www.nyrelawyers.com/2009/05/now-you-see-it-now-you-dont-is-hud-squashing-tax-credit-as-down-payment-program/ http://www.nyrelawyers.com/2009/05/now-you-see-it-now-you-dont-is-hud-squashing-tax-credit-as-down-payment-program/#comments Mon, 18 May 2009 13:02:00 +0000 Kathleen Scanlon http://www.nyrelawyers.com/?p=16
  • Mortgage Assignments are Not the Real Estate Investor’s Dream!
  • Seasoning and FHA’s Time Restrictions on Resales – a Legal Analysis
  • Jack of All Trades and Master of None: Attorneys Wearing Multiple Hats in a Transaction
    • ]]>     I blogged last week about FHA's new plot to allow prospective purchasers to monetize the first time Home Buyer's $8,000 tax credit and use it as a down payment on the buy of a home. The Secretary of HUD made statements at a NARS meeting about the revolutionary plot and HUD drafted a Mortgagee Letter (ML 09-15) describing the plot more in depth (which I personally viewed and read on their website).

    But, ML 09-15 has disappeared from HUD's website and we are left wondering if HUD is already pulling the plug on this plot…

       

    Related posts:

    1. Mortgage Assignments are Not the Real Estate Investor’s Dream!
    2. Seasoning and FHA’s Time Restrictions on Resales – a Legal Analysis
    3. Jack of All Trades and Master of None: Attorneys Wearing Multiple Hats in a Transaction

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