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The American Recovery & ReInvestment Tax Act of 2009, Revised and Offering you $15,000 to Buy a Home

February 6th, 2009 · 2 Comments

Lucky for you (and me!) Jay Thompson, a top notch real estate colleague from Arizona, wrote a great article of explanation regarding this revision, with good links as well. Jay is the Phoenix Real Estate Guy and his post is here.
The Tax Credit as initially devised, was a loan but now it seems as long [...]

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Tags: Cleveland Real Estate · housing trends · politics

If HUD Demolishes It’s Foreclosed Cleveland Homes, Does That Mean We Pay For It?

February 6th, 2009 · 6 Comments

I’m asking a serious question, and since it’s 2:00 am I can’t very well call anyone to get an answer. Senator Voinovich is not happy that HUD has sold homes to speculators (his term) when they should fix up the homes or tear them down instead. What got me thinking about this is the Mark [...]

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Tags: Cleveland Real Estate · neighborhood news