Monday, October 24, 2011

THIS IS FALSE !!! I just talked to my Advisor... If you sell your house after 2012 you will pay a 3.8% sales tax on it?

The National Association of REALTORS is all over this and working to 
get it repealed, before it takes effect. But, I am very pleased we
aren't the only ones who know about this ploy to steal billions from
unsuspecting homeowners.


How many REALTORS do you think will vote Democratic in 2012?

Did you know that if you sell your house after 2012 you will pay a
3.8% sales tax on it? That's $3,800 on a $100,000 home, etc. When didthis happen? It's in the health care bill and goes into effect in

Why 2013? Could it be to come to light AFTER the 2012 elections? So,
this is "change you can believe in"?

Under the new health care bill all real estate transactions will be subject to a 3.8% Sales Tax.If you sell a $400,000 home, there will be a $15,200 tax.



This bill is set to screw the retiring  generation who often downsize
their homes.  Does this make your November and 2012 vote more

Oh, you weren't aware this was in the Obamacare bill? Guess what, you aren't alone. There are more than a few members of Congress that
aren't aware of it either!>


HUD Offers REO Homes for $100 Down in Select States

HUD has approved a program aimed at putting foreclosed homes back into the hands of owner-occupant buyers.

In select states, from now into October of next year, buyers need a down payment of only $100 to purchase a HUD-owned REO home.

The buyer must be an owner-occupant, utilizing financing insured by the Federal Housing Administration (FHA). Standard FHA underwriting guidelines apply, and the sale must be for the full amount of the current list price.

The $100 down payment incentive program has been approved for two of HUD’s four national regions – the regions managed by the Denver Homeownership Center and the Atlanta Homeownership Center. HUD homes in the states listed, as well as the Caribbean are currently eligible for the program.

Denver Homeownership Center’s Jurisdiction:

  • Arkansas
  • Colorado
  • Iowa
  • Kansas
  • Louisiana
  • Missouri
  • Minnesota
  • Montana
  • Nebraska
  • New Mexico
  • North Dakota
  • Oklahoma
  • South Dakota
  • Texas
  • Wisconsin
  • Wyoming
  • Utah

Atlanta Homeownership Center’s Jurisdiction:

  • Alabama
  • Florida
  • Georgia
  • Kentucky
  • Illinois
  • Indiana
  • Mississippi
  • North Carolina
  • South Carolina
  • Tennessee
  • Caribbean

HUD’s $100 down payment incentive program can also be applied to an FHA 203k loan, which can be used to fund repairs and renovations on the home. The 203k program allows buyers to finance both the mortgage and additional money for rehabilitation needs with a single government-insured loan.

Matt Martin, CEO of Matt Martin Real Estate Management (MMREM), says this is one of the most exciting features of the new incentive program and should drive a lot of exposure to FHA’s 203k offering.

MMREM is under contract with HUD to assist with disposition sales of its repossessed homes. MMREM handles properties throughout 16 states, or about a third of HUD’s REO portfolio.

With an FHA 203k loan, “buyers can find a property that needs some TLC, fix it up however they want to, and finance the whole thing for $100,” Martin explained.

MMREM is excited to work with this recent initiative, in a way that it supports putting HUD homes back into the hands of homeowners,” Martin said.

In addition to $100 down instead of FHA’s typical 3.5 percent down payment, HUD says it will also cover up to 3 percent of the closing costs in most cases.

7 Days to Halloween in Utah - GARDEN AFTER DARK | Red Butte Garden

This would be a wonderful event for all the family. With crafts and activites.



October 20-22 & 27-29
6:00 PM - 9:00 PM

The night is alive! Come experience everything that wakes up or lights up at nighttime, even plants and animals that glow on their own! Visit the Garden for a celebration of the many ways nature and even humans light up the night. With crafts, activities, light displays and more this is an event you definitely don’t want to miss!

October brings the beloved Garden After Dark, an indoor/outdoor, costume and kid-friendly romp through the Garden to celebrate Halloween. Join us!

Members: $5
Public: $10

AVOID WAITING IN LINE TO PURCHASE YOUR TICKETS! Purchase your tickets for each night of Garden After Dark ahead of time and pick them up at will call the night of. You may purchase tickets ONLINE, by calling (801) 585-0556 or in person at the Visitor Center front desk.



Click here for a larger printable map.