November 2009

146 Palm Coast Resort #407 - $300,000- SOLD BY TAKE ACTION PROPERTIES

Wow unbelievable price on this unique K unit only 8 available in the Palm Coast Resort with a panoramic view of the Intracoastal. Fully furnished for an unreal price of $350K most of these residence sold for well over $500k for an additional $20K become a renown owner of the Hammock Beach club, with the multi million dollar pool complex, and owner events to keep every age group busy. Hurry at this price it won’t last long.

Click here for a Virtual Tour!

Listed by By Appointment Only Marketed by Take Action Properties Call 386-569-6947 for more information on this and more properties in the Palm Coast Resort.

Existing-Home Sales Record Another Big Gain, Inventories Continue to Shrink

Driven by the first-time buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established over the past seven months, while inventories continue to decline, according to the National Association of Realtors®.

Existing-home sales – including single-family, townhomes, condominiums and co-ops – surged 10.1 percent to a seasonally adjusted annual rate¹ of 6.10 million units in October from a downwardly revised pace of 5.54 million in September, and are 23.5 percent above the 4.94 million-unit level in October 2008. Sales activity is at the highest pace since February 2007 when it hit 6.55 million.

http://www.realtor.org/press_room/news_releases/2009/11/record_big

Posted by Christina Portz

Beware Of Walking Away From Your Home/Mortgage!

A comment that I am hearing more and more often is…”Why shouldn’t I just walk away from my home?” “I have friends/family that have walked away and the bank did nothing”.

I would say to you that just hearing through the grapevine can be very detrimental to you without doing your homework first.

It is always best to seek a professional’s advice whether it is a Realtor, Certified Public Accountant or Attorney. Don’t take your neighbor’s word for it! This can be very dangerous.

A bank may have the right to seek the deficiency of your mortgage in the future.

When you commit to a mortgage you have legal documents that are drafted between you and your lender (Mortgage Company). These documents stipulate what happens in the event of default. If you have your closing documents from when you purchased the home, read it line by line. If you have questions seek the advice of an experienced professional, like the agents at Take Action Properties. 

The next statement that comes from clients is, “My mortgage company is not the same one I started with so those documents I signed at closing do matter anymore”. This statement is incorrect. What happens is that your original lender sold your mortgage to another lender. The documents you signed will still stand with the new lender. Read your documents they will state that you agree to honor the documents if it changes lenders.

There are many options for you and the lenders are coming up with more and more incentives to work with them. Certain lenders will offer you money for moving expenses if you assist them with a short sale. Others will help you to qualify for a loan modification if you want to stay in the home. There are many new solutions with mortgage problems that affect much of the nation. Your not alone in this, we are here to help you.

The mortgage company wants to know what your hardship is. Have you lost a job, had a reduction of hours, divorce, death…there are many more “catastrophes” that may qualify you for many different mortgage options that lenders have.

One of the other statements is “I don’t have money to have you help me with selling my home!” If your home qualifies for a “short sale” the bank pays for all the agents commissions and if negotiated right, all the closing costs.

The agents at Take Action Properties, LLC have helped many families sell, rent or stay in their homes by negotiating with your lender on your behalf. We are well aware of how emotional this can be and we would love for you to be freed from the undue stress of understanding what to do next.

Please don’t feel hopeless with your situation, call us and we will make sure you have all the information to make an informed decision on what could be a solution to your mortgage problems.

Call Take Action Properties for options that are available!  386.569.6947

 

Written by Christina Portz

Tax Credit Extension Passed And It Includes Current Homeowners!

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
• Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010. 
• Call Take Action Properties today for a list of homes for purchase in your area!

http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

Posted by Christina Portz

How to file for the First-Time Homebuyer Tax Credit

The credit is claimed using Form 5405  Which you file with your original or amended tax return. I have added a link to the IRS.GOV site for additional information below. Feel free to click the link above to have a printable form to file.

For full information on the $8000 First time  home buyers tax credit click the link below to be directed to IRS.GOV for information on how you qualify and how to stay qualified.

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

Thank you and call Take Action Properties for any additional information you may need.

Best Wishes,

Take Action Properties, LLC

386-569-6947

What tax form do I need for the energy efficiency tax credits?

To claim the tax credit for energy efficient products ” placed in service” in 2009, you will need to file the 2009 IRS Form 5695 and submit it with your 2009 taxes (by April 15, 2010). Currently, only a DRAFT version of the 2009 IRS Form 5695 is available (without the instructions section). For products “placed in service” in 2010, you would take the tax credit on your 2010 taxes.

For more details on what quailifies for energy efficient tax crdit click the link below. Don’t forget to hit the back browser to come back and check out more infomation on our website.

http://energystar.custhelp.com/cgi- bin/energystar.cfg/php/enduser/std_adp.php?p_faqid=2928