DC foreclosures

 

 

 

 

 

 

A new search snippet for Madison WI distressed properties was just added to the Lake & City Homes Realty website. This shortcut search is in accessible from the homepage and displays updated listings and prices for all Madison WI  short sales, foreclosures, and REOs (also known as bank-owned real estate). Even though Madison WI has a very low foreclosure rate compared to many U.S. cities, it still has its fair share of repossessed properties. So check out some of the amazing deals on offer in the Madison WI housing market. In some cases prices are the lowest we've seen in a decade! In addition, rates have fallen below 5% and there is the added incentive of the $8K tax credit for first-time homebuyers who purchase by 12/1//09.…

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The new tax credit for first-time homebuyers that's included in the economic stimulus package was far less than the $20,000 the homebuilding industry wanted. Analysts expect the credit of 10 percent of the value of a home, up to $8,000, to provide only a modest boost to the battered U.S. housing market. Last year, Congress enacted a $7,500 tax credit for first-time buyers, but that had to be paid back over 15 years and the impact on home sales was negligible.

The tax credit is part of the economic stimulus package expected to be signed soon by Obama. It was scaled back from a Senate proposal of $15,000 and is limited to first-time buyers who act between January 1st, 2009 and December 1st, 2009. First-time buyers are defined as those who haven't owned a…

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