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 Christine's Blog 
 Your Chapel Hill Realtor 
Carolina Performing Arts Presents Overtone Quartet Feb. 10, 2012
Carolina Performing Arts presents the Overtone Quartet, February 10, 2012 at the UNC Memorial Hall in Chapel Hill, NC. The performance will begin at 8 p.m. Grammy-winning bassist Dave Holland will join the Overtone Quartet – known as the next generation of masters – featuring Jason Moran, experimental pianist and composer, Chris Potter and Eric... [Continue Reading]
more >>
Chapel Hill Transit Plans at a Crossroads
Chapel Hill Transit Plans at a Crossroads Chapel Hill transit plans are the subject of a disagreement. A dispute over two points on the light-rail connection between Durham and Chapel Hill led to meetings between the County Commissioners and the City Council. An agreement was reached allowing officials from Orange and Durham counties to send... [Continue Reading]
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Top 7 Selling Features of Chapel Hill Homes For Sale
Top 7 Selling Features of Chapel Hill Homes For Sale What do you think interests prospective buyers who are looking at Chapel Hill homes for sale? What are the features that will make them more apt to buy a home? Here are some of the most popular features that should be addressed when readying Chapel... [Continue Reading]
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Chapel Hill Realtor’s Pick of the Month – 109 Ledge Lane ~ Chapel Hill
Chapel Hill Realtor’s Pick of the Month – 109 Ledge Lane ~ Chapel Hill Chapel Hill Realtor, Christine Khoury has chosen 109 Ledge Lane as the property of the month. It is not difficult to see why the Villa on Ledge Lane was chosen. As an American interpretation of a Tuscan villa, this property is... [Continue Reading]
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Q & A Chapel Hill Home Office Deductions
Q & A Chapel Hill Home Office Deductions Is your Chapel Hill home also your office? Today many people are finding it convenient to work from their homes. It reduces the cost of commuting and with the widespread use of computers jobs that once required going to an office can now be accomplished at home.... [Continue Reading]
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Chapel Hill Realtor’s Home Energy Savings Tips – Winter Edition
Chapel Hill Realtor’s Home Energy Savings Tips – Winter Edition Christine Khoury, your Chapel Hill Realtor, has some energy saving tips for residents. She recommends updating old fireplaces within the home with energy-efficient wood burning fireplaces. According to Christine, the old fireplaces allow a great deal of heat to escape through the chimney. If you... [Continue Reading]
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Best Chapel Hill Neighborhoods – Meadowmont
Best Chapel Hill Neighborhoods – Meadowmont The Chapel Hill neighborhoods, Meadowmont community is named after a Georgian Revival estate, a 20,000 square-foot home built in 1933 by the DuBose family. Unlike many neighborhoods today, this community is evocative of the Chapel Hill of days gone by with trees, attractive homes and low stone walls adding... [Continue Reading]
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Mistakes made when Selling Properties in Chapel Hill
Mistakes made when Selling Properties in Chapel Hill When selling properties in Chapel Hill, homeowners need to consider a few factors. The best way to ensure the properties will sell and not sit on the market for a long time is to do your homework before listing the home. Mistakes that are made can be... [Continue Reading]
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How To Turn Your Lowered Chapel Hill Home Value Into Tax Relief
How To Turn Your Lowered Chapel Hill Home Value Into Tax Relief Is your Chapel Hill home over-assessed resulting in more taxes being paid? Although homes often are, you should be careful about challenging an assessment because it could be decided that it is actually too low. This would result in an increase in your... [Continue Reading]
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Is a Chapel Hill Home Purchase in the Cards? Take the Test
Is a Chapel Hill Home Purchase in the Cards? Take the Test Are you ready to take advantage of low interest rates and buy a Chapel Hill home? There are many from which to choose currently as well. In addition to the availability of affordable homes when compared to median incomes, this may be a... [Continue Reading]
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Tuesday, 19 May 2009
Buyers Credit $8K and the confusion about it!
There’s some confusion and a lot of contradictory info floating around on the tax credit being available at closing for first time buyers so here’s the latest:

HUD took all the info about the program off of their website and they are analyzing issues with allowing for the tax credit to exist in any form at closing.  The greatest and most obvious problem is that borrowed funds for down payment are against FHA guidelines.

As a rule, it is important to remember that if HUD or any other source puts together a possible program it doesn't mean it will actually reach the marketplace in practice. Keep in mind that most lenders have overlays (adding extra rules and guidelines to a program) and many will choose to not even participate in a new program at all.  

More information available from:    ToddBarbour.Com

 HUD has rescinded their Mortgagee Letter 9-15 which allowed tax credit loans.  
POSTED BY: Christine Khoury AT 05:40 pm   |  Permalink   |  E-mail this
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 Your Chapel Hill Realtor 
Carolina Performing Arts Presents Overtone Quartet Feb. 10, 2012
Carolina Performing Arts presents the Overtone Quartet, February 10, 2012 at the UNC Memorial Hall in Chapel Hill, NC. The performance will begin at 8 p.m. Grammy-winning bassist Dave Holland will join the Overtone Quartet – known as the next generation of masters – featuring Jason Moran, experimental pianist and composer, Chris Potter and Eric... [Continue Reading]
more >>
Chapel Hill Transit Plans at a Crossroads
Chapel Hill Transit Plans at a Crossroads Chapel Hill transit plans are the subject of a disagreement. A dispute over two points on the light-rail connection between Durham and Chapel Hill led to meetings between the County Commissioners and the City Council. An agreement was reached allowing officials from Orange and Durham counties to send... [Continue Reading]
more >>
Top 7 Selling Features of Chapel Hill Homes For Sale
Top 7 Selling Features of Chapel Hill Homes For Sale What do you think interests prospective buyers who are looking at Chapel Hill homes for sale? What are the features that will make them more apt to buy a home? Here are some of the most popular features that should be addressed when readying Chapel... [Continue Reading]
more >>