A special “Thank You!” to Julie Sandlin of First American Title for sending this along this morning.
 
Frequently Asked Questions:
First Time Home Buyer Tax Credit of $8,000
 
1. Who is eligible to claim the tax credit?
First-time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a [...]

Fannie Tries Short Sales Over Foreclosures
Fannie Mae has launched pilot projects in Phoenix and Orlando intended to reduce foreclosures by pre-approving short sales, agreeing on a price and the loss it will take prior to a deal even being made. It is hoped the program will improve the popularity of short sales among real estate [...]

Thank you to Laurie SantaMaria, Stewart Title, for sending this tidbit in an email this morning.

Homesale exclusion rules tightened

Most homeowners are aware of the homesale exclusion, a provision of the
tax laws which provides that homeowners who sell their principal residence
typically don’t need to pay taxes on as much as $500,000 of their gain if
they meet certain conditions. [...]