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AmeriDream

Nehemiah, Ameridream, HART – Countdown to Extinction….Is FHA Justified?

H.R. 3221 Housing and Economic Recovery Act of 2008, aka Foreclosure Prevention Act, is scheduled to be signed by President Bush on Monday, July 28th and is projected to save over 400,000 American homeowners from foreclosure.

Nestled deep in this 700 page bill, located on 479-481 you will find the end date of October 1st, 2008 [...]

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National Association of REALTORS® Summary of Key Provisions of HR 3221 – The Housing Stimulus bill (as of 7/28/08) – Complete with my .02 to make sense of it all

by Scott Schang November 10, 2009 Uncategorized

This is a summary provided by the National Association of Realtors® yesterday ( 7/28/08 ) – under each section I will translate into English because much of this sounds like it was written by lawyers.

The NAR summary will be identified with a bullet point, my commentary identified as NOTE:
Following is a summary of the key [...]

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H.R. 6694: The Fight to Save Nehemiah

by Scott Schang November 10, 2009 Uncategorized

August 18th, 2008 – Important Update: Many of the lenders are cutting off Seller Assisted Down Payment Grants effective immediately. The last day FHA will buy a loan with Nehemiah is October 1st, 2008.

As the fight for Nehemiah continues do not lose hope, there are still many down payment assistance programs available if you are [...]

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Breaking News from Nehemiah – Update on H.R. 6694

by Scott Schang November 10, 2009 Uncategorized

If you haven’t already, go to DPA Groundswell to keep up to date on the fight to preserve Nehemiah, HART and Ameridream. I received this email on Tuesday night with great news about the fight to save DPAs
Chairman Frank and HUD Secretary Preston Negotiate DPA Agreement
Chairman of the House Financial Services Committee, Barney Frank, has [...]

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HR 600 looks to revive seller paid down payment assistance programs, Nehemiah, Ameridream, HART

by Scott Schang November 9, 2009 Down Payment Help

I received an update email from the Nehemiah Outreach department on Friday regarding a new bill being introduced by Rep. Al Greed (D-TX) that would revise H.R. 6694 and restore seller-funded down payment assistance.

Here is the email:
DPA Supporters,
DPAGroundSwell2 was launched today to coincide with the introduction of H.R. 600, FHA Seller-Financed Downpayment Reform Act of [...]

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H.R. 600 – FHA Seller -Financed Downpayment Reform Act of 2009

by Scott Schang November 5, 2009 Down Payment Help

Here’s an important update from GroundSwell2 – a grass roots effort to save FHA Seller-Financed Downpayment Assistance:
Downpayment Assistance = Economic Impact

Downpayment assistance (DPA) programs in the U.S. had a major beneficial impact on the economy last year, creating $38.6 billion in revenues, 235,000 jobs, and $4.6 billion in total tax revenues, according to an economic-impact [...]

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Ameridream Down Payment Assistance Program

by Scott Schang November 3, 2009 Down Payment Help

Down Payment Assistance
The AmeriDream Downpayment Assistance Program was created to overcome the greatest barrier to homeownership, the downpayment. The program provides an opportunity for qualified low to moderate income individuals and families to purchase affordable homes by receiving money for the downpayment on a home. Homebuyers never have to repay the gift from AmeriDream. The [...]