| HUD Announces $8000 Tax Credit can be used as downpayment for Homebuyers |
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News from NAR: Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment. ... more
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| Convention 2009 Registration Now Open: Falling Leaves. Rising Opportunity. |
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Expand your horizons this fall, and grow professionally at the 2009 MAR Convention & Expo. Online registration is now open for the Convention & Expo, which is being held October 7-9, 2009 at the Grand Traverse Resort & Spa, in Acme, MI. ... more
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| 2009 NAR Midyear Meetings: Moving the REALTOR® Agenda forward in Washington D.C. |
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The National Association of REALTORS (NAR) is holding their annual Midyear meetings this week in Washington D.C. The mid year meetings provide an opportunity for each state association the chance to meet with their legislators on Capitol Hill in Washington D.C. The MAR Federal Political Coordinators, along with over 130 REALTORS® members from around the state, are in Washington D.C. this week to meet with members of the Michigan delegation on industry-related issues. ... more
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| MAR Announces New Mortgage Foreclosure Initiative |
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Local Association Executives from across the state will meet in Lansing on May 1 to continue work on Michigan's Foreclosure Prevention and Response Initiative. With the continued economic downturn and mortgage foreclosure crisis expanding nationwide, NAR has allocated funding for state and local programs designed to assist REALTORS® and homeowners navigate the complex foreclosure process. ... more
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| Michigan’s Loan Officer Registration Soon to be Licensing |
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In April of 2008 the state of Michigan passed a law requiring loan officer registration within the state. This new registration law took effect on April 1 of this year. The link below will provide you with a search tool for identifying registered loan officers in the state of Michigan. ... more
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| Time is running out to take advantage of The Principal Residence Exemption: Forms are due May 1st |
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Last year, you may recall the Passage of Public Act 96 of 2008, which enables home sellers to retain 2 principal resident exemptions for property still on the market after the seller has moved elsewhere in the state. To obtain the exemption, home sellers need to submit the “Conditional Rescission of Principal Residence Exemption Form #4640". ... more
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| Listen to the April MAR Government Affairs Podcast |
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Listen to parts 1 & 2 of the April MAR Government Affairs Podcast. Topics discussed include: Senate Pass Property Tax Relief Legislation, House Eyeing Ballot Initiatives, School Sinking Funds and 90 Day Stay on Foreclosures. ... more
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| State Senate Committee Moves Foreclosure Legislation |
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Legislation to give homeowners on who are on the brink of losing their home a 90-day period to work out a payment plan with their lending institution passed the Senate Banking and Financial Institutions Committee last week. House Bills 4453-4455 would allow consumers who are on the brink of foreclosure a 90-day period to attempt a loan modification plan. ... more
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| State Legislation on the move to provide a $10,000 Homebuyer Tax Credit |
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Legislation is on the move under the Capitol Dome to provide homeowner relief by way of a tax credit. Senate Bill 346, provides a tax credit for all homebuyers purchasing a home as their principle residence. If passed, the tax credit would be available to Michigan homebuyers from January 1, 2009 to January 1, 2011. ... more
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| MAR Introduces “Right Tools Right Now.” Initiative for Members |
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As REALTORS® in uncertain times, searching for solutions to help us in our daily efforts can be a time consuming and trying process. Luckily, our local, state and national associations have been taking the initiative to build programs and provide tools to help us. Your MAR Directors, would like to introduce an exciting program - “Right Tools, Right Now,” brought to you from the National Association of REALTORS®. We had an opportunity to attend a presentation about this program and can personally assure you that you will truly be impressed by the wide array of discounted or free products offered in “Right Tools, Right Now.” ... more
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