EMAIL: nancy@semonin.com
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- You must be purchasing a brand new home that has never been occupied.
- The home must be your principal residence for a minimum of 2 years.
- You must close on your home between July 26, 2009 and July 25, 2010.
- You must submit your application via fax only within 7 calendar days of closing on your home. The KY Department of Revenue will then notify you in writing if you qualify.
- Your application must be received before the $25,000,000 cap is reached.
- You Can Claim the Credit if All of the Following Apply:
- Homeowners who build newly constructed homes on their own land do not qualify for the credit based on KRS 141.388.
- http://www.revenue.ky.gov for additional information.
It will apply towards your tax liability with the state.
Nancy "KEITH" Cooper
Contact Info:
Office: South
Main Office: 502-713-5461
Mobile: 270-945-6085
Fax: 502-471-5604 e-fax
First and foremost if you want to stay in your
home here is the Kentucky link for help.
http://www.kyhousing.org/protect/
1-888-995-HOPE
Housing & Urban Development
1-800-569-4287
Veterans for financial counselor
1-800-827-1000
Fannie Mae Announces Deed for Lease™ Program
WASHINGTON, DC -- Fannie Mae (FNM/NYSE) is implementing the Deed for Lease™ Program under which qualifying homeowners facing foreclosure will be able to remain in their homes by signing a lease in connection with the voluntary transfer of the property deed back to the lender.
Kentucky has a restricted statutory right of redemption, which allows a party whose property has been foreclosed to reclaim that property by making payment in full of the sum of the unpaid loan plus costs and 10 percent interest. There is a time limit to undertake such redemption of one (1) year and this right of redemption is only available if the foreclosure sales price is less than 2/3 of the appraised value. The mortgagor's right to redemption is marketable and can be sold to a third party.
Consult your Attorney on these matters.
Use this checklist to ensure you have all the information you will need when you speak to your mortgage lender or housing counselor when going for a Loan Modification.
- Most recent income tax return with all schedules and W-2s;
- Two most recent bank statements;
- Two most recent pay stubs (if you receive them) or documentation of income you receive from other sources;
- Monthly mortgage statement showing the mortgage lender information and mortgage loan account number;
- Information about other mortgages on your home, if applicable;
- Account balances and minimum monthly payments due on all of your credit cards;
- Account balances and monthly payments on your other debts (such as student loans and car loans);
- Estimates of other monthly expenditures (such as utility bills, food expenses,
- insurance payments, and entertainment expenses);
- It may also be helpful to have a hardship letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.), if applicable
- If all else fails please consider a SHORT SALE and timing is very important
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For HUD homes and Forclosure listings for sale
Nancy Cooper is a registered HUD agent
search totally free
http://www.freeforeclosuredatabase.com/kentucky/louisville-kentucky_foreclosures.php
This page connects you to the services and information you need from your city government
http://www.louisvilleky.gov/Residents/
Foreclosure lenders come in myriad shapes and forms. The money to finance a foreclosure deal can come from many places, including personal investment funds, home equity lines of credit (HELOC), credit cards, financial companies, conventional mortgage loans, hard money lenders, private investors or an investment fund created by family and friends. Moreover, buyers can use any combination of the sources mentioned above to structure the foreclosure financing. For example, an investor could borrow 90 percent loan-to-value (LTV) on a conventional loan and borrow the remaining 10 percent using a line of credit (or credit card).
In the times we live in we have to begin to think outside of the box we're so accustom to.____________
Apply for a VA Loan Now!
- 100% Financing is available!
- Low, Fixed Rates!
- NO Mortgage Insurance!
- Low Closing Costs!
- Streamlined Rate Reductions!
- NO Downpayment Required!
This link is for VA REO properties with VA Vendee financing for investors and owner occupant and offered to ALL individuals.
Great interest rates. Please allow Nancy Cooper to show any of these homes.
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Kentucky Housing Corporation loans (KHC)
Programs available for first-time and previous home buyers. Refinancing with limited cash-out available.
Bond program. **Income restrictions apply.**
Increased income and purchase price guidelines mean more purchasing power.
Downpayment and closing costs assistance programs for qualified buyers.
Conventional, FHA, RHS, and VA loan programs with low interest rates.
Super-Targeted Rates – When available
Home buyer education and counseling programs.
Kentucky Housing loans are serviced in Kentucky
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Click on the virtual tour of the
DOE VALLEY COMMUNITY
Lots $3000 to $8500
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With the changing economy
my direction in the Real Estate Industry is
giving people options and hope for surviving in unusual times.
Nancy checks new construction with her clients! 
$5,000 Tax Credit for New Construction Homes!!
CERTAIN CONSTRUCTION SITES DO OFFER 1.5 POINTS OFF THE INTEREST RATES (FIXED FOR THE TERM OF THE LOAN)MAKING BUILDING AN UNBELIEVABLE BUY AND SOME DO PAY YOUR CLOSING COST PLUS YOU GET THE TAX CREDIT. "WHAT A DEAL".
I welcome feed back on the articles you would like to view on this web site.