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Welcome

Chad Kamp
3150 S Gilbert Rd, Ste #4
Chandler, AZ 85286
Office: 480-730-3315
Cell: 480-205-6597
Email: chadkamp@kamprealty.com
 "Serving You"

Chads Blog
American Recovery and Reinvestment Act of 2009

 

 

Today we had a visit from President Obama to unveil portions of his 
American Recovery and Reinvestment Act of 2009.  Below are hi-lites from his plan.  One of the details of this plan is that first time homebuyers will recieve up to $8,000 tax credit for purchasing a home this year.  To see how this tax credit can benefit you please contact me at 480 205 6597.

Below is an excerpt from the fact sheet with regards to the ARRA of 2009.

Homeowner Affordability and Stability Plan

  1. Refinancing for Responsible Homeowners Suffering From Falling Home Prices
  2. A Comprehensive $75 Billion Homeowner Stability Initiative

?? A Loan Modification Plan To Reach 3 to 4 Million Homeowners

o Shared Effort with Lenders to Reduce Interest Payments

o Incentives to Servicers and Borrowers

?? Clear and Consistent Guidelines for Loan Modifications

?? Required Participation By Financial Stability Plan Participants

?? Modifications of Home Mortgages During Bankruptcy

?? Strengthen Hope for Homeowners and Other FHA Loan Programs

?? Support Local Communities and Help Displaced Renters

  1. Support Low Mortgage Rates by Strengthening Confidence in Fannie Mae and Freddie Mac

To see the full fact sheet visit :

http://www.treas.gov/initiatives/eesa/homeowner-affordability-plan/FactSheet.pdf
Posted By - Chad Kamp - 02/18/2009
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