Greetings!
In response the member concerns ACAR has been actively working with NAR and HUD to ensure closings occur prior the June 30th First Time Homebuyer Credit. The Senate has passed a bill to extend the credit to September 30th, but it still needs to pass the House.
We received a response to our concerns from the regional HUD Director today saying that clear steps are being taken to ensure GBS does its job to assist with closings, including contracting out if the volume is too large.
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Homebuyer Tax Credit Extension- The Waiting Game
 The Senate has adopted Senator Harry Reid's (D-NV) amendment to the pending jobs and extenders legislation (HR 4213) that would extend the closing date for the homebuyer tax credit from June 30, 2010 to September 30, 2010. The amendment would apply only to purchasers who have satisfied the April 30 binding contract rule for the $8000 and $6500 tax credits. The amendment creates no new eligibility for the credit. Once through the Senate, the bill must go back to the House for their approval before obtaining the President's signature. While the timing remains uncertain, completion is expected sometime next week.
Congress will be in session during the weeks of June 21 and June 28, so votes on the legislation are still possible before the June 30 deadline.
Do you questions? Contact Miguel Legarreta |
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Green Power Hour
The ACAR Green Task Force invites you to attend the Green Power Hour - One hour of free information about the green movement in the Treasure Valley.
Tri Robinson, author of Chronicles of Sustainable Home Building, will be speaking about ways to reduce water consumption and keep your curb appeal!
One lucky attendee will receive a certificate good for a FREE GREEN Core Designation course and a FREE Residential Elective Designation Course valued at $295!
Details: Thursday, June 24
When: 10am-11am
Cost: FREE!
Where: Pioneer Title on Rifleman |
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Get Your Online Education from ACAR
ACAR is proud to announce a partnership with CBT Real Estate to offer online education! Get the credits you need when it is convenient for you! Whole renewal packages or individual courses are available! Find Out More
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Take a Break and Join Us
REALTORŪ-Affiliate Appreciation Night
Free Food, Free Games, Good Times
Wednesday, July 14th 6:00-8:30pm
Julia Davis Park, Shelter #1
Grab a hotdog and a soda while you toss beanbags, compete in inflatable bowling, or throw water balloons! There will be a clown, so bring the kids!
Thank you to our volunteers for helping run the games:
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Close Those Foreclosures  Learn the skills to help buyers navigate the tricky foreclosure market. In recent years, unprecedented job losses, market fluctuations, and economic uncertainty have caused a spike in the number of home owners in foreclosure or in danger of becoming so.This situation has demanded that REALTORSŪ develop new skills to respond on behalf of their clients and their communities.
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