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July 5-ACAR/MLS Office Closed
July 8 12pm-2pm Lunch &Learn:The Home Inspection Process
July 9 -9am-1pm- Forms & Contracts
July 14 12-2pm Lunch&Learn: Truth About Reverse Mortgage
6pm-9pm REALTOR-Affiliate Appreciation Night
July 21 Practical Use of REALTOR Forms
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208-468-5129 |
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Greetings!
After a close brush with the deadline, Congress has passed the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension the new closing deadline for eligible transactions is now September 30, 2010. There is will be no gap between June 30 and the date the President signs the bill into law. Extending the tax credit closing deadline will help provide additional stability to real estate markets across the nation. NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation.
The Senate also passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569), an extension of the National Flood Insurance Program until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from June 1, 2010, to the date of enactment of the extension. NAR members sent more than 250,000 letters to Members of Congress encouraging them to extend the program.
NAR is still working on restoring the 502 single-family rural housing loan guarantee program. Language is included in H.R. 4899, the Emergency Supplemental Appropriations bill that is currently in conference between the House and Senate. We expect the House to pass that bill shortly and are hopeful the Senate will do the same when they return the week of July 12. When that bill passes, the program will be restored through the end of the fiscal year.
ACAR and IAR will continue to work with our Idaho Congressional delegation on the issue of HUD using an exclusive escrow agent outside of Idaho for the purchase of HUD foreclosures.
Without the REALTORSŪ Political Action Committee issues like these would not succeed.
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Come Join Us for a Free Dinner
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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8 Clever Ways to Land More Clients  Getting the attention of today's buyers and sellers isn't easy. And with plent of competition in the marketplace, gettin your marketing to stand out from the bunch can be a challenge.
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 You Can Make a Difference- Volunteer for Habitat for Humanity!We're working at the Maple Grove Habitat for Humanity project. You can sign up for one or more days - no construction experience required!
- Friday, July 30, or Saturday 31
- Friday, August 27 or Saturday 28
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IAR State Conference -Boise, ID  Join other REALTORSŪ and industry related professionals at the annual Idaho Association of REALTORSŪ Conference & Expo, September 22-25, in Boise.
This event includes networking receptions, an expo, awards brunch, education classes and much more! For registration and schedule information log onto www.idahorealtors.com. |
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Short Sale Summer Reading
Remember when you were in junior or high school and used to get your summer reading list. Well now the Agents over at AgentGenius Magazine have put together a list of post if you are working on short sales or thinking about working on Short Sales this summer.
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