May 2009
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New Rules Regarding Use of $8,000 Tax Credit will help Triangle area First Time Home Buyers

The American Recovery and Reinvestment Act of 2009 (Recovery Act) provides for as much as an
$8000 tax credit to qualified first-time homebuyers. FHA supports this important initiative to

promote homeownership. This mortgagee letter provides:

Ā 

Basic information on the first-time homebuyer credit obtained from the Internal Revenue
Service (IRS) website. Complete information on how the first time homebuyer tax [...]

Housing Sales Activity Is UP in April- Especially in lower price ranges

Existing-home sales rose in April with strong buyer activity in lower price ranges, according to the National Association of RealtorsĀ®.

My youngest daughters just got hired by the local YMCA to be a camp counselor

My youngest daughter has been a counselor with the local YMCA for a few years, having worked at Camp Raven before they closed it down at the end of last summer. Now she just found out that she is part of the “Electric” team at the Y, which she considers the best team because of [...]

Erin McBrayer just got named to the Dean’s List at App State University

My oldest daughter just finished up her freshman year at Applachian State University in Boone. She is an honor student and just got named to the Dean’s List for the second semester in a row. She had the highest GPA of any new pledge at her sorority too! Mom and dad are very proud.

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