Comments on: HUD to Monetize Tax Credit for Down Payment… http://lisacooper.com/hud-monetize-tax-credit-payment/ Sun, 14 Aug 2011 11:32:41 +0000 http://wordpress.org/?v=abc hourly 1 By: Doug Francis http://lisacooper.com/hud-monetize-tax-credit-payment/comment-page-1/#comment-686 Doug Francis Wed, 20 May 2009 00:08:29 +0000 http://lisacooper.com/?p=1353#comment-686 I received a memo today from one of my best lenders that HUD dropped this program today - pulled the plug! Funny how these things work out. They even pulled the HUD memo off the web site! I put some thoughts together during the day today at my blog http://dougfrancishomes.com/category/blog/ Let's stay on top of this thing! I received a memo today from one of my best lenders that HUD dropped this program today – pulled the plug! Funny how these things work out.

They even pulled the HUD memo off the web site! I put some thoughts together during the day today at my blog http://dougfrancishomes.com/category/blog/

Let’s stay on top of this thing!

]]> By: Doug Francis http://lisacooper.com/hud-monetize-tax-credit-payment/comment-page-1/#comment-685 Doug Francis Mon, 18 May 2009 20:28:04 +0000 http://lisacooper.com/?p=1353#comment-685 This is good information and I plan to do more research. Seems like the amount of the "short-term" loan and the fees cannot exceed $8,000... so buyers using this amount need to factor in interest expense or fees so they don't create an IRS problem/penalty next April. -doug This is good information and I plan to do more research. Seems like the amount of the “short-term” loan and the fees cannot exceed $8,000… so buyers using this amount need to factor in interest expense or fees so they don’t create an IRS problem/penalty next April.
-doug

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