Here we will feature Massachusetts Real Estate news articles, tidbits and information we come across and feel is important to share with our students and fellow real estate professionals. We hope you find it helpful!
Proposed First Down Payment Homebuyer Tax Credit
Additional help could be on the way for first-time homebuyers. As a candidate, President Joe Biden proposed the First Down Payment Homebuyer Tax Credit, which could be significant in aiding potential first-time homebuyers. For starters, the credit could be used to cover all or a considerable share of a buyer’s down payment. With home prices […]
Read MoreExciting News About Your Real Estate Exam!
Effective January 27th you can register to take your Real Estate Exam at home!! PSI and the Massachusetts Division of Professional Licensure / Board of Real Estate have devised an acceptable procedure that allows you to test at home! The on-line exam process will begin on January 28th. Please contact PSI with any additional questions […]
Read MoreNew Eviction Rules: What You Need to Know
January 6, 2021 – By Jonathan Schreiber MAR On December 31, Governor Baker signed into law Chapter 257 of the Acts of 2020 which makes important changes to eviction rules and procedures that will be in effect until the end of the COVID-19 state of emergency. The changes include: • All notices to quit for […]
Read MoreFair Housing Update
In the Fall of 2020, the Trump Administration implemented changes affecting the requirements affecting complainants and burden of proof. Here is a brief summary. As licensees, we suggest you keep up to date at vww.hud.gov for additional Fair Housing links plus more details and up to date information. “Through its final rule, HUD aims to […]
Read MoreThe Rehabbers’ Guide to 203(k) Loans
Tight-fisted lenders have made home equity loans harder to come by. So what’s a fixer-upper to do? Meet the 203(k) loan. Lenders’ weak stomach for extending credit doesn’t have to sour your upgrade dreams. The old but new again FHA 203(k) loan rolls remodeling and mortgage costs together, whether you’re buying or refinancing an existing […]
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