The Home Buyer Tax Credit on Nov. 6, 2009 was extended and expanded. The current guidelines of The Home Buyer Tax Credit requires a potential buyer to be under contract by April 30, 2010. The closing must occur by June 30, 2010. For qualifying purchases in 2010 the borrower has the option of claiming the credit on their 2009 or 2010 tax return. This is for first time home buyers defined under the HUD guidelines.
The Home Buyer Tax Credit has evolved from The Housing and Economic recovery Act of 2008. The Home Buyer Tax Credit in 2008 was a $7500 tax credit originally in the form of a no interest loan. It was to be paid in 15 equal payments beginning in the 2010 tax year.
For 2009 the tax credit was increased to $8000 and does not have to be paid back. This of course is only if the borrower uses the property as their primary residence and for a minimum of three years.
I hope this information was helpful. For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
Saturday, December 26, 2009
Wednesday, November 11, 2009
Our MLM Business Opportunity and Debt Settlement
Our MLM Business Opportunity has another component. The next aspect of our MLM Business Opportunity is the ability to help our clients with too much credit card debt. The average American consumer has over $30,000 worth of unsecured debt totaling in the Trillions of dollars.
With the help of this third party vendor we are able to enroll clients that could not qualify for a mortgage because of too much credit card debt. This does not need to be this type of client only, we just come across this mostly. We can help any individual that would like to be enrolled in the program. This too is a service we can perform without being licensed. We just need to comply with our vendor training requirements and we're ready to help friends, family, and associates.
For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
With the help of this third party vendor we are able to enroll clients that could not qualify for a mortgage because of too much credit card debt. This does not need to be this type of client only, we just come across this mostly. We can help any individual that would like to be enrolled in the program. This too is a service we can perform without being licensed. We just need to comply with our vendor training requirements and we're ready to help friends, family, and associates.
For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
Our MLM Business Opportunity and Loan Mods
Our MLM Business Opportunity also offers our MLM business associates the opportunity to provide a Loan Modification service to our clients.
This Loan Mod. program is set up so anyone can do it and requires no licensing. You need two training sessions to become qualified to provide this service. The training sessions are webinar style and are set for two times a week and convenient for most individuals schedules. The company we use for loan mods. provides the training free of charge to us as an affiliate.
The best part of this is yet to come! The service, unlike many in this industry, requires no upfront fees from the consumer. That's right, no upfront fees from the consumer! We are helping people around the country save their homes. It's also the greatest feeling being able to help someone in this situation. In fact we have a new affiliate right in our organization that we helped who decided to join she felt so strongly about this service. What a testimonial to not only this service, but the company as well.
For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
This Loan Mod. program is set up so anyone can do it and requires no licensing. You need two training sessions to become qualified to provide this service. The training sessions are webinar style and are set for two times a week and convenient for most individuals schedules. The company we use for loan mods. provides the training free of charge to us as an affiliate.
The best part of this is yet to come! The service, unlike many in this industry, requires no upfront fees from the consumer. That's right, no upfront fees from the consumer! We are helping people around the country save their homes. It's also the greatest feeling being able to help someone in this situation. In fact we have a new affiliate right in our organization that we helped who decided to join she felt so strongly about this service. What a testimonial to not only this service, but the company as well.
For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
Saturday, November 7, 2009
Real Estate division of our MLM Business Opportunity
The Real Estate division of our MLM Business Opportunity is what drives our MLM Business Opportunity. Our MLM Business Opportunity compensation to Real Estate Brokers and Agents is essentially the same with one KEY exception, which I will get to in a moment.
First, our experienced brokers and agents are compensated equally, 90% commission on every deal they personally put into the system. There are two levels in the hierarchy after that, both paying 2%. It looks like this, each real estate agent and broker can hire recruits and receive 2% commissions on all direct recruits and 2% on the next level down. This helps in retention. They can hire recruits NATIONWIDE two levels deep.
If they bring the financing into the business, which is our main bread & butter, they get 50% of the commission generated by the mortgage. Many Real Estate Professionals think this is against the RESPA regulations, however if they offer the client three financing options, they've fulfilled the RESPA requirement for compliance.
For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
First, our experienced brokers and agents are compensated equally, 90% commission on every deal they personally put into the system. There are two levels in the hierarchy after that, both paying 2%. It looks like this, each real estate agent and broker can hire recruits and receive 2% commissions on all direct recruits and 2% on the next level down. This helps in retention. They can hire recruits NATIONWIDE two levels deep.
If they bring the financing into the business, which is our main bread & butter, they get 50% of the commission generated by the mortgage. Many Real Estate Professionals think this is against the RESPA regulations, however if they offer the client three financing options, they've fulfilled the RESPA requirement for compliance.
For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
Our MLM Business Opportunity Act 1
Our MLM Business Opportunity allows for the best of both worlds. This MLM Business Opportunity provides the tools for the MLM entrepreneur to quickly get acclimated to our business model as it's one with which they're familiar. He/she can pick from a variety of products and services to market and instantly start making money without getting a Real Estate or Mortgage license. Or they can choose to become licensed, which would be the intelligent thing to do, in one or both industries and really augment their income!
For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
For more info. and opportunities in the mortgage and real estate industry please go to http://patricklacy.com
MLM Business Opportunity
This MLM Business Opportunity is unlike any other MLM Business Opportunity. This MLM Business Opportunity does not have something to sell someone. This MLM Business Opportunity does not require you to keep an inventory of anything.
This MLM Business Opportunity uses the Real Estate/Mortgage industry as a foundation for creating it's income. Our MLM Business Opportunity has a number of income streams built into it. One entity of our business opportunity is geared toward the Professional Realtor whether it be a real estate broker or real estate agent. Another entity of our business opportunity is designed for the Mortgage Professional. These two industries compliment each other we've brought them together to use them as a true wealth building system. I use the word system because when you combine all of the other products and services we ally these two with, it truly becomes a system. Don't take my word for it though, look over my site and see for yourself. Go to http://patricklacy.com
Enjoy your journey!
This MLM Business Opportunity uses the Real Estate/Mortgage industry as a foundation for creating it's income. Our MLM Business Opportunity has a number of income streams built into it. One entity of our business opportunity is geared toward the Professional Realtor whether it be a real estate broker or real estate agent. Another entity of our business opportunity is designed for the Mortgage Professional. These two industries compliment each other we've brought them together to use them as a true wealth building system. I use the word system because when you combine all of the other products and services we ally these two with, it truly becomes a system. Don't take my word for it though, look over my site and see for yourself. Go to http://patricklacy.com
Enjoy your journey!
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