A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. For additional information please visit: www.federalhousingtaxcredit.com

Also did you know Cambria qualifies for a USDA Rural development loan? This guaranteed rural housing loan program provides compelling affordable housing options for borrowers and families.  Interest in pursuing these incredible loan opportunities? Call Kellie today.

A recent report finds foreclosures across the nation have dropped, and the numbers are similar right here on the Central Coast.  Foreclosures.com reports California experienced the fewest number of foreclosures in 13 months after numbers show foreclosures dropped by 31 percent. And here on the Central Coast, the numbers of foreclosures filed have also seen a drop, which is good news for many.

“It’s good for everybody. If the foreclosure numbers are down, it means we’re coming to maybe the bottom of our market and things are going to start looking good for buyers and real estate, and the things are going to look good for the owners of real estate to sell too,” said Kevin Irot, vice president of First American Title Company in San Luis Obispo.

From December 2008 to January 2009, San Luis Obispo County saw more than 0.5 percent decrease between the two months.

In that same time period, Santa Barbara County also saw a drop. The number of foreclosure filings decreased about 11 percent, with the bulk of all foreclosures filed mainly in Santa Maria.

Looking for a foreclosure on the Central Coast?  I will locate your ideal foreclosure on the Central Coast.  Call me anytime for assistance 805 927-2269 or drop me an email at brokerkw@aol.com