Jackson Township Volunteer Fire Company Tuesday Night Bingo Kitchen and Doors Open at 6 PM
Games Start at 7 PM
at the Firehouse
Route 715 and Reeders Run Road in Reeders, PA
Check back often for new events! Bingo, Breakfasts, and More! Welcome to Meagan Lahey's Official Website! Welcome to MeaganLahey.com, your complete source for real estate in and around Stroudsburg and East Stroudsburg, PA, the heart of the Pocono Mountains. In today's competitive real estate market a full time professional can help you achieve your dream. If you are selling, my full service customizable marketing plan will showcase your home to traditional and online buyers. If you are looking to purchase property, my Buyer Agency skills will guide you through the process and help you buy just the right home. We have some words that we use very frequently now in our troubled economy. These words are "foreclosure" and "short sale". Most people know what a foreclosure is but don't know what a short sale. A short sale is when a seller, who is experiencing a hardship, owes more on their home and associated loans than what they can sell their home for. The lender will allow the sellers to sell their home for less than what they owe and the lender will discount or be "shorted" what they are owed. This process keeps a seller out of foreclosure and enduring a foreclosure on their credit. I am a Certified Default Resolution Specialist, CDRS, which means I am specially trained to process short sales. I am also a Seniors Real Estate Specialist, SRES. Seniors are going in such an interesting direction in their lives. Seniors require an agent that is caring, understanding, knowledgeable and receptive about their needs and not just their real estate needs. Being a Seniors Real Estate Specialist, I have those qualities and work successfully with seniors. Call today to see how I can help you achieve your dreams! Yours truly Meagan Lahey, SRES, CDRS
REALTOR Pending Home Sales Ease After Gain January 5, 2010 - Lawrence Yun, Chief Economist for NAR interviewed by Robert Freedman, REALTOR Magazine Please click on the following link to see the interview:
http://link.brightcove.com/services/player/bcpid4946214001?bctid=60305163001
Record Number of Foreclosures in 2009
Total foreclosures in 2009 reached 2.8 million, a 21 percent increase over 2008 and a 120 percent rise compared to 2007, according to foreclosure sales Web site RealtyTrac in a year-end report released Wednesday.
RealtyTrac also reported that fourth quarter foreclosures decreased 7 percent from the third quarter, although they were up 18 percent compared to 2008. December 2009 foreclosures were up 14 percent over December 2008.
The 10 states with the highest foreclosure rates in 2009 were: Nevada, Arizona, Florida, California, Utah, Idaho, Georgia, Michigan, Illinois, and Colorado.
California, Florida, Arizona, Illinois account for 50 percent of the foreclosures. The other 10 states with the largest numbers of foreclosures are Michigan, Nevada, Georgia, Ohio, Texas, and New Jersey.
“A massive supply of delinquent loans continues to loom over the housing market, and many of those delinquencies will end up in the foreclosure process in 2010 and beyond as lenders gradually work their way through the backlog,” says RealtyTrac CEO James Saccacio.
Source: The Associated Press (01/14/2010) 6 Surprising Facts About the Buyer Tax Credit
The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it.
- To qualify for the move-up tax credit, a home owner must have occupied the same principal residence for five of the last eight years consecutively.
- Buyers can elect to claim the credit on either their 2009 or their 2010 tax return, whichever is best for them.
- Buyers who claim the credit in 2009 can’t file electronically because the Internal Revenue Service hasn’t put the required forms on line. The wait for a refund is three or four months.
- The home can be a mobile home or travel trailer that is fixed to land owned or leased by the home owner. A mobile home or travel trailer that is actually mobile doesn’t qualify.
- The home can’t be purchased from a close relative, including a parent, spouse, child, grandparent or grandchild.
- A buyer who earns no taxable income or doesn’t owe any federal income tax can qualify for the tax credit and file a tax return just to claim it.
Source: Bankrate.com, Marcie Geffner (01/21/2010)
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