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Online Scams - What to Do |
The FBI has issued a consumer alert affecting real estate listings in a rental housing scam. Earlier this month, such a scam was identified in Roanoke when an elderly couple drove from Greensboro to check out a supposed rental, which was actually a listed property. The surprised homeowner called the police, craigslist and Channel 10! Click here for a one-page flyer including a description of the scam, guidance on how Realtors can spot and report such scams, plus how Realtors can educate their buyers and sellers.
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Congress Extends Tax Credit Closing/Flood Insur. Program |
On the evening of June 30th, Congress passed an extension of the Homebuyer Tax Credit closing deadline. The extension applies only to transactions that have ratified contracts in place as of April 30, 2010. The new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30th and the date the President signs the bill into law.
Congress also passed the National Flood Insurance Program Extension Act of 2010, an extension of the National Flood Insurance Program (NFIP) until September 30, 2010. This will allow transactions to move forward. The bill is retroactive and covers the lapse period from June 1st to the date of enactment of the extension.
NAR worked closely with Congressional leaders on both sides of the aisle to enact this legislation. NAR credits the assistance of nearly 83,000 REALTORS who responded to NAR’s Call to Action, resulting in over 250,000 letters to Congress requesting the extension of the NFIP.
More information on both programs is available at www.Realtor.org/government_affairs |
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RVAR Salutes 2010 Affiliates of the Year |
Gail Perry
Company Award Individual Award
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| RVAR recognized two Affiliate members at the May 6th Affiliates Expo. Acquisition Title & Settlement Agency won the company award for its sponsorship of and participation in RVAR events, as well as service on RVAR Committees. Gail Perry of American National Bank earned the individual award for long term service on the Education Committee, sponsorship of educational sessions and participation in RVAR events. RVAR is proud to salute these dedicated Affiliate members for their service to RVAR and to the REALTOR community. |
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