TIME RUNNING OUT

The first-time homebuyer tax credit program is running out (unless they extend it) on November 30th. Should a new loan be required in order to buy, it's very late! However, if cash is available you still have ample time. But choosing a home needs to get underway right now.

The (up to) $8,000 is a good incentive to buy. It lowers the net cost of your new home.

For a short, readable description of the tax credit program, go to my web site: www.johncmartin.com and click on the button on the left side. It says TAX CREDIT.

OUT OF CONTROL

I've attempted to warn all of my customers of what might be coming. Never one to be involved in conspiracy thinking, I've kept close to all the information available about this administration's goals and aspirations; and I'm convinced that it has nothing good in store for us.

There is coming a new round of foreclosures.....those realty loans put in place during '07 and '08 that have "option ARMs" (that's "adjustable rate mortgages"). They're all coming due soon. Add to that two trillion dollars in commercial loans coming due very soon, and you have the makings of a disaster. This is all about to spiral out of control.

There are only two safe places to put money in a scenario like the one coming. One is gold (already very high); and the other is real estate that you can use personally. The latter is my specialty. This is very serious; and my recommendation is to own at least one or two pieces of property (or more) at which you can reside and be relatively safe, and by which you can sustain yourself and those who belong to you. Don't wait; do it now. Email me at john@johncmartin.com.

TAX CREDIT UPDATE

TAKE NOTE! Those first-time homebuyers that wish to take advantage of the tax credit must do so now. It takes about 45 days to get a loan through right now; so a buyer needs to have a contract in place by mid October in order to get it closed by November 30th (the termination of the program. Email me right away at john@johncmartin.com.