John Walsh, President, Total Mortgage Services, LLC
An article published this past weekend by Amy Hoak of The Wall Street Journal and MarketWatch quotes a number of highly-respected mortgage-industry experts, including Total Mortgage Services, LLC president John Walsh.
The analysis piece cautions home buyers whom are eligible for federal home-buyer tax credits that they need to close on their houses before the end of June, or risk losing thousands of dollars. The story heightens the urgency for home buyers to take all the necessary steps to ensure their loans close within the next month, and warns that due to the recent high volume of real estate sales and refinancing which is going on, that the potential for closing delays does exist.
Borrowers who signed a purchase contract prior to April 30 may be eligible to receive a tax credit if they close prior to July 1.
Also quoted in the article are Joseph W. Rand, Managing Partner and General Partner for Better Homes and Gardens Real Estate – Rand Realty, and Timothy M. Dwyer, president of title-insurance company Entitle Direct.
To read The Wall Street Journal article, please visit this link.
To read the article at MarketWatch, please visit this link.
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